DISCLAIMER:
1) You should consider your own Risk:Reward ratio and do proper lot sizing according to your margin and leverage level.
2 ) Not every idea is a valid trade. Some are pending orders.
3) This analysis is just a trading idea, not a trading signal for you.
4) My own trend direction estimation, entry point, stop loss and take profit levels are shown on...
Headlines are saying "Supply is increasing but consumption is dropping" "Economic Slowdown" yet.... its just the current sentiment in the market and that can and will change very quickly. Watch London/ New York session. When oil started to rebound after its sharp sell off 5 months ago its fist pull back was in this region (bottom green line) which means...
The SPXUSD (the perpetual contract of the SP 500) is somewhat of an indicator for domestic US investor sentiment. In comparison, I consider the DJIA to be an indicator of foreign capital flows to the US.
The US appears to be triggered by the nomination of a Supreme Court judge, or rather, the slander and innuendo associated with the nomination... and despite all...
Here, we are looking at the USD/ZAR on the 4h chart.
Price has broken out of the previous down trend. As price makes its way up, it has the potential to complete a bearish bat pattern at the 13.6000 level.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I hope everyone had a great weekend!
Today, we are looking at the USD/JPY. A HUGE potential bullish 5-0 pattern on the 4h chart.
In the weeks to come, we can look for price to reverse at the 116.00 level (C point) and 114.00 level (D point).
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
