BigRedBear

BigRedBear

SHIBA shows two reversal monthly candles. on the lower time frames we can see that there has been good side ways movement that looks similar to the sideways movement before previous bullish breakout. The time period of the sideways movement is similar to the sideways movement between the previous two swing highs. Based on historic price movement alone on this...

BigRedBear

I see an ascending triangle forming on CADJPY with a potential to capture about 600-700 pips if it breaks above the red box. Let me know what you think. Also if you agree with this analysis and have some fundamental reasons that support this idea please share it. Thanks

BigRedBear

Selling CJ Now

BigRedBear

Price on GBPCAD has recently bounced of a support from a strong support (purple line) and price is currently in a small channel which shows a great opportunity and good risk to reward to long and take profit at the top of the channel. If the channel breaks I might keep this trade open and trail my SL to get most profits. Let me know what you think in the comments below

BigRedBear

As we can see price on CADJPY has broken the channel it was going up in to the downside and then started to create this wedge we are looking at right now. I am biased to the short side for when there is a breakout of this wedge since price on this pair has seen a very strong move to the upside. I will short this pair to the previous support which is a good 150...

BigRedBear

Can see GA move up to resistance. This will form a 3 dive pattern and also make the right shoulder on daily. Furthermore we could see price move down to the daily support. What do ya'll think?

BigRedBear

Shorting CADJPY from current Resistance onto 84 area that has not been tested.... Possible to go down until 82 but lets see how this works out first. Comment what you think?

BigRedBear

Hi Guys, I'm learning chart patterns and wondered if this could be a perfect 3 drive pattern? And take the price to previous support of 1.37500? Please comment your thoughts down below. It will help me understand better. thank you!

BigRedBear

This is my view based on the price action. Please share your thoughts... Also please don't take this as trading advice, I am no expert and very high chance i am wrong.

BigRedBear

I am a learning trader, believe gold will soon correct itself and start going down. Do not follow my trades I am no expert. However let me know your views Please like