TraderSmarts

TraderSmarts

After such a bearish run GBPCAD is consolidating its price in an inverted head and shoulders pattern. If this head and shoulder is to play out looking for an entry sign on the 4 hour chart to enter a Long trade up to it nearest strongest support.

TraderSmarts Updated 

#AUDHF look's like it is continuing its down trend on the daily chart. #While on the 4 hourly time frame its wedging itself nicely at Fibonacci retracement #Waiting for confirmation to break outside of the wedge for a short opportunity #Expecting it to hit last resistance on the daily lower low Like or comment to share your thoughts

TraderSmarts

EURNZD 4hr time frame has formed a nice head and shoulders at the daily trendline expecting the bears to push it down towards 1.61 Feel free to comment other ideas or thumbs up if you agree Cheers

TraderSmarts

Expecting EURCAD to keep retracing on the daily chart. with a clear Higher Low and Higher High formed on the 4 hour chart there is a safe chance to enter for a long position with a 4:1 ratio of profit. Before continuing its daily bearish trend at the 1.47 Let me know if you have any other ideas of this pair or if you agree. Cheers

TraderSmarts

On the daily chart NZDCAD had pushed to the 78.6 FIB retracement whilst on a down trend. Whilst on the 4HR is setting up for a nice head and shoulder reversal. will be watching for this head and shoulders to play out watch candles for a good entry.

TraderSmarts

GBPUSD has a great 4hr bearish engulfing candle at trend line, supported by A FIB retracement of 61.80 Great sell for risk vs reward

TraderSmarts

On the daily time frame we are on trend line while on the 4 hour a bullish wedge has formed. NOTE THE last 4HR candle. watch this space!

TraderSmarts

Cuurently on the 4hr time frame the GBPAUD has broken out of a Bearish rising wedge at the top of an up trend. Will expect to retest resistance before dipping towards previous support. Watching 4hr chart with Fibonacci for a possible entry to short

TraderSmarts Updated 

A great opportunity to go long in this set up. Currently bounced off trend line shaping an inverted head and shoulder expecting a good retrace towards resistance.

TraderSmarts

EURGBP to test its falling trend and bounce back to support. Currently sits at the 78.6 Fibonacci. Waiting for on the 4HR timeline for entry to sell.

TraderSmarts Updated 

Bouncing off Support shaping a head and shoulder chart pattern expecting it to retest resistance

TraderSmarts

Daily time fram showing a neat head and shoulders setup. On the 4hr time frame expecting support to retrace back to trendline on FIB-50 before bears challenge the support for a good sell opportunity. TradeSmart.

TraderSmarts

XAU setting up for short. Broken out of 1 hr trend ready to respect 4hr bear trend. Good sell opportunity.

TraderSmarts

Daily trend approaching, with bearish reising wedge. Waiting to break 4hr bull trend to sell.

TraderSmarts

Can see the inverterted head and shoulders has pushed it back up to the previous weekly High. On the 4Hr time frame it has created 2 Lower Lowers and retracing back to the resistance at FIB 78.6 Will be watching closer for an entry sell