SignalTradersUK

SignalTradersUK

As the trend line was broken last night, we expect the channel to break in the opposite direction.

SignalTradersUK

Keeping with the medium term trend, we're looking to trade this Break Out.

SignalTradersUK

Britain avoids triple dip recession for now. USD figures out later also BOJ announcements over the next 24 hours. Here is how we look at the EUR/USD outlook.

SignalTradersUK

If we can't clear resistance above through to 1.34000 , there is still a case for us going down for another leg to new lows. The red boxes to the left were particularly grueling last time, so caution is needed. Though what would put everyones mind at ease would be if we just blasted up to 1.34000 without stopping. Here's wishing ...

SignalTradersUK

Went long on the break out of the H4 Inside Bar. Stops below swing low 1.30100 First PT would be 1.34000 where we had a lot of resistance before.

SignalTradersUK

Price has retraced to the 0.618 (61.8%) and it held. This usually indicates a higher move is due and we have placed the stop under the swing low. 1.2660 Placing the Pitchfork also highlights where the next levels of resistance will be and possibly last line of defense.

SignalTradersUK

looking to describe the Harmonic patterns found on a M1 chart. Currently looking for a termination at D, to start trading Bullish again

SignalTradersUK

Following on from the previous potential Gartley, which didn't terminate at point D, We are now looking at the possibility of a larger Bearish Gartley. This would have a terminating D above the current area of B, which should be 0.618 retracement of line XA.

SignalTradersUK

Looking for Price to test a few levels before calling this a Bullish Gartley. If Price gets beyond A before testing D , that would also be Bullish. A break of X is neither confirmation of a Gartley or Bullish.

SignalTradersUK

Now that we have broken 1.3500 , should we be looking to Short at previous Resistance or does that Resistance now become Support ? There was always a potential Inv H&S , but now that we have tested the neck line, and broken 1.3500 it would appear that it is a IH&S. Taking the distance from top of the head and neck line, projecting from the neck line an equal...

SignalTradersUK

After such a long uptrend, AAPL had to have a correction. Is this the start of a Bear market on AAPL or is it just profit taking? Currently trading within last weeks Bearish candle, so a break of the lows would signal a continuation of that Bear move. However, after a Big Up, Big Down move, comes Big Confusion and a Range Bound Market. AAPL are great at product...

SignalTradersUK

Using A bounce off the Long Term Trend Line can give us a set up. A-B should = C-D for this to be right. However, an overshoot to the 1.618 Fib Extension is also a possibility, so should be kept in mind for longer term trading. A close below C, is the confirmation that a reversal has happened.

SignalTradersUK

Following on from the Weekly charts posted this week, we are buying anything Bullish. The Price Action is showing a consolidation under a Resistance area and a 00 number ie 1.3400 If we break higher with Momentum and close above 1.3400 the chart will become very Bullish. A Stop still below the range is preferable, as it's Friday tomorrow and you don't want to...

SignalTradersUK

MACD is above 0 MACD/Signal is above 0 MACD is making higher highs and higher lows, currently no Divergence Price is Above 1.3000 Price is Above 8 ema Price broke down trend line Price is Above up trend line, has tested 3 times. 4 would make the line even stronger, assuming it held. CCY pair has been ranging here for over 3 years, has tested the low last year,...

SignalTradersUK

Market pushed into weekly support, rejected the area and proceeds in the trend direction. Under the support traders who were weak long, were stopped out. This encouraged short sellers to trade only to find themselves selling into major support. Sellers quickly run dry and buying resumes.

SignalTradersUK

The idea is to get above the 1.3400 area as this has been support and resistance several times over several years. This weeks Bullish reversal is a Signal for us that 1.3400 is the first Profit Objective, 1.3800 (2nd) , 1.4400 (3rd) and final should the Bearish wedge hold. If not its shooting for the moon and 1.5600 The weekly charts are showing higher highs and...