anergeshammer

anergeshammer

A bounce expected. 113 finally touched as depicted in yesterday's chart. Either it turns up from 113 or down to 110+ area we go

anergeshammer

Key level to watch: 113 (Trenline of the expanding diagonal) A confirmed close below this level will expose 110 area for the next support per chart pattern.

anergeshammer

A picture is worth more than a 1000 words

anergeshammer

A == C around 115+ This has been a challenging pair for Bears.

anergeshammer Updated 

Practicing Elliot Wave analysis. I expect a bounce back towards 1.14 to complete W3/B as depicted. Thereafter, we should be due for the notoriously exhausting W3/C. Plan: I will not trade the retracement per Risk:Reward. I will short the retracement using 4hr chart. Stochastic top around or below 1.14 is a green light to take a stab at SELL. I intend to...

anergeshammer Updated 

I am inclined to take this trade. But I will wait till market close today to decide. Possible Inv. HnS formation that should push oil to Trendline resistance at 49+. Granted that we are down about $2 in this session, any down movement will be limited. I will buy and hold overnight. If no significant pressure up, I will bail. Of note, is that we have got that 45...

anergeshammer Updated 

Price correction towards 45 in the coming days. Short term play.

anergeshammer Updated 

USOil is still within Bearish channel. It may or may not hit the upper TL. I expect some correction before springing up to challenge the TL. A break above 52 will turn price bullish. As long as price is below 52, I will remain short. I will be trading off of the daily chart this time. NB: I trade different time frames depending on the analysis. It could be...

anergeshammer Updated 

USDJPY at a break or make level. A very clear triangle formation finished above 113+. I expect a drop towards 110. I am inclined to short and hold at this level. Stochastics on daily is overbought. Even though stochastics can stay overbought for a longer period of time, my EMA50/100 is somewhat flat which makes me believe that any breakout will be...

anergeshammer

The dilemma called EURUSD. I started establishing short at the touch of the trendline R as noted last week. Weekly and daily topped showing low prices ahead going forward. But since market movement is seldom linear, I am looking up to 4hr chart to add to my short. Overall, EURUSD might try another shot at above 1.14+ per 4hrs chart. In such scenario, I will...

anergeshammer Updated 

Looking closer at the lines

anergeshammer

EURUSD is coiling and testing its elastic limit. One its elastic limit is exceeded, it will snap and head back to 1.1200 area. Bottom of the rising wedge

anergeshammer Updated 

Daily Chart PA is bearish. Any run up will be considered a retracement. R1 comes at 0.9680 and above that we shoot for Long term R2. 0.9970 There are three Horizontal supports a few pips away from one another depicted by the black lines. This pair I am watching keenly to capture any bounce. S1 0.9550 S2 0.9535 S3 0.9520

anergeshammer

PA broke the TL support and is gunning for the horizontal supports. There are 3 of them that goes from 0.9550 to 0.9500. The line in the sand is a sustained break of 0.9500.

anergeshammer

EURUSD seems to have more room up. Around the Trendline R which comes around 1.1500, I expect some news to come out to pummel Euro. ***Conspiracy (wink wink). It goes with Fx trading

anergeshammer Updated 

Any run up in USDJPY will be a SELL for me going forward. No target set at this time although I will be gunning for 110 even area. I will update over the weekend. It appears we have a triangle formation at play. All eyes on Trendline Resistance

anergeshammer

As noted yesterday, price hit the TrendLine Resistance around 112.80 and turned south. I will leave this pair for the rest of the week. I open positions only on Sunday and Monday and close Thursday/Friday. Today and tomorrow is to bail out of all open positions for the week

anergeshammer

Good call in USOIL. I longed at 42.20 but bailed at 43.40. I could have held but that was a Short term play. Reason for LONG: Price hit the TL support. I was expecting price to hit TL resistance @ 43.50. It did but continued up. MOVING ON... Plan 1: SELL at 45.00, Target 4420 area. Plan 2: BUY around 4420 for Long term hold towards 47 per daily chart.