NZD/USD has recently completed an inverted head and shoulders formation.
It has bounced off the current downtrend line and come back to kiss the neckline of the inverted H&S.
Looks like a prime opportunity for a long!
What is your view of NZD/USD? Tell me in the comments below!
Bitcoin has recently broken it's upward trendline on the daily chart.
I will now be looking for it to hit the lower trendline before moving back up at least momentarily. It could possibly drop below that as well.
Possible head and shoulders pattern completing as well but it's a bit messy so I won't be relying basing my decision on that but it is interesting...
A close above the upper zone should see more upward movement.
A close below the lower zone should see a test of the current trendline and will likely close below there as price will have created a double top and a new low.
A close below the current trendline should see a re-test of the lower trendline.
GBP/JPY has provided some incredibly easy trading opportunities over the past couple of weeks and it's time for another one.
Unfortunately I wasn't home when it hit the bottom of the channel earlier so I missed out on 150+ pips but it is what it is.
Currently, there is a triple bottom on the 4 hour as well as a close above the descending channel/flag. The...
AUD/USD has set up for a good short opportunity.
It has been rejected by the current trendlines in the overall downtrend.
I will be watching for a 4 hour candle to close below the blue support line to go short for at least the short term.
If a 4-hour candle closes above the current trendlines I will be looking to go long.
PLEASE NOTE: I don't usually use a...
USD/CAD is back at the trendline that defines it's current overall uptrend on the 4 hour chart.
It has also close just above a major resistance area/zone.
I will be looking to enter a long when the market opens this week.
PLEASE NOTE: I don't usually use a stop loss except to lock in profits so make sure to choose your own stop loss. I typically wait for a...
GBP/USD is setting up for a good trade opportunity soon. Watch for the 4-hour chart to break above the major resistance/zone to go long or break below the current up-trend to short.
At the moment I am leaning towards it being a long but time will tell.
FOLLOW ME and I will post a new G/U chart when it becomes more clear.
LET ME KNOW WHAT YOU GUYS THINK ABOUT...
USD/JPY is set up for a good short opportunity. It has broken through and now come back to re-test a major 4-hour resistance zone.
If you look at the 5-minute chart, there was an uptrend that broke right at the end of the week so I will be looking to short when this week opens.
The blue lines below the zone are 3 TP areas.
PLEASE NOTE: I don't usually use a...
EUR/USD has just broken through a MAJOR 4 Hour Resistance (blue line on the chart).
The last 4-hour candle was a doji which signifies indecision and a potential reversal point.
I will be watching the 5 & 15 minute charts for a close below the low of the 4 hour candle (bottom purple line on the chart) to short down to the 4 Hour Resistance (now turned support)....
It looks like it might be time for GBP/JPY to come down a bit again. There is an extremely well-respected descending channel and potential flag on the 4 hour chart.
TELL ME IN THE COMMENTS SECTION WHAT YOU GUYS THINK ABOUT GBP/JPY CURRENTLY!
PLEASE NOTE: I am starting a compound challenge where I will attempt to turn $20 into $10,000 by doubling my account...
There is a 1-hour descending channel currently which makes it appear to be a good short opportunity at the moment. However I will wait for it to break the current uptrend on the 5 min. chart before I enter a short.
The higher time frame charts are indicating a possible long entry as well so if the channel is broken it could be a very good opportunity to go long...
This may be a good short entry for E/U.
Contrary to popular belief, the DXY has not closed below 94. DXY futures predict that but the real DXY is still holding the inverted head and shoulders for a re-test. Any momentum should see the USD skyrocket and then in this case E/U would drop.
This 15 minute chart shows the break of a trendline and a double top so if...
I'm expecting a short here but either way, if it a 1 hour candle closes outside of the box I will enter a short. For best results, watch for it to close outside of the zone and then re-test the break.
Possible trend change longer term as well so you may be able to hold long term (Much longer than the three TP's.
This is a perfect opportunity to get in on a longer term short on EUR/USD. Head & Shoulders pattern has been confirmed and is being re-tested right now.
Take Profit 1 - At a major support.
Take Profit 2 - At a major support
Take Profit 3 - Follows the rule of thumb for taking profit on Head & Shoulders patterns. The distance between the top of the head and the...
If this pattern completes, the daily zone (green area) where the breakout occurred recently will finally be re-tested. Look for a candle to close below the pink zone on the 1H chart or the blue zone on the 4H chart in order to short the pair down to this area. The rule of thumb for trading a H&S pattern is the distance - in pips of course :) - between the head and...