Looking at Great British Pound versus US dollar which has come up to resistance levels around 1.31 as highlighted in our trading view chart. This idea comes from a combination of price action and technicals.
On our chart we have RSI and bollingers both forming bullish trendlines to match price action of higher lows since late April. We also...
EURAUD recently broke out of trend line Resistance last week, but if you check out the daily chart you can see the last 3 days have all had rejections form Aprils high @ 0.618 , swinging above yet failing to close above on all 3 days, seems weak from the bulls.
Stoch 55,5,3 is at resistance of 93 and RSI has big divergence on the 4 hour.
The concerning aspect of...
Last post: May 31st 2018. See chart.
Review: Price was struggling to break through the round number 9.0000.
Update: The bulls are firmly in control. Price is now trading above the ATH and showing signs of strength towards 10.0000.
Conclusion: Standing aside until a clear trend direction has been confirmed above the ATH. Patience for now.
Any comments or...
An interesting day, price-action wise, yesterday.
Today, more Q1 earnings reports – may put spanner in the works.
Overnight, price coiled around the highs of yesterday. Price is above yesterday’s POC and has tested yesterday’s high several times.
My take is that price will shoot through the October highs. As to whether it continues, that’s down to earnings...
The first day back from a long weekend. Yesterday's trading volume was rather low as expected, since most of Europe was on holiday. Today, Tuesday, overnight session trading was confined to a narrow range of 6pts within the highs of yesterday's NY session. On open, I am expecting the price to test yesterday's highs.
Note this week heavy on Q1 earnings. Rather...
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...
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...
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