aaronmcalister

aaronmcalister

Broke structure on the hourly chart, might see a minor retrace before this happens

aaronmcalister

Based on the bullish engulfing on the daily chart, im looking at this potential long setup

aaronmcalister

"Dirty" Head and Shoulders, lets see what happens.

aaronmcalister

Technically we are still in a downtrend. I see that we are possibly testing the previous consolidation zone. Currently looking for shorts.

aaronmcalister

Price has presented us with a nice counter trend setup. Price is at an extended level and buyers are showing signs of exhaustion. We have negative divergence and double top at channel resistance. Lets see how this plays out.

aaronmcalister

Price is trapped between support and resistance. A break in either direction will trigger a trade. But, I am more interested in the short opportunity because we have a more favorable risk/reward and we also have a bearish reversal pattern setting up. Let's see how this plays out.

aaronmcalister

Per my rules, I don't normally trade against the trend, but if price can break outside this box, form a lower high and retest the area, I would consider a short position. With a lower lot size and tight stop loss. Also, it would be interesting to see if price can form a head and shoulder reversal pattern. This would provide additional confirmation for a short position.

aaronmcalister

Price is setting up a reversal pattern on the 4Hr chart, can price hold this support area and see a retest of our head and shoulder neckline? or will price break and go to 91.33 - 91.00?? Price is going to do whatever it wants, and I will just follow it.

aaronmcalister Updated 

My bullish bias on GBP/JPY. If you want, you can play the breakout in either direction, but I'm only interested in buy opportunities.