Looking for a retracement lower for a buy opportunity. Weekly shows a nice uptrend Daily has made an ABC type correction and what appears to be a H&S pattern.
Double top on AUDUSD. Price broke through the neckline. Waiting for a retest now with bearish price action for a short entry.
I like a long on this pair. We have a pullback to a daily support zone. The 4hr chart shows a slowing of momentum seeing that the candles are shrinking If you zoom in on the 1hr you'll see price made a higher low. A close above the recent high (+/-1.3272) will be a buy for me.
I like the idea of taking a short on this pair. Remember, price is fractal, so the same patterns you'll see on the higher timeframe, occur on the lower timeframe. I'm in favour of shorting this pair. Starting of from the daily you can see a double top. Zooming in on the 4hr you'll see a break retest. Going to the 1hr we have a double top again, and a BRT.
Short opportunity when the SP reaches for the top of that regression channel.
Starting off from the daily: It appears we have completed an ABC-wave type correction and are starting a new wave higher. The correction completed at a previous swinglow. Zooming in on the 4hr I see a resistance level that is rejected a couple of times indicating price struggled to get past it. But it finally managed to close above it. My plan from here is to buy...
Starting off from the 4hr: Price continues to trade below the 200ema, making a double top. Zooming in on the 1hr: possible scenario could be a) pullback to the breakout level, followed by bearish price action and enter short, or b) a breakout out of the consolidation area, with a possible retest and continue lower.
Hoping for some more bearish momentum on the SP500. On the 1hr I see a double top. A breakout below 3380 with a retest of that level might be a good short opportunity. Bear in mind that it's still holding it's 50ema on the daily chart and you can see it has been holding the market nicely through out this whole uptrend.
This here could be a possible setup on DAX. ECB coming out later today with news so be careful.
After NZDJPY made a triple top on that daily, i'm looking for this pair to head lower. We have possible BRT setup forming on the 4hr. Looking for a move into +/- 71, followed by bearish price action and then rollover too +/- 69
This pair might be setting in a new uptrend. Starting off from the weekly: we have an uptrend in place and looks like it has completed an ABC corrective pattern. Zooming in on the daily: we had a period of consolidation, then a breakout and retest of this consolidative box. I'll be waiting after NFP for possible pullbacks to get me into this trade.