RlcTrading

RlcTrading Updated 

Although price broke to the upside of that wedge pattern... we can predict where these retracements will happen if we use Fib Retracement levels. If you look at the line chart of this trend, you can see that price is respecting the Fib retracement levels as the last pullback bounced off of one of these levels! This is evidence that Fib Retracements will work...

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In My Opinion, It is still not time to buy the inverse Head and Shoulders pattern as it seems like price needs to push down just a little bit more first. So in my opinion , We Wait before we buy or sell.... then we buy according to the rules of the pattern. So For Now.... I believe everyone should wait! We could see a few more days of selling before we have...

RlcTrading

As you can see from simple candlestick analysis on the daily chart , as price moved up to the trend line you can see that buyers have nearly lost all of their steam! So We have a Very Nice Opportunity to go short for 3 to 5 Days! Patterns like this are always more rewarding when we spot the on the daily chart. On the 4 Hour Chart price has formed a small double...

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Details on the chart!

RlcTrading

The U.S. Dollar Index is creating a higher low in the downtrend as you can see. I was looking at this in the daily chart as well. For more information please do a Google Search for "How To Trade Using the Dollar Index"

RlcTrading Updated 

Eur/Usd is still in a bullflag pattern and waiting for the breakout. Past Knowledge and Past Experience tells us that this pattern usually breaks out to the upside. This is why they call it a bull flag! This does not mean to enter buy now! It means that u need to enter a buy on the breakout of the flag!

RlcTrading Updated 

As you can see from the chart , AUD is at its lowest point in 10 years. Price actually came down to the flash crash area. I can not see price moving any lower. On the fundamental side , Bloomberg reports that the economy will do much better after Aussie residents received their income tax returns recently and many other factors you can read by doing a simple...

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Cad/Chf has gave the sell signal on hour 4 and I did some analysis on the daily chart! Cad/Chf is slow, but one of my favorite pairs to trade as it usually gets to where its going quite nicely!!! Enjoy!!! Remember that our Aud/Cad buy is still active and Aud has moved bullish this hour! Cheers from the USA!!!!!

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We will be long on Aud/Cad for at least 7 more days. See Chart For Details.

RlcTrading

For a closer look u can see that price failed to go lower and moved up. Get ready for the breakout soon and add your buy limit orders on the breakout and do not enter buy now! We have to trade this correctly!

RlcTrading

This is clear. This is a bullflag pattern and price seems to be on its way up to break the pattern now. Place your longs on the breakout of the bullflag pattern

RlcTrading Updated 

Again , the way I see this is a uptrend because of the .... The trend moved down , formed a double bottom (Trend Reversal Pattern) and then formed a High , Low, Higher High , and I believe we are waiting for the lower low. Some Traders will trade the pullbacks (or lower low) but it is safer to leave your buy trades.... but when you leave your buy trades... there...

RlcTrading Updated 

So Gbp Jpy looks to be at weekly resistance and I entered a buy based on the rules of my system! Rsi is above 50 , Stochastics is coming out of the oversold area... Im holding for at least 5 days... Happy Trading!!!!

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I believe we are going for the higher low now. If you sell in a uptrend, it can be dangerous and the pullbacks are sometimes difficult to predict

RlcTrading

My Analysis is to sell! Could be right or wrong! According to the rules of the trend as i see it

RlcTrading Updated 

Remember this call on June 23? Look Below! Price broke out of the rising wedge and retested and started to move down... but then never could drop! So price RE TESTED A SECOND TIME and has now dropped! You can sell this breakout now! This is a 4 hour breakout and should be powerful! It will take time to drop... but the drop should be hard!! Good Luck!

RlcTrading Updated 

The D has not formed... is doing it now Do not trade based on this analysis as im not great with this pattern!

RlcTrading Updated 

Just wanted to update you guys that I correctly predicted this trend reversal on the 15min time frame. We got the breakout , retest, and the breakout. In order to trade successfully , these are the chart patterns we need to see and recognize before they happen. Recognizing them is not enough , we also need to know how to trade them! This was Perfectly...