A failed H&S pattern has emerged on the Weekly chart, pinpointing a very bearish FAILED H&S pattern right here! I expect it to continue dropping! What are your opinions about this? Share it with me!
With the weekly chart bouncing off the 50% Fibonacci level AND creating a strong bearish engulfing bar, further confirmation comes with an absolutely beautiful H&S pattern right here! However, I expect it to retrace all the way to the previous trendline that it recently broke off. Comment and let me know your thoughts on this! May the pips be with you!
Hey guys! Found a really great short coming soon! What influenced my decision: -Weekly is on a good,healthy downtrend -Price is about to hit a REALLY strong resistance area on the Weekly Chart at 0.74749 -38.2 Fib level beautifully joins with the strong resistance area (0.74749) - Price is in a corrective wave (or at least it looks like it) Have fun trading...
Hey guys! Been so busy with stuff that I haven't got the chance to post! I found a really really strong H&S setup where the trend is about to break! This is what it looks like on the 4H chart: What influenced my decision: -Strong trend on 4H -Price failed to make a higher high -H&S pattern shows up Good luck guys! May the pips be with you!
Hey guys! Found both a Head and Shoulders pattern and a Double Top Pattern here! This could mean a really good short in the market! You guys can play it safe, and enter after the double top has broken through and retested the support ,or you can be more aggressive and just enter right now, since the Head and Shoulders pattern is having a retracement! ACT FAST!...
Hey guys! Found a Rising Wedge Pattern right here on the GBPUSD Daily chart! Soon to be completed! Watch for the breakout! What influenced my decision: -Falling volume A rising wedge should always have falling volume, this shows that there are a decreasing number of buyers, which gives conviction that the pattern will fall. -Really Strong Downtrend (both of...
After last week's surprise drop in the GBPJPY for me, a new opportunity has opened up! A double top has formed right about here! and the Weekly candle the previous week has closed, creating what seems to be a large Bearish Engulfing Pattern covering the previous 3 weeks! Weekly Chart: Furthermore, price on the Daily has rebounded off a major resistance,...
Hey gang! I'm fairly new to Gartley Patterns but I think I just found one right here! Fib levels all line up! Let me know what you think!
Hey gang! Genesis here! Found an Ascending Triangle on the Daily chart for the GBPJPY pair and if you look here closely on the 4H chart, price is hitting the trendline soon! One thing I really love about trading the insides of a pattern, is because they the entry and exits are so predictable! What influenced my decision: -Stochastics Divergence (oh, this is a...
Hey guys! A couple weeks ago I posted about a Descending Triangle on EURJPY that seems to be near completion soon! But I seem to find signals that it will be an upward breakout instead! -Stochastics have shown a bullish divergence -Weekly chart Fib Retracements has shown that this Descending Triangle is resting on the 50.0 Fib Level Seems like it could be a...
Hey gang! Found a good Head and Shoulders Pattern right here on the GBPCAD! Head Resistance: 1.93000 Neckline Support: 1.90000 Profit target: 1.87000 Its a 300 pips profit! This is my strategy for trading Head and Shoulder Patterns. Take it with a pinch of salt! If you have any recommendations on how I can improve, please do comment here! :) When to enter:...
Hey guys! After EURGBP broke through last week or so with an absolutely beautiful Complex Head and Shoulder's Pattern, I spotted that the profit target for the H&S Pattern would actually pierce through the 0.74850 Major Resistance Level! (Pink line). Weekly also show a sharp downtrend, with the H&S Pattern head directly touching the 61.8 Fib level What...
Hey gang! Found quite a high probability Double Top right here on the Daily Chart! 1.46664 Major Resistance level has held and a bearish bar has come! What influenced my decision: 1) Weekly chart shows a downtrend I will only take trades that follow the general trend. 2) Price retracement has reached the previous low of the impulse wave on the Weekly Chart...
Hey guys! Found a good retracement back into the resistance level inside a channel! Good short all the way down to the end of the channel maybe? Good luck guys! Let me know how it turns out! Oh yeah! There is a volume divergence on the 15 min chart! Just more info to give a clearer picture :)
Hey gang! The GBPCHF Head and Shoulders pattern I posted 2-3 weeks ago have broken through! Wait for a retracement back to the 38.2 level at around 1.42000 before trading. What I used to determine my action: -38.2 Fib Level -Major Resistance Level -Whole number resistance (1.42000) -Head and Shoulders Pattern -Recently reversed uptrend
Hey guys! Its been a while :) found a double top pattern on the NZDUSD yet again! Trade below the neckline! Don't sell before it! Let me know what you think! Good luck everyone! :)
Hey guys! Found a descending triangle continuation pattern on the EURJPY! Always remember to wait for the close BELOW the Descending Triangle before trading! :) Good luck guys! Oh, and I would really appreciate if you guys could give me a follow! Do share your thoughts with me! It will be a great learning opportunity for me to improve in my analysis skills!
Hey guys! NZDUSD has been retracing and it has retested a big trendline's resistance and the Double Top pattern that I found a few days earlier! This means it might be a good short should it rebound! Currently waiting for the 4H candlestick to show a rebound before I enter! Good luck guys! For those wanting to see the retracement happening on the Hourly chart: