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Hi All, welcome back to a new week. Just noting a few fundamentals and technicals here for those to see and observe these zones. So we had a shift which was possibly a very important turning point in GBP based on Daily and some other technical and fundamental levels.
Maybe nothing special for those who already know this, but it may provide some insight to new...
Hi Traders, we see here GBPAUD is starting to compress into the Asymmetrical Triangle pattern no clear indication of upwards or downwards move. However we can only go sideways for so long until we get that break out needed, look for clear indication of buy or sell here. Await for confirmation, time, price, volume, momentum
I have marked some levels, which ever...
Bit late on the analysis on this trade - after forming that rising channel or rising wedge - we had some strong selling pressure, Remember during trading to always have your plans for both ways. However I still remain bullish on GBPUSD mostly due to brexit and other driving forces that being volume, strength of selling pressure. I think when GBP finally gets past...
Hi Traders, nothing new here - as all traders would know - FOMC as expected
EURUSD is on the cards fro a break along with GBPUSD as the brexit seems to move these pairs around lately.
Blue line is target 1
Asymmetrical triangle compression
Green obviously is the range of support we have seen not able to penetrate this level
If we go up then the price...
Hi Traders, USDCAD as expected is pushing down I have 2 area's of interest here.
We have a potential counter trend trade opportunity either at our 3rd AB=CD completion marked in pink lines, also with lower entry being an advanced BAT Pattern.
We would also look for a potential pullback into previous structure for another short entry, expecting the trend to...
Hi Traders, GBPNZD is presenting a nice unified Gartley pattern here, as price action moves towards a previous period of uncertainty it could be a potential opportunity to sell.
As always entries stops and initial targets are on screen.
This pattern will be invalid if price action falls below A leg before D completion.
As always follow your rules for entry....
Similar to AUDCAD as we see major pairs price action moving, we often see the minors moving in similar ways.
For those who missed structure based trade as the AUDUSD tested the previous structure level only to be rejected, we see another climb from this pair, by doing this we are presented with an advanced pattern forming.
As we can see major consolidation to...
Hi Traders, just thought to get this one up if we come back to test this previous structure level, we may see a potential shorting opportunity here.
If we violate this level to the high side I would be very interested in the higher possibility entry. I will be keeping a close eye on this if we manage to break above our B Leg.
As always Entry Zone, Stops and...
Hi Traders, just posting up this potential Gartley Pattern, keep a close eye on price action here to see if we get any clear reversal signals.
As always entry, stops and targets on screen, will need adjusting on targets depending on D Completion and reversal.
Hi Traders, we have 2 potential advanced patterns setting up on GBPUSD
Keep these on the radar and look for entry opportunities. If your an aggressive trader then make sure to front run your orders as we know the markets can easily hit entry and roll over to targets if your not prepared.
As always Entry, Stops and targets on screen.
BAT D completion looking...
Hi Traders, we have 2 potential opportunities here forming on AUDCAD - depending on your rules and how you have tested the BAT Pattern this is classed as valid because we don't touch the 61.8% - also depending on your R:R Profile be sure to make sure this meets your rules. You may look for signals in LTF for extra confirmation. I will be keeping a close eye on...
Hi Traders, just thought to post this one up on trading view. My general analysis is advanced patterns and structure based, always good to keep our predictions moving forwards.
When we see these opportunities in the market with an area that is very respected it draws our attention.
As we see here multiple rejections on this level. Double Top with RSI...
Hi Traders, thought to get this one up while the markets are sleeping. Here we see a fair amount of impulse legs we can take advantage of for pattern traders.
In this analysis you can see 6 light blue impulse legs, 1 pink major impulse based on Higher Time Frame
We also have some Fibonacci confluence - 78.6% for Cypher Entry depending on which Impulse leg you...
Hi Traders, just one to keep on the radar for next week. Depending on how the markets open next week and react to the drop in EURUSD - we may still see it fall. However for pattern traders and structure based traders this would be an interesting area to watch.
1. If price falls and closes below our 141.4% Fibonacci extension this pattern would certainly become...
Hi Traders, here we have a potential long opportunity. EURUSD has presented us with a nice Cypher Pattern.
We also have Fibonacci confluence, 61.8% and the 78.6% Entry level falling right in the middle of a 1.272 Fib Ext and 1.414 Ext.
We have some structure looking left which we may see the previous resistance act as support.
As always trade your rules,...
Hi Traders, I have been watching this pair after we hit the targets for the previous Gartley Pattern. Even though I don't trade this pair or Gartley it still hit the targets as intended. I have taken this time to perform some more analysis.
Late yesterday I also noticed a Descending Bullish Flag pattern and appears it has well and truly paid off for anyone who...
Hi Traders, we have some advanced patterns on the weekly.
In the analysis we have a very important structure based trade making the probability for reversal more in our favor.
1. Advanced Pattern Completion - Cypher 1
2. Fibonacci Confluence Zone
3. 50.0% From lowest to highest Structure
4. 61.8% From our X to C Structure Retrace
5. 1.272 Fib Extension from...
Just thought to get this one posted for those who trade this pair, advanced patterns and this time frame.
As always Entry level on Screen with a potential reversal zone.
Targets would be conventional 38.2% - 61.8% retrace of our CD Move - targets to be adjusted on D Completion or unless stops are hit first.
Stops always below X Level. And...