Earlier today, I sent out the signal that this could be a possible Head & Shoulders pattern forming, but this could also be a Cup and Handle pattern as well. If this is the case, we are looking for a long opportunity. Plan accordingly as we have two possible road maps.
Looks like we have a possible Head and Shoulders pattern forming.
Signs showing a good reversal to the downside is setting up.
Ride this thing out to the 112 range. Could take some time to get there so be patient.
Yet another pair that has hit that brick wall. Time to watch this pair and see if it wants to start falling some time soon.
Time to sell this pair and rack up a couple of pips. ride this wave down.
Lets see if this indeed holds true. This is my actual trade right now.
Nice trade setup occurring. Wait for this thing to touch the EMA and then pull the trigger. Not too early though. Patience is key.
Lets watch this daily candlestick and see if we can end up closing the gap some more, or if it even gets into the red. Unless you are already in this trade, my advice is to wait for confirmation and then enter the trade. This could be the beginning of a nice multi-day down trend that we can cash in on.
Time to sell this pair again and make some money on the downtrend.
Looks like we found out where the big boys hang out on this pair. Let's see if this area gets pushed down again.
Once the price pulls back into the 1.5400 range, we are going long and riding this wave up.
Waiting for the right opportunity to short this pair. Once we get into the .7400 range I'm going short and looking to cover my positions in the .7000 range, for a nice 300+ pip move. Time to cash in.
This trade setup is already way below the 10 day EMA. The opportunity to sell this setup and maximize profit would be to allow the price to touch the 10 day EMA line again. Wait for the right opportunity and you could cash in big on this trade. As I always say, patience is key, so do not jump into trades prematurely. Also, minimize your risk at all cost.
We are looking for a multi-day trade setup that could possibly be lucrative here. The best time to sell this pair is now as it has come back to touch the 10 day EMA. As long as the pair stays at this level or starts to retrace back down, this is a good idea. Keep this on the watchlist and lets make some money. If the pair does not respect the 10 day EMA, DO NOT...
Lets keep watching this pattern and see if it stays true to form. If it breaks the neckline its time to sell, sell, sell.
Looks like he have a nice triple top formation. Continue watching this pair as it should now start coming down.