Look at the reliability of bull signal bars on the 30 minute chart. Context must be correct to buy close of these bars... I won't buy a bull signal bar if market moves into tight consolidation or at top of range/channel (or bottom of range/channel if in bear market). Look for strong closes (no wick, close at top of bar), and you want close to close above...
Potential Major Trend Reversal. 1. Bull Trend 2. Test of Moving Averages (20 & 60) 3. Lower High formed 4. Decent Selling Pressure (Consecutive Bear Bars, seen visually, compared to previous Bull Bars) 5. Fairly 50/50 if it will break up or down, but I take the trade because my profit target is potentially 2 x's my initial risk, 1x.
Hello everyone. I've seen this formation in GBPUSB and thought that could be very interesting for you. I'll be following it closely since it can make a good oportunity for both for selling and buyin (I think this is going to be a downtrend, but I'm not very sure). Regards and good luck to everyone.
Nov 13 2015: BEARISH EURUSD 1H: Long term bearish channel (Analysis Based on 1 hour chart) Observations 1. Long term bearish channel 2. Two short term bullish channel 3. Bullish head and shoulder pattern 4. Price at weekly swing low NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 12 2015: BEARISH EURGBP 1 Hour: Bullish BAT pattern at market (Analysis Based on 1 hour chart) Observations 1 Short term down channel 2. RSI oversold at swing low 3. Price at down channel mid-line 4.BAT at pattern at market 5. RSI hidden divergence 6. RSI regular divergence NOTE: Wait for price action to confirm the importance of these levels. If you...
Nov 12 2015: BULLISH USDJPY 1 Hour: Buy flag pattern breakout (Analysis Based on 1 Hour chart) Observations 1. This pair has consolidated after a sharp up move NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 3 2015: BEARISH EURUSD 15 Min. Sell channel top. Buy support (Analysis Based on 15 min chart) Observations 1. Long term down channel 2. Short term down channel 3. Price at support 4. 15Min RSI oversold at swing low NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 3 2015: BEARISH EURUSD 1H: Sell channel tops; Buy BAT pattern (Analysis Based on 1 hour chart) Observations 1. Long term down channel 2. Short term down channel 3. Bullish BAT pattern 4. Oversold RSI at 1H swing low NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend opportunity based on my daily outlook If...
Nov 2 2015: BEARISH EURUSD 15 Min. Gartley completion in kill zone (Analysis Based on 15 min chart) Observations 1. Long term down trend 2. Price at resistance 3. 15Min RSI overbought at swing high 4. Bearish gartley completing in kill zone NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the...
BEARISH EURUSD 1H: Support becoming resistance. Bearish price action in kill zone. (Analysis Based on 1 hour chart) Observations 1. Long term down channel 2. Short term up channel being retested 3. Price at daily swing low 4. Overbought RSI at 1H swing high NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend...
Nov 2 2015: BULLISH EURUSD DAILY: Waiting on gartley to play out (Analysis Based on Daily charts) Criteria 1. Up trend on the Daily chart 2. Price at daily Support level 3. RSI hidden divergence 4. Gartley pattern terminating slightly below channel lows NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful....
BEARISH EURUSD WEEKLY (Analysis Based on Weekly charts) Criteria 1. Long term down trend 2.Price recently bounced at support/resistance zone 3. Recent strong bearish price action NOTE: Wait for price action to confirm the importance of these levels. I don't trade from the weekly chart. I use it to evaluate overall market direction. If you find this information...
The EURAUD pushed higher today completing the bearish Gartley pattern at the 1.272 Fib extension level. Although price has come down to test a recent minor structure level which also happens to be at the even handle 1.5700. There still maybe an opportunity to enter if price action moves higher for what would be a third test of the 1.5751 level. Depending on each...
As you can see in the chart, there's little to no space in the range where USDJPY has been locked in for some time (since the recent lower point), so here's some things to think about: The US Dollar Index ( USDOLLAR ) may breakout the resistance and go higher Or it may get rejected at the resistance and come back all the way down Considering both...
Hey traders, sorry for being away all week but I needed to get away from some of the negativity that exist on these social sites and concentrate fully on what matters most TRADING. The chart above is of a trade we took on the USDJPY this week using nothing more than the fundamental skills of reading a price chart and using the Fibonacci ratio tools. Obviously...
This pair has been consolidating in a ~200 pip range since mid July. Both monthly and weekly price action shows there is no real bullish or bearish momentum. As can be seen, the range is formulated by the 61.8 and 38.2 fib levels, with the 61.8 acting as support and 38.2 as strong resistance. On the daily timeframe, it is evident that the 38.2 fib is acting as...
Entered this trade just few hrs ago and the Target was hit just couple of mins ago! Over 90 pips profit on this pair alone along with all the EUR based pairs i traded but didnt have time to post them up here b/c i was away from the screen and there wasnt any point posting them up b/c price was reaching their targets already. Attached to this is original post...
A solid Gartley pattern to be completed with a lucky drop in value by the euro hopefully early this week. I have my entry placed on the point D , my stop placed at structure just below point X , in case the market decides to retest X . and Finally i have my limit placed at the 1.618 extension of the BC leg.