TomUnderwood

TomUnderwood

$ASX:DDR has broken out of the consolidating pennant formation with an impulse move from 2.44 to 2.75. The price has subsequently retraced to retest the previous resistance turned support zone and presents a high probability buy opportunity.

TomUnderwood

- Significant resistance at 0.08

TomUnderwood Updated 

The Aussie has formed a descending double top on the weekly charts and confirming pin bar followed by bearish engulfing candle on the daily for a high probability short trade with favourable risk to reward targets. One good characteristic about this double top is the exhaustion candles (defined by the large wicks) that haven't reached the heights of the previous...

TomUnderwood Updated 

The Kiwi has been loitering around the 0.73 mark for some time and has posted a significant pin bar on the daily that pushes into the significant resistance zone however closes weakly below. This is followed by a retest of half of this candle with a weak close. This presents a high probability set up for continued falls over the coming week(s). The profit target...

TomUnderwood Updated 

Gold has been outperforming since October last year and has produced consistent and solid technical set ups. A short term descending double top has formed followed by confirming bearish candle then consolidation with a exhaustion candles. Descending double top > impulse bearish candle > consolidation with in-trend pin bar. To trade a setup like this, set a...