Smart_Money_Trader

Smart_Money_Trader

Bullish gartley at a key area of resistance.

Smart_Money_Trader

Bearish cypher on the 4hr chart at a key area of resistance.

Smart_Money_Trader Updated 

Retest of the previous upward channel, Bearish Head and Shoulders, contact with the bearish trend line from 2017/09/08, 62% fib retracement level, waiting for a bearish harmonic pattern in the lower time frames before i take the trade.

Smart_Money_Trader

Bearish Gartley, Bearish Head n Shoulders, encounter with a 10 year old downward trend line

Smart_Money_Trader

Bearish pin bar on the weekly chart at a key area of resistance, there's are a lot of pips to be made from this trade, stay patient, and look out opportunities to short.

Smart_Money_Trader

the downward trend line held firm, but the bears are not out of "the woods" yet, but my bias is still with them.

Smart_Money_Trader

hoping to take profit at the 62% fib ratio and then ride the price down to point #5, i will then hope to climb with the bulls where technical analysis of the price will show a confluence of; a double bottom, the 5th point of the bullish pennant and a test of a 2 year old upward trend line. the longer term plan if everything pans out the way i have projected, will...

Smart_Money_Trader

Opportunity to go long

Smart_Money_Trader

Opportunity to go long

Smart_Money_Trader Updated 

the second opportunity to go short

Smart_Money_Trader

second chance to go long

Smart_Money_Trader Updated 

short trade, small profit

Smart_Money_Trader

could go short if a harmonic pattern forms in the lower time frames with caution, experience does dictate that when price breaks back into a triangle, the momentum almost always continues in the same direction

Smart_Money_Trader Updated 

Price might just break away to the upside but if it doesn't, i'll be looking at the (yellow) highlighted area for any opportunities to go long. the one issue i have with the blue box is that it may act as a very key area of resistance when it's time for the market to turn to the upside.

Smart_Money_Trader

although it might be too much to ask for a HnS pattern from inside a channel, the fact that this is a bearish flag that's met all the conditions, i'm convinced that the bears will now look for any excuse to turn the tables around

Smart_Money_Trader

a bullish pennant has broken it's structure to the upside on the 4hr chart but has hit a very strong area of resistance that can be seen in the daily chart. the next 4 hour candle will be the deciding factor of where the market will head to next.

Smart_Money_Trader

clearly someone has been learning about triangles :)

Smart_Money_Trader

wait for a solid break out and a retest