Rhoward29

Rhoward29

As we can see per monthly time frame. We are in an OVERALL bearish trend that is making a bullish retracement which just so happened to create a DOUBLE TOP in the Golden Zone! Could we be going down? .. .. ... ... ... Or are we gonna continue up? Hmm...

Rhoward29

GBPUSD has created an inverted Head and Shoulders pattern. To play it safe, participate in this move at the break of the neckline.

Rhoward29

For the past week or so price has been bouncing between supply and demand zones while making very DISCREET "higher highs". A "lower low" has recently been created DISCRETELY inside the supply/demand Zones with a closure lower than the previous low per 4 HR time frame. I'm starting to see a potential push down because we now have a "lower high" and "lower low"...

Rhoward29

It look as if XRP is in some sort of pennant. The current trend channel is bullish but it's looking like it's ready to make that bearish retracement at least to the bottom of the channel. If it breaks and retest my channel I would expect for it to trend line on the outta pennant area. If you look at the daily time frame you could picture price continuing to go...

Rhoward29

According to my previous idea, I mentioned how EJ was going to reach the weekly/monthly resistance zone and reject to the downside long term. It is now rejecting that zone, so as a result we can see on the 4H time frame EURJPY has created a double top and has broken my trendline, trend structure, AND my zone(not referring to the gap). I'm going to allow price to...

Rhoward29

Gold has a beautiful setup waiting on us to catch next week! As you can see, the market has created a Falling Wedge/Flag Pattern which is a clear indication and a signal within itself that price is gonna make a bullish reversal as a pullback! Waiting on it to break the trendline is "OK" but actually allowing it to break structure, retest, and THEN entering would...

Rhoward29

As we all can see, NZDUSD had allowed the bears into the neighborhood which is OK because it's been respecting a channel for some time now. If you are in a buy dealing with drawdown, there could still be hope. Price has retraced but HASN'T broken and closed below structure. Still hoping for the Bulls to take over and take price to highest level of resistance...

Rhoward29

I missed the initial impulse move from EJ so what Im gonna do is wait on the potential retest/rejection into my zone for a bullish continuation to the highest level of resistance, area 129.950. On the other hand, if structure breaks and closes below area 128.625-ish, I can expect the BEARS to step in and pull price down to my support zone 127.410-ish after...

Rhoward29

After observing market structure on the daily time frame, I noticed how the market has done a WIDE break and retest(in my darkened zone), followed by 2 higher highs. As you can see near price 1.20365 area, price has tested and rejected twice on the daily and 3 times on the 4H time frame. So I pulled out the fib and price rejected the .786 giving me even stronger...

Rhoward29

I'm expecting a HUGE DROP with USOIL. On the monthly time frame price has repeatedly RESPECTED the trendline which just so happens to line up in the same area as my resistance zone that has been rejected at least 4 times. Over the next few months, I see the market potentially going bearish near the last monthly low, 17.700-ISH. On the other hand. this current...

Rhoward29

USDCHF a couple weeks back shadowed the movement of USDJPY and created an "Inverted Head & Shoulders" pattern and broke structure on daily time frame, making the current trend bullish. I am waiting on a retracement to my highlighted zone, price to show rejection from the zone, then continue the current bullish trend to reach the most recent higher...

Rhoward29

As we all know, a couple of weeks back UJ created an "Inverted Head & Shoulders" and has broken structure to the upside creating what we currently have, a bullish trend. it has already made its new higher highs and higher lows so I'm expecting once again ANOTHER retracement into my zone drawn at the past higher high, a rejection from the zone, then a long term...