Willpower87

Willpower87

should reverse upward from here, wait for confirmation to go long. DXY is key.

Willpower87

GBP price action looks strong, if the low around 1.567 holds, then uptrend should resume.

Willpower87

Should go up to 1.255, then come back down and form an inverse HS before rallying back to high of the year.

Willpower87

redrew the triangle, waiting for the next directional move in AUD/USD.

Willpower87

Fixed a couple misplaced lines. Harmonic oriented traders might see a bearish harmonic pattern forming, but I haven't had much success with harmonics so I'll leave it to people who know it better. Trade trend, keep it simple.

Willpower87

I've been long this pair since it broke out of the downtrend at 0.925. Tonight Thomas Jordan (head of SNB) will give a speech to Swiss watchmakers. I reckon it's highly likely that he'll talk down the "overvalued" CHF, which has been hurting the Swiss watch industry. Chart says up, event risk says up.

Willpower87

Still short, direction is down. Purple lines are speculative in nature.

Willpower87

Closed long at 1.2420 for a quick 90 pips :) Wait for price to fall back to mid trendline and reasses

Willpower87

Got stopped out with the earlier rally to 1.58, was expecting it to go a bit higher but apparently it ran out of steam fast. Price now below 50 SMA, not support until 1.5640. Shorted just now.

Willpower87

First target upper trendline

Willpower87

Does it break upward to test 0.7930 and thus form a HS pattern? Or just heads down to make new low? Time will tell. Keep watching.

Willpower87

Self-explanatory

Willpower87

Governor Powell provided the fire power for the USD last night. Hawkish comments on the probable path of US interest rate rises. GBP is getting sold off. Sitting on 50 SMA (4h) right now, immediate trend is definitely downward, below 50 SMA will quickly descend to 1.5640-1.56 region. US Final GDP is the focus today, a positive final result would be a great...

Willpower87

Sorry for my bad drawing but you can get the jest from the chart Repeating pattern in pink circles Long term wedge ending right at earnings report in July The people around me have stopped using FB for some time and I imagine FB is no longer the go-to place for social media. Personally I myself, someone who spends a lot of money online, have never spent a dime...

Willpower87

Short from 1.5925 is working The topping formation looks almost exactly the same as the one on May 13 (also Fib time from the low) What happens next is interesting. It'll come to test the short-term uptrend (pretty steep one) at 1.58. If holds, although highly doubtful, then it'll bounce and probably go higher. If breaks below 1.58, then next support will be...

Willpower87

RSI overbought Candle outside upper Bollinger Overhead resistance Too far away from moving averages Fib Time