GhosTrader_GT

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.

GhosTrader_GT Updated 

The pound tanking, I see a potential short - mid term gains for the EURGBP upto 0.8630/0.8640 - 0.8650. I expect to see some sort of retracement before sailing to targets 0.8630-40 in the short term. So on the look out for pullbacks during intra-day sessions.

GhosTrader_GT Updated 

Pair looks likely to continue downtrend considering the bearish chart pattern with potential targets at next support levels. Price pierced through the .618fib and maybe little retracement back to the .618fib resistance(confluence) before continuing its downtrend.

GhosTrader_GT

LIGHT AT THE END OF THE TUNNEL FOR THE YEN? With lots of news on intervention, could this be a turning point for the yen in the coming week, month? Some bet on the yen strengthening next week for me.