Sensei

Sensei

Love the respect for the lower trend line boundary here. Near perfect closes and bounces from the green highlighted areas. The upper line is debatable but we'll jump that hurdle when (if) we get there. If the current candle closes again on or above the trend line I will enter a long position. Enjoy!

Sensei

EURNZD recently broke out bullish in a pretty furious way from what was a nearly identical setup to this. A close above this resistance here around the 1.745 mark will trigger me in long. Lets see if this has as much steam as EURNZD did. Happy trading!

Sensei

The accuracy of the trend line is still in question here. Thats why i've drawn two of them on the lower boundary of the triangle. The dotted line and the solid. Watching the price action closely at these levels to see where exactly we get a bounce, if at all. This could be a good one as i think this pair may be pretty bullish long term. Enjoy

Sensei

Do we break this flat top and continue bullish or do we bounce back downward as we did previously at this price level? Needs more confirmation. Watch closely

Sensei

A large down trending triangle/wedge has shaped up. Ar the same time, price is currently hitting a flat top within the wedge and the two structures are now intersecting. Do we get a bounce here or a vicious breakout? Only the price action will tell. Its a tough call at this point so i'll wait on further confirmation to dictate the nature of my trade.

Sensei

This is just begging for a breakdown really. Although this pair can be quite choppy much of the time, that is to be taken into consideration. Lets see

Sensei

Another touch of the down trend line with a bounce. Looks bearish

Sensei

This pattern on the 4HR chart has shaped up into a fairly good looking head and shoulders in my opinion. The support line is pretty clearly defined and the head and both shoulders happened pretty nicely as well. Either way i think its clearly in some kind of distribution phase for this time frame, and selling the break of the support line wouldnt be a bad idea if...

Sensei

SO We've had a fairly decent looking triangle and a small small bearish breakout so far. Currently this looks to be making a move to retest the support line of the triangle which should now serve as resistance. Looking for bearish activity there for another short entry. Textbook so far, lets see what happens

Sensei

One could argue this pattern outlined by the trend lines i've drawn in blue is a triangle. If not, certainly it could be said that the lower horizontal trend line is a support. Either way, we're definitely looking to break lower in my opinion. Easy setup here, sell the breakout. Enjoy!

Sensei

I like the trend line here. Bounces are clean. Here we are again interacting with it. Looking for a little bearish price action for confirmation before i enter, but i really feel like thats inevitable. The way price ran into this trendline should send it right back reversing the other way. Lets wait on the confirmation to make a move. Enjoy!

Sensei

Down trend line here in play just the way i like it, widely spaced touches with nice directional bounces. Coming off the third touch here. Moving averages are bending bearish and price action has lost it's bullish steam. Looking for a little more candle confirmation but bearish entry will be coming soon. Enjoy!

Sensei

Going to be watching this area closely to see what kind of price action accumulates. We could easily rest here and then bounce higher, or rest and make a push lower. Lets see

Sensei

Bearish flag looks to be in play, looking to take a position on the breakdown. Clear and simple setup with great risk:reward. Happy trading

Sensei

I THINK MY CHART SAYS IT ALL HERE, BUT I'M WAITING ON A SOME BULLISH CONFIRMATION TO INDICATE BUYERS ARE STILL INTERESTED AT THESE LEVELS. A BREAKOUT BEARISH IS ALSO A POSSIBILITY. LETS SEE. HAPPY TRADING

Sensei

This trendline continues to be in play for GBPCAD. on the hourly chart we have a wedge/triangle taking shape that could break either way. We've been bearish here many times, so im leaning and biased bearish, however a bullish breakout is certainly possible. Waiting on further breakout confirmation. Lets see. Happy trading!

Sensei

Either we get a bounce or a breakout here. Lets wait for confirmation

Sensei

Triangle setting up it looks like. Looking for the bounce off this boundary for confirmation of this short. lets see