Watch for a test of the long term bull trendline. Look for buyers in this area and make a really awesome swing trade. Do not trade without a stop. Trade with proper position size and manage according to your own risk appetite.
NU has just met a long term measured move which is confluent with a low from May 2017. In addition there are 2 trend channel overshoots which
can precede an attempt to reverse the market. I forgot to post this chart yesterday, but I am looking for a retest of support and a continued sign of buying. Use a proper stop and position size. The first signal bar was...
Watch for a breakout of support and pullback retest. Target would be the confluence of the measured move 85.39 and old support. Note large gaps in the bear bars suggesting urgency of sellers at this time. Use proper stop with proper position size and proper trade management.
Watch for retest of lower trend channel line. It is above a prior support area and the line has been tested so if bars start closing on their highs and
there are consistent bull closes it may rally back to the top of the larger channel.
Long term divergence and double bottom on AUDCHF. I'm watching for a good signal bar, or waiting for a good breakout pullback. Target is in the 7750 area - the top of the range also is a measured move level.
2 failed bear breakouts, a failed 3 push wedge top. Price has become increasingly stronger with 1 push below follow by a weaker push below, and now finding support on a rising moving average. Target is the top of the range if there is a breakout. Use proper stop to stay in the move. This is counter to USDJPY which should move opposite EURUSD.
Pretty standard setup here. 3rd push up in expanding trading range. A 2nd entry short after a test of the highs and a failed breakout. May test all the way to the bottom of the range.
Hidden divergence forming on a higher low. Watch for the market to make a 2nd attempt. Small break of bear so far. 3 pushes down on selloff and 1 attempt to rally up so far. Also is bottom of current trading range.
The rectangle shows the area of interest. Watch for a short setup at the 3rd test of top of channel. Lots of tails on top of the bars suggests profit takers and possible new sellers. Not a short yet, but NFP is tomorrow and there will be orders in this area.
There was a break of the major bear trend line on the EJ weekly chart several weeks ago. So far there has been strong up trend and now 2 attempts to reverse down. The 240m has formed a channel which is likely to retest the 121 level. Buying the low of the channel may lead to a good entry into a 2nd leg up in the weekly trend. At minimum, target the top of the...
AU may test nearest support but I expect an attempt to reach the MM support around 7510. May be a sell for the second larger leg down, or wait for a long around the lower support. Looking for a short, then looking to buy around the lower support area.
