Trader_Blake

Trader_Blake

What's up Traders, Looking at the Dollar being weak again this weak with UJ following its nasty downfall. plenty of Technicals to back it up. Looking at the 4hr on UJ, the first thing I want to address is the Hidden Bearish Divergence(Lower Highs on chart, Higher Highs on RSI). That's the the cherry on top, the main indication is last weeks rally to the supply...

Trader_Blake

XRPUSD is looking a lot like BTCUSD right now. On the daily you can see a Rising wedge continuation. Break it down to 4hr and see the expanding triangle pattern. This particular pattern is a bit different then the others. It has one side that has more of a slope than the other so price should go in the direction of that "stronger" side. It seems price has broken...

Trader_Blake

On the daily you can see a Rising wedge continuation in this retracement swing. Break it down to 4hr and check out the H&S pattern within the rising wedge pattern. This combination of patterns tends to happen quite often but when marked up correctly they can bring you some big profits. Anyways, it seems price has broken from the patterns already and is ready to...

Trader_Blake

Heard gas price were back on the rise across the country, so went to check out the USOIL chart, Started out on the daily with this one and notice a big divergence on the RSI and a descending triangle and double bottom had already broken out and on the retest. broke it down to 4hr to the bullish flag continuation Thats 3 patterns to confirm a long so far but where...

Trader_Blake Updated 

Got a few confirmations of a short here on AUDNZD. First the Supply zone rejecting 3 times forming a bearish Expanding Triangle and Head & shoulders Formation. On Top of the double pattern set up I have a Divergence, drawn in green, on the RSI indicator. Main thing to wait on or watch out for is the uptrend to break or if the supply zone does not hold the H&S...

Trader_Blake Updated 

Looking at the 4hr I'm seeing 2 clear bearish signals a Bearish Rising Wedge can be seen ( Higher Highs, Higher Lows) and a Regular Bearish Divergence on the RSI. Break it down to the 1hr and a Head & Shoulders pattern can be seen, the right shoulder isn't 100% completed yet but this is my take on future price movement. On the 1 hr price can be seen pushing out of...

Trader_Blake

On the Daily/4hr a Descending Triangle can be seen. Started forming over 2 weeks ago. Well boys and girls, the breakout is near! Long or short? Let's take a look. The current trend is bullish, though a descending triangle is Bilateral, a continuation of the trend is highly likely. Let's go down to the 1hr and see what the lower time frames look like. Right off the...