fximperija

fximperija

Looks like USDCAD is going for the magical 1.20. The potential top is somewhere in the PRZ marked by the 127.2 fib ext. and 224 fib ext. 1.21 might be reached as a top of the tops.

fximperija

The 15.5 acts as very good support, held the PA 3 times so far. Don't really see the bullish bat completing, but beside the bat there is a possible ABCD, just keep in mind. Break of 15.4 is a short into ABCD or even the bat.

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Currently short playing on HeadAndShoulders with target close to bull shark and bull bat completion for long.

fximperija

Nice rising channel. PA just beneath the 120 even handle.

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PA completed the bat @187.042 making a lower high so far. Aggressive entry at pattern completion or wait for TL break and enter on confirmed HL just below 186 @185.96

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The PA invalidated the bear bat by closing above the initial pattern point. Still the hard rejection @53989 with no new high could be a sign of exhaustion. Pullback into 5318 or even 5245 very likely.

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With PA making a LH (lower high) and completing the bear bat @92.92 first target is still 91.85 with possible T2 @91.12

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The long has been triggered already @57625 but still below 1.58. Conservative entry long could be performed on break of 1.58 @5822 if not already involved in long position on pattern completion.

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PA marked the whole range of channel, sharply rejected @1.53 which completed the wave3 of this bullish 5-0. PA currently pulling back on wave4. Expect to reverse in the PRZ (1.4667-1.4566). However, possible test of median line @1.45.

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With recent HL on triple bottom the bear shark could be regarded as complete for a short but bear in mind the possible bear crab completing in the shark PRZ.

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PA marked the 1.93 handle and has been rejected sharply back to 1.92. ABCD completion @1.933. Still very bullish but 1.92 even handle provides good resistance so far. Possible retrace to 1.868 or even lower 1.862. The 61.8 - 61.8 PRZ is in the 1.841 - 1.8366 range

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PA coudn't reach the 82 handle on recent attempts and backed down towards 81 and ABCD completion. Possible bull bat compeltion @8117 for a long into gartely completion @82 even handle if TL gets broken. Risk to downside ABCD completion @81 handle.

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Pa marked the ABCD but a bit more room to daily TL (red). Few pips above the 1.22 even handle which should provide some support. However, PA might test the 1.22 and hopefully close above and not below. Break of daily TL would open the door to 1.21.

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Nice crossing of main descending TL and inner TL at previous low 76.

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After a dive on y'day FOMC a possible recovery on this bullish cypher. Keep an eye on today GER data

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PA reached good resistance at structure, possible drop below 1.50

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Since PA made it below the median B look for reaction @182.40 and if reaches 182 even handle. Yen showed some strength, maybe enough to pull the majors a bit more down into structure support. See the equal leg ABCD completing @183 handle.

fximperija

The low of 13.997 could be considered as completion point of this bullish crab since the PA came so very close. The Price is on $17 and T1 is 18.24. Pay attention to almost overlap of 61.8 retraces as perfect confluence on T2 20.86