LegendaryStick

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About me 10 years ago we had Steve Jobs, Bob Hope, and Eddie Money. Now we have no jobs, no hope and no money! Don't let Kevin Bacon die!
Last visit Joined a year ago
Markets Allocation
100 % forex
Top Mentioned Symbols
USDCAD 50% | 1 GBPUSD 50% | 1
LegendaryStick LegendaryStick GBPUSD, D, Short , 3 months ago
GBPUSD: Retracement to 50 EMA - GBPUSD - Short Continuation
1088 0 3
GBPUSD, D Short
Retracement to 50 EMA - GBPUSD - Short Continuation

There has been a retracement to the 50 EMA on the GBPUSD. Also, prices have retraced to the 50% Fib level. For a short entry, wait for a breakdown below the bullish corrective trendline. For an earlier signal, you can wait for a breakdown below the corresponding bullish corrective trendline on the Momentum as it usually precedes price breakouts. Happy Trading! :D

LegendaryStick LegendaryStick USDCAD, D, Long , 9 months ago
USDCAD: Bullish Breakout of Symmetrical Triangle on USDCAD
465 0 1
USDCAD, D Long
Bullish Breakout of Symmetrical Triangle on USDCAD

This is a very simple Symmetrical Triangle continuation pattern. Wait for prices to push out of the triangle, then wait for prices to bounce of the 0.618 level noted by the lower horizontal line. The Take Profit should be the level noted as it is the 0.618 retracement of the early 2016 high to the May low.

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