Britain has been doing terrible since it's issued article 50 of the Lisbon Treaty for it to leave the European Union, from there the country has been unstable economically, but the banks were preserved with this information and that caused the GBP to recover for a bit, on Thursday we've had fundamentals released by the bank of England which confirmed Britain has...
Not much confirmation on this one but we may see a heavy downside movement to 1122 area. Candles are ranging at the moment so hoping to see a break downwards slowly descending to the target. Still high possibility of breaking to the upside towards my stop since i may be to early on my entry, but i am confident it will become a bearish game.
Following my previous post, EURUSD using the news as momentum, chose to break through the daily trendline, hold and then continue on with it's bearish movement. As I suggested in my previous post if this was to happen we could look for the EURUSD to continue short all the to the weekly trend support line. Currently the pair is pulling back in preparation for its...
support on 114.350 formed double top, divergence spotted on stoc (9,3,3), signal shape candle is forming, once the candlestick closed and confirmed as a signal candle, target short to fibo 50% and 38.2% current price is at 113.933 SL- 114.500 TP1- 111.367 TP2- 110.662
Support becomes resistance on the GBPUSD.
i can dream what is going to happen because i sleep with the charts, i think my analysis is going to be perfect, no doubts, steem will hit around 1800 mark my words, maybe 1200 while it is on its way to 1800. idk why, i just analyze on my own way, i dont seek for reasons, the paterns repeat themself, like day an night.
Chart speaks for itself. It need to get back above ~1.1160 and above the trendline to confirm. Just an idea, not an advice!
Keep Your charts clean and simple, breakout of descending trendline, price came back to retest and formed an indecision candle at 32% retracement
Here's my reasoning: People who own LTC want it to be worth more money. And people who buy LTC also want it to be worth more money.
Hey all, Heres a Bat pattern that I forgot to publish but was a trade taken. It's a small Bearish bat pattern on USDJPY. We managed to roll over very pain free to target 1 however then moved back up to break even stopping us out. For those who don't know, I like to trade 2 positions per trade with 2 targets. Once target 1 is hit, I then move the stop loss on...
Hey all, Here is a potential short Cypher pattern forming on AUDUSD 4H. It still has quite a while to go however we are now on the final C-D leg and looking to break above the B leg structure point. If we do get a pattern completion, we will be looking for the usual 38.2 and 61.8 fibonacci targets. The risk reward on this pattern gives us approx a 1:1 to target...
We can see that price is currently in an uptrend, heading to 1.0980: a key level, 0.618 of the latest weekly swing down, and completion point for an AB=CD pattern. Looking for a daily candle signal at this zone to enter any shorts, riding the wave up until then.
Hi guys, here on AUDNZD we have no structure looking left on the higher timeframe. In cases like this i start looking for simple pattern formations, like flags, triangles and wedges in the trend direction. On the chart above you have what could be considered a flag pattern that's been broken to the upside. Price is now retracing back and giving us a better risk to...
Simple analysis on gold. Price has finished 3 waves to the upside and will now continue this short term bearish trend until the 38.2 levels. Afterwards we should see the final wave 5 push to the upside
Hi guys, just wanted to let you know that i'm watching attentively to this pair, since price is testing a very important structure level that acted as support and resistance many times in the past. As of now, i'm looking for weaknesses in order to short the market: notice that we're deeply in overbought condition and price is testing a psychological number (along...
Daily time frame: 100% trail your stop loss with this pair BUT do not move that stop loss until atleast 50% of that green area has been breached my key target for this pair is potentially hitting 1.0500 past this green area so it's your choice how you take this trade I know what I am doing.
ENTRY: 1.37 ~ 1.38 Key LT Weekly Support Zone The first strong bullish bounce inside the zone indicates there are some buying momentum Wait for pullback around the swing low area @ 1.3730 to go long STOP: below swing low @ 1.3730 and 1.37 PRN TARGET: 1.400 (potential+5R)
Traders believe that one should always have a prediction. However, trading is not like that, at least that is not the way I, or any of the traders I work with, do it. I analyze the market and create a "Killzone" or zone where I want to get involved, and IF the market gets there, THEN I look for a reason to get involved. Sometimes, the market never gets there,...