EURAUD has been in a bullish momentum since the beginning of 2015.
The price is now using a strong support (you can better see on Daily chart) and it has created a Double Top.
After a decline the price is about to retest the support.
If the support is invalidated we should see a long opportunity until the next structure, otherwise a short trade could be...
On Thursday the GBPUSD broke a very important structure level around the 1.58 even handle. Since that moment I had to redo my I.P.D.E. and shift my focus from a potential short at that area, to a potential long to hop on the underlying trend. In yesterday’s update I told you guys that I was looking for a retracement and you know what it looks like we’ve got one,...
If you're new to following me, yesterday I decided to dedicate an entire week to keeping you guys updated on a single pair. Below is a link to the Day 1 chart if you missed it or just need a recap on what I was looking at.
The cable was very bullish yesterday an nearly pushed up to our projected bat pattern completion. Since then we've retraced and are setting up...
GBPUSD is completing the CD leg for a massive Gartley pattern.
While waiting there is a structure trade that makes sense now.
Three new structures high have been created and the cross is moving in a very harmonic way.
I'd try to go short on the continuation of the trend with this setup:
SETUP
---------------------
Entry short @ 1.5606
Stop Loss @ 1.5638
Take...
Taking inspiration from one of my followers who messaged me this weekend, I wanted to try something different here on Tradingview and concentrate on a single pair this week instead of randomly posting charts when I have the time. (Let me know what you think of this idea by the way).
This week I wanted focus on the GBPUSD as there are a few potential trading...
To follow up on last week's EURUSD idea, the pair has finally reached higher level of structure that I liked during yesterday's Euro rally. We've now double topped at that level and have broken structure to the downside setting up for a potential 2618 opportunity for those traders looking for a conservative approach to get involved.
We do have A LOT of news on...
Sorry for being quiet this week trading view but I've been running things on the road. Also the markets have been pretty quiet this week so there just hasn't been a lot to share. Today seems to be a little bit better and I wanted to bring a potential buying opportunity on AUDUSD to your attention.
I'm already long this pair from earlier in the week. My position...
We placed NZDUSD on our radar during yesterday's Live Room session and have been tracking it ever since. I apologize in advance, but the analysis that I did on this pair is somewhat advanced so I'm not going to attempt to duplicate what I shared with you in last night's Syndicate video. Honestly speaking it's a lot clearer on the 13 period range bar charts (as...
I wanted to hold this for my webinar with Tradingview today, but it looks like we're already starting to move so I'll give it a share as well. By the way if you haven't registered here's the link blog.tradingview.com
Live Room members, if you remember last week we talked a lot about waiting for opportunities where the risk reward is heavily in our favor,...
The pair has a falling wedge pattern nearing completion.
Personally, i dont trade falling wedge patterns, so im waiting for the rally back up into previous support.
I got asked the other day about Bitcoin and what I thought about recent price action. When looking at the timeframe all that comes to mind is consolidation and bearish. As we've seen on the AUDCAD over the past few weeks (as it's nailed 4 straight cyphers) consolidation breeds patterns.
I see 2 potential patterns here on BTCUSD the first being a bearish bat...
PRICE IS STRUGGLING AT AN IMPORTANT STRUCTURE WHICH HAS ALSO FORMED A SMALL DOUBLE TOP. PRICE ACTION IS SHOWING THAT SELLERS ARE PROTECTING THIS LEVEL. THIS IS LOOKING LIKE A GOOD OPPORTUNITY TO GO SHORT IN LINE WITH THE DOWNTREND. IF PRICE MANAGES TO BREAK THE STRUCTURE LEVEL THEN THE NEXT LEVEL TO LOOK TO SELL IS AT THE 200 SMA WHICH HAS BEEN ACTING AS A DYNAMIC...
CADJPY recently broke through resistance @ the 96.80s, a level that was tested multiple times as recent as Friday.I'm hoping we see one more test before resuming to the upside.
BUY @ 96.80s
SELL @ 98.40s
STOPs below the next level of resistance @ 96.40s
As we progress this week the EURCHF is literally side ways giving pattern traders the upper hand. If the market continues lower, we could look to buy the EURCHF back into support structure at 1.0615 which lines up with the bull butterfly. Slightly above we have an AB=CD harmonic move which further gives me confidence about the direction of the market. However if...
Hey gang, lot's of dollar strength today and after big moves we typically see some relief. Below is a link to my weekly trading video where I'll walk you through the 3 different opportunities that the EURUSD will offer us to get long.
"What The Internet Won't Tell You" www.youtube.com
