Interesting setup on the Weekly chart for BTC/USD with a bullish 5-0, as you can see price has just reached the highs of 2014 at 1138 and bounced. I'm sure we will experience a temporary decrease but soon enough the bulls will be back, keep an eye on this pattern completing!
Hello traders, here we have another 5-0 pattern but this time on the 4h timeframe with NZD/CHF. Once the market opens I will be looking for extra confirmation to enter this trade, I'm expecting price to sell-off right down to the daily trendline near the C point. This is an excellent shorting opportunity with over a 1:2 risk to reward. The measurements for a...
There are some amazing setups forming on the charts, here we have NZD/JPY on the 1h chart with a potential bearish bat. Excellent opportunity we will be trading with over 1:2 or 1:4 risk to reward depending on your take profit level. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D:...
I'm getting ready for the weeks ahead, make sure to keep this one on your watch list! Here we have XCU/USD on the daily chart with an excellent buying opportunity. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 I expect price to drop to 2.33000 to complete the 5-0 pattern before making another attempt on...
We're looking at EUR/GBP on a 4h chart with a potential bearish bat pattern within a head and shoulders formation, this is an excellent shorting opportunity with a 1:3 risk to reward... Don't miss out on this one! The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be...
Following up from Donald Trump's speech yesterday I'm expecting the U.S Dollar to continue weakening short term, thus providing excellent opportunities across the board. Here we have XAU/USD on the daily chart with a bearish 5-0 pattern, I have been closely watching this structure since mid December 2016. The measurements for a valid 5-0 pattern are detailed...
Two months ago I posted my prediction for AUD/USD on the daily timeframe, this is a continuation. If you are not already in on this trend this is an excellent area to short, price is currently sitting on a major level of resistance and possibly creating a lower high.
Interesting setup on the Weekly chart for USD/CHF with a potential trend breakout, as you can see price has just reached the highs of 2015 at 1.03 and bounced. I'll be looking to go long if price re-tests this area with a successful breakout!
One of the three opportunities I'm watching going into 2017, let's kick start it in profit! I'm looking to sell once price completes the pattern at the D point around 1.24200. Stop loss: 1.25400 Take profit: 1.20700 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 You can view the full breakdown of this...
Interesting setup on the Daily chart for AUD/JPY with a potential bearish bat, as you can see price has recently broke out of a descending channel and heading towards our D point at 88.500. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be looking for additional...
Wow this is huge, today we have AUD/USD on a 4 hour chart with yet another bearish 5-0 pattern. I'm absolutely loving the look of this setup already! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Once price reaches the D point I'll be looking for extra validation before placing the trade.
Today we're taking a look at the future market direction of USD/TRY on a Daily chart . You can clearly see price has creating multiple levels of support and resistance and trading within a solid channel since early 2015 with one breakout during July to October this year. We have just bounced off our trendline at 3.47500 and I can see price pushing lower before...
Here we have AUD/USD on the daily chart with a general outlook on market direction, as you can see price is has dropped heavily since breaking our trendline around 0.76000... I am now looking for positions on the lower timeframes to get in on this move. Keep an eye on this structure going into next week, if you have any additional analysis feel free to leave it below.
Support and resistance acts as a barrier from preventing the price of an asset from getting pushed in a certain direction. It is one of the more difficult concepts within Technical Analysis, there are various ways to identify these price levels, and even after identified, there are plenty of ways of integrating and trading with them. Today I'm going to simplify...
We're looking at UKOIL on a 1h chart, this is an excellent shorting opportunity to continue the long term trend... Don't miss out on this one! As you can see from the daily chart below we have been trading within a sideways channel since early 2016, price has approached a key level of resistance and is starting to stall out. The measurements for a valid shark...
Interesting setup on the Daily chart for EUR/TRY with a potential bearish deep crab, as you can see price is currently trading within an ascending channel and has attempted to breakout multiple times. The measurements for a valid deep crab pattern are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.0 - 3.618 Final X to D: 1.618
Last week the U.S Dollar broke out and closed above an extremely important resistance level and it has raised a lot of questions in terms of analysis going forward. Straight away you can see price has been stuck in consolidation since the beginning of 2015. Testing support and resistance multiple times within that 2 year time period, struggling to breakout until...
Wow this is huge, after posting my analysis 2 days ago regarding a breakout on the daily chart today I have found a position correlating with the key reversal level. My previous analysis for NZD/USD is shown below: All-round the setup looks promising, our D leg is just off the 1.272 but I feel this a is an excellent buying opportunity, one that I will be...