2 charts of WTI supporting a long continuation trade. Reversal pattern at bottom of channel supports going long for swing traders.
Colonel Kink Forex Reporter makes his EURUSD report which is now range bound between 2 shadows going into 10th week. Day trade inside range.
WTI and XLE are correlated. Unless WTI is wrong, higher 52-week highs point to XLE breakout when chart is shouting continuation patterns.
AUDSGD swing look for short continuation day traders wait n see Analysis for swing traders Price action test > re-test of shadow zone confirms that it is resistance. Price action at resistance meets Bollinger Band overbought so there is confluence. Now for trigger which could look like
Colonel Kink Forex Reporter’s #10 report combining USDSGD, AUDUSD and GBPUSD. This report combines Zigzag and Bollinger Bands analysis.
USDJPY caught between many support resistance but I see bullish cup-handle pattern. Price is zigzag between shadows drawn on 07 June.
EURUSD is range bound for now but swing traders should look for short continuation trade. Day traders trade the range follow short term indicators. Colonel Kink Forex Reporter.