Copper looks to be forming a head and shoulders pattern here which should break to the downside and as you know from my past publishes, targets are outlined in yellow. Might want to take a look at commodities, as formations there looking like a break back down, e. g. crude oil looking go likely revisit mid to lower $40s. HELPFUL VIDEOS TO TEACH YOU:...
No long explanation here, a rising channel in gasoline which will break to the downside so we are not yet cleared for bull trend just yet, same goes for crude oil as gasoline market trails crude, though sometimes ahead of crude in movement. HELPFUL VIDEOS TO TEACH YOU: www.youtube.com www.youtube.com DISCLAIMER; Do set stop losses when trading but be...
As you can see in this 4 hour view, market is forming a pennant/falling wedge, this happens to be a breakout to the upside so i expect market to breakout on top. Not mentioned in the video is the fact that market is currently forming a rectangle channel within the pattern formation and this is a sign of breakout soon to occur, highly expect a breakout this...
Ok already made a vid of market but thought i'd make a chart to follow the breakout movement and post in the vid commentary i made earlier. Have a buy order at 142.800, has the potential to fall to 142.500 but this is not guaranteed and if it does happen i am able to wait out that downside negative before reaping the major upside that will follow. My take profit...
Eur/Jpy market is forming a descending triangle/pennant which is breaks toward the downside so wait for breakout from channel or for confident traders, get in early closer to the top of the channel line for move down and (break)out. No figures given so you can chart and look for sell and take profit area, i've highlighted the opportunity to you. HELPFUL VIDEO...
As you can see market is forming a flag here on the 60MINS view which is a continuation pattern hence market will breakout to the upside. Also looking at 4hr view as breakout build forming of a pennant which will go up, so this flag/view will build into that pennant/view so i expect plenty pips on this one. No given figures so one can chart themselves and use...
Still waiting for the flag/pennant pop/breakout to the upside, hopefully tomorrow Wednesday, if not then in the next few days for sure. No given figures so one can chart themselves and use their own initiative for buy and take profit area, i've highlighted the opportunity to you. HELPFUL VIDEO TO TEACH YOU: www.youtube.com www.youtube.com DISCLAIMER;...
Forming a flag though some may call it a pennant, but either way market will break to the upside. Buy at bottom channel line if confident for more pip potential or wait for breakout first to be sure and guaranteed. No given figures so one can chart themselves and use their own initiative for buy and take profit area, i've highlighted the opportunity to...
You can trade within channel down or wait for breakout to the buy side out of channel. Use indicators for confirmation.
GBP/GPY to go up withing channel on the 1Day view. Better view on the 2day
As you can see, market follows a pattern to the upside and it is now at the top of the channel where it should start headed down toward the bottom of the channel. This should bank a good amount of profit on the sell side if you follow closely over the next month or two. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for...
Market formed a falling wedge pattern which leads to breakout to the upside, falling wedge is outlined by pink lines in chart. This upside breakout should keep within the boundaries of the rising wedge pattern forming in the 30 MIN view which is outlined by yellow lines in chart and is yet to breeakout to the downside as expected from this pattern rule. Also...
Market is forming a bearish pennant on the 2HR chart view and this is a breakout to the downside so watch this space, sell once market breaks out of pattern formation. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident...
Spotted another pattern forming in yet again the EUR/USD Market 30mins timeview. Rising Wedge pattern which indicates breakout to the down-side so sell sell sell, the pattern is outlined by yellow lines and break out should occur on the bottom yellow line for the downside. Ignore blue lines as those are depicting earlier pattern formations traded in a different...
Was going to make this private to keep an eye on it in practice of my 'pattern in pattern', spotting, feel free follow along with as I look forward to more drop to follow in market and I only paper traded this chart as opposed to using real funds. Feel free to learn along with me on this one. DISCLAIMER; Do set stop losses when trading but be generous with how...
I predict market to likely resist the yellow line pointed at which would be where market forms a double top.... If this is the case then there a possibility for possible head and shoulders formation. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge...
Watch video to get explanation as to why I believe market is headed down further. First video demonstration so need some getting used to. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and...
As many of you know I have been following this Market over the past week where I entered a trade to the short side at a resistance point depicted by the yellow line in my chart. I held this position for the past week to find the bottom before exiting and was willing to exit at breakeven too as this was originally an experimental trade someone brought to my...