Taking a look at GBPUSD, we can see price seems to be making a large Expanding Flat Pattern on the Daily Chart. More Short Term, Sellers seem to be loosing momentum & if so, Buyers can start stepping in to drive price higher. On a Weekly, Price is clearly consolidating right now, I am anticipating this to be a reversal setup & will be buying & looking to...
US Oil is forming a sell setup! Looking to short the 88.6% of the last drop for an even bigger one. it's appoaching the top which we have seen price has had difficulty getting over, therefore, I will be taking the sell & aiming for ~57-56
AUDNZD made a big drop it was missing to complete a pattern I have followed for over 2 years!!
Good News & Bad News!
Bad News: The final piece of the drop happened in just under an hour, making it extremely hard to enter unless there were limit orders in play waaaay ahead of time.
Good News: We may see...
Happy New Year to all!
FIrst thing is First, Gold is forming a very nice pattern here, pushing for an expanding formation, it seems to also be topping. The drop is one you want to be in as it will bring a good, and fast profit if the pattern is completed as observed.
Entries can be made after a breakout of the uptrend followed by a confirmation or...
NZDJPY seems to be making a correctional pattern and seems to be forming its bottom. Since there is no confirmation of bullish momentum coming back into play right now, its still a risky entry. best setup may be found through patience and watching this timeframe as well as lower. Thank you for viewing my idea. Trade with Care!
NZDUSD is forming what seems to be a big continuation pattern. it may be a good idea to sell from top for a couple pips for more experienced traders. The Big Move to watch here is the Buying momentum once the pattern completes. It may complete as a Contracting Flat and may run before breaking the lows. Thank you for your support! Trade with care!
EURAUD just made a continuation pattern and broke out, seems it is ready to break out of bigger pattern. There is a big profit potencial to be made. Use your strategy to find entries. Thank you for the support and trade with care!
GBPAUD is a trading within a triangle. It seems to be consolidating now for the breakout. Wait for continuation pattern on lower time frames to buy. This trend may extend onto higher degree. Trade with care. Thank you for your support.
GBPJPY has broken out of its bearish trend and is forming a Trend Continuation Pattern. As long as the T.C.P. remains tight, we can buy from the lows before the up move starts. Price is still plotting new info and entries and stops are subject to change if structure changes. I want to see another few candles before officially setting limit orders.
Eurusd made a breakout of a Trend Continuation Pattern. Bears may still show a lot of resistance since this is a shorter term trend and can change at any moment, right now the odds that are in our favor is the huge R/R and the "textbook" T.C.P., but the structure the T.C.P. is in is not too promising..
Manage risk wisely as good size wins help...