MDrury

MDrury

Price just retraced deep into the 50% fib level. Additional supported by a S&R and a phycological round number zone. Price action printed a nice spinning top candle also indicating reversal here. Potential to go in long with the trend with two TP's at the visualized support zones. What are your thoughts on this trade?

MDrury

I recently decided to short the EUR/USD pair and wanted to share why I made this move. Daily Time Frame On the daily chart, EUR/USD broke through the key 1.07 resistance but hit a wall at a critical point where the 50% Fibonacci retracement level meets the 21-day moving average. This spot is attracting sellers, hinting at a possible drop to new lows​​. 4-Hour...

MDrury Updated 

Just performed some technical analysis on this currency pair, and it's signaling potential long trades on the shorter timeframes. Noticed a gorgeous spinning top candle alongside RSI being oversold and showing divergence, suggesting a promising entry point based on price action. After checking the daily chart, I zoomed in on the hourly and entered a couple of...

MDrury

Just coming off of a profitable Gartley pattern. I saw this one forming right behind it this morning. I have placed two limit sell orders at the completion of the D leg.

MDrury Updated 

Multiple advanced patterns in this range. Two patterns now forming with both D leg completions in the same area. In line with the current range resistance. Limit orders placed at D completion of last formation.

MDrury Updated 

Will monitor this potential set up. I'll place limit orders to short if price violates the B leg

MDrury

Another nice advanced pattern formation forming on the AUDCAD on the 4HR chart. The D completion is targeted to complete just above the range support structure. This may create some buffer for the price to continue to move down and test structure. Therefore, must ensure stops can cater for the possible move down. Stops are below the range. Must ensure orders are...

MDrury Updated 

A gartely pattern about to complete the D completion leg. D leg will also complete a AB=CD pattern. Placing limit order at D completion

MDrury

Following my candle stick spinning top strategy, I saw this formation coming together on the 4HR NZDCAD. My rules dictate to place the limit order after the completion of the candle stick pattern. i was called to a meeting that over ran and when I came back I saw the price shoot north. Heart pain, but one must stick to the rules of your strategies.

MDrury

Couldn't think of any good bat jokes for this analysis so I'll just wing it. Nearly perfect BAT pattern forming. I will place a short limit order once price breaks above B leg high. Shorting at the D leg completion is inline with the higher time frame trend.

MDrury

D completion in confluence with channel resistance. Will place a limit short here.