mcpeacocks

mcpeacocks

just observations on oil - the following maybe reasons for a sudden and aggressive bounce on oil forthcoming 1. approaching multi year lows at 32.90, which previously sparked a 'decent' response 2. bullish divergence on RSI 3. trading in falling wedge pattern, often a reason for volatile breakout to the upside (4. haven't checked, but there maybe fib ratio...

mcpeacocks Updated 

I'm waiting for confirmation to enter this short - breaking and retesting the resistance here - see chart with stops and TP's for details. let me know what you think!

mcpeacocks

NZDJPY has just broken out of a flag and trhu a longer TF bearish trendline. There is also a case to be made for an inverted H&S I am waiting for the retest of the trendline and neckline before entering a long position. Main level that could throw a spanner in this trade is the 82.50 level which has been decent resistance in the past. The chart shows in...

mcpeacocks Updated 

see chart GL

mcpeacocks Updated 

break of bear flag on 4hr target 0.69157 stops above the flag at 0.7080

mcpeacocks Updated 

Option 1 - wait for the neckline of the H&S to break and hold below the break for selling this with target of 0.7785 and stops above the right shoulder. Option 2- wait for confirmation of retest of the resistance price is currently at and buy with target the previous high @81.71. This option is supported by Stoch and RSI being close to oversold, and has a better RR.

mcpeacocks Updated 

chart for details. if we are able to break the resistance we are currently facing from 2020 area, there maybe a potential gartley forming. levels on the chart.

mcpeacocks

This pair has just broken a falling wedge to the upside and is going trhu a nice break out after having been rejected further downside below 1.98 level. Im looking for completion of the Cypher around the 2.07 level to go short. Stops would go above the 2.10 handle - as this is a major previous SH as well as a psychological level. Targets at the usual cypher...

mcpeacocks

I'm seeing this potential bullish Gartely forming on EA. There is previous support around the 1.54 level, plus this is nice 'clean' level with potential for a bouce. My stops go well below the start of the XA leg and also below a historic S/R level around 1.53 Targets at the Fib retracement levels of the CD leg of the Gartley pattern. Appreciate comments and...

mcpeacocks

Keeping this one in view for the longer term

mcpeacocks

see chart

mcpeacocks

i see price at bottom range of consolidation range and an oversold RSI at 1h, 2h and 4h charts. TP1 goes at top of the range, TP2 at 1.618 extension. Stops below the last low and below a previous TL.

mcpeacocks

potential bearish flag? targets around 0.62 Stops at 0.6380

mcpeacocks

resistance formed almost perfect 4hr tombstone. shorting this to daily pivots and supports

mcpeacocks

short GA on 4hr timeframe

mcpeacocks

see chart for details - thick horizontal bar is historic weekly resistance level and appears well respected with todays bump up

mcpeacocks

see chart for details, and can be see in anticipation of this idea good luck.

mcpeacocks

seems there is quite a bit more downside to the dollar index. chart for details.