Common ranging zone Wait for breakout and lower high confirmation.
USDCAD Consolidating between 1.34000 and 1.30000. Look for a break and close above or below these areas!
Gold is consolidating below major trend-line resistance, stemming from the all time highs back in 2011. The yellow metal is well supported above a rising channel from December 2015. This gives us a terminal wedge pattern, which must eventually break, but is still relatively wide. We are waiting for a daily close above zone/trend-line resistance confluence at 1350,...
Well established downtrend is now consolidating. I'm going to wait for a possible support trendline breaking to get involved short. As target I'ill pick bullish butterfly completion point (confluence with a significant static support level)
Nov 12 2015: BEARISH USDJPY 15 Min: Sell channel top (Analysis Based on 15 Min chart) Observations 1. Slight down trend which is apart of the 1 hour flag pattern 2. Consolidation NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 6 2015: BEARISH USDJPY 4 Hour: Consolidating in range; Sell resistance; Buy support (Analysis Based on 4 Hour chart) Observations 1. For the past couple of weeks this pair has been trading in a range. 2. Price broke and close above channel top 3. Price at weekly SR zone 4. RSI overbought 5. RSI regular divergence NOTE: Wait for price action to confirm the...
Nov 4 2015: BEARISH USDJPY 1 Hour: Sell BAT at market; Buy support (Analysis Based on 1 Hour chart) Observations 1. This pair has been trading in a range. 2. Price currently at resistance 3. Bearish BAT pattern now completed 4. RSI hidden divergence NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful....
Nov 4 2015: NEUTRAL GBPUSD 15 MIn: Buy support; Sell resistance; Trade breakout (Analysis Based on 15 MIn chart) Observations 1. Price has been consolidating in a narrow range NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
Nov 4 2015: NEUTRAL GBPUSD 1 Hour; Trade consolidation breakout; Buy BAT (Analysis Based on 1 hour chart) Observations 1. Price in short term up channel; Now broken 2. Price has been consolidating for the past few hours 3. Really not much going on prior to NFP 4. Bullish BAT pattern NOTE: Wait for price action to confirm the importance of this level. If you...
Nov 3 2015: BEARISH USDJPY 1 Hour: Range bound; Sell BAT; Buy Support (Analysis Based on 1 Hour chart) Observations 1. This pair has been trading in a range. 2. Price currently at resistance 3. Bearish BAT pattern 4. RSI hidden divergence NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the...
Nov 3 2015: WEEKLY GBPUSD in consolidation (Analysis Based on WEEKLY chart) Observations 1. Price has been consolidating for a couple of weeks 2. RSI close to 50 3. Price may break up or down. Potential targets are shown NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
The USDJPY has traded back into previous structure & is currently consolidating at the resistance level. To most traders this opportunity would have SHORT written all over it but I’m actually looking in the other direction. For those of you who I work with on a regular basis you know how I feel about the personality of the USDJPY and how it moves and looking on...
I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play. This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my...
Here we got a potential Cypher pattern short after a double top right at the major resistance of the 4H range top. We are looking to enter on a 0.786 retracement going short. We are still waiting for the RSI to change direction, but if we get the retracement it should come up. Kind regards Thomas Jeff
Consolidated around resistance and eventually broke out. Now pulled back on lower volume to previous resistance now acting as support. Worked off its overbought condition & found additional support on the 20DMA. Buying here with a stop @ 30.00. First target is 32.58 but only looking to take half off the table at that price.