EURJPY was the simplest of the bunch this week as all we have is a potential bullish bat formation setting up on the 4hr/1hr. Overall i still have a bullish continaution bias on this pair as well. Akil
Right now it looks like price action is forming a triangle pattern/wedge. I'll wait to see if price reaches the previews lows and look to buy long for 200+ for the week on this pair. My bias this week is LONG. If price breaks out and passes preview high I'll wait to see were price will top out at. FXT :)
As we are one day before the SEGWITx2 / UASF upgrade, the chart becomes clearer and over the next day or so, we should see the completion of what seems to be a triangle forming. A possible Bullish Gartley could also be confirmed if price action reaches the confirmation area. Either way, the trend is definitely BULLISH and there is no sign the trend is about to...
look for buy oh the right shoulder.
will take short position if price break the neckline..
We had a very active advanced pattern trading day yesterday taking opportunities on the $USDJPY (Short) $NZDUSD (Long) $USDCAD (Short & $AUDCAD (Long). Today one of the trades on my radar is this potential bullish gartley formation on the $AUDUSD Akil Stokes
Possible rebound from the neckline followed by a reversal and breakout from the neckline. Wait for the necking breakout or scalp along the pattern. Keep in mind Its not a simple head and shoulders though. Here is the link for pattern for more info thepatternsite.com
Hi Traders , this is my long term analysis on USDJPY chart, it is just my view of the patterns that these waves could form and remember that "The Markets surprise, always" Right now there is an high probability that the USDJPY chart could create a similar structure like EURJPY chart if we start from the impulse of Novembrer 2016, we can assume that the chart is...
Full analyses on the chart Leave a comment for any questions
last week we fired off a long opportunity here on the GBPUSD at the 1.3060's level looking to capture initial profits at a retest of the previous structure highs. Now that we've reached those highs, the market is going to offer us another "decision point" A break above close above at this decision point would tell me to expect another extension higher where...
Big Picture D1 and H4 Chart long 1.1700 Good level for an complex retracement. Trade YOUR plan.
I'm not an oil trader, but i recently got a question about this chart and well...why not share it!. What you're looking at is called a Bat Formation. If this potential advanced pattern were to complete, we would expect a bearish move after price reaches the upper killzone which is suggested by the purple box. Akil
IPI FLAG PATTERN BREAKOUT:2.50 TARGET: 3.04 (+22%) POSITVE MANSFIELD SECTOR POSITVE MANSFIELD.
if price pullback and making right shoulder, short position will be very good opportunity
Gold/US Dollar is another pair that has broken a significant level of structure today completing a Head & Shoulders pattern by breaking the neck line. For me all signs point towards a move higher and there looks to be a lot of opportunity. Like the other pairs discussed today, I like to buy on dips, so a pullback to or into the neckline/right shoulder is the...
It is quite evident that FASTBRICK ROBOTICS LTD (ASX:FBR) has broken out of a Wedge and is continuing on a BULLISH trend, not only due to technicals, but also due to the recent announcement of an agreement with CATERPILLAR (NYSE:CAT), to Provide services to Caterpillar's construction customers. The global addressable market is now estimated to be $100 ~ $200...
Continuing on from my initial analysis here: It seems that we have almost confirmed the head-and-shoulders pattern and it is possible we are in view of the start of an Elliot wave 1, 2 and now going onto Wave 3, on the 4 Hour and Daily charts. TDI shows bands are widening with the close still mid way between middle of band and upper band, thus suggesting possible...