Trend line bounce, Higher highs Higher lows being formed. Trend direction change. 4-1 risk reward im looking for on this trade. currently testing this strategy as added confluence. Missed my ideal entry slightly by a few pips but im comfortable with the entry still.
Waiting on the break of this pattern to complete. Currently price action is finding support at a recent support and resistance area so from here on we could see price move to the upside. Neckline level is also a strong recent support / resistance zone so ideally we shall wait for a break and retest if it comes.
After price action most recently respecting a larger weekly trend line price broke above previous structure and has already tested this level once. Currently price action is quite possibly forming a head and shoulders pattern which is also a reversal pattern. Wait to see what happens but i will be waiting to see at least this pattern complete but i will also be...
Looking on the weekly time frame we can clearly see the outer structure we have on this pair with it being respected previously.. Currently price action finished strong for the week with a lovely bullish engulfing candle formation also with the strong previous impulsive push to the upside it wouldn't surprise me seeing this now break to the upside. The only...
After taking a decent selling opportunity last week we now find ourselves looking to the long opportunities next week may give us. One of my favourite set ups although a simple break and retest its also a support becoming resistance trendline. Looking on the weekly and daily we had the bulls come into the game late last week and ending the week on a bullish...
On the weekly, monthly and even the daily Eur usd has broken out of my large structure but not really with much conviction. Looking at the latest pattern we have it looks as if the bulls may be trying to push this back up. For me 1.13000 is a big level that has recently been broken, 1.12750 - 1.13000 is some real support and resistance zone looking left on the...
My views on this pair are that we are still daily holding the lower trend line, Were almost just ranging at the moment waiting for the break ideally. As of late we se price come down and hold at more of a mid point rather than just come back down to the trend line. We already had a strong push off this level previously and now at most current we look to be forming...
I dont see anything currently bullish about this pair right now. After the most recent impulse down i see we have come up and re tested as a double top formation. swing high to swing low we retested at the 50% fib retracement also. The last daily candle would of been more convincing if it was more of a "bearish engulfing" set up but its still the biggest daily...
after the past few weeks on this pair my bias was originally going long, after letting the pair show us where its heading i can only see more downside currently. After price action recently giving us a head and shoulders pattern also breaking out of a huge pattern also i did expect price to bounce up rather than fall... So now we have broken im sure we should see...
Ever see the same things happening time and time again? for me 32trading opportunities here. Let me explain from left to right. Trading idea 1st move PURE AND SIMPLE resistance becoming support. With this move we actually had a head and shoulders pattern indicating a change in trend. So we then get the huge impulsive move up... Now im looking for ideally 2...
The head and shoulders pattern is not always the easiest to see or read, but when you train your eyes to spot them, there easy and simple to trade. Also its not just about the pattern itself breaking out its how its done which can also be important. Take the movement for what it really is. As you can see the blue arrow would indicate from the head to the...
After the recent pull back after the impulse up i do believe we will see this pair long next week. The pair on a larger time frame monthly / weekly is actually "ranging" between 0.91500 at the low and 1.03500 at the high. As price action has impulsively broke from that low range into a bear flag correction, also completing a 12345 elliott wave. smaller time...
After gbp aud recently respecting the larger daily outer structure, we have now formed a more recent S/r level. also with that we have a new higher high and a higher low meaning the bull run is coming. A lovely 50% fib hit also more so confirming the move upwards. 226 pips up to the previous high as mentioned the set uo looks very promising.
Looking from top down we have had a lovely weekly candle formation known as the evening star candle formation. Whats more important as its come from a retest of previous highs also so now more so confirming the selling pressure to carry on to the down side on this pair. initial targets are around 140 pips currently. We shall see what the market brings next week.
After the most recent failed morning star candle formation with more sellers in the markets at this particular zone were looking to sell this market. We have had a double top, a failed reversal candle formation, we also have the RSI divergence suggesting the weakness in the markets. Orders are set and we look to see where this one takes us. Initial targets are at...
after a recent daily head and shoulders pattern completing, a retest then also completing, were back now at that level acting as a multi touch confirmation of the sell and downward move. most recently we had an ascending channel on a smaller time frame within the larger ascending channel also one of my favourite moves confirming more down side action is ahead. I...
one of my personal favourite set ups. Simple support become resistance. we could actually pin point an exact area in which we will be looking to sell this market from as we had an upward support / resistance line and we also had a downward resistance line, With that we also had the market rising into another previous structure ( grey line ) so this was an real pin...