What's up everyone, here we have AUD/NZD on the 1h chart with a very distinct ascending channel. Price has been trading within this area since February 2017 testing both support and resistance various times, with no sign of a clear breakout. The purpose of this post is to highlight the key price structure within the market... Refer to this chart whether you're...
There are some amazing setups forming on the charts, here we have GBP/CAD on the 4h chart with a bearish gartley. This is an excellent opportunity with over 1:2 risk to reward! The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786 If you want more trading inspiration be sure to...
Interesting setup on the 4h chart for GBP/JPY with a potential breakout, price is currently trading within a descending triangle and is approaching breaking point... Keep an eye on price action around 138.550 for any indications of a false breakout. We can expect price to continue lower into the zone between 138.550 and 136.450. OR Break out of this area and...
Hello traders, just an update on AUD/USD 0.10% with a bearish shark pattern on the 1h chart. Price has now reached resistance at the D point, I'm expecting price to sell-off from the current level. The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 This pattern could potentially turn into a...
Interesting setup on the daily chart for EUR/AUD with a potential breakout, price is currently trading within a descending triangle and is approaching breaking point... Keep an eye on price action around 1.43000 for any indications of a false breakout and opportunity to short. I'm currently long on this pair from 1.38800 (check out my analysis by clicking the...
Following up from my prediction over 2 months ago (chart shown below), I'm almost ready to sell AUD/JPY. Since predicting the bearish bat pattern price has reached 88.176, 50 pips off the potential reversal zone. I'm expecting one last push up to 88.600 to complete the pattern before going short! Please feel free to leave your opinion below.
Following up from my previous post when the U.S Dollar returned back into a very important ascending channel (chart is shown below). Price has now bounced off the trendline and returned back to its original support level. As shown price has now formed a valid head and shoulders pattern and the neckline forms on a crucial level of daily of support! If you have...
Wow this is huge! Today we have USD/JPY on the 1h chart with a perfect bearish 5-0 pattern, I'm absolutely loving the look of this setup already! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 I consider this pattern to be perfect as both B and C points come in a 1.618. I'll be trading this pattern in a...
Here we have another 5-0 pattern but this time on the 4h timeframe with USOIL. Price is currently completing the C point at the minimum 1.618 but it could drop further to 2.24 before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Feel free to connect with me on social media :)
Following up from my prediction over 2 months ago with XAU/USD which resulted in a move from $1249 to $1198 (chart shown below), I'm now looking to get back in to continue the move lower. Price has hit in between the 50% and 61.8% retracement, exactly where the D point of the bearish bat pattern has formed. The measurements for a valid bat pattern are detailed...
I'm back with another 5-0 pattern but this time on the 1h timeframe with EUR/AUD. This pattern has fully complete and I'll be ready to enter this week coming, the 50% retracement is a solid support level providing us with an excellent entry point. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 I hope you...
There are some amazing setups forming on the charts, here we have EUR/USD on the 4h chart with an inverted head and shoulders pattern. The right shoulder formed at the 0.618 retracement which is excellent as the pattern as a whole generally holds a better structure in this situation. The neckline is bang on a key resistance level, closing above this would...
What's up everyone, here we have AUD/CHF on the daily chart with a very distinct ascending channel. Price has been trading within this area since May/June 2016 testing both support and resistance various times, with no sign of a clear breakout. I'm expecting this channel to break down in the near future. Keep an eye on this price structure for going long or...
We're looking at another cypher pattern but this time on the 1h chart with USD/CHF, this is an excellent long opportunity with 1:2 risk to reward... Don't miss out on this one! The D point forms at a major level of daily support, I'm expecting price to stall out on this level. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 -...
Interesting setup on the daily chart for USOIL with a potential breakout, we have just broken out of an ascending triangle (chart shown below) and price has now hit the 0.618 retracement level right on the trendline. I'm expecting a pullback before price breaks this level and continues the move lower. Please feel free to leave your opinion below.
We're looking at another cypher pattern but this time on the 4h chart with XAU/USD, this is an excellent long opportunity with 1:2 risk to reward... Don't miss out on this one! The D point forms at a major level of support, I'm expecting price to stall out on this level... This could be a pullback before continuing the bigger picture. The measurements for a...
Hello traders, it appears EUR/JPY is also forming a 5-0 pattern on the 4h chart. This is an excellent opportunity with a potential 250+ pip return! Price is currently completing the C leg with the minimum 1.618 level shown but it could push up further to complete at 2.24 before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed...
I'm back with another 5-0 pattern but this time on the 4h timeframe with CHF/JPY. Price is currently completing the C leg with the minimum 1.618 level shown but it could push up further to complete at 2.24 before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Feel free to...