Weekly Chart Symmetrical Triangle Bullish Momentum Bullish Trend Reversal (Starting 05/26) Daily Chart Slanted Roof Pattern (Similar to Diamond Pattern) RSI/SMI (Slightly Bullish Divergence) 14EMA: 186.14 (Bullish Over this Level) Loss of Bearish Momentum 4hr Chart Descending Triangle inside Symmetrical Triangle Double Bottom at Dynamic Support Bullish MACD...
Practicing my Candle reading tonight and learned about and, now, spotted a distinct "Rising Three Method" pattern. The Bull Party party rages on! Prez lives another day.
Weekly Chart Deliberation Pattern Bullish Momentum Vertical Run Up (with Flag Tilt Pattern) Daily Chart Bullish Channel Closing White Marubozu (From Norther Doji) Bullish Continuation Bullish Momentum Pulls back to 14EMA bounces (repeating) 4hr Chart Bullish Channel Bullish Momentum Diving Board Pattern Nearly identical setup as we had on June 8th-9th...
Hey Traders! NEW week, NEW opportunities! This setup is one of my favourite for this week. We can see the Daily Trendline has just been broken and a descending trendline has just begun to form. I am looking for the following confluences before I will enter: 1) a touch on the previous level of structure highlighted in pink, 2) a retest off of both trendlines, 3) a...
Weekly Chart White Spinning Top Possible Morning Doji Star Reversal Symmetrical Triangle (Bearish Under 32.58) Daily Chart Symmetrical Triangle (Wide Swings) Bearish Momentum (Candlesticks Weak) Bullish Divergence RSI Consolidating since 06/11 2 Gap Fills 37.58 & 35.89 4hr Chart Falling Wedge Bullish Momentum Bullish Divergence Compressing as we get closer...
Weekly Chart White Spinning Top Possible Morning Doji Star Reversal Symmetrical Triangle (Bearish Under 32.58) Daily Chart Symmetrical Triangle (Wide Swings) Bearish Momentum (Candlesticks Weak) Bullish Divergence RSI Consolidating since 06/11 2 Gap Fills 37.58 & 35.89 4hr Chart Falling Wedge Bullish Momentum Bullish Divergence Compressing as we get...
We've just created a pretty nice candlestick reversal pattern here on the EURUSD called a 3 Bar Reversal (or at least that's what we call it over at Tier One). Anyway, what's nice about this pattern in particular is the length of the wick that each candle made towards the upside before ultimately being rejected and closing lower. In a perfect world I;d olive to...
USDJPY is a quiet pair, the red box indicate the level of the selling opportunity I am waiting for. Remember, when market consolidate it has potential on a harmonic patterns setup. You just need to be patient and wait for the trading opportunity.
Waiting for a counter-trend trading opportunity on this bullish bat set-up. A candle confirmation is required before I will head in for trade. The strong bearish movement shouldn't be treated lightly. There is a lot of trading development opportunity on this pair.
A bearish channel a level that trend traders can look for a shorting opportunity at the tip of it and counter-trend traders can look for a buying opportunity at the bottom of it. Candle confirmation on this trade is important, and this will be an add on to the existing trade I had on the Head and Shoulders(link at the bottom) which I've shorted it based on the...
Over the last 2 weeks Bitcoin has shown its face in an interesting way. The bullish rocket that tapped 10500 and immediately corrected to 9100 broke out of a solidified channel that began in early May. This "false breakout" is a bearish sign, as the bulls failed to hold the price up. Since then Bitcoin has ranged a few hundred dollars at a time, before breaking to...
Symmetrical Triangle + Ascending Triangle + Bullish Momentum + Time Frame Confluence + Volume Spike + Fib Golden Zone Drawing the trend line from candle closes we have already broken out based on volume
Diving Board Pattern + 3 White Soldiers + Bullish Momentum (I will add Multi Time Frame Analysis this weekend)
Triangle formation at 1D time frame. It is resisted three times to the long side along the trendline. It also supported two times the second time with a hammer at the bottom. I could possibly continue up to the bull side if we get one or preferably two more confirmations to enter. It could also retest and continue down to the main upward trendline, but again we...
A Type2 Bearish Gartley Pattern, any takers? If the next candle is a bearish engulfing I'll engage on a retest.
Possible downtrend for EURNZD, waiting for retest to be complete and rejection/reversal to be confirmed.
Ascending Triangle + Bullish Rectangle + Time Frame Confluence + Outside Bar + Bullish Momentum
This is not the typical head and shoulders trade I'll engage but the filter it's pretty good, Will observe how this candle close and will decide this trade in a moments time.