A good resistance is displayed. Wiating for good pips to go in.
Waiting for a break of countertrendline before entering Target @ 1.66
Break of Monthly Consolidation Retested on Lower TF Bullish Engulfing Weekly Candle TP @ 0.85 Quarter Point Confluence w/ 38.2 FibLevel
We saw a break of our countertrendline to the downside Anticipating this will be a slight pull back for a continuation of the bullish momentum Will be monitoring Price Action at the 1.685 Monthly Candle closed extremely bullish and we could possibly see a break out of Monthly consolidation This new month Next upside target @ 1.725
Watch for breakout, price has potential for a big drop after maxing out at resistance level 134.400 area. A potential reverse of trend on the cards as price made a strong bearish move to the downside after rejecting resistance multiple times. Good setup here, wait for the breakout!! Trade with care
Hey Traders! I hope you had a great end of the trading week, month & quarter. Regardless of your results it's time to wipe those memories clean & get focused on the now as we get into the final stretch of our 2017 trading year. This idea is better explained in my recent video, but what I'm looking at is the potential end to the Euro's year long bullish trend. As...
I've tried to keep this as clean as possible but, there's so much going on in this chart so please bear with me. Price action on EURUSD has come into a previously identified support level anticipated to be a rally point following the break down below the neckline of an H&S identified on the Daily Charts (not shown/addressed here). This support level was...
Stock is currently on an uptrend looking at the weekly chart. Price has recently reached an important level of resistance on the weekly chart, formed a double top and reversed. It looks like a little correction. It is possible to take advantage on this move towards previous level of support by trading simple pattern, in this case, pennant formation. Entry at...
Hey Traders, we have a Weekly/Daily Bearish Cypher Pattern on Silver, coming in at a previous level of structure resistance. Gold & Silver have had a nice run up and I believe this run will continue however nothing goes up in a straight line and if it does, it is an unsustainable move. With that said, I am seeing a healthy uptrend in regards to the metals & the...
Hey Traders, Gold recently made a meaningful move higher & I expect this uptrend to continue however, as we know, nothing goes up in a straight line & if it does, it is most likely not a sustainable trend. I do not recommend taking a counter trend trade unless you have a specific strategy and trade plan that has been thoroughly back tested. I am currently holding...
So the market failed to make a higher high on this major uptrend and after that we got a pretty big bearish candle.That show bearish momentum so the support level may not hold and break ..so look for sell the retracement after the break out
Despite being in a strong trend downwards, exhaustion emplies it is due for a small correction to the upside, potentially as far as back 1.250 before continuing down to below 1.200 Look for break and retest of the yellow CTL level to enter long for COUNTER TREND trade. PROCEED WITH CAUTION
Shorting FX_IDC:XAUUSD till major support line at 1307. After a breakout of CTL, which has been running since 25th August we can see shorting positions coming into play. You can also see the 9 Day EMA has risen above the latest bar therefore showing bearish momentum. Happy Shorting ;)
Although GJ is in downtrend we are in a major support area. At the moment i'll wait to buy a dip as describe on the chart. First target will be the upper channel and second target will be 142 area . If price will go the 142 area it should be easy trailing position there. The best scenario for me is entering using 1H time frame with clear reversal pattern. Best...
The overall trend is bearish but looking for a bullish opportunity here back up into some previous structure where other traders might be looking to get short again. We have several tests of the lower levels here, and have been consolidating a bit in a rectangular channel which we seem to have recently broken out of. Would be looking for an entry reason around...
Hi guys, after a week of relax, i'm back to the charts today (it's good to take some rest from time to time). As usual i look for important level of structure and then i lower my timeframe in search for a reversal pattern. In this case on EURGBP we're up to a previous daily structure, and right there price has created a nice engulfing kicker that makes me think...
It might very well be that Price will retrace after this recent impulsive Swing-Breakout. But... there is a more significant Swing-High Resistence waiting above + the RRR will be much better. Knowing that ABCD like movements often set up exactly like this: 1. Impulsive move "though" Highs/Lows 2. Some wedge or triangle consolidation 3. Another impulsive move for...
Full analyses on the chart Leave a comment for any questions