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Sterlin

Trade with the daily trendHi guys, as you may know from my previous analysis on this pair, i've been looking at it for several days, as soon as we broke the level represented with a yellow box, that is our previous daily resistance. Once it's been broken, my bias has turned into bullish because i know that a break of structure to the upside can mean a trend continuation opportunity. I went on lower timeframes and here you can see that price has started to settle down at this level and formed a reversal pattern with RSI divergence and an engulfing candle on higher timeframe. Long at market, stops and targets shown. If you have any idea/comment, please share below. Otherwise, see you in the next chart!
Long
by Roker1
Short opportunity on GBPCHFHi guys, i've looking at this pair since we've reached the yellow zone highlighted on the left hand side of your screen. And i'm now getting involved because of the false breakout that you see on the right hand side of your screen. But let me be clear: first, we are at a major structure level on the daily timeframe, second, we've reached overbought condition on the daily timeframe and we're creating a divergence on both the daily and the 4hr tf. As we go down on lower timeframes, such as the hourly, you can also see a triple top with RSI overbought with a false breakout. As soon as the price has closed above the prev highs, it fell immediately and got rejected with a big red engulfing candle. Going short now with stop above the highs, and targets as displayed. If you have any idea/question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Short Trading on GBPCHFHi guys, i've looking at this pair since we've reached the yellow zone highlighted on the left hand side of your screen. And i'm now getting involved because of the false breakout that you see on the right hand side of your screen. But let me be clear: first, we are at a major structure level on the daily timeframe, second, we've reached overbought condition on the daily timeframe and we're creating a divergence on both the daily and the 4hr tf. As we go down on lower timeframes, such as the hourly, you can also see a triple top with RSI overbought with a false breakout. As soon as the price has closed above the prev highs, it fell immediately and got rejected with a big red engulfing candle. Going short now with stop above the highs, and targets as displayed. If you have any idea/question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Structure trade on GBPCHFHey guys, this is an hourly chart of GBPCHF and i'm taking this long trade because price is founding some support in a key daily structure and that meets my rules of engagement since we have a nice double bottom (you can see it by zooming in or going on even lower timeframes) and a nice engulfing candle on the 4H timeframe. Bigger picture is always important to determine which direction you want to take, so start your daily analysis by looking at higher timeframes to give you perspective on the market conditions! I think you'll reap the benefits as soon as you get used to that. If you have ideas/questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2
GBP/JPY 4H Chart: Reveals dominant patternThe Pound continued to trade in the previously charted channel down pattern against the Japanese Yen until November 10. A rebound then broke the pattern before the rate declined down to the monthly S1 at the 148.15 mark. The rebound from this monthly pivot level revealed the existence of a lower trend line of a possible large scale channel down pattern. However, its upper trend line has not been confirmed, as it is drawn only by using the October high level to draw a parallel line. However, in regards to the short term, the pair is being squeezed in by various levels of significance surrounding the 149.50 mark.
by UnknownUnicorn890690
GBP/JPY 4H Chart: Breaking of PatternsAfter the recent development and breaking of various minor channel patterns the Pound has revealed a new direction and a new long term pattern against the Japanese Yen. In general, the most junior channel up patter was broken at the end of the last week. Meanwhile, a dominant descending channel was broken previously. The possible breaks could have been spotted beforehand. However, due to the fundamental changes in the both currency pairs, Dukascopy absolved from reviewing this currency pair. Although, the pair has revealed a dominant support line, which is set to guide the pair to the levels above the 150.00 mark.
Long
by UnknownUnicorn890690
3
Bat Pattern near D point!Hey guys, here you can see a Bat Pattern that's ready to complete on 4hr chart. Its completion point comes right at a key level of daily structure that could push prices lower. RSI is near to overbought condition and a psychological level lies right there. You can either choose to take the bat pattern at the D point or wait for price to come to the yellow box and then wait for an additional confirmation to sell. I'm taking the Bat, with stops above X, and targets as usual. If you have questions or ideas, feel free to write below. Otherwise, see you in the next chart!
Short
by Roker1
10
The triangle has been broken to the upside on GBPUSDHey guys, just wanted to share my view on gbpusd; as you can see price has recently broken to the upside this simple pattern called triangle. It's basically made of two converging trendlines that encompass price action. You can take advantage of this pattern by simply buy at the first candle close above/below one of the trendlines, or you can wait for a retracement and then enter the market. The bigger retracement has already happened, but as of now price level is nice in order to have a positive risk to reward ratio at the retest of the daily resistance near 1,2550, so it's appealing to me. Entry at market, stops below 1,2400 even handle, target1 near 1,2550, target2 to be determined (approximately near the dark green line). Let's see. If you have any question, feel free to type it in below. Otherwise, see you in the next chart!
Long
by Roker1