The AUD is setting up for a new impulsive move. Price is slowly breaking away from the bullish flag that had been forming for the last month. We are back in a buyer's market, and this is a great entry long for bulls.
Long positions are getting ready to enter back into corn. Let's wait for the daily candlestick to close before going long on this trade
Price has bounced off the 7200 mark, better yet price touched down above the 200 EMA where bulls have entered back in for long positions.
USDSGD looks good to the upside. If we can get a retracement back to the 1.3896 - 1.3867 area, that would set up a good zone for entries. Let's wait patiently this week to see what price will give us.
On friday, sugar had closed with a lot of bullish momentum. We could be getting ready for wave 1 of the next impulsive move.
Natural Gas is looking very bullish. If we can get a bullish engulfer on the daily chart, that would set up a good entry to the long side.
AUD gave us a deep pullback all the way back to support and price bounced immediately, showing bullish momentum. Can we get back to April highs?
USDJPY has broke out of its descending channel, and is currently creating a new impulsive move. A pullback to the 114.885 zone would be a good potential entry zone for bulls to go long.
USDCHF can be taken as it is now. We got two very important indicators from price action. Price made a smash bar, and the day after it gave us a bullish engulfer. Two good signs for showing bullish momentum. This can be entered as is.
GBPJPY is looking very bullish again after a few weeks of downside. Price looks as if it is getting ready to make a new impulsive move. I would wait until the daily candle stick closes before taking an entry.
Oil has been pushing for new ATH's for the past couple of weeks. I don't think we have topped just yet, but I do expect some regression in price to the 87.25 - 85.50 level. If we can pullback to this zone, and we can get bullish price action (smash bar, or a bullish engulfer), then this would look like a good entry for bulls to go long.
Copper is sitting at a very good potential entry zone. We got one rejection candle, so if we could see 1-2 more ... followed by some indication of bullish momentum pouring back in. Copper would look like a good entry to the upside.
Soybeans has bounced off of its higher low & looks as if it is getting ready to make another HL before an impulse move. Price is currently forming an ascending channel, a pullback to the 0.618 range on the Fibonacci chart can be a good potential set up for bulls to enter long. -A bit of a dip -Wait for appropriate price action (not guaranteed) before taking on...
The CAD is still bullish, as we are also waiting on further confirmation from USOil. If price can pullback to the 89.881 - 90.329 zone bulls can enter long.
Netflix is looking very bearish as we're currently in wave 4 of our impulsive move. We had consistent Lower highs & Lower lows. A pullback to the 594.23 - 605.87 range looks like a good potential entry for short trades.
The Oil bulls have been quiet for a couple weeks. On the fibonacci chart at the 0.382 area, a retracement back down to 72.86 would be a potential set up for longs.
Price has bounced off the higher low and is trending smoothly to the upside. A pullback to the 7339.6 area would be a good area to look for long entries.
Price has been consistently making Higher High's and Higher Low's. We want to see a healthy correction to the 4709.84 range before entering on any long positions.