flynnsforex

flynnsforex

This pair has been in an ascending channel for some time now. Recently we had a bounce off the 61.8 retracement with a sold follow through. Price then got rejected from the CTL drawn. This is the 4th bounce off of this line, as outlined. I am looking for a break of this trend line and further continuation to the highs at 2.00 and then the fib extension at 2.04s.

flynnsforex

Price has been rejected from the .5 fib level numerous times. The initial CTL was broken and retested along with the .5 fib level again. This retest created another nice outer CTL. I am awaiting a break of this trend line along with a break of 1.07 (key support level) to give us further downside. Targets include the retest of lows at 1.0460s and potentially the...

flynnsforex

Could see further upside in this pair. Recently broke a CTL on the 4h timeframe, and should be able to make a push back up to KEY resistance at 121.80s. However, nothing is certain, especially with FOMC tomorrow. Something to keep an eye on.

flynnsforex

XAUUSD has been in a descending channel for a while now. We can see here that it is continuing to make lower highs and has just broken a CTL on the daily time frame. Price came back to retest the CTL, bounced off the 38.2 retracement PERFECTLY, and now I'm looking for further downside, ultimately to 1100 for a take profit area.

flynnsforex

We could see further downward movement if we get a decent reaction from the 61.8 retracement and a counter trend line break.

flynnsforex

USDJPY seems to have broken out of a wedge, re-tested its highs at 121.80s, and come back down to retest the wedge. I am looking for a counter trend line break for a long position. Some possible take profit areas have been highlighted. Let me know what everyone thinks!

flynnsforex

I'm not too familiar with this pair; however, upon glancing over the bigger picture we can see a weekly counter trend line break along with lower lows and lower highs. Simple fib retracement to the 61.8 level has been completed, and we could potentially see a nice take profit area with numerous confluences at the 1.312 level.

flynnsforex

Looking to get a bounce off the 61.8 retracement and lower channel trend line for further upside movement

flynnsforex

Simple fib play here. Bounce off 38.2 retracement leading to further downside. Looking for a TP at 1.4525

flynnsforex

Head and Shoulders formation still holding. Awaiting a breakout of the neck line and further continuation down to 1.10

flynnsforex

Consolidation at the moment. Breakout to the downside predicted.

flynnsforex

Possible short continuation to 0.7450

flynnsforex

Head and shoulders. Clean breakdown could lead to 1.10