dlbsanborn

dlbsanborn Updated 

Overall bias is long, but it's consolidating. A range within a range on GBPJPY is currently taking place. I've simply been trading it until proven otherwise. History reveals these ranges typically break in the direction of the trend (which is currently bullish/uptrend). However, we can't rule out a retest of the 148 region if it breaks to the downside....

dlbsanborn

Price is still finding buying interest along a main daily trendline that has been carrying price for some time. There's a lower timeframe inverse head and shoulders. Price currently is hoovering around the neckline.

dlbsanborn Updated 

potential shorting area on AU.

dlbsanborn

Don't usually trade specific candlestick patterns, but price put a nice 4hr reversal candle at an area of confluence.

dlbsanborn

I'll be looking to go long on EU around the completion of this Bat Pattern.

dlbsanborn

I'll be looking for a some bull action around the confluent levels for a long entry. I'm a reactive trader (not anticipatory) so I'll be watching price action closely around these levels for potential long entries.

dlbsanborn Updated 

I'll be waiting for a pullback to begin assessing price action in and around the green buy zone. Looks like a decent area of confluence to get long.

dlbsanborn Updated 

NZDUSD 1hr double top on has retraced back up into structure. I'm short from .73224. posting a tad late, but may get some type of retracement still.

dlbsanborn Updated 

Just had a bat pattern complete around 1.2446 area. It's still valid in my eyes but can't rule out more downward pressure due to the recent large bear candle. I just went long at 1.24162 at the retest of previous daily resistance which may act as support. I typically don't trade patterns with the "standard" rule set, but for those that like specific rules, general...

dlbsanborn Updated 

May be a quick opportunity to grab a few pips on a correction from the large GBP news move this morning.

dlbsanborn Updated 

Not much to say with this... I'm neutral until price decides what it wants to do. I can see potential paths to either direction, bullish continuation after the "tea cup" pattern or bearish continuation after the recent trendline break. So, in this case I sit and wait for the winner and trade it appropriately based off the price action...easy peasy. If the bulls...

dlbsanborn Updated 

There's a large cypher pattern potentially completing. a few other areas of confluence around the completion point adds to this possibility. I'll be monitoring price action for shorting opportunities as I don't typically enter as soon as the pattern completes..

dlbsanborn

In situations like these I typically let price decide where it wants to go. I've outlined what I'll be on the lookout for and will assess price action as it unfolds to decide entry points.

dlbsanborn

I see a nice level of confluence between 1.33 and 1.32. I'll be monitoring price action when/if price reaches these levels for a potential shorting opportunity.

dlbsanborn

Looking to short EJ around the confluence zone. -23.6 profit target, trendline, supply zone, Gartley completion, previous structure, ABCD completion, Stochastic overbought. Looks like a decent area to begin looking for a short.

dlbsanborn

I'll be looking to get long around/in the yellow box area. Price is coming down to the lower portion of the channel. The 61.8 fib level is sitting smack dab on a previous support level. 200 EMA is setting up to pass directly through this yellow box as well, which can be used as an additional level of support. 50 EMA recently crossed signaling a potential shift in trend.

dlbsanborn Updated 

Cypher setup D completion around 0.7315 Target 1 around .0.7232 Target 2 around 0.7180 SL above X

dlbsanborn Updated 

Bat Pattern almost completed around 1.4858 Assuming it turns around at completion: Target 1 is the CD .382 retracement around 1.5078 Target 2 is the CD .618 ret. around 1.5299 SL below X. I'll be watching this closely and looking to go long if everything jives.