munyaelliott

munyaelliott

The CAD/CHF currency pair is currently stuck in a massive range from the monthly timeframe, and this is gonna be hard to break, although it is worth noting that the price has already bounced odd the support (demand) and resistance (supply) zones several times now. Zooming to the lower timeframes, we can see the price gradually ascending upwards towards the...

munyaelliott

This market is in an overall downtrend, however, we may see a correction to the upside in the short term, due to the bullish flag pattern inside the descending channel. Not very interesting if you ask me.

munyaelliott

The USD/TRY currency pair is moving in a gradual uptrend. We can expect prices to fall towards the support formed by the trendline and possibly buy orders can be placed here

munyaelliott

The EUR/JPY pair is moving in a descending channel on the higher timeframes, however, the price failed to go below the 123.60 level. Hence i am of the opinion that the price will continue to rally until it gets to the resistance of the channel. A buy will be more feasible upon the retest of the inner downward trendline within the descending channel, as price...

munyaelliott

The bitcoin market is currently forming a bearish flag pattern, which, coupled with its long trend trend, may cause the asset to tank further. The breakout will not happen overnight though, but it might be worth the wait.

munyaelliott

The USD/JPY currency pair is forming a symmetrical/isometric triangle on the weekly chart, and moving down to the daily, we can see that price has made a major push to the downside already, and and is consolidating and forming a smaller symmetrical triangle too, as i believe it is getting ready to continue with its bearish momentum before it gets to the support...

munyaelliott

The Great British pound vs Singapore dollar currency pair is in a massive downtrend on the higher (daily and weekly) timeframes, and it is forming a symmetrical (isometric) triangle on the lower timeframes. Now it is important to note that there is going to be a lot of noise on the pound pairs for the coming weeks due to ongoing Brexit woes, but sell orders on...

munyaelliott

The Australian Stock Market index is looking very bullish, due to the double top pattern forming on the lower timeframes. The higher timeframes also signify a rally, which sets the mood for this trading signal. I would wait to see how rice would react to the 61.50 level, which represents an institutional level, and was also tested previously Then an entry would be...

munyaelliott

This pair is in an overall downtrend in the higher timeframes (daily, weekly) and seems to be in a correction, perhaps to approach the upper resistances as shown on the chart. I expect to place a sell order if the channel resistance is not broken. Always trade the breakout and be aware of fakeouts

munyaelliott

The price on the NZD/CHF is moving in an ascending channel. However, the previous impulsive bearish trend leads me to believe that the pair could break to the downside. However, it is best to wait for a break before taking any investment decison

munyaelliott

Well i can certainly feel my insides turning because of how this trade makes me feel...very unsecure. Investing.com is saying Gold is rallying, so would a day trader like me make more sense when people are fed otherwise? I guess it would be better to wait until price breaks any of those structures indicated on my chart. I have a strong feeling gold prices will...

munyaelliott

Okay so this is uncharted territory for me. The pot-head market seems very bearish but it has gone through its fair share of market cycles. Prices might just edge a bit higher in order for them to test the upper channel resistance, but i would advise traders to open a short position at the break of the short-term bullish trendline which i drew in the descending channel.

munyaelliott

Okay this is uncharted territory for me. But it looks like the marijuana market is in a large sell-off. I expect prices to go up a little and retrace downwards. A short position may be opened when the price breaks the bullish trendline in the descending channel.

munyaelliott

Platinum price is currently in a serious downtrend, and the pattern traders are having such a feast. If you can't beat them, join them.

munyaelliott

Well if i was a hedge-fund king heavily invested in oil, i would have hung myself in 2018. Well this chart art is dedicated to all hedge fund managers

munyaelliott

So tis is more like results than a signal. Can't say i didn't get a little help with the strategy. Breakouts work well in trending markets

munyaelliott

It might still be too early to "call the shorts", but this pair is pretty amazing. Besides being so scary sometimes, it can also be very predictable and has a lot of liquidity at most. The price is currently forming a triangle pattern and the best way to trade this is to wait for a breakout. I am calling a break to the downside because the price already broke the...

munyaelliott

The soybean market is moving in a gradual uptrend and forming a channel. However, there is an opportunity for a short position because of a bearish flag pattern forming and the fact that the price is nearing the channel resistance. Also, the price could form a double top pattern as suggested by the red rectangle forming a horizontal resistance zone.