mattytb84

mattytb84 Updated 

Oil has come into the lower parallel trend line support, watching for a bounce here.

mattytb84 Updated 

This is not the cleanest Bull Flag i've ever seen but the potential is there, especially as we have come into a key support area and it fits in with my current thoughts on the AUD in general. Alot of traders have been waiting for this pair to break substantially higher for a while now, we might now be on the cusp of that.

mattytb84 Updated 

I'm anticipating this as the last move lower in AUD/USD before a substantial correction. We have just tagged the lower longer term trend line at 0.7380 which is also the 61.8 fib of the last move higher. Having tested the 0.775 level on many occasions this move could be pretty aggressive

mattytb84

Another potential Inverse H&S in GBP this time in the GBP/SGD. Taking a conservative view and ignoring the larger spike down, targeting the 1.95 level. We are currently at the neckline so one to keep an eye on. Any thoughts or ideas appreciated

mattytb84 Updated 

I am seeing a longer term move to the downside in the USD/NOK towards the 38.2% retracement at 7.80 as shown by the trendline parallels. It is also interesting to note the price action around the two previous rate hikes in 2015 and 2016, that the market saw one last rally before turning lower. Which as of now has occurred following the March hike. As previously...

mattytb84

Worth noting the CAD Futures chart has tagged the 61.8....Keeping an eye on this one

mattytb84

Potential Inverse H&S pattern on the USD/MXN targeting another run at the 19 level and what i am hoping will be the start of a more substantial correction in this pair Any thoughts or Ideas appreciated. Good luck all

mattytb84

Is it just me or is any one else licking their lips at the 8.62 price the market has just opened up at? Great risk to reward down here imo

mattytb84

I am longer term bearish this pair, however i am keeping my eye on that gap at 0.8550 level, as i would anticipate that would more likely be filled before and if the eventual Head and Shoulder pattern plays out to the downside. Any thoughts or ideas are appreicated

mattytb84 Updated 

This is the longer term target i have been trading based on for the USD/JPY since we retouched the underside of that trend line up at the 119 area. I am anticipating a bounce before a continued move lower.

mattytb84 Updated 

Price action looks incredibly similar to me when the Fed initially began hiking back in December 2015. Something to follow should the price break lower Any thoughts or ideas are appreciated

mattytb84

We are at a big level in the GBP/CAD right now with a confluence of trendlines. Manageable risk here so I have taken a short targeting a pull back to the 1.6950 zone, SL just above the highs. Keep an eye on that daily close. Any thoughts or ideas appreciated. Good luck

mattytb84 Updated 

My strategy on the GBP is anticipating bull flag set ups. In the GBP/NZD i am looking for a move down to test 50% fib before reversing higher to the 1.86 target of the pattern completion. We have come into a channel line resistance and as such needs to be respected and therefore be open to a move back into the range, however that doesn't fit with my overall GBP...

mattytb84 Updated 

I'm sure everyone has seen this but just incase, nice potential inverse head and shoulder pattern on the hourly on EUR/USD targeting 1.07800 at the 61.8 retracement. Awaiting retest of neckline Good luck all

mattytb84 Updated 

As long as we stay below that March high of 1.35 then i am initially looking at a move down to the trendline at 1.30, followed by 1.25 and eventually 1.15 which is the 61.8 retracement and conclusion of the AB=CD pattern. I'm of the opinion that we are getting extremely close to seeing some CAD strength across the board, of which i like CAD/JPY and CAD/CHF which i...

mattytb84 Updated 

This is my longer term view on the CAD/CHF eventually aiming for 0.90 area. There is currently another potential inverse H&S pattern in the works right now but we need to see a break above the 0.7750 level before getting too excited. We are currently at an interesting level having retraced to the trendline parallel, which is also a 61.8 retracement of the last...

mattytb84 Updated 

Probably my favourite of the Sterling pairs along with GBP/AUD. The potential inverse head and shoulder pattern on the daily indicates a target of 1.36 which is nicely around the 61.8 fib retracement of the last move down. We are currently right on the neckline so good to keep an eye on the price action aroung this level. Any thoughts or ideas are appreciated

mattytb84 Updated 

I am of the opinion that the GBP is currently putting in a long term low against the USD, indicated by the potential rare triple bottom reversal pattern. It would of been nice to see the March low fall closer to the two previous lows in October and January, however it could still prove to be valid with a break and close above that 1.27ish area. I think a degree...