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Traders, The Head and Shoulders pattern has been confirmed - congratulations on those of you that remained patient while the Market figured out what it needed to do. It was getting dangerously close to nullifying the Head and Shoulders for no other reason than being stagnant (Remember Chart Patterns actually need to look good, if you have to fit a pattern and it ...

Traders, NZDUSD has recently broken the supporting trendline of a bearish consolidation triggering the start of what could be a very massive decline in price. This is on the Daily/Weekly chart so it is also not for the faint of heart. If you are looking for a quick gain it will be inside of a week or two, but you will miss out on what potentially could bring the ...

Traders, An important break happened just recently on GBPNZD - I've been keeping my eye on the pair for some time now as we consolidated in breakout formation just below a significant resistance. Last Friday we surged past it. This move also coincides with another major break on NZDUSD. As this is a daily trade it can take some time to mature - or it can shoot ...

Traders, The past week was riddled with indecision and made for an incredibly boring trade week. The market never stays stagnant for too long and it will take shape in one form or another. EURUSD at current prices has the potential to form the 'Right' Shoulder of a Head and Shoulders reversal pattern. Please monitor this chart over the next week to month to see ...

Traders, Please keep your eyes on GBPAUD in the days/weeks ahead. I had spoken to some of you privately about these but putting them out there for all to see. GBPAUD just this week bounced off of a critical bearish trend line, the main illustration. It looks like the market has signaled that if fundamentals line up we will rise. Whether it stems from Strong GBP, ...

Traders, USDCAD which I pointed out last week and which remained extremely indecisive is again being put on the spot for a trade opportunity. Trend Lines while magnificent tools are also dynamic - something many traders don't realize. You must adapt your trend lines as the market adapts to situations. I've illustrated in orange coloring 2 previous trend lines ...

Traders, Keep an eye on EURJPY in the coming days and weeks. There is building pressure to sell the instrument, while we don't have any confirmation yet the opportunity has been identified. Weekly View: https://www.tradingview.com/x/X7ImD7ko/ Don't miss this trade when it happens. EURJPY is still in a Bull Trend and these are Daily/Weekly Charts - Please keep ...

Hello, USDCAD breached the bearish strength trend line after creating divergence on the daily chart. Since then we have come back down and are currently retesting the trend line that was broken. This is the optimal entry point. This is contrary to what I thought would happen, but the market made the action, so we're going to see where it takes us. I've noted ...

Good Morning Traders, After closing two very profitable trades this morning, it's only natural to begin looking for new opportunities. I've identified an opportunity on USD/CAD. On the Daily we have established divergence but have not yet broken the bear trend strength...which makes the approach a likely point to continue the sell. On the 4 hour we have ...

Greetings, While waiting for EURUSD to mature (interesting structure on Daily fyi) a key move occurred yesterday on AUDUSD. Bullish strength has snapped on the daily, bearish engulfing candle, divergence. Next move looks to be around .7800 level. 4 Hour Time Frame: https://www.tradingview.com/x/c4m3eQ3a/ Trade Safe!

Good Morning Everyone, Update to the Pending EURUSD Short EURUSD confirmed on the daily a break of the lower support of an Ascending Wedge that was being monitored. After a False Break the support had to be redrawn and allowed bulls to give a shot. The market quickly snuffed out the bulls and bears absolutely dominated the last half of the Tuesday's trading ...

It's been awhile boys/girls, I've been busy but trading is always there. Appreciate those of you that stayed in contact with me via PM, I never went anywhere just didn't have the time to post ideas. We have a clearly defined Ascending Wedge on the EUR/USD that is supported by divergence. Be patient and keep your eyes on this structure, once a break is confirmed ...

Greetings Fellow Traders, I thought we were all done with these violent ranging swings on NZDUSD - the overall picture remains unchanged and I am once again Short on NZDUSD (Long on AUDNZD, GBPNZD) for the next several weeks. After the Bearish Flag/Triangle continuation post - the market adapted to a descending wedge and broke back to the upside. Do not expect ...

Greetings Fellow Traders, Just a semi mid-week update. This post doesn't just pertain to the NZDUSD pair but as many of you know I'm a technical trader. Adding speculation into my thought process about whether fundamental news will be good or bad and how it will be perceived and who will buy/sell as a result of that is just not something that interests me. I ...

Greetings Fellow Traders, Here is an update to a previous post regarding the potential for GBPUSD to complete and confirm a well defined reversal pattern. You can expect in the next several trading days for the bulls to break the latest bearish strength. Once this happens we should be well on our way to reach the measured objective around 1.5100 Feel free to ...

Greetings Fellow Traders, This is a good set up regarding the AUDNZD pair, the chart being viewed is from the 4 hour chart. We can see some structure develop as it continued to drop but recently that bearish strength was broken and currently we're retesting that strength. What you cannot see from the 4 hour chart is why this location that the market chose may be ...

Greetings Fellow Traders, This isn't an immediate trade, but it's one of a select few on my radar while other trades continue to be extremely successful. It's good to look ahead, but never jump the gun, wait til the entry fits your style personally. On the Weekly Scale, EURUSD has all but confirmed the resistance near 1.1450-1.15 is still very large and in ...

Greetings Fellow Traders, NZDUSD has provided us with some good opportunities, but also some frustrating ranging price action over the last few months. Which is why it might seem odd that I've selected this pair as the trade of the week, there are actually several reasons why, here's the setup(s): We'll start off with a projected price channel that I've had my ...