James-LFA

James-LFA

Here we have had a strong break down from the EA daily/h4 ascending channel. Textbook price action in this case is a retest of trend line or resistance zone before entering sells. We can have high confidence in this set up, especially because the daily and h4 both broke a lot of market structure on the initial break down. As the chart pattern is high time frame, I...

James-LFA Updated 

Trend line and resistance zone are being retested. If we close as a big bearish pin/ gravestone dog on the h1, we should be good to enter sells with very big risk reward. Stops 30-40 pips. Max target 200-210.

James-LFA Updated 

Following on from my last Gold set up yesterday, I am currently holding Gold sells from the top, but here we have a 1h Head and Shoulders pattern, with a possible sell from the neckline retest. As usual await your own confirmations before entering. N.B. This is also the 3rd touch of the descending trend line so adds further confluence for a big push down

James-LFA

Most of the reasoning behind this set up is explained in the picture, but we also have had 2 corrective bullish channels, and the textbook breakouts for each of those is down. For price to find resistance at the previous major high is a logical point. Also, if you check the daily we had a big bearish engulfing followed by 2 small bullish candles (the current day's...

James-LFA

H1 head and shoulders pattern already formed/ forming. M15 head and shoulders possible to form the right shoulder of the h1 pattern.38.2 fib retracement used as confluence of right shoulder height