In this video we highlight a pending bullish gartley harmonic pattern which may complete at a key support level created by active slope trendline into the structure. Feel free to like, comment and share your thoughts, John
Price has rallied and reached the sliding parallel of the median line which previously has acted as both support and resistance . Most likely price will start a correction at this level and may give us a very nice sell opportunity. Entry: 1.19210 Stoploss: 1.19382 Profit targets: 1.18857, 1.18570 In case price reached the first target, we move stoploss at...
Price is about to complete a bearish gartley and a bearish cypher pattern at a key resistance zone. In this video I highlight the sell zone and draw the patterns you may trade. Feel free to like, comment and share your thoughts! Trade with care, John
In this video I highlight a key support level with a ton of confluence. In case you see price retracing in that zone, keep a closer eye for a buy setup completion. It will be a high probability one!
Dash is climbing and we have no reason to try anything other than buying. In this video I highlight the breakout of a bullish flag pattern which may push price higher. Feel free to like, comment and share your thoughts. Trade with care, John
Looking at the higher timeframes what we may see is that the downtrend is showing signs of weakness with support levels stepping up. In addition to that, we see a bullish divergence in RSI another tell the downtrend is losing its momentum. From structure, we draw an upsloping median line set with a valid slope and we already have the sliding parallel below the...
Almost in the same concept with my USDJPY andlysis (link below), price in EURJPY is developing a H&S pattern and my focus is on joing a sell trade at the highest level possible. Swithing to the 240min chart we see a downsloping median line set where the upper quartile has acted twice as resistance. In case price reaches it start watching for a sell setup...
Price broke below the corrective structure it was moving into, after founding very good resistance at the sliding parallel of the descending channel. Going short in case of a pullback and restest at the sliding parallel is what I tend to do. Setup: Sell Entry level: 1.16305 Stop-loss: 1.16908 Profit target: 1.15026 Risk/Reward: 2.15:1 Total account...
Price has broken down, and gone back into the down ward sloping pink fork. Look to see if price can break 2450 and continue, and provide a retest of support as resistance. If not, we could see 2450 act as support again, and have new buyers try to come in and push price higher.
Price has come up to try to test prior resistance near 2454. Look to see if price will hold resistance there and continue to drop. If we continue to rise look for 2460 and warning line 1 to act as resistance.
Price has dropped down from 2450, and is now resting on possible support near 2440. I have drawn in the channel that we are in within the fork, so look to see if price will continue down possible for another move. 2440 is possible heavy support, so if we break down below 2440 and 2416 look for a possible break and retest of the middle median line.
I think this is an interesting level to go short on FTSE100, however for a confirmation we have to wait for the break of the low at 7096.
Price has gone up to hit the back of the sliding parallel and is come back don to the 2439 area. Look to see if price will stop there as support.
Looking at the hourly chart of LTCUSD we may see that we are in an uptrend. Price is now retracing to the slideing parallel of the median line. Going long when it reaches it is what I am planning to do. Sl and tp as shown in the chart.
Price hit the upper median line again and dropped sharply to the middle median line again as I had mentioned as a strong possibility if we could not get above 2477. Look to see if price holds here at the middle median line as support. If price breaks through here, price willl continue to the pink lower median line. I think price should come up to at least 2440...
Price has fallen hard yesterday out of the fork and continued lower. Look for the 2400 area to be tested as support soon.
Price broke down after hitting 2474 area as well as warning line 1. We are now under the lower pink median line, and showing frequency to the downside. After such a large move to the downside, look for price to retrace a bit up maybe to 2439 area to test resistance there. Price has dropped, as I had mentioned in my previous posts to look for.
Price has hit the warning line 1 and is breaking down and flowing with the angle of the fork. Look to see if price can break 2463 hard and retest as resistance. Price may fall back into the fork, and then show another move back to the middle median line.