These two are called reversal patterns on GBPSEK. It is about the shape of the pattern. This is experience-based knowledge. This does not mean the most recent pattern is bound to reverse. This is not a prediction. It is a probability estimate.
GBPSEK is a very volatile instrument which is much avoided. How strange cuz volatility is needed to make profits (and...
Thar She Blows Cap'n!
It's Sunday evening, the becalmed Sunday is about to drive the Crew Completely Nuts when … THAR SHE BLOWS Cap'n!
The Wind rustles the Sail, Fractals gather at the base of the Clouds and the Seas begin to stir, something is rousing in the depths ...
And UP it comes … a KRAKEN breaking through the becalmed surface, and reaching for the...
Possible XABCD pattern showing target range between 11750 - 12000.
Patterns are everything and this run seems to follow.
(This observational Chart does not constitute advice or recommendation. You must make your own research and effect decisions based on your own judgement).
I see a falling wedge with the opportunity for profit from a short position with SL: 1.12717 and TP: 1.11000
Use risk management as if it breaks upper trend line one may want to start thinking about closing the position.
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Overall Lower Highs and Lower Lows within a nice Descending Structure. Another Descending Channel is now formed within the Higher Time Descending Structure. Anticipating a buy as it reaches the higher timeframe strucuture.
As per the analysis on screen this is what we are seeing:
- Break and retest of daily trendline
- Impulse and then a symmetrical triangle formed on the 1HR / 4HR
We are now waiting for a lower time frame break and retest of this pattern for a sell.
Sell taken on Friday January 18th after a rejection at the top of daily structure. Potential Daily retrace candle providing insight into next weeks movement. Currently running one position with the anticipation of more selling opportunities back down to the start of the running channel we've seen in the higher timeframe structure. This may be the start of an...
On this pair we have a large triangle patter, at the moment GBPJPY trying to break above boosted by better GDP data exp. 0.1/ act.0.2. If bulls will have enough steam to break upcoming levels are pointed by dotted lines and a final target blue line.
BTC/USD made a clear triangle patter. At the moment price is very close to the top triangle (large grey line) also we have a smaller triangle patter next to this resistance (smaller grey line). Break through it can indicate bigger correction to the upside. Be awere there is still plenty of strong resistance zones above (dotted lines) .
We have a strong momentum to the upside and daily candle close near 1.1500, I think if the price will manage to stay above 1.14 we can see another retest of the top and posible break out to the uspide. So far from the technical side I see a short term bullish reversal.
In this screencast I look back to 2008 to get an idea of what happened in the last crash.
As I'm in a lot of positive equity, I don't want to become complacent in my trend following. So - I've looked back to see the sort of bouncing around of price I could expect (if the current picture unfolds similarly).
To be clear, I...
A buy stop order has been set in $LLY at 116.60 following the formation of a VCP pattern within a very tight base.
Initially looking for a 2:1 risk-reward.
These are exciting times with NZDUSD - in fact all NZD pairs hold excitement around now.
In the screencast I'm stalking the Fib 50 - 61.8% looking for the first sign of move south. Of course it could go north by any amount. However, I think there could be difficulty in that area.
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