A lot happening with GPB today. Our RSI reversal strategy has presented a long trade on GBPAUD. This is a new strategy script we are trialling at the moment. Last trade included on the chart to show how this works. New trade details are shown on the chart and we are working the 15M time frame. Take profit is the green line. Pink line is stop loss. Trade...
Due to the top-tier events in the UK and the EU (BOE Rate Decision and German Services Numbers), the EURGBP pair is likely to register the biggest price swings this week. Its price action has already started to appreciate in a new upswing. Following the successful breakout above the Falling Wedge pattern, the EURGBP went on to consolidate above the 100-day MA...
Super is one to watch. Double bottom on the daily with bullish divergence on the smaller time frames
The GBPUSD Pair has tested support 3 times which might trigger a reversal in fortunes. bearish continuation or bullish reversal?
A total of 300pips move in our direction since my last publication on this pair (150pips move twice from Supply zone - see link below for reference purposes) and It is interesting how the Key level @ Fr1.27000 transposes into a major determinant of price action since February 2021 (check weekly/daily chart) as a Break above/below of this level incited a trend...
Commodity markets struggle to rebound, but the Canadian dollar remained under strong pressure even at the latter part of last week trading session. The appearance of a Double Top structure ( a strong reversal pattern) on the chart confirms that the price has found a peak @ Fr0.75000 and has since the beginning of May 2021 continue to find lower lows which...
-Possible Inverse Head & Shoulders on the Daily chart. -One big wick during the first big drop is out of the context making this possibly invalid.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE BITCOIN / U.S DOLLAR FROM THE 4 HOURLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE SPX 500 INDEX FROM THE 4 HOURLY CHART. The index is currently at a significant resistance level, will be watching price for reversal patterns and or breakout patterns. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON &...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE S&P 500 FROM THE 4 HOURLY CHART. The S&P500 is currently trading in an ascending triangle looking for a break below of this structure to see the bears taking control of this index couple of confirmations should come into play before this is...
We were unable to open a Bearish position in my last publication on this pair as the price continued to find a higher level ( see link below for reference purposes) but the current structure transposing into a Head & Shoulder - a strong reversal pattern suggests that the bears might lead to further decrease in price in the meantime. Tendency: Downtrend...
It's over 300pips run in our direction since my last publication on this pair (see link below for reference purposes) and it appears another trading opportunity is unfolding as we await the completion of a reversal setup after multiple rejections of the Supply zone @ $1.42250 area in the last 25 days. The Pound edged lower during the Friday trading session but...
We are yet to find an avenue for Bearish confirmation since my last publication on this pair as the price continues to find a higher high (see link below for reference purposes). Continuous rejection of the $1.22500 level since mid-May 2021 is a clue pointing at the possibility of a bearish momentum building up at this juncture in the market. The prospect of...
Tesla's shares are currently consolidating above the 38.2 per cent Fibonacci retracement level at 581.75. Given the expectations of the Elliott Wave Theory, the price action could establish another upswing towards the descending trend line (in red). This would represent the second retracement leg (3-4) of the broader pattern. A potential reversal from the...
An update on my previous post .. I Realised afterwards that the STB and spring kind of merged on the 30min chart .. Therefore STB became STB+Spring and what i thought was gonna be Spring became TEST so i lost on that trade. But i saw an opportunity for a long position as SOS was forming at the top after i got stopped out. Therefore All i had to do is wait for...