Hey gang! Whats up! Normally I would be wary of retracements on the Daily Chart, which leads to kind of a big move on the 1H chart! But hey, I found a descending triangle continuation pattern coming up! So hopefully this should net you a good short for those trying to get back into the current trend! :) Good luck people! May the pips be with you!
Hey guys! Found a good potential reversal pattern for the GBPUSD! Price has failed to create a lower low and ended up creating a lower high! This is a good signal of an uptrend! Strong horizontal resistance and upwards sideways support also point towards an Ascending Triangle! I'll be keeping my eyes on this for a while!
Beautiful Double Top at a major resistance level 0.70530 successful! Recommended to wait for a retracement before entering! Good luck guys! May the pips be with you! :)
Hey guys! Found a potential trading opportunity on NZDUSD! So price rebounded from trendline support, but 0.68842 is a pretty strong resistance on the Daily chart, so you may want to watch out for that. Personally, I would go for a long AFTER it breaks through the 0.68842 resistance and go short if it breaks through trendline support and retests it. Let me know...
Hey gang! Hope everyone is doing fine on a Sunday! Found a potential Head and Shoulders reversal pattern that could result in a good long trade! Some confluence here points towards this: -Trend line broken and retested a Fib level at 23.6 level. -Fib level 23.6 had a false breakout and a large bullish candle just pushes it right back into a bullish...
Hey guys! Hope everyone is doing good! Just want to let you guys into a great long I have been monitoring for a while! CADJPY has just rebounded and closed above support level 82.920, creating a good long of 2.5x RR. You could go for the opposite trendline resistance to take your profit, increasing the RR even more. But of course, being the conservative trader,...