pezza82

pezza82

GBPCHF trying to break 1.21 area. If it breaks above and is not another fake out I will buy. Another interesting picture is on the 3 day. Could signal where it may go in the future.

pezza82

On the lower time frames, it looks to be struggling to break 135.5, but on the weekly it paints a different picture, seems very bearish. I think I will be looking to short this pair this week.

pezza82

Looking like it could form a bullish bat. I will short it down to 1.666 as it has been also forming lower highs and broke the uptrend support line. Down at the PRZ I will enter a long (if it gets there) But on the larger timeframe you can see if is range bound in this area.

pezza82

Price is staying above 1.96 area which falls on the 0.886 0-X (X-A) retracement. Could also fall down to the 1.13 area. The yellow box is the potential reversal zone.

pezza82

Bearish gartley complete right on lerm upper trend line which looks like might act as resistance. Bearish divergence also present on RSI. Price also broken thru trend. BC = 1.618 ABCD = 1.0

pezza82

If price breaks below support I will be looking to short if it confirms it's staying below. Target next level below, 150 pips. Also could setup for a gartley on the larger time frames.

pezza82

We have bullish divergence forming on the 4hr, so might see a reversal. But price has fallen thru support, and if it stays below, my next target is 15.75. Another thing I see is a bullish bat, and price is currently trading in the potential reversal zone. BC of 1.618 and alternate ABCD of 1.618. I'm thinking more of a long setup, but if that doesn't go to plan,...

pezza82

Could be about to start its next leg up. Long term trend is still up.

pezza82

Still bullish on this. Took profit on the last one and its pulling back a fair bit now. Have a buy on structure and aiming for a fib extension of 1, maybe 1.618.

pezza82

Have gone short on EU, just bounced off trend line resistance after breakind down out the channel. Long term is down for me

pezza82

I will enter this short after midnight and CAD data is revealed. But on the larger time frame it has rejected the down trend line. On the 4h it is breaking thru the uptrend line. I was also looking at this as a bearish gartley. Let's see what happens

pezza82

Larger trend is down, now short term rise has fallen thru the trend line and below weekly structure. I will short soon once I can confirm price will not break that resistance.

pezza82

I think NZD CHF will continue on its down ward journey. Waiting for a pullback to enter. It couldnt break up the 50% fib, so now down it goes.

pezza82

Bat pattern nearing completion, and just watching for a break of the wedge to buy. Price is now in the potential reversal zone

pezza82 Updated 

Keep an eye if it keeps falling and getting close to the D point. The D point also lines up with the 618 retracement of the last major bullish leg up. ABCD = 1.27 and BC retracemnt of 1.618. Fingers crossed

pezza82

UC has broken out of the down channel. Also broken above monthly resistance and could now stay support. I'm looking to long

pezza82

Waiting for it to hit the supply area and look at shorting, which is also the 618 retracement of the longer term down trend

pezza82

Im keeping an eye on GJ to break down below 134.62 area and look to short. Long term trend is bearish, and this could be just a retrace to below the 50% retracement. It recently broke out an upward wedge but couldnt fall, and now in a range and can't break 135.5 area. On the 1hr it looks like a H&S forming and some good old RSI divergence happening.