The price seems to be starting to form a bearish flag, it is still in its early stages, it should give us an idea within a couple of hours if the price is forming a bearish flag or not. The price had recently dropped a lot, this had cause the RSI to move into an area of being oversold. The price is currently in a period of consolidation, this would allow the RSI...
We see the formation and completion of this AB=CD harmonic pattern on the 4 hr chart. Price action has also reached a major resistance zone at the completion of this pattern. We are currently short and our strategy is valid as long as price closes below the yellow resistance zone. For this strategy we are targeting the green zones. FX:EURJPY
After last December's US economic uncertainties (US-China trade wars and US government shutdown), JPY played its role as the world's safehaven currency and rallied back to its mid 2017's levels. Since January this year we've been witnessing an indecision as to whether it'll continue its move downwards or pullback to its previous 130.000 levels on...
I got filled at 126.7 yesterday, but shorting at 126.65 is almost the same, reward to risk still pretty good.
I see reasons to retrace, but no reason no to. Everything feels so slow... This might take a while. Spreads are ok for such a target with this...
Shorting at market price - price has pinned the minor resistance and printed a sell signal (railroad track)
Selling at market price 126.485
SL above highs @ 126.905
TP lower down 2 support 125.123
See EURUSD trade idea to confirm correlation of EUR pairs and analysis
As usual don't bet the farm, good risk management won't kill you but the lack thereof could...
The Breakout Opportunities system has just bought EURJPY at 126.629. The system recommends entering this trade at any price between 126.526 and 126.812. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.747, suggesting that the EURJPY may have further to rise. A stop loss has been set at the...
Tom Hall Market Review #12 - Wednesday, 10 April 2019
U.S. Dollar / Swiss Franc
The USD.CHF Daily price action continues to decelerate at the 1.000 horizontal structure resistance.
Additional confluence factors consist of the 50.00% Fibonacci retracement and 50EMA.
The 4-hour timeframe continues to form bearish RSI divergence indicating early signs of an...
Tom Hall Market Review #11 - Tuesday, 09 April 2019
Euro / Swiss Franc - P/L +0.31%
The textbook bullish engulfing candle that developed at horizontal structure support after an exhausted run presented a long opportunity.
Trade Activated - Tuesday, 02 April 2019
The high-test reversal candle that developed on Friday wasn't a huge concern as my trailing stop loss...
Tom Hall Market Review #9 - Tuesday, 02 April 2019
Canadian Dollar / Swiss Franc
The Daily timeframe developed a triple top and ascending wedge formation at the 0.7620 horizontal structure resistance.
The 01, March 2019 acceleration caused price-action to collapse, breaching the ascending trendline support, 50EMA, and 200EMA.
A consolidation period developed...