Although I do not trade higher time-frames like the daily and weekly, when I look at GBP from the broader perspective, it seems that it is climbing higher firmly and this time it might break through long-term resistances. If it happens, there is a very powerful pattern in play. FF1C is a psychological trading pattern based on long covering and it has a very big...
I am looking for a sell signal forming at current highs, which might be a particular candlestick formation or a false break of prior high. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
A double top formation in EUR forming. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
GB retraced to an important level, which is a 61.8 FIBO level of prior downswing. A textbook pattern formation (4B) based on long covering methodology shows a very nice profit potential. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
Very nice price action at the max fake level. I expect a drop at least to target 1. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
When you look at my preceeding chart - analysis, you can see what I was preparing for and it happend! A very nice trade today. Unfortunately I was not at my PC to make a recording, so maybe next time :-) For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
It seems like a short opportunitiy emerges. I am cautious about the price action at the top and ready to enter short. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
Although I am generally bearich in GB, this price action shows some nice potential for longs. I am personally waiting for a retracement to enter long. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
This is my short-term bearish outlook at the moment. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
GB retraced to an important FIBO level and has been testing it twice. I am personally very cautious about a false break of that level and I am willing to go short at this level. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
Since OIL is still weak and in downtrend, this double top might be a good opportunity. Let us see how it unfolds. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: my latest live trading video: bit.ly
EUR is now testing an important level, which is 61.8 fibonacci retracement level of a prior weekly downswing. Although there is no sell signal on higher time frames, it might be a good selling opportunity, if the it makes a false break of the level. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
Although the dollar has been very weak recently, the price action at the MAX FAKE level shows that SaP might go a bit lower. This is indicated by a lower-high and possible entry (conservative) is after a breakdown of 1734 and its retest. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
Althoug dollar has been very week, it seems that the majors are about to retrace down. In terms of my methodology I am looking for an entry short. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
Since the oil is just at the botoom of a channel and now it is fighting a pivot level, there is a high probability of bounce to the upper zone of the channel. I highlighted two possible entry levels and two target levels. For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly
GB looks bearish to me and it keeps rejecting the weekly pivot. Now the price is just at the 61.8 Fibo retracement level, which is a nice level for shorts. I outlined two possible scenarios, but personally favour the first one. If the current hourly candle closes as a shooting star, it might be the right confirmation for the trigger short. For further information...