GhosTrader_GT

GhosTrader_GT

UPDATE: Price still stalls around the 0.236 fib level/support, rejecting and failing to break below it. But for how long can it hold? Market structure looks much clearer now with somewhat a Double Top pattern (completion of wave B and wave C in progress). I still have a bearish Bias on this pair. So will be on the lookout for SHORT (scalps) setups on the breakout...

GhosTrader_GT

Currently in a consolidation phase ranging within the 0.5 - 0.382 daily fib levels. I see it as a bullish consolidation pattern. A break above the upper resistance would "most likely" head for next resistance level (1.0970-6) which is my target area. So will be on the lookout for LONG (scalp) setups during intraday sessions. Sentiment data shows majority of...

GhosTrader_GT

GBPUSD Update: We could be heading for a 1.2860 - 1.2900 target as the overall PRICE OBJECTIVE for broadening wedge pattern is not met yet. 1.2800 first target achieved, I see a resemblance of the double bottom (trend continuation) pattern repeating itself. So I look forward to LONG (scalp) this pair at any opportunity that presents itself up to target area.

GhosTrader_GT Updated 

One of my favorite chart patterns. Pattern indicates a bullish and reversal setup. There has been 2 failed attempts to break out of the upper trend line. At the same time price rejecting the 1.2480 level with a nice hammer candlestick pattern. Strong confluence point (Resistance+trendline). A conservative approach would be for price to break trendline upto levels...

GhosTrader_GT Updated 

Trendline + S/R confluence. Price likely to consolidate around levels before resuming uptrend. I would take a long bet in the coming week or 2.

GhosTrader_GT Updated 

Cable Update. Don't know if we can get hold of 1.26800 -1.2700 level within the week. But rest assured pair is gearing up for for more momentum. Retracements are healthy.

GhosTrader_GT Updated 

Potential setup for USDCHF in the short-mid term with Price Objective and potential targets. I look forward to shorting (scalping) this pair to all 3 targets at any given opportunity in the coming week(s) as market structure looks very promising & coincides with fib levels. V- Pattern completed in the W1 TF. Pair could likely retrace to the 50% fib level. Will be...

GhosTrader_GT

GBPUSD on the LTF H4. More details in the previous post.

GhosTrader_GT Updated 

Update on the YEN. I believe in a few weeks Price would hit "main" upper channel (trend) line. Just bouncing off the dotted upper trend line. Will update as it makes progress.

GhosTrader_GT Updated 

As predicted and in response to R.Linda's post. Likely stop would be around 55k - 52k level. Wont be surprised if it drops to 48k area. But I should expect a bounce around that trend line short term.

GhosTrader_GT Updated 

Let's see what happens further on this level (lower trendline). Touched trendline and bounced off. Could mean a reversal in the looks with that doji candle.

GhosTrader_GT

Turn around for the EURUSD?? Broke above upper trend line +Diamond formation.

GhosTrader_GT

RIP YEN. "Could intervention be close"? 2% - 4% is still massive though.

GhosTrader_GT Updated 

With Price objective for Ascending channel achieved (previous post), in an uptrend and pair not far from major resistance, suddenly a potential H & S pattern is up with price objective (deep retracement to the upper channel trend line). In addition somewhat like a double bottom continuation too. Well could be a tricky one so I have 2 scenarios lined up. Price and...

GhosTrader_GT Updated 

Previous Post on EURUSD ZOOMED OUT. Intraday possible scenarios. Trend remains bearish in the short term.

GhosTrader_GT

"RISING WEDGE' GBPJPY vs 'FALLING WEDGE' YEN INDEX. Watching closely.

GhosTrader_GT

Price likely to consolidate (bounce off the .764 &.618 fib levels respectively) in the short term/intraday sessions. Bearish flag pattern in play. Bias still remains bearish.

GhosTrader_GT Updated 

I want to see a break and close below the recent support to confirm price is set for a downturn considering the bearish chart pattern with potential targets. Watching closely.