Parabolic Fans present shorting opportunities between breaks of support to next resistance levels.
Flag forming in a downtrend regarded as bearish pattern. If price tests and reverses off support likely too see continuation of partially constructed flag pattern. Be cautious of fake breakout to downside with stop entry sufficiently under the resistance levels for confirmation
Triangle consolidation forming with lower highers and higher lows. Triangle Apex approximates time of EURO news. Beware of fake-and-breaks which themselves can be opportunities for stop-and-reverse trades if price hits target levels on a particular side
Possible Volatility breakout in Gold after ranging/consolidation. In a downtrend on the traded timeframe so downside breakout likely to be more pronounced than upside with the far take-profit target being the outer trendline.
Possible breakout from exhaustion consolidation to the downside
USDZAR has been respecting the boundaries of it's recent Bullish Channel. Reversionary activity likely to continue until upcoming news. Any breakout of this channel may be directional anticipation of result of upcoming news release.
Short stop entry if price approaches and then rejects upper resistance level to remain within channel. Long entry if bar closes above. Trade is only valid until AUD news release.
Currently in uptrend so requires patience for break of trendline support for confirmation. Lowest trendline break would signal bearish reversal
Possible breakout after non-directional ranging activity. Watch Gold (XAUUSD) as is also in similar pattern with lower highs and higher lows in similar timeframe
Possible pullback in strong larger timeframe uptrend. Confluence of weakening Volume and MACD indicators as price continues to make new highs. Fundamentals still strong, though South America upping production to compete with West African dominance.
EURJPY making 15 year highs. No major resistance levels to impede it other than an exuberance whiplash when US markets open. Possible sideways consolidation but market will be highly responsive to any signs of weakness to the downside creating shorting opportunities
AUDSGD to test first resistance level in a down trend. If it penetrates second level could signify longer term reversal otherwise likely to test the 0.860 round number lows of October prior to upcoming consumer/business confidence news on 13th
Possible quick Gap Close trade opportunity. AUDSGD in a downtrend with many short term bullish test opportunities approaching.
AUDCHF riding strong fundamentals. Likely to find support on current trend lines while anticipation of RBA rate news on Tuesday. If rates remain unchanged may see a powerful move to downside if support broken
Sugar due for a bearish reversion to the mean. Disciplined use of a stop loss above previous pivot high as it represents a long term high price which, if broken, could see a strong bullish breakout.
Possible Short-term retracement from bull trend. Wait for confirmation of trendline break
Possible reversal from previous bearish trend. Watch whether trendline becomes support or resistance
A quick short trade if price breaks below recent consolidation. If it breaks above the short stop loss, signals strong bullish continuation