Wedge pattern on USDCAD that is very likely to break to the downside. Many days of indecision candles and now there is a big bearish engulfing candle after testing the 38.2 fib level and 1.3500 even level. Short will be supported by the weak dollar in recent days, and price is likely to complete a daily abcd pattern at previous support, and come down and test the...
Potential short opportunity on NZDUSD on a 4 hour close below the trendline. Kiwi has completed a 5 wave impulse and price action shows that kiwi is running out of steam and if the fed decides to raise rates, this will make this an even more likely scenario to the downside.
Nice long setup on AUDUSD at 0.7400 even level. There is a 61.8 fib retracement along with an ab=cd move, and ABCD pattern, decent support, and a 1.272 extension with 0.7400 even level at the same spot. I will be going long at this level
Possible bearish bat at 0.7505 on AUDUSD. Decent resistance along with 0.7500 even level
Possible long opportunity on USDCAD at 1.3325. Possible bullish bat completion along with an AB=CD, with a 1.618 fib extension, all at this level.
Possible short at 1.3587 on USDCAD. Previous resistance along with 1.3400 even level in the same region with a 38.2 and a 61.8 fib retracement at the same price. Pretty decent setup
Possible bearish bat completion on AUDUSD at 0.7521. There is also a 1.618 fib extension of AB confluence at the same level along with decent resistance.
EURUSD is putting in a possible head and shoulders pattern. I will be shorting at 1.9500 even level, which is the completion of a possible right shoulder and this level is also a 61.8 retracement of the head to the neckline, and this same level is also previous resistance. Should EURUSD close below the neckline my targets will be set at 1.7200 at the close of the...
AUDUSD is currently very bearish however we are approaching a strong reversal zone and a possible trendline that will be tested for the third time. Something to consider.
Massive gap in EURUSD that will very likely get filled. Very nice risk reward and seems like a very good setup
Monthly triangle on USDCAD and it will breakout very soon. Price has failed to close above 1.3500 by 3 monthly candles and march has closed in a doji. Watch for a breakout of the trendline on the weekly chart and a close above 1.3500 on the monthly.
I will be selling AUDUSD at the completion of 2 possible cypher patterns. If the red one falls through I will be taking the yellow one and I will take both of these possible cyphers as long as the red cypher doesn't violate 0.7600 even level. There is also decent S&R at both of these levels
Possible bearish butterfly at 1.3433 on USDCAD, there is decent 1 hour and 4 hour resistance at this level along with a 61.8 fib from our most recent down swing. Looks like a decent opportunity to go short.
USDCAD nice potential short opportunity at 1.3372. Lines up with strong resistance plus 61.8 fib level and a short term trendline as well.
Watch for 99.40 level on the daily chart of DXY. This is a very strong level and hasn't been violated since november of last year if there is a clear close below this level on the daily chart I will be expecting further dollar weakness and if we get a strong bullish daily candle I will also take that into consideration.
Nice potential but on USDCAD at 1.3200 even level. Strong S&R along with a 61.8 fib confluence with a 1.272 extension of a possible ABCD pattern. They all line up at the 1.3200 even level
Potential cypher pattern at 0.7645. I will be selling at this level. Price is also currently consolidating and I will be buying on a clear close above 0.7570 and selling at the potential cypher
Bearish gartley at market on USDCAD I am expecting a big move to the downside