With both RSI (14) and MACD (12,16,9) sloping downwards while prices are not moving any higher over the last three months with head & shoulders being formed, there is a possibility that USDCHF will shift lower towards the Fibonacci level of 38% (approx 0.97300) of the low and high between 16 Feb 2018 and 10 May 2018. Tight stop loss above this high of 10 May 2018...
With both RSI(14) and MACD(12,16,9) sloping downwards and the upward trend-line recently having been broken while prices are not moving any higher over the last two weeks, there is a possibility that USDJPY will continue its downtrend towards the previous area where supports became resistances between 109.500-109.900. Tight stop loss above the high of a previous...
There is a possibility that AUDUSD will head towards the previous trendline during 4-8 June 2018. RSI is showing rising momentum which may cause overbought position some time in between bringing about a subsequent drop in price in later periods. What do you think then? ----- Things to remember: - Trade with care - Do not overtrade - Only overtrade when you...
Bearish Harmonic Pattern on its way towards point D, potentially projecting till 1.618 distance of "BC" at 1.37000 (150 pips from current price) before mid-January 2018. From there, we can expect a reversal down towards at least 1.35500. SL 1.34700 (approximately 70 pips) Things to remember: - Trade with care - Do not overtrade - Only overtrade when you want to...
Bearish Gartley & AB=CD Patterns have formed on EURUSD, potentially reaching trendline at 1.14450 during mid-January 2018 SL 1.18650 or 1.19650 Things to remember: - Do not overtrade - Only overtrade when you want to see the market hit your stop and then reverse back in the direction of your initial position.
Gold may bounce back from 1282-1284, potentially reaching trendline at 1300 in 2 days. Reward/Risk ratio is > 5.0
Long-term AUDUSD (800 pips/6 months), potentially reaching trendline at 0.85000 in 6 months. Trade now can be entered with very low risk.
A Deep Crab pattern on SPX500, potentially leading to a drop to 2480 in 1 month.
Long Opportunity GBPCAD potentially reaching trendline at 1.69000 (400 pips/1 week)
Long Opportunity USDCAD potentially reaching resistance at 1.27000 in 7-10 days ( approximately 200 pips/ 1 week)
AB=CD Pattern is forming on GBPUSD, potentially reaching trendline at 1.3700 during mid-November 2017 SL 1.28000 Also, see Demand Zone by TradeWonk
Butterfly pattern on GBPCHF, potentially reaching trendline at 1.30000 (215 pips) in 2 days
Long Opportunity GBPJPY potentially reaching trendline at 160.000 early November 2017
Long-term Head & Shoulders Opportunity for EURGBP reaching trendline at 0.84000 early November 2017.
Sell opportunity for EURUSD down to trendline at 1.15790 for this week commencing 9 Oct 2017.