StevenH

StevenH

Hey, traders. Today on the EURUSD hourly chart we have a very interesting situation. We have an advanced Gartley pattern forming on this chart. This pattern alone is a very accurate pattern. But, today we have this bearish pattern completing while the market is in a downtrend. This gives an even better chance of success and also gives the ability to possibly take...

StevenH

Hey, traders. Here on the GBPUSD, we have a great example of a CTS type of trade. This market is at a previous HTF level of structure. It has also gone overbought on the RSI on higher time frames. Now, that alone is not enough reason for me personally to enter a trade, but taking it down to an hourly chart, here we have a nice double top. This double top looks...

StevenH

Here on the EURAUD 0.03% , we have a market that is at a previous level of strong structure. At this level, the market is showing a massive amount of selling pressure. This could indicate that the EURAUD 0.03% is ready for a move down. I post FREE private Ideas here on tradingview for traders on our email list. Sign up here! Website - www.thetradingchannel.net...

StevenH

Good Morning, Traders! This morning I have come across a great example of an RSI divergence trade. I do not personally trade on RSI divergence alone, but this specific trade lines up with a daily level of structure. I know there are many traders that do trade on RSI divergence alone, so I wanted to point out this opportunity and use this chart as an educational...

StevenH

Here on the GBPUSD we have a completed cypher pattern. For more info on advanced patterns and Forex info check out: YouTube - The Trading Channel Check out my website located on my home page here on tradingview.com

StevenH

Hey, Traders. Here on the AUDUSD we have a valid bat pattern setup according to my specific rules for this pattern. To go deeper into the analysis behind this trade, if we zoom out to a daily chart, then we can see that this market is also in a down trend and back up against previous support that could now become resistance and here on the hourly chart we have...

StevenH

Here on the AUDCAD we have what i see as a good opportunity to hop on what i am hoping to be a reversal or just a brief retracement from our bearish move on the higher time frame. I did alot of different analysis in order to get involved in this trade, so instead of typing it here i have decided to do a video tutorial on the analysis i did for the trade on my...

StevenH

Two cyphers forming on the USDJPY. The green one on the 4 hour and the orange one on the hourly have now given us a chance to bracket this market which just means that we have high probability trade set ups weather the market decides to go up or down. If you like advanced patterns then check out my YOUTUBE channel for loads of information and lessons on how i...

StevenH Updated 

In my new analysis of the USDCHF i have found a trading opportunity that will fit into my plan. Doing my top down analysis i realized that on the daily chart we have recently put in a break and close below a previous support level. In my humble opinion this now puts us in a bearish rotation. Dropping down to the 4hr time frame ( trading time frame ) i could not...

StevenH Updated 

On the higher time frame ( Daily ) we recently broke the structure of a lower trend line. When this happens traders normally wait until a retest of that trend line in order to make a decision to hop on for trend continuation. This is all i did here, but instead of just waiting for a retest of the trend line, i have put a few other rules in my plan for when this...

StevenH

Can we stay bullish on the higher time frame? Ever since the break of the resistance level on the daily chart i have been waiting for a pullback in the area of that resistance. After we entered this area i decided to start to look for a buying opportunity. Now we have put in a consolidation area on the lower time frame ( 1hr chart ) with RSI divergence. This is...

StevenH

Just missed the cypher on Friday with this pair. Hopefully we can make up for that by completing the bearish cypher (orange) while we consolidate in this ascending wedge pattern. Like my analysis? Check out my YOUTUBE channel for live examples of advanced pattern trades and for free lessons! LINK: www.youtube.com

StevenH

Here on the 1hr chart of the AUDCAD we have two potential patterns that have given us a nice area to look at going short with the completion of the bat (blue) and the cypher (orange) patterns. Like my analysis? check out my YOUTUBE channel to see live examples of advanced patterns traded live in the markets and free lessons! LINK: www.youtube.com

StevenH

Hit targets Friday on the smaller bat pattern in orange now i am waiting for the completion of the bigger bat pattern in blue to give me an opportunity to go short this pair. Like my analysis? check out my youtube channel to see live analysis and live trade examples! LINK: www.youtube.com

StevenH

we sold the USDCAD here right after the break of the trend line that you see in blue on the chart and also i did a brief review of the analysis i went through before entering this trade on my review video that i posted to my YOUTUBE channel yesterday. This pair has now rolled over nicely and made it more than half way to targets! If you would like to see that...

StevenH

Here on the 1hr chart we have a few different reasons to believe this pair may be headed lower. These reasons consist of a double top, RSI divergence and previous structure support that could now act as resistence. There was also a couple of fib levels that came in around this area aswell and we are very close to the even handle number of .99000 which will...

StevenH

I was short the GBPUSD on the 1.618 trade at previous structure with overbought RSI, but recently this pair broke and closed above a previous structure level and that is a hint to me that we could see some trend continuation to the up side so i used some trade management and closed my position at a small gain.

StevenH

Here on the hourly time frame we have a few indications that the market may have a brief relief from the previously bearish momentum. Here on the chart you can see that we are in the potential reversal zone of a cypher pattern, we are also against previous structure, and we have an oversold RSI with this being the case i have decided to get long the EURGBP with...