On the daily time frame we have entered a downtrend with lower highs and lower lows.
Price has now finally completed its exhaustion phase and we are looking for a continuation to the downside.
Here on the 4 hour chart we have an ascending wedge which is price correcting itself before a push to the downside.
I am looking for a third touch on the top of the...
Pound/Sterling may hold some surprises. I have spotted a major curve suggesting probability for the upside. Just don't expect it go go up in a nice smooth way. Brexit is likely to hold some favourable surprises for GBP/ pairs in the longer term. Into April, expect high volatility and trouble.
E-mini S&P continues in an uptrend. Overnight it took out yesterday and Friday's highs. On NY open today, I expect that price will come down and take out overnight lows before resuming the upward journey.
A nice structure based wedge has formed along with a nice pullback. very nice risk:reward on this trade, entered slightly late but still very high reward. leave any thoughts or ideas in the comments and happy trading:)
Hi guys, another 1 hour double top has occurred with a pullback, entry reasons met. my last two have been losses so theoretically there is a higher chance this will be a winner. third time is a charm, lets see how it plays out
i have found a nice head and shoulders pattern based upon rules i have created in order to read structure. currently sat back watching and waiting for a specific candle stick pattern within its current pullback motion. exits i will take are on the chart however my stop loss may change slightly depending where my entry reasons are met. once something has changed i...
EURJPY looking good for a short term short trade.
Price is being respected at the 124.85 level a previous area of resistance for the pair. We saw a daily rejection yesterday from this level after a push higher from the monthly support @ 124.00.
Price has consolidated today and movement has been slow, however a break below the box at 124.70 and I believe we...
EURCAD we have had a double top on the higher time frames meaning a trend reversal.
price has broken the ascending trendline and is now at a key level looking for a brilliant sell off to complete the M formation.
150 pip move risking 50 pips to gain 150
On this chart a strong trend line to the downside can be seen and proved by the continuous lower lows and lower highs. This is in confluence with the 78 Fibonacci level. This trade meets all my criteria to enter if the price can reach the 1.13640 level. This is where I currently have an order set to sell.