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Aggressivec

2 Harmonic Trading Scenarios towards ECBBullish Scenario - Aggressive C EURUSD holds above support: 1) The Fast MA line 2) 1.17-1.175 structure As long as these support zones holds - Bullish scenario: EURUSD will rally to 1.2 to complete a bearish harmonic pattern Bearish scenario (AB=CD pattern) As long as the 50 MA line holds as resistance.... potential downside that will lead EURUSD towards the 1.14-1.15 weekly support zone. You can read more about EURUSD and these setups in this week's newsletter (#WEEKLYMARKETSANALYSIS on Twitter)
by themarketzone
Potential longer term bullish scenario Three bullish signals were provided last week by $XOM price action: 1. Stock was strong despite bearish market sentiment. 2. The price re-tested broken channel and confirmed breakout by bouncing from channel's top. 3. The price closed above the 200 SMA line If indeed the markets will turn positive, as $SPY chart suggests, $XOM may be headed for 20$ run towards 100$ and the completion of a bearish Bat pattern. Though there are plenty of target levels from 80$ to 100$ that can be used for profit taking, with a decent stop loss below the 75$, you may be able to ride this one all the way up to Bat completion. Tomer, The MarketZone This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews for the week goo.gl To subscribe to the newsletters - goo.gl Follow my blog - goo.gl Subscribe to my Youtube channel - goo.gl
NYSE:XOMLong
by themarketzone
2
Weekly Buy Zone 81-82 is a weekly buy zone for $CADJPY that already generated impressive 500 pips rally the last time I traded it. After it was rejected by the 200 days MA line, $CADJPY is back near the support zone but now it is above the broken downtrend line (red dashed line). Those who seek bearish opportunities may look at the potential Head and Shoulder pattern (blue circle) but considering that $CADJPY is near weekly support zone that includes also a weekly uptrend line (green dashed line) and potential Aggressive C setup for a weekly Gartley pattern (yellow), I prefer to focus on the bullish side. Tomer, The MarketZone This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews for the week goo.gl To subscribe to the newsletters - goo.gl Follow my blog - goo.gl Subscribe to my Youtube channel - goo.gl
Long
by themarketzone
Aggressive C - Bullish AB=CD patternPotential short term bearish trade - Aggressive C sell entry for a bullish AB=CD pattern. Price must remain below the 61.8 Fib level and the hourly 50 SMA line. First target - 2065 Final target - 2058 The bearish setup is inside a broader daily bearish setup I mentioned in my Weekly Markets Analysis newsletters - Read more about $SPX and other trading ideas goo.gl Tomer, The MarketZone.net Follow me on TradingView Follow my blog - goo.gl Subscribe to my mailing lists - goo.gl
FX:SPX500Short
by themarketzone
Bullish harmonic scenario - More than 800 pips potential move$CADJPY's weekly chart shows us that last week this pair failed to break below a major weekly structure zone (81-83). This structure zone (now support) managed to keep $CADJPY above it for almost 2 years between 2009 and 2011 (see blue arrows). If this support zone will hold, we have potential aggressive C entry in what could turn out to be a weekly bearish Gartley that will complete near 113 (yellow pattern). That's still way far ahead, but even if we will consider a rally to nearest weekly structure resistance (88-90), we see potential for 600-800 pips rally in $CADJPY. The daily chart shows also smaller bearish Bat (red) with potential aggressive C setup: With stop loss below 79-80, you can try and trade this potential Aggressive C entry for a bearish Gartley pattern (red) and also a daily double bottom that was created last week. If Oil will continue its bullish weekly, and therefore CAD will gain strength, $CADJPY can become a very interesting, low risk high potential reward swing trading opportunity. Tomer, The MarketZone This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews for the week goo.gl To subscribe to the newsletters - goo.gl Follow my blog - goo.gl Subscribe to my Youtube channel - goo.gl
Long
by themarketzone