The values given to short and for stop losses are only rough estimations. I'll be waiting for a reversal and a pullback to retest previous highs on a lower time frame for entry. Make sure you have a plan that works for you and that you stick with it before doing any trading.
The EURGBP pair appears to be setting up for a trend reversal here. The Head & Shoulders...
After multiple rejections from .95 NZDCAD is creating lower highs and preparing to reverse. The Stochastics Momentum Index confirms upward momentum is weakening and turning downward.
If you are trading this pair be very careful if it breaks upward and make sure your stops are beyond resistance.
It's possible a Bullish Shark is forming on the EURUSD hourly chart. I somehow doubt the ABC will play out exactly as shown, but if the dollar regains some of it's strength it still may hit all of the targets.
Now that Bitcoin has had what some believe to be a long overdue correction from the summer's rally, I'm back to looking for long opportunities. The price fell sharply on news that Bitfinex, one of the top exchanges, had been compromised, however, buyers were quick to come in and buy up coins below $500.
Between the buying interest demonstrated near the current...
A small Head and Shoulders is forming on USDJPY that may provide a good entry for a longer term short. Short term TP at $109 while longer term TP is at $104. A stop hit right above the top around $109.75 would invalidate this trade.
The pattern shows up clearer on lower time frames, however 15M was the lowest it'll allow published.