ChadMartin

ChadMartin

Has 1hr divergence with a morning star candle pattern. Depending on how the market opens, this pair could go long the first few hours to retest some recent price consolidation. If this occurs, drop to a lower time frame and look for a reversal signal. *It is also still in a 4hr downward channel.*

ChadMartin

Could be setting up a 4hr Head & Shoulder. Give it some time to see if it'll play out.

ChadMartin

Market closed on a doji, so it could gap up at market open. With the ascending triangle on the 4hr, I would wait for a break to either side before taking a trade on this pair.

ChadMartin

Remains in a downward channel. I would expect a gap up at market open and continue down for it to follow the Daily Head & Shoulders pattern. Please go Like & Follow the Facebook Page -> www.facebook.com

ChadMartin

Not sure how accurate this 4hr AB=CD Pattern is. But if it is close, UJ could turn north to start the week off after closing on a hammer. Please go Like & Follow the Facebook Page -> www.facebook.com

ChadMartin

May have done a false move to break the top of the triangle in order to go short. Depending on the gap come market open look for it to continue this downward move to at least start off the week. Please go Like & Follow the Facebook Page -> www.facebook.com

ChadMartin

Appears to have started a downward channel on the 4hr. Dropping down to the 1hr, using swing low to swing high it is sitting just above the 50 on the Fibonacci. Use a lower time frame for entry to go long IF it respects the 50. It is possible that it could create a 4hr double top, but go as high as the top of the channel. Please go Like & Follow the Facebook Page...

ChadMartin

Completed a Bearish AB=CD pattern about a week ago with the close of last week creating a double top. Gold is giving the appearance of a free fall. You can wait for a pull back before entering with a T/P of most recent low. Please go Like & Follow the Facebook Page -> www.facebook.com

ChadMartin

Looks like it may create a double bottom over the next day or two tops. Keep in mind this is the 4H. So IF it plays out, you could hold for a few days. Please go Like & Follow the Facebook Page -> www.facebook.com

ChadMartin

Has a 4H double top. Depending on market open, you could use some type of retrace of that huge bearish candle for a better entry. S/L would go above the high of that same candle. I would use a 40-50pip T/P or a Trail Stop. The three horizontal lines are possible T/Ps. Obviously the first line isn't the best because your risk is greater than your reward. Please go...

ChadMartin

Depending on the gap at market open, EURCHF may do a false move to the top side and drop to break the 4H support level. Please go Like & Follow the Facebook Page -> www.facebook.com

ChadMartin

Has rejected the 61.8 on the Fibonacci. It could create the double top and continue downwards or break the most recent high and move upwards towards price point of 1.01860. Always use your variables before taking any trades. Please go Like & Follow the Facebook Page -> www.facebook.com

ChadMartin

I currently have GBPCAD in a downward channel. I would look for it to break the bottom, come back for a retest and continue down. Possibly could bounce off the bottom of the channel for a small pull back. Wait for your variables before taking a trade. Please go Like & Follow the Facebook page -> www.facebook.com

ChadMartin

I currently have GBPCAD in a downward channel. I would look for it to break the bottom, come back for a retest and continue down. Possibly could bounce off the bottom of the channel for a small pull back before dropping. Wait for your variables before taking a trade. Please go Like & Follow the Facebook page -> www.facebook.com

ChadMartin

Has rejected the 50 on the Fibonacci and may create a double bottom. If you take this trade, the blue horizontal line can be used as first take profit. If the drop continues, the purple horizontal line can be used as a second take profit.

ChadMartin

Currently has a symmetrical triangle setup. Based on the bearish closing candle, I would expect a possible gap up come market open with also a possible break to the bottom side to start off the week. Or as illustrated bounce off the bottom of the triangle.