Here is one of the charts in my radar this week, $EURJPY. I have observed the completion of ABCD formation. I am interested in watching the price go a little deeper into support zone, and looking for opportunity to establish Long position. Let’s see.
Here is the CHART!
Here is the spot silver setup that I am looking at. I was looking at 40.85 as potential support level, and here we are. Let’s see if we have a bounce from here.
Here is the …. CHART!
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Here is the potential long setup I tweeted earlier on. We have a pretty neat symmetrical movement within the channel. And I am still looking at 123 as potential target.
Here is the… CHART!
Here is the EURGBP chart I mentioned earlier on in my tweet. The pair has recently completed a Bearish ABCD formation, and it is trading right in the supply level. I am looking at the short side for now, and the setup will be invalidated above 0.8945.
Here is the…. CHART!
NZDUSD is currently trading in an interesting zone. We have a bullish harmonic formation and the confluence of key support levels, and daily rising trend line. If a bounce from here happens, I have two possible scenarios. 1st is a pull back and then continuation of bearish symmetrical movement (Refer to the yellow lines). 2nd possibility is to complete the bigger Bullish harmonic formation which will see NZDUSD back testing daily downward sloping trend line.
A couple of potential trading opportunities here. Let’s see how it goes.
Here is the…. CHART!
This is one of the swing trades that I am working on. USDJPY is back to 82 zone, in which I see some decent supports in this area. And with the 61.8% retracement from the last swing leg, I am looking at the potential completion of ABCD formation around/above 84 levels. Well, I might be over ambitious, but who knows?
Here is the….. CHART!
