According to last COT reports ; Non Commercials have added 5288 contracts to long positions and reduced 2271 of short ones in EBRO, as of YEN, they have reduced long positions 18.452 contracts and added to short ones 6811 contracts. In the result , EURO is getting more stronger against YEN. In the technical dimension; Price has broken 130.200 local support zone...
ABCD pattern in progress, if ABC angle is 0.786 then BCD angle is expected to be 1.27.
Butterfly formation in progress, price is approaching to the resistance zone 1850-70, but it is too early for going short this week, next week I am expecting a retracement to 1820 around 1.warning line(green line)
selling opportunity in gold, there is hidden divergence which indicates the weakness of price, at the result: a selling opportunity can emerge if price goes up until 1822(makes a double top) for a sufficient risk reward ratio.
Whales intend to hunt stoplosses below the obvius resistance 1789, hang around a little bit between 1780-89 in order to fullfil buy limit orders at a lower price band
Price exited from the upgoing channel, and shows indications of weakness, as well as there is hiddden divergence (price went down but ossilator went up )which means the contuniations of weakness of price, at the result: a selling opportunity can emerge if local countertrendline breaks.
buying opportunity in USDTRY, I went long with retest of L - MLH.
Price has broken trendline and has made retest around the local resistance line
ABCD pattern in progress, if ABC grade is 0.5 then BCD grade is expected to be 2. Price made double bottom and retested neckline about the local resistance zone. I have entered into long position with retest of Lower Median Line of pitchforks by 1789.
The price iş approaching to the local resistance, I think about to go short , after breaking of momentum in 30 mimute time frame
Shorting opportunity in AUDNZD, trendline and local neckline broken
buying opportunity in AUDUSD, local resistance and falling trendline broken
shorting opportunity in USDCAD, trendline and neckline broken
ABCD pattern in progress, price entered into ascending channel, with high probability in ABCD pattern if; AC angle is 0.618 then BD angle is awaited to be 1.618 AC angle is 0.382 then BD angle is awaited to be 2.24 to 2.618 AC angle is 0.786 then BD angle is awaited to be 1.27
According to Hagopian Rule ; if prices reverse before reaching the Median Line, leaving a <> they will move more in the opposite direction than when prices were rising toward the Median Line , in this case price has made LH and LL <> which indicates the weakness of ascending momentum
scalping opportunity in JPY, neckline and countertrendline broken, retest is made
scalping opportunity in EURJPY, I am awaiting a revelsal around the H-MLH and 1.warningline, localcountertrendline is broken, price is approaching to the neckline of M, I am thinking about to short, if 2.SECONCOUNTERTRENDLINE BREAKS
The price is approaching to resistance, I am thinking about to go long, IF LOCAL COUNTERLINE BREAKS, SL and TP here are relative, I set up TP and SL according to Entry Point more than 1 to 3 rrr.