Yesterday we were looking at the EURJPY & preparing ourselves for a potential Advanced Pattern completion down at the 120.30's level. That opportunity still exist, but EUR strength on the open has also created another potential trading opportunity the short side. As price action approaches a level of previous structure support now turned potential resistance,...
A simple structure trading opportunity here on the EURAUD. What I'm looking at is price action pulling back into a previous level of structure support & forming a double bottom with divergence on the RSI. If we rally the 2 levels that I'd predict price action to run towards would be the $1.40 even handle & $1.4050's level.
Hey traders what I'm looking at in this chart is a potential Bearish Trend Continuation Trading Opportunity on the AUDUSD. Price action has provided a little bullish relief after the Friday Job's report and as we get a retracement back into previous structure levels we're offered an entry opportunity for anyone looking to get involved in a bearish move. If you...
Here's something one of our traders found yesterday in the live trading room. It's a potential bullish Cypher formation on Gold. If you continue to scroll the chart left you'll see that the completion and retracement level as a whole comes at a pretty decent level of previous structure support & resistance as well. (Wish i had a cool name for this but I call it a...
After breaking down from a 2 month consolidation. The EURJPY is now returning to the level that at one point proved to be a significant level of support. After the violation we are now looking for this previous level of structure to potentially flip and act as resistance, offering a bearish trading opportunity with a very positive risk reward. On the right of the...
Well if you've been following my daily trading blog then you know that I've been on a pretty good streak as of late. Funny how that goes hand in hand with me NOT posting to Tradingview for a week. of course that means that I've probably jinxed this trading opportunity..oh well too late now. Similar to the AUDUSD, GBPUSD, NZDUSD & Silver trades that we've been...
Happy Friday traders! Great to see everyone survive another week in these wild wild markets! Last night we were looking for a potential bullish 2618 trade to occur here on the USDJPY as a more conservative approach for those looking to get long. If we get a completion, it would also represent the "C" leg of a potential advanced gartley formation providing...
Simple analysis for today's share. The EURUSD has a bullish Bat formation that has completed at 1.0523. Let's see if we can take advantage of a quick relief
Here's the chart of the trade that we went over in today's Forex market Preview video. If you didn't see it, make sure you get over to youtube & do so, but what we're looking at is a double 2618 opportunity. The bigger potential 2618 is located on the daily timeframe while the smaller one exist on the 4 hour. This chart is of the hourly timeframe where we took...
Dollar weakness in the markets have driven us down over 300 pips before finally looking as if we may see some relief. If you "look left" on this chart you'll see that current price action has made it's way down to an inside level of potential structure support which may also end up being the right shoulder in a potential head & shoulders pattern. I
First & foremost I want to wish you all a happy new year! If you had a successful 2016 I wish you the same & if you didn't then I hope that you did what was needed to change that in 2017. As I wipe the rust off of my eyes & remember had to look at these price chart thingys a pair that is on my radar is the USDJPY as price is making it's way to a decision point....
Not too much on the radar today, but I was able to stumble across an at market short opportunity as I made it to the end of my trading portfolio this morning. What we have here is 2 Advanced Pattern Formations completing at essentially the same price (7265 v 7268). This year I'll be continuing to release The Trading Blog in video format if you want to follow my...
Here's a look at the trade discussed in this week's Forex Market Preview video. It's a deep bullish gartley completion which offers an excellent risk to reward. I hope you guys enjoy the lesson on Money Management and I'll see you in 2017!!!
Here's a look at the potential bullish Cypher formation discussed in this week's Forex Market Preview video
Here's a look at the chart we reviewed in this week's Forex Market Preview video. Once again, this is a great example of how the simple forms of analysis, when done correctly and in the right order can produce some of the "fancy" stuff that everyone seems to rush into. If you're unclear of what that means, what the video titled "Putting It All Together for Long...
Hey traders, looking at the GBPAUD here for a potential bullish advanced bat formation. In very similar fashion to the EURJPY trade from a few days ago, this started off as a simple look at the market putting in equal measured moves combined with fibonacci ratio confluence & then morphed into a potential advanced pattern formation as I looked a little closer. The...
Looking for a simple trend continuation trade here on gold as the market consolidates in it's latest pullback. The "Initial Killzone" that i drew out is a combination of the two bigger killzones that I've identified combined with levels of Fibonacci ratio confluence. If you were to zoom out to the daily chart you'll also notice a previous level of structure...
Silver is setting up a potential head & shoulders pattern here on the 4 hour timeframe. I tend to group this type of simple pattern into the "trend continuation" category since That's how I prefer to trade them, waiting for the break & retest of previous structure. Not too much room for expansion seeing how the trend is opposite to this pattern, but I do think we...