glak

glak Updated 

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glak

Double bottom pattern. Stoch oversold. TP at yellow resistance line around 1.99.

glak

Price has reached 0.618 fib level. Stoch showing overbought. Sell down to previous resistance (yellow line)

glak

Example of a textbook head and shoulders pattern - 150 pip profit

glak

Clear double bottom on the hourly time frame. Stoch is oversold indicating buying power. Previous resistance around 0.67000 area - TP for this trade. 50 pip profit.

glak

As shown on chart

glak

Price moving in a channel. Has currently touched lower support line. Bounced off the 0.618 Fibonacci level. Stoch over bought indicating buy. Overall buy set-up to around 85.000 area

glak

Triple top pattern has formed. Expecting price to head back down to neckline - monitor for neckline break. Stochastic overbought Can enter now or enter at pattern completion

glak

I previously post an analysis for this pair - double top on the four hourly time frame. With-in this pattern is a smaller double top on th hourly time frame. Take price around 1.88200 area for this smaller double top.

glak

This is a very simple trade set up. It uses indicators - Fibonacci retracment, price within a channel, previous resistance level and stochastic. Low risk trade.

glak

Price currently making higher highs and higher lows. Current higher low has bounced off the 0.618 fib level. Stochastic shows pair is overbought. Daily candle closing in the green shows the bulls are picking up power. Both previous buys have been around 150-180 pips - expecting the same this time. TP around 0.69700 area.

glak

Easy double top pattern visible. Expecting price to retouch neckline which is also the first fib retrace level. From there around a 140 pip drop over the space of a week or two. Relatively safe trade with nice risk to reward ratio.

glak

Head and shoulders pattern forming on the four hourly chart. Right shoulder forming. Pattern will complete 0.63250 area. Take price will be around 0.61900 area. Be mindful of previous low/resistance at 0.62050 area - I think price will probably bounce back up around here. Potential 100 pip profit

glak Updated 

Not your textbook perfect head and shoulders pattern but still one none the less. Evident on the one and four hourly charts. Expecting a drop of around 60 pips. Take price around the 108.6 area.

glak

Very clear double top pattern has formed. Currently starting to make downside. SELL confirmed by red candle on the four hourly chart. Stochastic overbought indicating sell. Very safe closing price would be around the 0.618 feb level which is 1.87500. Neckline is 1.86000 area. Pattern completion around 1.81500. BE MINDFUL that there are resistance lines...

glak

Head and Shoulders pattern complete. Re-rest currently occurring. Looking to open SELL position when market opens next week.

glak

Pennant forming on the 12 hourly chart. Price could break either way. Smaller time frames are showing no clear direction as yet. I will continue to monitor these in conjunction with the break of the triangle. G pairs are also expecting lots of relevant news which can pull price in either direction quickly. This is a watch and wait.

glak

Double bottom evident. Enter now or enter at neckline/completion of pattern. Stochastic indicates room for upside. Low risk trade.