Similar to the Head and shoulders short trade that I took on the GBPNZD 1h chart, I think that a similar move can be expected here on the USDJPY 1d time frame. We have a prevailing bearish trend and a pretty good risk to reward using the projection from the height of the pattern; a profit target at the 1.27 ext would yield just better than a 1:t risk to reward for...
There is a potential bat pattern setting up on copper, since it is 1D timeframe, it may take a couple of days or weeks to complete if it does at all I'll be keeping a close eye on it and looking for a long opportunity at the completion
After the price couldn't break through the upside of the last high anymore a double top was formed and the price fall down below the trendline. Now the price has retraced 76.40% and it seems that a lower high has formed. Normally I would watch for a good opportunity for a short trade here but because of the referendum tomorrow I will stay out of any trades for...
GBPAUD well, there is not much to say, in 15m just broke a nice resistance, it seems that will make a nice shoulder-head-shoulder, also seems like the 1h and 15m 5th elliot wave, and the end of a 4th wave on 4h. It coudn't suppas the fibbo resistance. And well, in the lv2 there are like the HELL of a lot of selling positions right above that is scaring the price...
BTCUSD We all are aware of the halving that will ocur around 11 Jul 2016 06:03:16. Depending on the mining it can happen earlier or later. But it will happen around that time. This huge triangle could meet it's end on that halving period when the price especulate to rise long, and the mining will meet a halve progresion. Until then I suggest to look foward the...
BTCUSD We all are aware of the halving that will ocur around 11 Jul 2016 06:03:16. Depending on the mining it can happen earlier or later. But it will happen around that time. This huge triangle could meet it's end on that halving period when the price especulate to rise long, and the mining will meet a halve progresion. Until then I suggest to look foward the...
I will be looking for a movement below the green support on Monday before placing a trade. Overall this pair is trending down and it has pulled back to resistance. I believe this is a good time to short with the proper signals. I will be paying close attention to RSI and MACD. I have 3 TPs shown. The green line is long term support on the weekly. Looking like a...