Short Term view - Bearish might retest the broken trend where a suggested area to short Complete the Butterfly pattern match almost exactly the target for TD (Thomas Demark) trend. Which is the exact low from where it might show another support area. The Butterfly pattern is a bullish one, target after completion is 1.15, will be updated later
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This is a really nice head and shoulders pattern and if you look on the Daily chart we've got nice structure at these levels. This is a long trade setup
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This is a trend continuation trade on the GBPUSD. We've made a serious down move off the weekly structure resistance area I outlined a couple weeks ago. There could be some additional downside and this gives me some excellent risk/reward
I posted this several weeks ago when the market was trading around 1.3600 We hit the long entry a couple days ago. I've tried a couple times to buy up the EURUSD and it's been very weak. That happens frequently when you're picking tops and bottoms. The benefit is that you tend to have small losses. There is a rather wide reversal zone here as outlined in...
This pattern filled this morning and is not sitting around break even. Still chance to get on the move.
If you don't already know these basic candle patterns it's worth learning them. I have been thinking about doing a short training series on these and potentially doing some simple indicators to identify theses setups. If you'd be interested in learning about these setups hit the "Like" button. In order for this pattern to be a valid sell the three green candles...
Following the rules of Jason Stapleton's (@Jason_Stapleton) 2618 strategy there is nice opportunity to short DAX. Specially that it nicely fits to the idea published yesterday (see below).
This is still a valid long position as long as the PRZ is not violated, the price action is now giving us another chance to aggressively enter the market for a long position in the 886 level however if we are being cautious about the trade you can wait for a 26.18 in this. If i understood jason stapleton correctly about the 26.18. but for me i could re enter...
EURUSD just filled the gap. Not much more to say. This is a shorting opportunity
For those of you who follow me in the Syndicate each morning, you'll recognize that we made money playing this double bottom on Friday. Well now the market has set up a nice 26.18 trade. Should be a buy at the open.
With the pound on a rampage the question is, Will anyone stick their neck out for a short? Well I'm going to be watching this pair very closely over the next week. We've run into a major support/resistance level on the monthly chart. The lower timeframes are still not giving me the signal I need to go short but everyone should be watching this level.
This is a Bullish pattern