Greetings Fellow Traders, Brief Overview (Check Below for detailed individual charts for educational reasons): I want to take a moment to organize my thoughts for you revolving around a pair I had a great trade off of a Head and Shoulders pattern a couple of weeks ago. It's important to understand the big picture as much as possible so you can make the most...
Very clean detailed S/R x Fibonacci retrace analysis, 62.8% retracement occurring last 2 candles suggest bullish momentum is dying out! This trade for me is a channel trade, I use Fibonacci and S/R to add confluence. Please zoom out and examine these areas The diagonal channel is 3 - 4 months old and very valid and we have seen price already bounce off the top...
Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels. Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo - Channel Commodity Index reverse also respecting diagonal channel. First target 0% on Fib retrace, trailing stop from then on - Stop based on historical kijun-sen flat...
Here at last we got a Bat pattern to look out for during the night, it got very good R:R but what worries me is that price have to come above structure before it gets to our buy zone! I only take this trade because we have a pretty high completion rate of Bat patterns on this pair. RSI is moving into overbought area so its good and you know the rules for Stops,...
Potential counter trend Gartley at a good structure area, remember its strong counter trend so half position size is advised. Entry is just under horizontal support and stop at good structure area. RSI is reaching oversold so it looks like a verifiable buy but be careful. Entry, stop and target is as you know them. Kind Regard Thomas Jeff
Goodmonring, I've been watching this pair for a while now. and i posted a potential trade 7 days ago ( ) If the price come's to Point D of the gartley pattern i will go short on this pair. on that point it could be the right shoulder of the head and shoulders. Lets see where the price is going! Good luck this week. Best regards.
Been really interested in the workings and concept base around Bitcoin so thought I would analyse it for possible opportunities. Seen a strong trend holding on the daily charts which is correlating perfectly down to the 4Hour chart. Some strong fibonacci levels in action here along side MACD and RSI indicating a pivot in momentum. Two potential targets set at...
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...
Hello and good morning traders, I hope you're all doing well in this weeks trading. I've analysed a Potential Cypher Pattern setting up within the Gartley we are also watching and we could be potentially hitting the 97.00 just in time for the NFP figures coming out. If they are to perform weaker than expected, then we can see a potential move to the downside...
THE IDEA AKRX is testing levels last touched in February. The potential to break higher exists if the market overall also continues higher from where it is trading today. THE TRIGGER If AKRX is able to trade above 52.78 with above average volume the day it does this could be good confirmation of buying pressure and a trigger to get long. The idea is to hold...
ALL CURRENCY PAIRS IN WHICH THE USD IS THE DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR ARC SHAPE SINCE THE 2009 RECESSION. AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY PAIR THAT HASNT REACHED ITS PREVIOUS LOW IS THE AUDUSD. ALL MARKETS WORK TOGETHER, THEREFORE I BELIEVE THIS PAIR IS LAGGING COMPARED TO IS RELATIVES....
ADEP, or Adept Technology, is a robotics company focusing on industrial automation, as well as software and vision guidance. Recently caught in a downtrend, ADEP seems to be making a reverse head and shoulder pattern, which could be confirmed within the next week. On the 15 min chart, there is also a cup and handle forming which if confirmed, could trigger a...
Looking for TSX:TKM to find a bottom within the current range. Nice gains possible if it happens.
As pointed out by JXMFinancial, MTZ recently bounced off on a nice volume. I have expanded the idea provided with some more observations that made me take a bullish stance on the stock: - There is a long term uptrend and the price neatly bounced off the low of it. But wait, there's more - Technicals are all on the lows, *MACD in a nice setup to turn up for...
There is an interesting lock the stock is in now. It is in-between several key lines and the following days could tell the short-term future of the stock. for now it has been keeping itself on top of 2.50 as it is a key level. Several points lead to a higher position from here. - Major point: DMI, MACD, RSI, Stoch and Acc/Dist show potential up side from these...