The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue....
wow, its been ages since I have posted here. Sorry guys, I have been very busy. But this morning I had a chance to breathe so I decided to show you what I am keeping an eye on. I am waiting for price to come back into previous support now turned resistance on the Hourly Timeframe AFTER it breaks that last level of support down at 138.000 even handle. We had a nice...
Hey Traders ! Feels like its been forever since I posted, markets have been providing me with little opportunity so there hasn't been much to post, and If I posted ever idea that I had, then this would be a signal service instead educational content. Today I want to give you guys a look at GBPJPY. So I have been following this pair for quite a bit now and its...
Straight forward Double top, possiblity of a 2618 depending on how things progress. But last weeks candle didnt close higher than the previous high, previous area of Resistance.
I have a Long view on this pair up to the D point of the possible cypher. Looking at how we may get there, as you can see the previous candle came all the way down to previous support and rejected this are and moved up. This current candle is in or around another are of previous support. If we see the candle close above the trend line I feel we will see a move...
If the Daily candle doesnt close lower I feel we will see a rise from these levels. Previous area of Support and has risen from here before
Double Top forming on the Daily, This ties in with my view that their is a possible Cypher formation happening
Following on from my cypher idea on the 60 min chart, we have come back up into previous levels of resistance If this candle closes in the highlighted area I feel we will see movement downwards as we are in the oversold area of the RSI
A Bearish Cypher is nearing completion on the 1 Hr chart Couple of targets marked at the 382 and 618 levels, good RR
The pound have been on a very choppy ride sideways lately, but what means bad conditions for others, means good conditions for harmonic patterns, or fib structures. So here we got a Bat pattern setup on the GBPUSD we had an Cypher earlier that got invalid, and turned in to this setup where we are going short at 1,43183 at our PRZ level, stops and targets are on...
We have had our Double top and impulse leg down if we see a retracement to the 618 I feel that pervious support could act as ressitance and see a move to the downside
Here on the 1hr chart we have a few different reasons to believe this pair may be headed lower. These reasons consist of a double top, RSI divergence and previous structure support that could now act as resistence. There was also a couple of fib levels that came in around this area aswell and we are very close to the even handle number of .99000 which will...
Hello, traders. I'm for this bat pattern to complete to enter short in anticipation of the downtrend to continue)
This is not i trade I'm gonna be taking because i already have a long position open on this pair and I'm still waiting for my second target to be hit (54 pips booked on first target already). This is for anyone who's missed the initial bullish gartley pattern, you might have another chance to get some profit out of this structure trade. These are the technical...
Following my post from yesterday on the structure trade set up on this pair, the market has now reached our target giving us a total profit of 56 pips. The gartley trade we took on this pair early today has also given us a profit of 31 pips on our 2 targets. That's me done for the week. I do have a few position open still. www.tradewithme.co.uk
This pair is continuing to show bearish signs by making new lows and we now have a nice trend continuation trade setting up. If get a rally back in to 1.5070-1.5100, It will be a good place to short. The area also happens to be the 61.8 retracement of the recent downward move and I'll also like to see overbought conditions on my RSI before I take this trade. So...
Here we have an 1.618 inversion lining up with previous structure and overbought RSI. For me this trade works best as a part of my CTS scoring system, so taking that into account i have decided that i need a couple of more things to happen before i can take this trade. I will be waiting for a double top back up at the 1.618 inversion along with some RSI...