To me it looks like EURJPY is just waiting for a reason to take a tumble. Sell at 130.42, SL 130.75. Target....loooonngnnngggg ways down moved sl to 130.85

EUR/JPY

Keeping a close eye for signs of reversal here at the .896/900 level . Expecting a quick and large drop over the next few weeks/months.

EURGBP

watching for bearish signs now for trip to 43.5 area.

Oil and Natural Gas

well, i am seeing signs of reversal, at least short term (hourly chart ), though i won't be buying from here. expecting longer term drop to 109 at least.

USD/JPY Discussion

Expo33, I am impressed with the call, but I am also somewhat lost on how you determined 5 points of confluence. I understand the two fib and the converging beariish trend lines, but that yellow fan of trendlines, I can only see you determined where ...

EUR/JPY

not to mention that shooting star is off of a 61.8 fib and a fractal trendline...I am a seller, short and long term i suspect. i expect that wolfe wave to play out.

Oil and Natural Gas

expecting pullback to 115.20. placing sell stop at that price stop loss 115.65.

USD/JPY Discussion

Anyone else seeing a wolfe wave setup? if this plays out as per wolfe wave rules, I think we could see a serious drop here, perhaps a new low or at least test of lows come October? Not going to trust that until I see a break of at least the daily ...

Oil and Natural Gas

personally medic, i am not heeding that rhetoric. I don't see crude hitting 90 again for a very long time. but nobody knows for sure.

Oil and Natural Gas

I expected a close of the gap before a move higher...looks like I was wrong.

Oil and Natural Gas

not only that mizi, but you are spanning a number of peaks. measure from current to most recent previous only. working like that, you will quickly learn believe divergence doesn't work

Hidden divergence

And that is about what I see playing out, though I wouldn't discount a move higher. I'll be watching the daily/monthly PA and Oscillators to see where divergence stands as we approach my target. Right now we have strong signs of hidden divergence on ...

NZD/USD

well, it could, but that could take months and a lot can happen in that time to throw that out. that said I see the pair moving up as well, but I would stick to 1 day and under, and I always check lower tfs for countering divergence, let that play ...

Hidden divergence

maybe ninner, but I am watching for a buy entry target .765 myself. i expect to be in position this evening

NZD/USD

thanks mertch, always interested in learning of others perspectives

NZD/USD

still very much appears to rely on support/resistance levels to me, which often times coincide with trendlines/channels at reversal and continuation zones.

NZD/USD

Can you explain that to me though mertch? I mean, the term Price Action, it really is very vague and yet seems to be all encompassing in the trading world as far as I can see...everyone just seems to throw it around, claims its what they use, and no ...

NZD/USD

no problem, not sure if this will work, but lets see.... not sure how much it helps others if these do post....but what I see is price coming near lower daily trend channel which is very near the daily 200 SMA (red line). On the weekly chart it is ...

NZD/USD

agreed. Until I see that lower trend channel broken with authority (.698) AFTER smashing through the 200 SMA (.701)...both very strong resistance levels... I'd be more inclined to believe it's a bull ride from very nearby.

NZD/USD

PA coming up on a daily trendline/61.8 fib cross (46.8 - 47.2 area). Buy the rumour, sell the news?? Bullish weekly divergence and that head and shoulders formation on the weekly have me a little more on guard for a sell though.

Trading Crude Oil with price action + indicator