lestercrest

lestercrest

GBPUSD formed a perfect wedge top, setting up a potential short opportunity in the next days. 1. The move is composed of a clear 3-Push Pattern. 2. The last push/leg is the strongest, indicating a possible exhaustion (Climatic Move). 3. At the top of the last leg, there's a sequence of 5 bars with lots of overlapping - Al Brooks' Final Flag Pattern With a good...

lestercrest

USDJPY tried multiple times to test the bear trend extreme after the 3-Push correction. It seems like bears can't keep price below the EMA, with gaps getting smaller and smaller at each bear swing. Now, it's forming sort of a Double Bottom at the bull Trend Line at the end of what seems to be a 2-legged bear move. Chances are that the bears are exhausted and if...

lestercrest

I'm long on DAX since last week, but market made a sharp and strong correction today. Bears showed a lot of strength today, so tomorrow is going to be key. If the market bounces of the bull trendline me might see another leg up to the previous high. But given the strength of this pullback, the probability of getting to the All Time High in the next few days is...

lestercrest

It looks like EURUSD is forming a Wedge Top extended from the 20 EMA, presenting a Short Scalp opportunity targeting the move back to the EMA in the next few days. Depending on how the current daily candle closes, this could be a good trade, so I'll be watching it today. The bull trend is strong on this one, so we should expect a quick resolution on this short...

lestercrest

Since Apr 22nd, XAUUSD has been in a Trading Range. Hence, I`m looking for opportunities to buy low and sell high, with a scalping target (50% of ATR14). I watched Gold fall during last week, where the bulls failed twice to push prices higher (H1 and H2). Now this next week it`s very probable that we`ll see at least another try (H3), which will have a higher...

lestercrest

BTCUSD is potentially entering in a Barb Wire, meaning bulls and bears are in equilibrium and any breakout to either side has a good chance of being a false breakout. I'm going to stay out of it for now. If price breaks through the bear TL and make a strong reversal bar at the All Time High, it could potentially be a good short trade with high RR.