Phoroneus

Phoroneus

Easy double top setup. The pair is overheated and due for a pullback. The Double Top Strength Pattern suggests more weakness to follow.

Phoroneus

Long term trend line break to the downside. Watching candles, looking for short entry on the 1 hr timetable.

Phoroneus

This one just broke through a long tern support trend line with conviction. I'm looking to short on one more candle of weakness.

Phoroneus

If you enter this trade right now you will get chopped up and chopped out. Just a friendly warning! I think this pair has a lower moving bias, but please watch yourself!

Phoroneus

Given the Strength, pattern, and strong resistance, I can confidently say that this pair will be moving lower. I will be looking for an entry on the 1 hr time frame.

Phoroneus

This one is at an exciting spot right now, and we will know in the next few days whether we will be bouncing much higher or retreating lower. I'm expecting it to bounce lower, but you can never be too sure. I'm waiting on the candles to tell me where this pair is going.

Phoroneus

This one will be moving higher due to USD Strength, the Double bottom RSI setup, and the bounce off of hugely important support.

Phoroneus

This one was looking like a huge break last week when more hard brexit stuff came to light, but it bounced hard after the CAD National Bank didn't move rates higher. I'm buying.

Phoroneus

This guy will be moving lower. It is so unbelievably overheated right now, and the MA and RSI tell the same, simple story. This is a counter trend trade however, as I expect the Lira to lose more ground to the Euro in the coming months.

Phoroneus

Support break followed by a brief relief rally. This pair is PRIMED to go the distance lower. I will be shorting asap.

Phoroneus

While this pair hasn't respected it's long term channel too well - especially around the election - it has been in a strong up channel for the last 2 years. Friday's candle suggests that this pair will be bouncing off of the upper side of the channel in the short term. Be aware, this is a counter trend trade, so place your stop loss especially tight.

Phoroneus

This trade is great. It just bounced off of a resistance with conviction, and will most likely be bouncing much higher after a little consolidation. I'm going to be looking for an entry on the 4 Hr candles.

Phoroneus

So this one didn't work out into a Head and Shoulders Pattern, which is why we waited for a good candle, didn't get one, and didn't get burned. This looks like it will probably be falling into consolidation from here.

Phoroneus

The easy money has been made on this pair. I expect it to fall into consolidation within a few days. I'm already out of the trade, and I would caution you if you are entering long.

Phoroneus

This pair just broke a strong support level, simple as that. I will be shorting after the next bearish close.

Phoroneus

This one has continued to fall as predicted, however, I don't think it has that much more to go before it falls into consolidation. I'd stay away from this seemingly obvious trade for now. The easy money has already been made on this one.

Phoroneus

This trade may be turning up faster than anticipated. My original prediction stated that it would probably fall and retest its trend line break, but it seems that this pair may just be headed upward without it. Watch this one! If I see a candle pattern I like I will go long and update this post.

Phoroneus

We have a classic Double Top forming here - The strength is weak, suggesting that it will not break higher before it breaks lower. Also, we have a classic Tweezer Candle pattern sitting right at a resistance. These factors put together make this an obvious short. That said, I'm going to be waiting for one more weak candle close before I go short. Play this smart people!