CBMotivation

CBMotivation Updated 

We have a far from perfect Head and Shoulders pattern (when is it ever perfect) developing on this pair and if it doesn't break below the open price at 109.8 (50% fib ) then we're going higher, but we're divergent on 4H and at a point of major resistance, so there is more than a 50% probability we could track down the proposed right shoulder. If and it's always a...

CBMotivation Updated 

I've been waiting for this pair to arrive back at the 61.8% fib level @1.315 and it appears I'm not the only one, the price was rejected with a nice long pin bar @1.305 a lovely bearish signal, especially when combined with a major confluence zone and divergence on reducing volume. I don't like selling against CAD right now with Oil prices on the decline, but...

CBMotivation Updated 

I've entered this trade after we pulled back into 0.99, previous support, now confirmed resistance and we're now retesting 0.983, a major support level since 2015, which with today's weakness of the US$ I'm expecting to break today, it'll be interesting how the bulls respond to that level. Long-term we're in a range between two major weekly fib levels, 61.8%...

CBMotivation Updated 

The pound is bouncing back at the moment, but remember we're in a downtrend, that means we must be patient to find a level of weakness to sell it back down, and the Aussie has bounced back too, so at some point one of them will lose and it will be the one that cannot sustain long term growth without indecision and with Brexit looming, that can only be the...

CBMotivation Updated 

I've sold this pair many times in the past few weeks, and with the current strength of the Kiwi and bearish nature of the Euro, this is an opportunity I don't want to miss out on, especially with crazy Friday approaching and an Asian overnight. This pair are very bearish and we're currently running inside a decending channel, below previous support @1.675 and...

CBMotivation Updated 

I got into this trade May 23rd @0.7568 and it's been hovering around 0.75600 just below the point of control and trying to break the previous resistance @0.76 and it's bounced around the 200 moving average. On 4h divergence is present the whole time the bulls have pushed higher, therefore reducing volume, their heart is just not in it. They've now failed to...

CBMotivation Updated 

I hate trading this bear when the Pound is so weak, but I shorted this pair at the top of the wedge @145.2 and we're now retesting the edge of the wedge again, we're consistently breaking lower lows, but it takes time to get there, takes ages to rise and then drops each time, just like this! 142 is the target, but with eyes on 140, this pair is hard-work, so...

CBMotivation Updated 

We're at a major level of resistance for the Euro against the USD, it took two weeks to break this level on the way down and despite some good numbers coming out the EU, Flash CPI, we didn't rocket up to @1.185 as expected, maybe Italy, Euro zone debt and the strength of the USD is causing uncertainty, but we have some big numbers coming out of the US very...

CBMotivation Updated 

The GBP has shown a little strength (and I mean a little), more sideways movement, but this could get us back up into an area of resistance I've marked on the chart, then we'll sell that down to the final target of the attached much bigger Head and Shoulders move that I'm still in since May 16 from the top of the Right shoulder.

CBMotivation Updated 

The neckline on the head and shoulders pattern has now been broken, a seriously bearish move which has paid dividends on similar patterns in play right now (see link below), the height from the neckline to the head is the target south from the baseline. Waiting for a SERIOUS signal to confirm the break after re-test of the neck, remember, both these currencies...

CBMotivation Updated 

There are so many political and economical reasons to continue to short this pair, it's been very profitable so far and it will continue to do so. We've passed the point of control @130 and the next two fib levels are 50% @123 and 61.8% @116 I've been short on this since the middle of last week and another hourly pullback will bring me back into add to my short positions.

CBMotivation Updated 

The neckline on the head and shoulders pattern has now been broken, a seriously bearish move which has paid dividends on similar patterns in play right now (see link below), the height from the neckline to the head is the target south from the baseline.

CBMotivation Updated 

This pair have been in an ascending channel since Sept 2016 and now price is at a major area of confluence, between the 61.8% and 50% fib of the last move down in the channel and now we're sat in a Bullish edge, waiting to explode up to complete the move to the top of the channel, so why the hell am I short this pair? There is a smaller channel within the long...

CBMotivation Updated 

We all know that there is a ridiculous amount of oil still available on earth and without OPEC manipulation, the price would still be at true value around $45 a barrel, but many oil production companies and countries, cannot sustain long term production at these levels, Russia for one has enjoyed huge revenues topping up their country surplus (Russia has very...

CBMotivation Updated 

Gold ran back up to the 1308, a nice pullback after the fall from 1325, which I sold previously (see link below). We had some disappointing numbers from the US today, durable goods -0.3% under forecast and Gold had a little sniff and fell back down, we have sentiment at 15:00 a positive response will send Gold back down to the lows and a negative response, will...

CBMotivation Updated 

Wait for a pullback into the wedge, stops outside the pattern and be patient, after this mornings negative UK inflation, I'm expecting further downside on this pair.

CBMotivation Updated 

Look at those green rockets, and this beautiful pattern formed right under my nose yesterday and so last night, I waited for a pullback and got in just after the break of the baseline, head to baseline is 150.6, so the target is 0.77191 which happens to be our next major area of FIB resistence, I love how that happens. This is not as strong as the Aussie / Yen...

CBMotivation Updated 

You can clearly see this whole thing developing nicely on the daily chart, with a bearish RSI and slowly declining volumes, a divergent market signifies a bearish move down. The distance from the head to the baseline is our profit target and I can see a "Point of control" at 1.90445 just above it so that's our target, I'm active in the trade.