NIce level of structure around 1.8400.
We have seen a hold of that level.
On the 60 you can see a real nice H & S pattern forming. Patience.
Waiting for the break and re test of the neck line.
Good luck in the markets
I love this pair for its breakouts. Its one of the reasons I started trading breakouts altogether.
Nice little day trade here for those of you who are looking at these patterns.
Its a little early for my day trading session so I may miss the initial breakout if it occurs however, I can still look for the retest in the live room maybe.
Good luck this week.
Lots of opportunities starting to present themselves in the markets now as we look forward to the end of the holidays.
One on my radar is this structure short on the GBPAUD.
Major level of structure
Looking for a nice tight entry on the 60 for targets at previous structure resistance 7704
Good luck in the markets
Lots of questions lately from traders looking to use the higher time frame for their trading time frame. The number one key to successful trading is consistency. If you have a job or other distractions that stop you from being in front of your charts when you need to be, then you will lose your edge over time and of course lose money. I recommend that newer...
Following the Bullish move last week, we are seeing signs that the market is potentially running out of steam. The ascending channel that is forming with RSI divergence coupled with the high test candle which could be an FTB signal entry shows all the signs that there is a good probability we will see buyers turn to fear driven sellers during the European and NY...
As market has pushed up into this previous level of resistance, you can see a re-test (DT) was formed at that level.
We have since violated the retracement of the double top which means we are now setting up for a 2618 short.
The conventional completion/entry point is at that 152.50 level too.
Good luck in the markets this week.
Since the consolidation which started back in October 2016 we have slowly seen the market push out of the lows and form new highs.
We are now approaching a significant level in this market. Its a level that was respected during the Brexit and also if you go out to the Monthly chart, you will see there are further tests of this level as support.
As we drop down...
Just thought id fire out this quick idea at market.
Im using this Gartley as an entry reason into a short position to re test the lows (just above the 7500 even handle)
See you in the live room.
Remember NON Farms today! be careful out there!
Looking to short this pair at 7646 if this Gartley pattern formation completes.
Stops above X
If we are wrong, and market continues to move to the upside, there is a larger BAT formation up at 7707.
See you in the live room this morning!
SO the opening of the London live room tomorrow after a well needed break!
Just doing my analysis this evening and thought I would share this bearish BAT formation which is potentially forming at 1.3167
If you look left you can see we are at a respected level of previous structure. We also have an ABCD equal measured move forming at that level too.
See you in...
Ok so I'm back from holiday and ready and raring to go for the Live room this week starting Tuesday morning at 8AM!
A few things on the radar but thought I would share this with you.
We have a potential BAT formation at 100.99.
I've indicated where I would take targets on the chart.
Stops above X.
Remember we have some AUD news and more importantly some YEN...
So as I'm on holiday, I'm not day trading and the live room is closed. I thought I would share with you a swing trade I'm looking at.
After putting in a higher high higher close, we can expect market to push higher.
So we can start to build out a kill zone at previous structure support and resistance OR enter aggressively if market pushes down to 0.7615 if you...
Another bearish bat formation at market this morning.
Looking at target 1 at 0.7019
target 2 at 0.6993
Im already still in a trade from last week so I cant get involved in this one!
see you in the live room.
Doing my post market analysis and found this set up from earlier today is now at market.
Bearish Gartley formation at 142.26.
Stops above X
Target 1 at 140.54
Target 2 at 139.48
See you in the live room tomorrow!
We were eyeing this one up in the London Live room last week. I was waiting for price to come into a better level to get me under 100 pips of risk for my stop loss.
We are now filled and looking for multiple target.
Target 1 at 0.7131
Target 2 at 7205
We will be going through this in the London Live Room this morning.
Going through my analysis this morning after what has been a good week in the Live room this week, Spotted this Fibonacci inversion trade set up at market.
I don't trade this strategy personally yet but I know there are many of you who do so I thought I would share with you.
Feel free to join us in the live room this morning from 8am.
See you there!
After a long bearish plunge, market has now put in this double bottom with a nice low test candle on the initial test. The body closed in the top third of the candle which is a good sign of some potential bullish protection.
Then we saw a second test testing the lows but holding.
This would have been an opportunity for a counter trend move.