The price continues to hover around our previous Supplication area (see link below for reference purposes); The Euro has been unable to sustain its move to a new high following price inability to Break above the Y130.600 area. After culminating @ Y130.680, a Double Top pattern emerges with tendencies that support the beginning of a Corrective phase. We finally...
Currently, AudUsd is at the verge of creating a head and shoulder reversal chart pattern. At this point, it's not wise to hurry into a trade so what I'm going to do is that I'll wait for the price to break the neckline of the head and shoulders (give at least a daily close below the neckline). If the price will break the neckline of the head and shoulders pattern,...
Despite the GBP showing signs of weakness during last week trading session as it keeps rejecting the $1.4000 level and dipped as low as $1.3880; I continue to root for Bullish expectations for the Pound across her major pairs in the coming week(s). Even as the Greenback was in the driving seat in the markets on Friday - a result of higher US bond yields, I...
Price still moving between support and resistance area. we can expect price will drop one more time when it reach resistance area and complete bearish butterfly pattern. Sell when price complete the pattern
The Bearish trend that began in October 2020 appears to have found a bottom @ around CA$1.24500 as the pattern transpose into what looks like an Inverse Head and Shoulder - a very strong reversal pattern. My last publication on this pair still holds as I continue to look for Bullish expectations (see link below for reference purposes) following signs of positive...
Price move quite strong and we look for correction before price continue to go up higher. correction into grey area will be even better. we can get best price as price retesting structure support. buy on break corretion
Price retesting weekly resistance area, then reverses and breaks the trendline. RSI also shows a bearish divergent. However, the price is currently testing the support which is the neckline area of the potential head and shoulders pattern. From this level the price may react by bouncing back. We can sell when the price is testing the grey area which has the...
Price back to test the top once again. At this time price also retesting upper channel. And we have bearish divergent on Stochastic. we can expect some downside movement at least to the nearest support/yellow area
Price likely to reach support. we can expect price to complete bat pattern. we can try to catch this movement, find best entry when price make some pullback.
Following Downing street’s lockdown exit plan; the Pounds appears to have found a platform to rise against the Kiwi as confidence in the UK economy resumes! With over 300pips in our favour since my last publication on this channel (see link below for reference purposes), we might be on the verge of a very LONG rally in the coming week(s) as the price seems to...
Price coming to Weekly resistance, so we can expect some rejection from this level to get some sell setup. Price potentially create head and shoulders pattern on H4 Time Frame. for entry setup, price potentially retest structure area and complete bearish cypher pattern.
Price retesting resistance area and we are trying to find opportunities to sell. On stochastic, we see a bearish divergent which indicates a weakness. However, to jump into sell we need to wait for the price to break the trendline first. Only after that we look for a setup by waiting for the price to break a small correction or waiting for the potential right...
Despite the UK’s coronavirus pandemic situation... I still hold on to an overall Bullish perspective due to the reversal structure (the culmination of 127.2 ext Bearish run) cited on my Daily chart; I am of the opinion that price is at a juncture where the opportunity for a quick counter-trend trade is possible before the rally begins! Tendency: Short term...
With 200 pips in our favour since my last publication, it appears we are close to another trading opportunity should the pattern transpose into expectations. What appears to be a temporary Breakout of Y118.000 on the 15th Feb 2021 reveals that there is a strong presence to buying pressure around this area and could be a level to focus on in the nearest future for...
A simple structure appears to have finally presented a long term trading opportunity for me on the EURUSD! During the later part of last year, we experienced price making a final Breakout of Key level @ $1.19600 to make a new high as price rejects and find Support at this level (5th Feb 2021) with positive signs of good days for the Euro in the nearest future. As...
Price may crawling to the upside to complete these patterns : - ABCD - Butterfly Pattern - Cypher Pattern So we can wait the rejection in the cluster area to take a sell
Bagged 320pips in our direction before the rally began in my last speculation on this pair (see link below). Despite an overall Bullish perspective for the Euro, most of the new year has seen price hustling below CA$1.55400, a feat showing less confidence in the Euro. The unattractive net change in unemployment rate released last week mirrors a negative...
Price potentially bounce from S/R area. as we have some reasons : - Cypher Pattern - ABCD Pattern - Trendline - S/R area