Hey gang! Found a good Head and Shoulders Pattern right here on the GBPCAD! Head Resistance: 1.93000 Neckline Support: 1.90000 Profit target: 1.87000 Its a 300 pips profit! This is my strategy for trading Head and Shoulder Patterns. Take it with a pinch of salt! If you have any recommendations on how I can improve, please do comment here! :) When to enter:...
Hey gang! Found quite a high probability Double Top right here on the Daily Chart! 1.46664 Major Resistance level has held and a bearish bar has come! What influenced my decision: 1) Weekly chart shows a downtrend I will only take trades that follow the general trend. 2) Price retracement has reached the previous low of the impulse wave on the Weekly Chart...
Hey guys! Found a good retracement back into the resistance level inside a channel! Good short all the way down to the end of the channel maybe? Good luck guys! Let me know how it turns out! Oh yeah! There is a volume divergence on the 15 min chart! Just more info to give a clearer picture :)
Hey guys! Its been a while :) found a double top pattern on the NZDUSD yet again! Trade below the neckline! Don't sell before it! Let me know what you think! Good luck everyone! :)
Hey guys! Found a descending triangle continuation pattern on the EURJPY! Always remember to wait for the close BELOW the Descending Triangle before trading! :) Good luck guys! Oh, and I would really appreciate if you guys could give me a follow! Do share your thoughts with me! It will be a great learning opportunity for me to improve in my analysis skills!
Hey guys! NZDUSD has been retracing and it has retested a big trendline's resistance and the Double Top pattern that I found a few days earlier! This means it might be a good short should it rebound! Currently waiting for the 4H candlestick to show a rebound before I enter! Good luck guys! For those wanting to see the retracement happening on the Hourly chart:
Hey gang! Whats up! Normally I would be wary of retracements on the Daily Chart, which leads to kind of a big move on the 1H chart! But hey, I found a descending triangle continuation pattern coming up! So hopefully this should net you a good short for those trying to get back into the current trend! :) Good luck people! May the pips be with you!
Beautiful Double Top at a major resistance level 0.70530 successful! Recommended to wait for a retracement before entering! Good luck guys! May the pips be with you! :)
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...
Risky set up coming into key 155 level. Could have waited to see if price breaks below this level before entering. Price going below the key 160 and showing strong downwards momentum. I can see on the weekly and month that there is much lower to go. Price is still making lower lows, and lower highs. Got some news to trade through, although on the surface this...
Finally a win. Weekly was making lower highs and lower lows - great downward trend. Downward trend had broken then longer term underlying monthly up trend. Took the trade off the 4HR - Saw a mini head and shoulders pattern emerging and thought Id risk getting in early and the formation of the top right shoulder.
Looking in from the monthly, weekly, daily, multi time analysis is suggesting and showing a huge strong down trend macd divergence. Got CHF CPI news coming up - up that is good and will help out our trade. Price has broken key .7000 level. TP Set at .69200 - will watch and may manually move to .68800 if there is strong momentum