francesgurton

francesgurton

Another profit from this week... - Descending channel - Overall downtrend in this pair ; crucial to follow these trends until clear signs of possible reversals - Entry was triggered when strong bearish rejection occurred at the resistance zone of this channel - Confluence with MACD

francesgurton

Another one from this week... Very simple set up.. -Overall downtrend in the pair across 1h to 1D charts in line with the EMA. - Price cam up to retest the resistance zone in this descending channel. - Confirmation by bearish rejection at this zone triggered entry - Confluence with the MACD

francesgurton

A trade I am currently holding. Key Points: - Overall down trend on the pair across 1h - 1D charts in line with the 200 day EMA. - Bearish flag pattern formed - Entry was triggered when [rice broke the support level of this flag acting as an indicator for continued bearish movement - MACD also showing confluence with further bearish movement A nice simple set...

francesgurton Updated 

Another set up here... CADJPY A few reasons why I entered this trade: - Following the strong uptrend with all moving averages showing as bullish - MACD suggesting further bullish movement - Bullish flag pattern formed (a continuation pattern before price continues its bullish movements) - A strong retest of the 117.55 support zone which saw a bullish...

francesgurton Updated 

Potential set up forming here! AUDJPY AUDJPY has been in a bullish movement for a few weeks now. As this move is begging to slow in momentum, we can see a continuation pattern forming; Ascending Triangle. Its important to note that these patterns are no guarantee in where price will move, but we can have a look at some factors which may suggest a bullish...

francesgurton Updated 

Here is one of the pairs I'm currently look at for a long trade. AUDCHF Previous zone of support / resistance has been re tested at the 0.6040 level. We saw a continuation pattern forming here in the way of a bullish flag pattern. We've seen price break out of this pattern at the retesting of the 0.6040 zone. A strong bullish movement at this level retesting...

francesgurton Updated 

Retests AUDCHF This set up shows an example of retesting previous areas of resistance. Price recently broke out of the 0.2010 area to reach a new high of 0.9240. Following this movement, price came back down to the resistance level of 0.2010 as a 'retest'. Signs that this retest was positive and price would likely continue on the up is the strong bullish...

francesgurton

Potential long set up forming here.. AUDCHF Price has come back town to previous resistance at 0.6050 Price could use this area as a re-test and continue the bullish momentum. Entry Requirements - Strong bullish rejection at the 0.6050 zone - Looking for confirmation of a bullish move from the MACD to increase probabilities - The trade will be going with the...

francesgurton

Potential buy set up forming for gold here. If we see strong bullish rejection at the previous resistance zone (1960.00), we could expect further bullish movement up to 1990.00. - Indicators suggest potential bullish movement to come - We're following the overall bullish trend over the past few weeks - Ascending channel, looking to see if support line is respected

francesgurton

Technical Analysis for USDCHF: - Descending triangle forming (consolidation pattern) - If price break support level at 0.8570, we could see continue bearish movement - The break of this support zone would be confirmation of entry - Indicators are suggesting potential bearish movement to come - Following the overall trend of this pair, which is bearish

francesgurton

Analysis for EUR/CHF short: - Descending channel Previous support acting as resistance at the 0.9685 level. - Indicators suggesting bearish movements on 4H timeframe - Overall bearish trend - Important rejection at the .9685 level

francesgurton

- Looking to break the resistance zone around 157.90 for further bullish movement toward 158.50 - 159.000 levels. - Very bullish pair, looking to keep in line with this trend - Entry was at 157.05, stop moved to entry - MACD indicating bullish movement

francesgurton

Bullish pennant flag pattern building here. - Recent strong bullish movements - Indicators showing signs of further bullish movement - In line with the overall trend - Looking for a break of the resistance level around 109.30

francesgurton

- Ascending triangle; looking for breakout above resistance level 102.95 - In line with overall bullish trend - Strong rejection at support zones - Indicators showing potential for bullish movement

francesgurton

- Could see price pull back when it reaches 1.8670 - If we see rejection here, price could continue its bullish movement up to the level of 1.1000 - Price will have to break through the 1D EMA at 1.0907, which may act as strong resistance

francesgurton

- Rejection at support (previous resistance, 0.8850 level) - Overall bullish trend - Could see price return to highs of 0.8980

francesgurton

- Descending triangle pattern forming - Looking for a break below 1.7500 before entry. - Overall trend is bearish, following this trend with this trade

francesgurton

- Bullish channel - Bounce of support at 1532 area - Resistance of mini channel broken (1540) - MACD ad Oscillator showing bullish potential - In agreement with moving average bullishness