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Swingtrader

CHF/JPY Swing Trade - PRZ Potential 300+ pip trade!!With CHF/JPY coming near fresh yearly highs after such a strong multi week push, its do for a reversal at the 118-119 zone. For the pattern traders we can see CHF/JPY presenting a huge ascending triangle for bullish long term momentum, in the mean time im looking to go short in expectations of price going back into consolidation. . If you take the time to zoom in we can see Friday close offered us a hammer/pin bar candle! Next expected support as far as i see is around 115-115.50, which lines up with uptrend support and the 61.8 golden Fib Reversal zone. This coming week (2/5/18) I will be watching the H1-H4 time frames like a hawk for signs for fake out/reversal in the 118.50-119 area, stop loss 15-20 pips above 119. I will be posting an update on this chart when it comes time to take profit and go long. Always remember.. big swings=low lots! Happy Trading!
Short
by NJTradeHouse
Series of Bearish Pennants imply downtrend will continue soonSo far on the downtrend from 20k, we have had a series of 3 bearish pennants form. The first two were textbook and led to nice continuations downward. We are now nearing the end of the 3rd bearish pennant. If this pattern plays out as expected, prices should remain capped near 14k(bitfinex/binance feeds). On the downside, I'm looking for a solid break of 13k to confirm that this pattern is going to turn into a continuation downward. Price is barely remaining supported by the moving averages on the hourly chart, and they are starting to consolidate to indicate an impending breakout. We will almost certainly see a test of 10k if it breaks downward, and it looks like price should remain supported near 8k after that.
BITFINEX:BTCUSDShort
by HughGRection
1
Potential Short on GBPCAD . Looking for a Swing on GBPCAD. looking to catch the movement to the downside or the trend continuation from 1.69 MONTHLY SUPPORT zone as execution approaches. News during Brexit and the new election process happening this week could dramatically effect all Sterling Pairs. Theresa May will have to step down from office as the new Electoral Party seem to despise . Key zones as TP or reversal zones could be 1.65, 1.63 and 1.62. Fibb levels. No triangles or specific trending apparent at this time.
Short
by trentin808