USDCHF has been relentless recently in it's conquest upwards. Fortunately, this can't last forever and we have a clear bearish flag pattern formed on the 4h. On break below the flag pattern we are clear to enter into a short trade targeting the trendline beneath.
USDJPY is in an interesting position with no clear future direction. We have identified two patterns: A bearish flag pattern on the daily, and a pennant on the 4hr. Considering the pennant is within the current flag pattern, we place more emphasis on the flag pattern. We expect USDJPY to either break above the current pennant, run to 3, and then drop OR break the...
Hi Everyone, Thanks for the support! Today AUDCAD has broken through a very strong resistance zone and looks like it's going to leg up higher on expectation of strong CPI numbers from Australia. This is a swing trade that I will be taking. Entered to buy 1.0174/ Stoploss at 1.0077 target one at 1.0301 target two at 1.04000 target three at 1.04950 if target...
PAIR: GBP/USD TTF: 1HR TRADE: PATTERNS NOTE: These are potential Trade opportunities based on my own personal Analysis. Thank you, Star Prosper Philip Stewart
waiting for a bounce off the neck line then a downward trend from the 2 shoulder. Then going short once it breaks the neck line.
Minor change...added LITS (line in the sand lines) to mark up key levels on the regression indicator...manually. I do that on M5 and then fine tune entries on M1 leaving those M5 LITS in place. M5 = decide overall daily trend direction M1 - fine tune entries (TV won't let me post M5 charts.)
EURUSD just broke even lower. Short to the bottom of the major trendline, where we then expect a reversal. You can enter a long trade at the bottom of the trendline, with tight SL below.
GBPUSD has continued its bearish run as per our previous analyses and is now heading towards our latest TP point. Price has just broken lower through it's downtrend. We expect demand to pick up once again at the Major Support Zone where there may be a potential reversal trade if price can break back above. If price fails to reverse, GBPUSD's recent historic low...
Watch for the breakout
I think this post is pretty clear and easy to understand. A large reverse Head and Shoulders pattern has formed in Crude. I am confident in the validity of this pattern due to the fact that it has been over a year in the making. Please leave your thoughts and comments! All the best and Happy Trading!
USDJPY has just broken down from it's uptrend and now looking to test S1. We expect price to go further and test the 200MA, before it breaks and we see further downside towards S2, which is the long-term TP. You can enter a short-term or a long-term play, and use the support levels as confirmations and SL points.
Nice triangle soon to be broken
USDCHF is still in correction from the last impulse wave.I'm waiting for it to break down the 0.9640 area first to complete the ABC structure then I'll be looking to buy. Target for the buys would be 0.9950.Trade your plan