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EUR/USD on the 4 hour time frame is currently in a stalemate between a bullish Crab Pattern and a bearish Alternative Crab Pattern. Although the Euro is struggling due to political uncertainty, technically nonetheless there is still a possibility for a bullish sentiment, although very bleak at the moment. Currently EUR/USD is in a bearish channel as can be seen...

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A very promising bullish forecast for GBP/USD thanks to a bullish Wolfe Wave pattern. I personally prefer Wolfe Wave patterns slightly over harmonic patterns, not saying that one is better or more reliable than the other, but on large time frames Wolfe Wave's can be very profitable as they set up well for long term swing trades. But enough about my...

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I measured this pattern last week already, but I was too skeptical that it would work due to all the news and BoE statements. Now however, it looks promising, but price must close above the 10SMA again, as well as close above the weekly pivot point to have a secure entry for a long position. Especially when trading this pair, extra caution and patience are...

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Bearish forecast for USD/JPY. At the moment price is still struggling to make it up its mind which direction to go, at least in the short term, longer term from a technical perspective it is still to the downside. Price has been rejected 3 times at the 61.8% Fibonacci retracement level measured from 114.74 to 104.64, the weekly bearish engulfing candle from...

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Every month of June since 2014 has been a reverse to the down side for GBP/USD. The candle that closed this week seems to signal a reversal confirmation to this trend by having found support at the lows of June 2016, thus, indicating a bullish trend continuation. Further confirmation for a bullish reversal can be seen in the MACD divergence, as well as renewed...

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Long term analysis for EUR/USD. I hope that I will be able to explain the depicted 'chaos' on the chart in words for everyone to understand, if you have any questions let me know. Currently price is at 1.1655, this was a very significant level for price to close yesterday as its just above the bearish candle from 21.05.2018, hence, indicating that the 1.1550...

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Finally, a decent long opportunity for GBP/USD. A bullish Crab Pattern has emerged, however, there is still a chance of price dipping lower once more, especially with all the upcoming news as well as tomorrow's BoE interest rate decision. Nonetheless, technically at least a long opportunity is available, note also the bullish divergence on the MACD, which...

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Bearish AB=CD pattern for USD/JPY. Before entering a short trade please be patient and wait for the current 4 hour candle to close. Price may still reach the weekly R1 above, however, as long as price does not close above 111.08 the AB=CD pattern remains valid. Trade short 1 (RvR ratio 2:1) Entry: Close below 110.50 (or at market but only as long as price...

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Long term view of USD/JPY with a projected bearish sentiment in conjunction with a projected bearish Gartley pattern. Ever since the bearish 100 & 200SMA cross over last August, price has been unable to close above the 114.00 level and since then has dropped well below it. Now, price is struggling to close above the 111.00 level, and even if it managed to close...

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Bearish long term look for USD/JPY USD/JPY got rejected at a very significant level of Fibonacci confluence, namely the 38.2% retracement from 98.787 to 118.662 and the 61.8% retracement level from 114.737 to 104.641. If this weeks candle closes near to where it is now, a bearish trend continuation seems inevitable. The first trade opportunity presents itself...

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Now that the Fed data and interest rate decision is through, its time to look for some trade opportunities. On the 6 hour time frame I was able to draw the bearish Gartley Pattern. Looking at the RSI divergence and general overbought conditions, a retracement to the downside has presented itself. The week has almost ended, thus, it is probably wisest to trade...

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GBP/USD is currently in the process of going to test the 1.3300 level as support. As it is the 78.6% retracement from 1.3254 to 1.3473, a Gartley pattern setup seems viable. If price does not reverse at the 1.3300 level, then the next potential bullish reversal level would be the 1.3279 level, which is just above point C of the adjacent Bearish Bat Pattern, and...

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Two possible long term scenarios for GBP/USD. In the first scenario, price action would grind its way up to the 61.8% retracement level at 1.3929 (measured from 1.4377 to 1.3204). Once there a possible bearish 2618 trade could emerge and price would reach down to the 1.2849 level, which of course is the 61.8% retracement level from 1.1905 to 1.4377. (The...

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A bullish Shark Pattern for USD/JPY on the hourly time frame may seem indicative of a bullish trend continuation, but may also turn out to be a bull trap. Price action was very interesting for USD/JPY this past week. After price broke above the upper resistance trend line it rallied to the 110.00 level where it ultimately met a lot of resistance. From there...

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Gold remains difficult to predict as to which direction it will take. However, from a technical perspective there is still hope that gold will climb to the upside. Currently gold is still ranging, technically so due to the 200SMA running flat since March, 2017 and fundamentally probably due to rising interest rates and quasi political stability. Though...

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Despite some speculation that GBP/USD will crash lower on Monday, from a technical perspective those rumours might turn out to be false; thus, never speculate on rumours. Price made a very significant bullish reversal Friday afternoon at the 1.3355 level. The reason why this level is significant is due to the fact that it was the close of the candle that broke...

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Two patterns for GBP/USD, corrective bearish Bat and a projected bullish AB=CD pattern. Trade 1 short (RvR ratio 2.17) Entry: Close below 10SMA or at market S/L 1.3448 T/P: 1.3337 Trade 2 long (RvR ratio 5.4) Entry: Close above 1.3337 S/L: 1.3300 T/P 1: 1.3473 T/P 2: 1.3556 As always, scale out your profits and adjust your stop/loss to suit your personal risk...

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Short opportunity for USD/JPY. Inevitably with the DXY in free fall USD/JPY is also being dragged down. Whether this move down is merely a correction or a bearish trend continuation we will have to wait and see, for the moment at least it is bearish. There is also not much economic news relating to the USD left this week, thus, no immediate halt to the...