BitterSweetMarkets

PRO
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About me Knowledge, Strategy, Rules, Discipline...'It's that simple' ; )
Joined
Markets Allocation
57 % forex 21 % stocks 5 % indices 17 % other
Top Mentioned Symbols
GOLD 5% | 5 GBPUSD 4% | 4 USDJPY 4% | 4 EURGBP 4% | 4
BitterSweetMarkets BitterSweetMarkets PRO LOOP, W, Long ,
LOOP: 'Pennant Flag' for LOOPUP !!
4 0 1
LOOP, W Long
'Pennant Flag' for LOOPUP !!

The Chart says it all !!

TCS: TCS 'Cup n Handle' ....
5 0 1
TCS, W
TCS 'Cup n Handle' ....

Check out the chart !!!

BitterSweetMarkets BitterSweetMarkets PRO ITV, D, Short ,
ITV: SHORT ITV...
3 0 1
ITV, D Short
SHORT ITV...

Its all in the chart...

BitterSweetMarkets BitterSweetMarkets PRO TW., W, Long ,
TW.: Taylor Wimpey weekly chart...
5 0 2
TW., W Long
Taylor Wimpey weekly chart...

A Long set up ??

BitterSweetMarkets BitterSweetMarkets PRO GOLD, D, Long ,
GOLD: Gold nearing year long rising trend line...
106 2 6
GOLD, D Long
Gold nearing year long rising trend line...

Its all in the chart...

BitterSweetMarkets BitterSweetMarkets PRO GRG, W, Short ,
GRG: GREGGS....DOUBLE TOP !!
7 0 4
GRG, W Short
GREGGS....DOUBLE TOP !!

Its all in the chart !!!

BitterSweetMarkets BitterSweetMarkets PRO CMCSA, D, Long ,
CMCSA: Comcast...
49 0 2
CMCSA, D Long
Comcast...

Long at trend line support...

BitterSweetMarkets BitterSweetMarkets PRO EURUSD, D, Short ,
EURUSD: Head and Shoulders playing out !
35 0 3
EURUSD, D Short
Head and Shoulders playing out !

Its all in the pattern !

BitterSweetMarkets BitterSweetMarkets PRO EURUSD, D, Short ,
EURUSD: Head and Shoulders in play !
26 0 3
EURUSD, D Short
Head and Shoulders in play !

Its all in the Pattern !

BitterSweetMarkets BitterSweetMarkets PRO USDJPY, D, Short ,
USDJPY: USD/JPY ..its crystal clear !
35 0 2
USDJPY, D Short
USD/JPY ..its crystal clear !

'Its all in the chart'...

USOIL: WTI CRUDE...
98 0 4
USOIL, W
WTI CRUDE...

The Bulls are praying right now...and if there not..they should be !!

BitterSweetMarkets BitterSweetMarkets PRO EURGBP, W, Long ,
EURGBP: A long idea for the EUR/GBP...
15 0 2
EURGBP, W Long
A long idea for the EUR/GBP...

Self explanatory chart ;)

BitterSweetMarkets BitterSweetMarkets PRO EURGBP, W, Long ,
EURGBP: A Long idea for the EUR/GBP...
6 0 2
EURGBP, W Long
A Long idea for the EUR/GBP...

Self explanatory chart ;)

CADJPY: CAD/JPY Trade idea...
27 0 3
CADJPY, W
CAD/JPY Trade idea...

Enter Long position up to 94.10/30 area (61.8% weekly fib level) also top of rising wedge...Then attempt a short from there...50 pip stop to be used either way !! This post is my opinion only. GL.

GBPUSD: GBP/USD Testing Resistance !
39 0 1
GBPUSD, W
GBP/USD Testing Resistance !

Wait for a close above the resistance line (red) on the Daily chart to attempt a Long position. Stops to be placed below the red line. Alternatively a significant break and close below the lower blue support line on the Daily chart means a short can be taken with stops above that blue (now resistance) line.

BitterSweetMarkets BitterSweetMarkets PRO USDJPY, W, Short ,
USDJPY: A swing trade set up for USD/JPY
52 0 3
USDJPY, W Short
A swing trade set up for USD/JPY

Due to geopolitical factors, overall uncertainty, the growth in Europe and the forecast for a stronger euro could suggest the decline in the dollar amongst other reasons is far from over. That being said it can still advance on the yen, so caution is always needed ! Lets see if we can break through the April lows support area...A short can be taken below 10800 ...

BitterSweetMarkets BitterSweetMarkets PRO GBPUSD, W, Short ,
GBPUSD: GBP/USD further downside expected...
38 0 3
GBPUSD, W Short
GBP/USD further downside expected...

The Bulls should be rattled by the sharp sell off last week after being rejected exactly at the falling trend line which has provided reliable resistance since mid 2014. If we break through the lower support line of the rising wedge pattern which is well and truly formed that should be a good enough sell signal to go short (based on this chart pattern).

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