glennmercer

glennmercer

EURUSD testing the .786 fib retracement level of XA to form what could potentially be a bullish Gartley setup. Stop loss below recent swing low at 1.245 with T1 around 1.132 and T2 around 1.140.

glennmercer

1. Class A Bearish momentum divergence 2. Possible rising wedge formation 3. Resistance met at 1.232 Short to 1.229 with a SL at 1.2335

glennmercer

An ascending triangle after a bullish move may indicate a breakout is possible to 1.232. I am long this pair with a stop loss at 1.225. T1 (Partial Profits) @ 1.230 T2 (Full Profits) @ 1.232 SL @ 1.225 Good Luck!

glennmercer

Bullish divergence formed just before wedging. The 5m Murrey Oscillator candles are have also turned bullish for the 5m chart. Look for a move higher toward the daily pivot for 4/2. I took this pair long and placed my profit target just below the monthly pivot.

glennmercer

EURGBP Bullish short term divergence between price and momentum indicate a bullish move toward the unhit daily pivot fr April 1st. The April, 2015 monthly pivot will provide a probable rebound target due to its proximity to the corresponding daily pivot and the preceding downward momentum. Selling at T1 with a profit target at T2 will produce a potential profit...

glennmercer

Triple bearish Knoxville divergence in addition to a rising wedge on the 1 hour chart is indicating a bearish move toward the missed weekly pivot at .74765 and possibly a larger move toward the missed daily pivot on March 12th at .72607.