Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We...
GBPJPY WEEKLY BUY GBPJPY WEEKLY BUY OPPORTUNITY, WELL IT WILL BE RETEST FOR SHORT,
GBPUSD WEEKLY BUY PIN BAR We can get the opportunity in buy fever with the GBPUSD WEEKLY BUY PIN BAR
We can place buy stop on the breakout of doji bar. it has retouch the broken level and formed doji.
Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last...
Reasons for 1.price has been trending up 2. price broke major RES level 3. now price came back and retested the level and put in a major bullish candle 4. price has put in a bullish engulfing taking out 8 hours of downside movement 5. price ready to make a higher high ?
On FX:EURUSD , it is clear that bulls are in control of the price. They pushing the price up and there is no sign of bears yet. So, when do we expect bears to step in and bulls start getting their profits? The next structure high is at 1.906, however, it is not a strong level to go short. Bears would not lose their battle so easy, as they momentum and big bars...
The Yen pairs have been so good to me this week, so far i've booked in 134 pips on NZDJPY(Bullish Cypher) and USDJPY (Bullish Gartley) (Still waiting for second target) and now we have another bullish cypher set-up on CADJPY. This is not a big trade in terms of the amount of pips i stand to gain/lose (35/22) but still, it is a trading opportunity according to my...
Following my post from yesterday on this pair, I mentioned how the market might provide us with a chance to get long but due to a relatively quiet day today we didn't quite get the press back down to the best area to get long on this pair, however, the market is stuck in a descending channel following the strong bullish move we had yesterday and the good news is,...
Following my post from yesterday on the structure trade set up on this pair, the market has now reached our target giving us a total profit of 56 pips. The gartley trade we took on this pair early today has also given us a profit of 31 pips on our 2 targets. That's me done for the week. I do have a few position open still. www.tradewithme.co.uk
Following my post on this pair early last week, the market didn't do what I expected it to do on this occasion but hey losing is part of the game & besides based on the results my back-testing on this pattern I know it only has a 60% winning ratio so that's 2 winners from last week and a loser on this pair.
On FX:EURJPY , the price dropped significantly today and it is getting close to structure low around 131.638. Sellers in control on 1H bars, but it is expected that the they will take their profits at structure low and new buyers step in , which increase the EUR value against JPY. Moreover, the valid Bat pattern appears, which gives clear guidance where to...
WARNING EURJPY MRKET MAKERS GATHER BUYERS (SELL LIMIT 136.10)
Areas on the weekly chat, support/resistance and fibonacci levels target areas price lines up nicely on monthly and daily.
$40 is a significant price magnet that institutions obviously like to use as a bench mark. $40 Crude was sold in 1990, 2000, and 2003. It was bought in 2004 and 2009. I suspect that we will find buyers near 40 again. This may take a couple of months of sideways price action along 40. Oil has penetrated the monthly trend line. Most trend line breakouts are not...
ALTHOUGH PHENOMENAL STUDIES IN UK FROM THEIR PARENT PLC THEY HAVE FINALIZED A SECONDARY THAT HAS LED TO AN INCREASE IN PRICE WHICH IS RARE. IT WAS OVER SUBSCRIBED AND IT WENT QUICK. GWPH IS STUCK IN CHANNEL ON UPTREND AND WILL CONTINUE TO RISE POSSIBLE RESISTANCE IS IT'S 8 APX 88.64 EMA AND 10 APX 87.16 EMA HOWEVER IT HAS SHOWN STRENGTH THROUGH THIS DILUTION AND...
Yeasterday US markets closed in red with QQQ -0.8%, SPY -0.9% and DIA -0.94%. But this social network reversed from lows and closed near highs. I think we are close to resolution of this wide range with upside bias because of that strength. Now we have higher low @ $143.45 and important intermidiate support @ $145 that was retested intraday. Another action...