corrections

FX:EURGBP, OANDA:EURGBP, FOREXCOM:EURGBP, FOREXCOM:EURGBP A confluence of Fibonacci levels on the weekly - Selling EURGBP Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity. Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions. 4H -...

Trade Idea Price action looks to be forming a top. In line with the possible early stages of a head & shoulders pattern and the strong rejection of gains, we look to set shorts in anticipation of a swing lower. We have a 50% Fibonacci pullback level of 0.9207 from 0.9090 to 0.9324. There is scope for mild buying at the open but gains should be limited. Further...

eurnzd was in this triangle formation for quite sometime now. Going into the 4hr I see bearish correctional moves appearing with large pip movement so I went even lower and found another correctional move and another sub correctional move inside that (pink is 15min chart). Waiting for price to break out of correctional move and follow...

eurnzd was in this consolidation period for a while now but there was some big moves on 4hr chart that I took notice of. Price rejected daily trendline and made a bear flag which worked and than price made another correctional move followed by a rising wedge which gives me 2 confirmations that markets are going go...

daily chart shows audjpy has bounced off weekly trendline, price than made an ascending triangle but failed to break to the upside and did the opposite. Price was selling off instead, made a correctional move after impulse kicked in and broke through minor support which has now become minor resistance. Waiting on price to retest resistance for confirmation that...

DAY TRADE - EXPIRES AT 9PM UK Trade Idea Trading within a Bearish Channel formation. A break of bespoke support at 1.2341, and the move lower is already underway. Bespoke resistance is located at 1.2387. The bias remains mildly bullish but there is scope for a move in either direction at the open. Further downside is expected although we prefer to set shorts at...

Gold currently has strength but i suspect it will only be for this week. The 2nd half of July will be weak for gold and an opportune time to start picking up positions in your favourite miners.

Trade Idea Broken out of the channel formation to the upside. Trading within a Corrective Channel formation. Bespoke support is located at 1.1132. We look for a re-test of the downward trending support. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Expect trading to remain mixed and volatile. We look to Buy at...

Trade Idea The rally was sold and the dip bought resulting in little net change yesterday. News events could adversley affect the short term technical picture. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Price action is forming a bearish flag which has a bias to break to the downside. Although...

Trade Idea Previous resistance located at 14.39. Selling pressure from 1438 resulted in all the initial daily gains being overturned. Broken out of the triangle formation to the upside. The medium term bias remains bullish. Preferred trade is to buy on dips. Bespoke support is located at 1371. We look to Buy at 1371 Stop: 1363 Target 1: 1440 Target 2: 1450

FX:GBPCHF, OANDA:GBPCHF, FOREXCOM:GBPCHF, SAXO:GBPCHF Trade Idea A higher correction is expected. Broken out of the channel formation to the upside. The gap open from 1.2406 to 1.2414 has now been closed. The bias remains mildly bearish but there is scope for a move in either direction at the open. Although the anticipated move higher is corrective, it does...

overall move for eurusd is bearish with blue trendline respecting price on the weekly. on the daily I see price reaching D resistance zone (green), diving deeper into the 1hr, I see price created this upward channel with price now reaching d resistance zone. on the 15min, price created a bearish flag pattern, waiting for price to break out and continue moving...

5MIN Timeframe: - Price has broke through and retested the resistance level - Possible continuation trend - Long wick formed on the last 5 min candle. Price may retest this zone again. H1 Timeframe: - Doji formed at resistance level - Price may enter a state of consolidation or continue on an uptrend 5MIN & hour timeframe show contradicting signs. Wait for...

- Change in direction - Bullish Movement Anticipated - Price Floatation below previous support (expectation of breakthrough - resistance) - Candlestick closure as bearish candlestick - expecting stoploss hunting before breakthrough resistance - USD news manipulated results (remember news creates volatility not change of market direction)

On the weekly BTC finds itself within a thick ichimoku cloud. Bulls will like to test the upside boundary of the ichimoku cloud, but a correction to the downside seems likely. If we test 6530 support and hold then we will restart the upwards movement. On the contrary if we fall below 6530 then BTC heads back to 3500-4500 area.

Here we have an ascending channel and we have finally had 3 touches of the upper trend line (blue circles) suggesting a move towards the downside. We have also broken another trend line that has been respected. Market structure has also changed as price has now created a lower low marked by the red circle. Price is now currently retesting this broken trend line...

Some people a jumping for joy as there are minor corrections in the recent bull rebellion on Wall Street and S&P500. The bull trend which is visible to everybody on most time frames isn't over. Come on! In the video I show how this is one of the most powerful bullish recoveries in the history of Wall Street, and why I have no reason to think that that powerful...

This is a perfect setup of for chart patterns! Left shoulder, head and right shoulder has formed price has dropped to the neckline. Price may break through neckline or bounce off as a correction then break through. Resistance is found @0.71750 whereas Support is located @0.70179 which is also found at the 50.0 fib level. This validates the neckline of the head...