BEARISH GBPUSD 15 Min: Sell Channel top and SR Zone (Analysis Based on 1 Hour chart) Criteria 1. Long term down channel (now broken) 2. Short term up channel 3. Daily support/resistance NOTE: Wait for price action to confirm the importance of these levels.
BEARISH EURUSD 15 Min (Analysis Based on 15 min chart) Criteria 1. Short term up channel 2. Down trend on 15 Min chart 3. Bearish BAT pattern NOTE: Wait for price action to confirm the importance of these levels.
BEARISH EURUSD 1H: Support becoming resistance. Wait for bearish price action. (Analysis Based on 1 hour chart) Criteria 1. Sell at daily Support/Resistance 2. Sell at daily swing low 3. Sell at channel high NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend oppertunity based on my daily outlook
BEARISH EURUSD 1H: Sell bearish price action in KILL ZONE (Analysis Based on 1 hour chart) Criteria 1. Sell at daily Support/Resistance 2. Sell at daily swing low 3. Sell at channel high NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend oppertunity based on my daily outlook
GBPAUD may potentially complete 3 bearish advanced patterns which would all be confluent with a bearish Wolfe Wave setup. To add to the bearish bias, an unhit weekly pivot sits below price. This provides for a nice target since it coincides with .618CD. SL is placed above X. KILL ZONE CONFLUENCE: Bearish cypher pattern completion 2.24AB=CD (cypher) ...
It's a busy Monday in the Markets as we're seeing a lot of corrections from last week's major news event. I've got a lot on my radar including potential longs on GBPJPY & AUDUSD. As well as a few potential shorts on GBPJPY & USDJPY. In fact the USDJPY may be filled already on a bearish Cypher . Speaking of Cyphers we have a potential bullish Cypher here on the...
After stalking the EURUSD this entire week, price action has finally made its way down into my kill zone and has also given me a reason to get long in the form of a bullish bat pattern that completed during the early London session. There are so many ways to take targets on this trade and instead of laying them all out I’ll just ask you these questions. Why are...
On Thursday the GBPUSD broke a very important structure level around the 1.58 even handle. Since that moment I had to redo my I.P.D.E. and shift my focus from a potential short at that area, to a potential long to hop on the underlying trend. In yesterday’s update I told you guys that I was looking for a retracement and you know what it looks like we’ve got one,...
VIDEO: www.youtube.com Good morning traders, we're looking at the EUR/USD on the 4 hour time frame, break through and continue the rally. Please view the video above for today's insights on the market. Don't forget to use stops and plan your trade, trade your plan. Star Prosper Philip Stewart
If you're new to following me, yesterday I decided to dedicate an entire week to keeping you guys updated on a single pair. Below is a link to the Day 1 chart if you missed it or just need a recap on what I was looking at. The cable was very bullish yesterday an nearly pushed up to our projected bat pattern completion. Since then we've retraced and are setting up...
Price hit our target then rallied because RBNZ (Reserve Bank Of New Zealand) kept interest rates the same. Price is now pulling back to previous support turned resistance which is also in confluence with the 0.76 fib level. Good opportunity to sell at this level and target 0.72000.
I don't typically watch oil too much but with all that's been in the news over the past few weeks how could I resist. Also being involved in the USDCAD trade that I shared with you guys last week caused me to keep one eye open as well. Anyway, despite the fundamentals (some of which are screaming short) the technicals are what matter to me most and in a heavy...
Support broke late last night, possibly forming resistance (looks like it now). Market went bull in the last hours, hit the kill zone, indicators beginning to confirm short term reversal/back to downtrend.
Bearish BAT pattern is setting up in a well established downtrend. At BAT completion, many fibs levels are lining up defining a nice kill zone.
Obviously we want to be very cautious going into tomorrow's trading session which features our monthly Non-Farm Employment change aka the Fireworks show. but was digging through some different markets tonight and noticed the abundance of opportunity setting up on gold. The orange Gartley pattern is technically completed but features a very shallow "D" leg which...
Reasons for entry: FE AB 127.2 Harmonic move FI CB 127 - 141 Daily strong structure, PRZ WAITING FOR DOUBLE BOTTOM, RSI OS (MAYBE DIVERGANCE) SL : Below structure TP : 38.2 of impulse leg (structure aswell)