TradingwithL

TradingwithL

Hi All, here we have the USDJPY on a 4HR time frame. As you can see we have a downtrend indicated by the RED trendline on the DAILY. On the 1HR we have a 1 2 3 move or an IMPULSE PULLBACK IMPULSE move. Entries could be placed at the LOWER HIGH on the BEARISH ENGULFING candle if wanting to trade a 1HR time frame, for a more conservative trade drop down to a...

TradingwithL

Hi all, Here we have the EUR/USD on the 1HR time frame. As you can see we have a head and shoulders pattern which can be a reversal signal. My other confluences are that it is at a key area (BLUE line - 1HR key area, YELLOW line - 15min S+R). As the head and shoulders is at the top of a bullish trend this could be a possibility of a reversal if it does not push...

TradingwithL Updated 

HI all, Here we have the EURUSD on a 4HR time frame which could be showing a cup and handle pattern, which could be considered bullish! A good way to measure the TP is to wait for a retest at the top of the cup or a candle close above.. and to count the TP distance you can count the pips from the bottom of the cup to the break out level and extending that...

TradingwithL

Hi All, Here we have the EUR/USD on a DAILY time frame. We have a respected key area (grey box) which could either turn to a retest for a bullish run or hold as resistance for a short. Green line support has been added for a uptrend, although the grey box has recently been tested multiple times to the left and also is has respected the 0.618 on the FIB, Can also...

TradingwithL Updated 

Hi All, Here we have the USD/JPY on a 1HR time frame, I believe this may be a good time to SHORT to the previous low because we have a CLOSE below the DAILY support and on the 4HR time frame we have a good rejection wick which I then switched to the 1HR time frame and placed an entry upon an engulfing bearish candle. Good luck and trade safe. L ** This is not...

TradingwithL

Hi All, Here we have the NZD/USD on a 1HR time frame. The DAILY and 4HR time frame are in a bearish trend which leads me to believe this could be a short position. My confirmation would be the bigger picture of a double top with the left side having a good rejection wick and the right side having a tweezer top, Also the tweezer top has respected the bearish...

TradingwithL

Hi all, Here we have GOLD/GBP, I believe we my have a start of a new trend with a bullish run, we seem to have caught the pullback ( came to the 0.618 on the FIB) which is a good confirmation and the previous support on the 4HR time frame. Both the DAILY and 4HR time frames have a bias of long which leads me to believe that we could could catch a good few pips...

TradingwithL

Hi all, Here we have the GBP/USD on a 4hr chart, as you can see there is a pattern starting to emerge as a falling wedge(red line), this could be a indication of a reversal. The green box is a area of daily support. There could possibly be another confirmation of the EMA crossing over - which could indicate a signal. There is also a slight divergence on the RSI...

TradingwithL

Hi all, Here we have a falling wedge pattern on the 4hr time frame, which is coming into a key area on the daily time frame, With a bit of a good support from the daily time frame this could hold as a support and we could start a reverse trend. I will be waiting for price to come to the "buy area" and be waiting on a entry signal to minimise my SL/TP. could be...

TradingwithL

Hi all, Here we have the USD CAD on a 4hr time frame, we seem to of had an impulse move with a pullback and a indication of a retracement on the fib to a key level which could mean price is in a bullish trend. We could enter now on your entry signals or could be more Conservative to where the grey box is and hopefully gain a few pips. Good luck and trade safe...

TradingwithL

Hi all Here we have TESLA on a 4hr chart, we can see possibly a double top (can be confirmed by no candles braking above the grey box - personal rule of thumb) also there is an inverted hammer which can be a bearish signal in a area of value. The RSI is about to cross the overbought line, - wait for this conformation. This could also be a possible head and...

TradingwithL

Hi all, Here we have the GBP/USD which on the 4hr chart shows a double bottom and the end of a downtrend, with a head and shoulders as another signal of a reversal, Also in the 1hr chart we have the 2nd leg of the double bottom which is an engulfing candle - also can be seen as a good entry/buy signal. ** this is not financial advice, this is for educational...

TradingwithL

Hi all. Amazon could be set for a drop, bearish signals on the chart in the 4h 8h 1D and 1W chart all show signs of a continuation of a down trend and could maybe set to gain a few pips on the way down. The pullback has not broken the previous high so bearish sign still shows, A key area could the grey box as the pullback is entering this area and there has...

TradingwithL

Hi all, GBP/USD could be on a SHORT - here we have a overall downtrend (below 50EMA) and a head and shoulders pattern which has a broken neckline and a pullback heading towards a key area (grey box). Positions to consider taking a trade would be in the key area of the grey box or for a more conservative entry would be a touch of the EMA. ** this is not...

TradingwithL

Hi All, Here we have the GBP/USD, with a possibility of a cup and handle at the bottom of a downtrend which could mean a bullish reversal! We can wait for the handle to be formed in the coming days, and wait for a breakout candle above the handle trendline, profit could be determined by the depth of the cup, or a previous high, or key area. ** This is not...

TradingwithL

Hi All, Can GOLD be on a short? lets see, As you can see we have a downtrend indicated by the red line, also we have a possibility of a triple top (yellow circles - 3rd been a good rejection) which we are awaiting a conformation. The grey boxes are key area which could indicate the price actions movements and once price gets into these key areas - look for a...

TradingwithL

Hi all, Here we have the USD/CHF, tried to keep it clean, simple and conservative .. as you can see the price is in a slight down trend, after a impulsive dip and failing to go back up to the trendline, we can take advantage of this pullback by a smaller time frame to find a entry point/signal, and hopefully gain a few pips on the way down, price does touch a...

TradingwithL

Hi all, Here we have the GBP/JPY, after scrolling left I noticed that this is a HIGH point for the pair, which led me to consider what I am looking at and how to trade this? Since it is at a ATH and possability a false breakout this could be a bearish reversal? As you can see we have a possable double top and 3/4 rejections on the trendline, scenarios: as price...