Hey gang! Genesis here! Found an Ascending Triangle on the Daily chart for the GBPJPY pair and if you look here closely on the 4H chart, price is hitting the trendline soon! One thing I really love about trading the insides of a pattern, is because they the entry and exits are so predictable! What influenced my decision: -Stochastics Divergence (oh, this is a...
Hey guys! A couple weeks ago I posted about a Descending Triangle on EURJPY that seems to be near completion soon! But I seem to find signals that it will be an upward breakout instead! -Stochastics have shown a bullish divergence -Weekly chart Fib Retracements has shown that this Descending Triangle is resting on the 50.0 Fib Level Seems like it could be a...
Hey gang! The GBPCHF Head and Shoulders pattern I posted 2-3 weeks ago have broken through! Wait for a retracement back to the 38.2 level at around 1.42000 before trading. What I used to determine my action: -38.2 Fib Level -Major Resistance Level -Whole number resistance (1.42000) -Head and Shoulders Pattern -Recently reversed uptrend
Hey guys! Found a good potential reversal pattern for the GBPUSD! Price has failed to create a lower low and ended up creating a lower high! This is a good signal of an uptrend! Strong horizontal resistance and upwards sideways support also point towards an Ascending Triangle! I'll be keeping my eyes on this for a while!
Hey guys! Found a potential trading opportunity on NZDUSD! So price rebounded from trendline support, but 0.68842 is a pretty strong resistance on the Daily chart, so you may want to watch out for that. Personally, I would go for a long AFTER it breaks through the 0.68842 resistance and go short if it breaks through trendline support and retests it. Let me know...
Hey gang! Hope everyone is doing fine on a Sunday! Found a potential Head and Shoulders reversal pattern that could result in a good long trade! Some confluence here points towards this: -Trend line broken and retested a Fib level at 23.6 level. -Fib level 23.6 had a false breakout and a large bullish candle just pushes it right back into a bullish...
In EURGBP as we can clearly see, price is moving towards our D point. We are going to be long from D Bullish bat pattern completion point. Last two patterns hit SL back to back but still we are doing good for the week which had massive winners. If it suits your Tradeplan..Go ahead n Buy ! Hit Thumbs Up for Likes... Share/Comment ur views...
In this monthly chart I have outlined the different support and resistance levels on the monthly chart for Kraken. I'm using this pair, since it appears to have real volume data and a more legit price action so to speak, unlike that of other exchanges with wash volume , rogue market maker activity and whatnot. The target for the first monthly signal has been...
I placed this trade hrs ago and Im abit late posting this as i had some things to do tonight. This play is very straight forward as the downtrend that started this month due to the whole greece situation is broken which is highlighted by the yellow box. I waited for confirmation that potential bullish momentum to come in then entered in. Target around 0.7020