Price started to form what could become a H&S - Pricepattern On the 60M we see that the second Shoulder comes in form of Double Top. Not yet confirmed since the SwingLow of the DT is not yet broken but price gave us a CandlestickPattern on the second top. Since we are at major Resitance of higher timeframes I see an edge on the trading diection => short wich could...
Looking at th daily we see a completed BatPattern. The daily is too big for most traders however so they leave it off the radar. If you move to a 240M TF you see that price is about to form a H&S Pattern which may serve as entry signal and orientation for Target and Stop Loss orders
Anyways, looks like a long trend following makes sense after the strong breakout of "B" Proposed target is a projection of "AB" that comes in at daily resistance levels
- Price formed higher swing low - Then the test of the upper triangle trendline - And the failure of closing above the trend line => chance for this price to fall within this triangle. Million dollar question; where will the majority of buying volume come in next? I believe at the close of the swing low wich makes it an almost 230 pips short trade, then change...
Price is a) just short of high timeframe resistance b) at minor Fib extention resistance 1.272 c) Confirmed double top Looking for a 382 retraceemnt short then build long position to target long TP in the red resistance area
This stock pays juicy dividends evry year. No apporaching an intersting support area. Looking for addiding to my position
Look how accurate my crystal ball called the A, B & C Rectracement proce action on my analyses form the 9th. Clearely this is not how it works all the time, but when it happens... its like magic! So what´s next? => Looking at a potential long Lorbeer Pattern. Entry trigger in the area on candlestick reversal pattern Target 382, 500 or 618 Fib retracement of the...
Looking at a pattern that forms in trednphases, Triangle (sometimes in form of channels, wedges or flags) These triangles tend to breakout into the direction of the underlying trend (here long) for more or less the same distance than the initial impulse move. In my understanding the psychology is somewhat like the ABCD pattern. So here we chase the D point....
Fundamentally HSBC is confident that their internal investment of process amelioration was a success which wil make the company a lot more efficient with regards to future challanges coming due to the automation revolution. Investors seem to believe and started buying the stock back. HSBC was always paying a nice dividend and so are they this year. Conservative...
I don´t like waiting until the market provides me with a 100% copy of the perfect backtested super precise entry set up. Trading is not like fast food chain restaurant food, yu cannot always expect the same thing. While there is nothing new under the sun, price action and techncial reading of this price movement is more or less accurate. The more languages you...
MSFT has a nice looking checklist for selling Put´s or Spreads
Hedging my longterm short EURUSD constantly with short term long trades on EURGBP with quite ptofitable so far. Now price presents me a new opportunity with nice RRR
One candle touches both levels of S/R. Market is looking for decision. Good times to watch for hamronic pattern on lower timeframes!
Here is the thin with double bottom. Every Lower Low was initiall ya double bottom and every Higher High was a double top. Here, however, the DB is "confirmed" by price closing above the High between the bottoms. If this DB will mark the new low and we will see higher prices then, entries can be found soon. Furthermore, you see a potetnial Lorbeer Pattern forming
Don´t like trading butterfly unless they trigger close to Supp/Res.
Lots of profitable hamronic pattern lately on this pair
Waiting for entries to trigger. I am rather short on the EUR on other pairs but treat this as a great hedging opportunity to reduce cost or maximise profit.
Looks like DoubleTop in Resitance after ABCD Retracement. This hase everything that a trend follower wants to see for conservative entry. First we get the new swing low wich indicates more downside potential than upside - check ABCD Retracement into Resistance (since C retraced deeply into AB, it is natural that D is a smaller Fib extention here 1.27 of AB...