Price for USDCHF has recently broken out of the 10-Month wedge pattern it was in and made a steady increase afterwards. Price then retraced back to key structure levels at 0.979. Price is expected to break the 1.007 and very possibly the 1.02 and even eventually reach a measured goal of 1.173. The reason I say this is because of the height of the wedge pattern....
Price was largely ranged for the GBPUSD-1.09% for the better part of 2015. Then when price broke the ascending channel it was in, price took a huge drop shortly after retracing back up to the bottom of the channel. Price then broke through the 1.4565 handle (Support) low of 2015 and exposed the 1.4225 low of 2010. Price is now just a few pips away from breaking...
Perfect 2 Bar reversal/ bearish engulfing at key level 1.07250 Also at a swing high following down trend
I'm looking at two opportunities her eon the AUDCAD hourly chart 1) A Trend Continuation opportunity and 2) A bullish Cypher Pattern. Now of course you can combine the two, but when working with newer traders my advice is to pick and master a single strategy first, then add or start to combine later in your trading career. If you're new to following me this was a...
GARTLEY PATTERN PAIR: GBP/JPY TIME-FRAME: 1HR TRADE: BEARISH GARTLEY PATTERN IF = Price Action reaches D-Point of Completed Pattern THEN = Sell into TP1 and TP1 of the Completed Pattern NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart FACEBOOK: facebook.com ...
New with more colored- lines, I'm pretty sure next week got his "special moments" =) have a good one-
"Let's Keep it Simple Stupid!" This is what I tell my trading students and this simple statement will help you be successful trading long term. Let's take BTC/USD - movement has been incredibly volatile but we are now seeing a shift in that volatility in the past few months and will continue to see more steady patterns emerge. As more and more people and...
Expecting one more leg down, testing one of the two bear trend channel lines.
Bitcoin price printed a high of around $435.94 during the early hours of 2016. Despite the fact that the market’s bulls were successful in breaching the $431 level, which has been resisting advancement the past couple of days, price correction pulled the price down to a low of $427.17 a few hours after printing the day’s high. So, can we see bitcoin price rise to...
Counter Trend, but Strong Bull Bar on 240 Chart. Looking to Tighten stop as soon as possible. Not a lot of head room for profit.
It'll Go up, Then it Might Go Down. If it Reverses down to breakout, then Could be a Great Short. Market Inertia Would dictate that a Channel Up Will Continue For Longer.
I do not recommend the transaction against the trend , but in this situation to 08/25/2015 formed the price channel so you can take the lock deal on uncovered positions , or enter a smaller lots, the globally strategy, the best solution to miss the move up, and go from of 1.51 the estimated time after 01/01/2016, and it is better to do one-way transaction. I liked...
We have one possible short position on the BITSTAMP:BTCUSD 1. If price touches the red area, check if there is divergence on either MACD or stoch . If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double- bottom / top or w/m pattern forming on 4H or 1H . Will demonstrate those patterns when the time comes. If...