Let's hope for a best!
I like last week candle very much. Looks to be very promising for longs.
One more nice channel. I also like it.
I have paid attention that UKOIL ascending channel from 2015 was recently broken upside, which allows us to draw a big ascending channel which start from 2014. I believe that there is some good possibility if price will rises above of the middle of this channel. Let's hope for a best!
l have come to like Bollinger Bands indicator recently. One of my favorite ones now right after Momentum and Moving Averages. Let's see if this time it works for smaller time-frame or not.
Look careful on the HUGE ascending channel which start in 2010. We see that price has broken it downside previously and made pullback after-that. However, price did not start to fall further but came back into a channel. That fact gives us hope that price could rise significantly till an upside of the channel. Let's hope for the best!
I like to trade triangles very much because they often show a situation from the different point of view. So this idea is based on the assumption that price could touches a triangle's base once again. I still don't believe in market falls so I would prefer to see triangle being broken upside. However, who knows what market does?
I prefer to see everything through lenses of channels however historical patterns are also very important. So this idea based on both of them. I could see strong descending channel with huge falling potential for the pair. And it also good combines with historical move which has happened previously, so I have just mirrored it in a future. Looks interesting, isn't it?
Let's wait and see if such simple approach works here. Risk management is mandatory . Huge moves both sides in Oil are always possible.
I would prefer to short a pair. A price being so close to 200SMA looks perfect to make a try. Risk Management is mandatory.
Let's hope for a best!
Looks like this figure on GBPUSD Daily chart is really very similar to H&S. Let's hope for a best! RISK MANAGEMENT ABSOLUTELY mandatory here . HUGE moves in both sides are always possible in GBPUSD - it is really very danger asset.
I have been believing of Gold rise for many-many months. I have published Triangle which was seems to be broken upside... However... Price didn't want to rise many times. You can see that trader has always to be prepared for move in opposite side. No one is able to predict how market will move. So.. this setup... is based on a fact that MAs has crossed showing us...
This triangle looks very promising... however... more decline is always possible.
You could see that I was very bearish estimated regarding this pair since January 2017... however... it has never met my estimations. And now I would also prefer to short it... however this picture.... crossed MAs + flag + ABCD structure have prevent me from short... moreover... I will try risky approach and long a pair from current. This is very very risky...
It could be really good trade: quasi Gartley pattern (you can see xD= 0.957, classic Gartley has 0.786) descending channel, however, price has came into upper part of a channel MAs 44&77 has crossed on Weekly (we previously has seen how good it worked on Gold Daily chart). Let's hope for a best! Attention: GBP is very dangerous asset - could falls...
It often happens that some figures appear and we don't believe it. Our minds tell(suggest) us that it is impossible. However, after some time it's just normal for us. I always try to be very careful with my thoughts and predictions when I meet ABCD, H&S, Channel or Triangle patterns. They all often work well. Happy trading to everyone!
You can see that I have had forecast in January of USDJPY. I had supposed that trading USDJPY in 2018 will not be so simple task. We could see now that it looks to be true. I suppose that it is still unclear now which direction pair does prefer and how to trade it. However I want to publish this setup as my deep thinking about potential pair move. I could be...