MitchellShoesmith

MitchellShoesmith

This pair is approaching the trend line after showing a clear bearish wave. Will be watching to see if this one breaks the trend line or reverses to point C. Trade the break out or watch for the bounce.

MitchellShoesmith

This pair has just broke the trend line at 1.4200, will watch to see if this posts two bearish candle sticks in a row before entering a trade to ensure its not a false breakout. Will trade this down to TP1 if bearish movements proceed into next week.

MitchellShoesmith

Late post but this was a pair i was watching once we'd hit the resistance level on 01/06/16. I was expecting a continuation of a bullish trend however it appeared we had a false break out above the resistance level of 0.77500, which then fell back below this level. Bullish trend did then proceed and TP1 was hit. Will see if this hits TP2 and beyond going into next week.

MitchellShoesmith

We have a nice movement within an ascending triangle with waves A, B and C. I am expecting a continuation down to complete wave 'D', then look to either sell the breakout or buy the bounce off the trend line to form wave 'E'. Then look for a breakout from wave 'E' Will see how this one plays out of the coming days.

MitchellShoesmith

1H time frame shows a double bottom structure, currently in an uptrend back up to the neckline. Looking for a break or a bounce at the resistance level in order to enter a trade. One to watch over the next few hours to see if we get closer to the resistance level.

MitchellShoesmith

One to watch of the next couple of days to see if this comes into play... - Textbook head and shoulders formation, lets see if this one can break the neckline, if so trade the breakout.

MitchellShoesmith

Reasons to short: Potential break of daily trend line, once this breaks it could be a nice ride downwards towards previous support level of 1.08193. Will watch this one closely to see if it breaks or rebounds off trend line.

MitchellShoesmith

Reasons to short: - Descending trend line - Channel break out - Pullback formation