- Weekly (Bearish) : Weekly level broken with 8/21 MA Crossover Bearish - Daily (Bearish) : Bearish Engulfing Candle Rejection off of 21 MA - 2hr (Entry) : Counter Trend Line break with 8/21 MA Crossover, Double top divergence EP: 71.657 SL: 72.303 TP1: 71.000 TP2: 70.656 TP3: 69.650 (Next Weekly Level) www.pipkingsfx.com
Shorting based on on using the linear regression channel to establish value for money. The price was overbought on the daily and H4 (i.e. interacting with the upper linear regression channel). The previous two days candle have been toppy and interacted with previous support and resistance areas. This adds weight to the decision to short, as well as a reference...
Just a quick analysis from me about EURUSD, hope you guys enjoy it.
A short demo that demonstrates a work of the Double Bottom Pattern Indentifier with default settings.
Goldman Sachs has stumbled and now there is much debate out there about what next to do. As usual some are shouting "enter long now", whilst others are saying "stay out" etc. For me, it's very simple i.e. I just need to wait on a favourable time frame, somewhere between 2 - 6 hourly if I'm to go north. It's difficult to go short as there could be a rebellion of...
A look at how to trade the market when it's in consolidation, but using multiple trading techniques & putting them together to build a case for entry. Akil
This clip shares how to use yesterdays high level as a key resistance in M15 time frame of EURUSD graph. Double Tops or M pattern often form at yesterdays's high level.
Gold Double Demand Area - Price bouncing off 2 extremely long term area's of Demand on Horizontal & Diagonal Plain's, Very simple, look for a little more Bullish Price Action before positioning yourself for a potential long term hold.
AUDUSD performed a false break from the .7600 level on Friday. While this was a good bullish trend and perhaps a sign that price will continue it's rise, it simply wasn't strong enough for me to take a position. If price drops back below near term support and forms a double bottom with a sharp recovery then I will re-evaluate and most likely take a long position...
The patience, discipline and accurate technical analysis has finally paid off in a big way. For those of you who were on the right side of the market with me, congratulations. After more than a week of consolidating and multiple bearish signals on the hourly, daily and weekly charts, price has finally broken out of it's range in a very bullish manner. Some of...
In this video I cover a few of the price action patterns that formed last week which became quality trade setups themselves. I also take a look at the most current price action and what it is telling me about where the market may be heading this coming week. I only cover a handful of the patterns as there are many other patterns at play such as rising triangles...
We have had the breakdown out of the ascending channel, like I predicted in the last video. Now, since that has happened we have another opportunity to get involved on the breakdown using a 2618 setup. Plus we can look to trade this down on a stop and reverse at our major level between 7440 and 7200. So Phase 1 has played out like I predicted. Let us see if...
Well we have a few different indications showing that we might have some potential upside in the future for Bitcoin. After violating the downward trend line, putting in a couple different Stochastic Bull setups, we know also have a potential bullish 2618 setting up at a major decision point here on Bitcoin. In this video, I walk you through all of it. Check out...
NZDUSD look Buy in a long term and Sell in a short term USDCAD looks Buy in a short term and Sell in a long term
USDCAD with 2 potential Buy opportunities. Scenario 1 is based on Double Bottom pattern Scenario 2 is based on Bullish Cypher pattern
Currently I've analyzed 4 potential scenarios on this pair. I believe at least one of these scenarios will play out