FXbrawler

FXbrawler Updated 

Getting short on GBPAUD for a swing trade as we break the neckline of a double top formation and last week's low. Target is 2 for 1.

FXbrawler

BCO broke out of a reversed H&S pattern and now came into some resistance. It is accumulating in a triangle formation which suggests a continuation, however, I don't rule out that it will pop on the downside. For now I am watching it, but given that this pattern is visible on a weekly chart, I will pyramid heavily into either direction it chooses. For now I am...

FXbrawler

In the next days/weeks, the inevitable will occur... The breakout, and it will be big. I don't presume to know the direction of this break but one thing is very likely, it is a coiled spring that will bring high volatility in whichever direction and decides to release its energy towards. I will keep a close eye on this one and keep you posted.

FXbrawler

Yesterday I started a shorting campaign on the pair as we are at the top of a long range that has been lasting for around 600 days. I expect this position to be shaken out as we are in the turbulent upper part of the channel. My bias is currently down, but should price break away from the red zone, it would indicate much higher prices and would change the...

FXbrawler Updated 

Taking a quick scalp by banking on a retracement after the overly aggressive run-up. Target 2 for 1.

FXbrawler

This is a critical point for BTC as we will most likely come into a phase of accumulation while the bulls and the bears duke it out within this downtrend. A penetration of the log trendline would signal the building of long positions while a penetration on the downside of the eventual continuation pattern would sound the bear bell to visit the lows.