Big moves for this pair last week. Price has found support on a weekly level of structure, and I anticipate a reversal back up after some consolidation. We have a potential Head and Shoulders pattern forming on the hourly chart, so I'll be looking for a break above the right shoulder and a pullback to structure to buy. Targets will be at our previous highs. I'll...
Price has made a move up past previous levels of resistance. Price is currently pulling back to structure where I'll be looking for a double bottom with RSI divergence. Stops are below the low and targets at structure highs.
This pair has had a strong move to the downside in late March, so I'm looking for pullbacks to get involved on the way down. However, I anticipate that there may be a reversal as good moves don't last forever. I'd like to see price move up a little bit more around the 1.12700 level. This is a significant level of structure, and we have both an 88.6% and 61.8%...
Price is pulling back after breaking through previous structure support, which tells me to anticipate a move lower. RSI is overbought and I'll be waiting for a double top around the 61.8 or 78.6 retracement to short.
Price has made a move lower after breaking previous support. We can see a potential AB=CD move as well as an extension at around the 1.127 level. I'll be looking for price to pullback at around 0.74100 to 0.73900 to our 61.8 or 78.6 retracement of our most previous swing high to swing low (the Fib ratios will change depending where the market actually reverses)....
After over a year of consolidation, this pair seems to have broken to the downside. Price has broken through the last two levels of structure and is coming back to test the most recent level of support. Price has formed a double top at structure and I'll be waiting for a valid entry reason. We also have a 38.2% and 61.8% retracement line up near structure. Targets...
No specific trade opportunity here, just anticipating a bullish move on this market. Price has created a head and shoulders pattern after breaking out of last months' consolidation. Price has also broken above previous market resistance and has formed a bull flag pattern. I'd still like to see another break to the upside considering that this market is currently...
This pair has broken through the most previous level of resistance, and has hit the next level of resistance around 0.70800. I'll be looking for price to pullback around the 61.8% retracement which lines up with structure for a long trend continuation trade. I'll also be looking for RSI to be oversold.
Looking at a continuation of the downward move here. Price is approaching a significant level of structure where support becomes resistance. This level also lines up with a 78.6% FIbonacci retracement. RSI is is oversold. I'll be waiting for a valid entry reason. Stops at the 113% and targets retesting structure lows!
This pair has had a nice move up since the beginning of the year. However, price has reached a significant level of structure and I'm anticipating a reversal. On the hourly chart, we have a descending channel with bullish divergence which may indicate a move up to our resistance level around 112-112.100. Make sure to watch out for the high just above that level....
Price has reached a significant level of structure at 1.87300. RSI is oversold on the Daily timeframe. RSI was also oversold on the hourly with major bearish divergence with our double top here. Stops are above structure and targets are at previous structure lows.
