Dale_Ansel

Dale_Ansel

Explanation of thought on chart. Good Luck!

Dale_Ansel

Nice reversal setting up here. We have a HIGH followed by a HIGHER LOW, then a HIGHER HIGH. Now we have pulled back to a 0.5 Fib Retracement and it's moved up through the 0.382 so I'd say it's a BUY. Targets can be near uptrend support line. Good Luck!

Dale_Ansel

Recent channeling downtrend, breakout to the upside. price has moved into a rising wedge pattern which can indicated a pullback to the bottom of the wedge and then a bearish move to follow. Keep an eye on it! Good luck.

Dale_Ansel

Recent reversal, starting an upward climb lately you will see very small mix of candles and then an explosive large candle either color in the direction of the trend. Watch for that here. I'm guessing we could see a large green (bullish) candle appear pretty quick. Let's see....

Dale_Ansel

Great opportunity for a Bullish run after a tripple bottom. -Good Luck

Dale_Ansel

Yet, another rounding bottom on the 4 hour. Look for price to break the neck line, possible with small retracement and finally bullish move upward. Let's see what happens! Good Luck.

Dale_Ansel

Nice established downtrend. I'd like to see it continue.... I'm looking for a retracement back up to the .618 or even deeper is fine. Then back down through the .5 level. Once it continues back down through the .50 and leaves that level I will SHORT. Good Luck!

Dale_Ansel

Great opportunity to take advantage of a lot of things that I look for when entering a trade: 1. Downtrend with consolidation, turning into an uptrend. 2. Pullback hitting key fibs and doing what it's supposed to do. 3. RSI going from oversold area to overbought area. 4. Small body candles showing reversal all over the place! 5. Price moves all the way...

Dale_Ansel

Another Rounding Bottom. Watch for neckline breakout. Good Luck!

Dale_Ansel

Classic downtrend here with pullback to the .618 fib line. I like to wait until it has touched the .618 and then broken back down through the .50. This is a good sign it's definitely on it's way back down. Good luck. Let's wait and see. P.S. Stop placed just above the .618 line.

Dale_Ansel

Just at the neckline of this Rounding Bottom pattern. Wait for the breech of the neckline. If neckline is breached it statistically has a 95% chance of a bullish movement post break out. Target is considered 1/2 distance of the rounding bottom. Good Luck, let's see if it does what it's supposed to :)

Dale_Ansel

Nice and simple Bullish Pattern here. According to the stats this pattern has a 95% chance of a Bullish Movement after a breakout of the neckline. I would have liked to see it test resistance first, bounce and then retrace and retest and break above / close above, but I'll take it. Good Luck!

Dale_Ansel

What I really like about this short setup is: 1. Hugh impulse break above major trend line upward. 2. With this energy upward it has pushed the RSI to a NEW HIGH with regard to being overbought. 3. What goes up must come down :) I think it's a great Risk to possible reward play here....

Dale_Ansel

What I really like about this short setup is: 1. Hugh impulse break above major trend line upward. 2. With this energy upward it has pushed the RSI to a NEW HIGH with regard to being overbought. 3. What goes up must come down :) I think it's a great Risk to possible reward play here....

Dale_Ansel

This may be a possible HUGE move downward based on a few observations: 1. Very long established downtrend in progress. 2. Reached KEY Long-Term support and broke through. 3. Did not rebound to re-test Key Support level. 4. Price has NOW broken through long-term trend line to the downside. Could enter SHORT and place stops just above trend line down and...

Dale_Ansel

After a 30-DAY downtrend we have this pair @ a KEY long-term support area. It tested support with a bounce and retested penetrating this key level, market rebounded and punched back up through the support with a pull-back once again to this key level. All the makings for a nice reversal move! Let's wait and see. . .

Dale_Ansel

After a fairly significant retracement we have what appears to be a Ascending Broadening Wedge formation. A recent bounce off that structure would indicate a bullish future for this pair. Its at a state of consolidation at the moment (wicks in both directions) RSI is right where I like to see it on this pair recently in deep oversold territory. So with the LOW...

Dale_Ansel

Many things I like to see here on the Daily chart of Pound Dollar. #1. Long downtrend since July of last year at Key support levels. #2. Last three major impulse legs down have been equal distance moves. #3. Having 2 major resistance levels that must be overcome to continue trend will be very difficult. #4. RSI is at the low of the recent range of...