So Gbp Jpy looks to be at weekly resistance and I entered a buy based on the rules of my system! Rsi is above 50 , Stochastics is coming out of the oversold area... Im holding for at least 5 days... Happy Trading!!!!
I believe we are going for the higher low now. If you sell in a uptrend, it can be dangerous and the pullbacks are sometimes difficult to predict
My Analysis is to sell! Could be right or wrong! According to the rules of the trend as i see it
Remember this call on June 23? Look Below! Price broke out of the rising wedge and retested and started to move down... but then never could drop! So price RE TESTED A SECOND TIME and has now dropped! You can sell this breakout now! This is a 4 hour breakout and should be powerful! It will take time to drop... but the drop should be hard!! Good Luck!
The D has not formed... is doing it now Do not trade based on this analysis as im not great with this pattern!
Just wanted to update you guys that I correctly predicted this trend reversal on the 15min time frame. We got the breakout , retest, and the breakout. In order to trade successfully , these are the chart patterns we need to see and recognize before they happen. Recognizing them is not enough , we also need to know how to trade them! This was Perfectly...
We see the wedge pattern is reversing. We could see a down move and then a retest before the big move down. Make sure you set your stop loss to give room for the retest!
Our Analysis was spot on! We predicted the buy! We even predicted the Pullback even though the pullback went straight down into almost a straght line instead of the move we kinda expected.... The pullback still happened as Predicted and then the move up again! So anyone who followed this idea... We did a really good job!!!!
We are now seeing a double top on the 15 min time frame and lets hope the rising wedge starts to fall now! Do not enter sell until the breakout... as in fx.. anything can happen
Last analysis said Short but Reversal Coming Soon! We have not had that reversal and price is still moving down as expected!
How funny , Eur Usd and DXY are mirror images of each other! We learned this in babypips school! We expect a breakup to the upside in this falling wedge pattern on hour 1!
NOTICE TO NEWBIE TRADERS!!! THIS DOES NOT MEAN TO ENTER A SELL IMMEDIATELY!!! This is a rising wedge pattern on hour 1. Google Search Rising Wedge Pattern and look up how to trade it and see what it looks like! You need to place a sell limit order under your trendlines! Good Luck!!! This is analysis for hour 1 only! Find your own take profit!!! :P
Giant Red Candles is evidence that price could shoot straight through the support zone. We like to see the candles getting smaller and smaller as support nears when we look for possible reversal trades. This is clearly not the case on this pair as price is not slowing down anytime soon! My Opinion is that price on the daily chart will go straight through...
When we analyze Aud/Cad on the daily, we have left the support area and moving up. If we go to hour 4 , We have the moving average crossover and even though I have not included them in the chart , Full Stochastics has left the oversold area and the Rsi set to a 9 Period has also left the oversold area. I included 2 Take Profits on the chart! If you buy now you...
We are in a downtrend. We are waiting for the pullback. Do not try to buy the pullback. Past Experience and Past knowledge tells us that when we try to buy the pullbacks , we usually get burned! So in order to catch the sell... Go to hour 1 and draw a trend line under the price action and place your sell order under the trend line.
Eur Gbp Fell out of a rising wedge on hour 4 and then retested. A high probability sell! SHORT!!!
Im not sure if this is a Flag Pattern or Falling Wedge. The point is that when these patterns occur during a Uptrend , they have a higher probability to break out of the pattern to the upside than they do the downside. The rules of trading this pattern is to watch price action closely and put a limit order outside of the trend line in order to catch the breakout...
After our analysis and entry on hour 4 , we hit around 70 pips on the buy and 22 pips on the pullback sell. Now price has moved up to the minor resistance area again and we are bias toward a breakthrough of this area due to analysis on the daily chart. The Daily Chart with Full Stochastics has left the Oversold Area, Above the Middle Bollinger Band Line, and...