PhilippeRitchot

PhilippeRitchot Updated 

GBP usd is at a weird point where it could be beginning a new bearish trend or simply retracing to keep rising. Where will it go? I will wait for a pullback, and see what the price action gives me!

PhilippeRitchot Updated 

NZDUSD at the bottom of a 4h channel! Can you take advantage of this nice risk reward ratio?

PhilippeRitchot

Can AUD find its strenght again, or will it keep going down. I'm betting that it will KEEP going down, as we are in a big downtrend and a double double successfully formed at the top of a channel.

PhilippeRitchot Updated 

Brent Oil is at a major resistance on the 4h/daily chart! Should it go above, the next major resistance 80.00, with a minjor one at 74.00! I'm not buying it, so I will short to more recent levels! If there's a convincing breakout and pullback, I might consider a long if the price action is right!

PhilippeRitchot Updated 

After a somewhat completed H&S patern, is USD/CAD Able to rebound? My Bias is LONG! I sure think so! Good Risk Reward opportunity IF the price action let's us enter the trade. If the price breaks out below this battle zone, we can also short! Cheers!

PhilippeRitchot

GBP/USD is bullish in the longterm but bearish in the short term. I'm short until we reach the bottom of this channel :)

PhilippeRitchot

There seems to be a bounce off a past support area on this pair! Very nice Risk/Reward on the long position :)

PhilippeRitchot Updated 

NZD/USD at a pretty good level for trading opportunities. follow the price.

PhilippeRitchot

Short!

PhilippeRitchot

Amazon trade review

PhilippeRitchot Updated 

Hey everyone! The S&P has made crazy highs this year, and I believe it can keep doing so for a while. That being said, I believe there is a minor correction approching, as explained in the chart! I failed to write on the chart that I believe there is some bearish divergence. Feel free to debunk my idea :)

PhilippeRitchot

Daily Long supported by 4h Candles FX:GBPUSD

PhilippeRitchot

Homework TrendDay example

PhilippeRitchot Updated 

I have shorted AUD JPY for a few reasons! - The price has almost reached its past resistance level. To add to that idea, Stochastic is indicating overbought conditions. - There is BEARISH divergence on the 1h chart on Stochastics. - The targets I am aiming are close to the 0.236 FIbo replacement and the 0.50 replacement. -The daily candle is finally...

PhilippeRitchot Updated 

I am looking to short EUR JPY after it breaks out of its channel on the downside. The is a nice double double that formed and I am waiting for confirmation before entering my short! Please disregard the green arrow!

PhilippeRitchot

Clear formation of a head and shoulder pattern in the making. MA seems to want to get over the price and will serve as resistance. Nice risk reward ratio.

PhilippeRitchot Updated 

Potential gartley in formation. End of BC wave would coincide with minor resistance zone. Going long when prices crosses MA and price action is good for a buy. What do you think?