alextradez

alextradez

Profit target 1: 32.8% Profit target 2: 61.8% Looking to make some profit on this butterfly. Could be in for a reversal/retracement which hopefully will allow for some gains today as well. Looks like we have divergence on the RSI also.

alextradez

A bearish looking continuation triangle has been formed, in addition to the resistance from above we are looking at the chart, we could be in for a pricedrop. Going short

alextradez

We could be looking at a pretty convincing buy signal with an H&S in addition to a possible bearish Cypher and Gartley which might shape itself up during the next couple of hours. Just went long with a 2/1 R/R, and looking for a breakout from the Head & Shoulders pattern. In addition, I put in a limit order going short on the 78.6 retracement of the Cypher and...

alextradez

Good looking ascending triangle which is starting to form. Could expect something similar to another bounce off the ascending support line before breaking out. Currently only observing the pair and waiting for the opportune moment manifested by a bullish breakout candlestick (hopefully with lots of volume).

alextradez

A harmonic pattern has formed on the hourly chart. With the additional conformation of a very important support zone, the odds are looking favorable for a bullish pullback lasting a couple of hundred pips.

alextradez

Decent-looking bullish triangle formation based on what is an important zone. Possibly even the neckline of the previous H&S pattern which leads me to believe we could be in for a good bullish run looking forward

alextradez

The possibility of a bullish cypher amidst this bearish tear the USDJPY has been on is looking plausible. Could be looking at a wonderful 3:1 R/R. Putting in a buy stop a couple of pips above the last candlestick for further confirmation

alextradez

Looks like we could be looking at a pretty extensive move to the downside here on the Pound/Yen pair. A seemingly perfect bat pattern. Putting in a sell stop a couple of pips below the previous candlestick with a 2:1 R/R

alextradez

Definitely looking like a head and shoulders here on the Aussie/Dollar Pair. Going short AUDUSD

alextradez

Starting to look like a breakout here on the Euro/Swiss Franc pair. Bollinger bands tightening, could be a huge move to the downside eurchf