BEEN IN CONSOLIDATION FOR SOME TIME , NOW FOR THE NEXT IMPULSE UP
We are looking at these box levels for breakouts of either side, good luck
Today we have CAD Interest Rate Decision, We might put in an EO for a sell if it fits our rules. “The policy statement should read similar to October as the outlook for growth and inflation remains consistent to that outlined in the October MPR while uncertainty remains unresolved. We look for an overall tone of cautious optimism.” “The Bank may make dovish...
Its simple guys, we have symmetrical triangle pattern in GBPUSD and I have overlayed with Elliott wave count ( if you aren't comfortable with waves skip that part, no issues ). Even then we are in Bearish tone, so I expect the triangle to break to downside. Moreover in GBPUSD we have hourly resistance zone around 1.2380's , so even if upside break happens it may...
We have broken out of downtrend structure on GBP/JPY Im expecting simple ABCD patter to 128.500 as we retraced to the 78.6 fib level Multiple structure breaks and higher lows/ higher highs as moving averages are pointed to the upside. Happy Trading and Thanks in advanced!!!!
Continuation from previous post, and adopting @pipizer feedback in the comments: 1. The past few days has saw a drop in the price mainly due to reports on OPEC output in October reached an all-time high. This lead to a further decrease which finally complete the Cypher Pattern. 2. A reversal candle (hammer) was formed the following day (14 Nov) with a long tail...
Similar pattern to the JDST Necklace pattern
My first trading idea, here to learn from the experts, please give feedback on this idea. Several Signals I have identified: 1. Cypher Pattern has confirmed potential reversal zone 2. A support level at 45.48 area is forming 3. Still in an long term upward trend 4. Catalyst moving it up would rely on upcoming OPEC deal on production cut What to do now? Wait for...
I love to share this trade, if it breaks the line that i made i wait for a correction then i buy for a long trend bullish.
This week we should keep an eye on the XAUUSD it may break the wedge and we can take out a small profit for sure :)
Nice cup and handle with bull div and flat ichi cloud price magnet entry from 1950-2050 good imo, should hit target within days. I also feel target at 4100 area is safe as 4200 was good support should be headed for target within days
Eurgbp is consolidating from last week and I expect the breakout to be wild one. I don't rule out the possibility of false breakout, bcos people will get excited, price moves up & euphoria settles down comes back hits our stops and market moves to other direction. In triangles always wisely place your stops ( figure out a better way to manage risk n reward ) , so...
Long term talking I see NzdCad going down, it had several opportunities to break up that 3rd channel it just seems to prefer the bearish way.
The alert on short for USDCAD from early this week is doing very well! It's now entered the green triangle zone for the breakout where I expected it to journey towards. If you are just entering now, make sure to get a prime good entry and if you are in it, have a stop loss in profit!
Strong engulfing at support zone. Good luck.
Based on the technical analysis, a negative breakout is on its way, at least tested somewhere around October 10-13. The high volatility of Gold makes me doubt a little, and also making such forecast ahead of a NFP report is tentative for the newbie I am. However, recently the market reacts less to the real numbers than to data the exceeds expectations. I don't...
watching forward to nov 2016 i am expecting a breakthrough the trend line.