Price has had a small bounce off of the bottom of the pennant that I have been discussing for the past few weeks. This is a bearish bias pennant and one that I am watching to go short from. There are 2 potential trade setups to get short, one is simply going short on a break of the bottom of the pennant, which will confirm the pattern. The second option is if...
I mentioned in a EURUSD video analysis 2 weeks ago that we might see price drop a bit further and then reverse back up to potentially form a head and shoulder pattern. That looks to be exactly what the EUR is doing right now and is now only a short distance from a key resistance level where we will be intently watching for trade setups. I will be watching for...
GBP/ In this quick take video I want to take a moment to show you a C-Clamp trade opportunity with the GBP vs USD.
All explained in the video :)
Its a game of Cat & Mouse between the Bull & Bears but my Bias is UP.
AUDUSD Has Buy & Sell confirmations on both the 4H and the Daily.
I BELIEVE THAT PRICE FOR GBPJPY MAY LOOK LIKE IT IS MOVING SLOW BUT IT IS CREEPING ON A BIG BEAR RUN. THE FACT IT CANNON GET PAST THE DOTTED (WITHOUT THE ASSISTANCE OF NEWS) I STRONGLY FEEL LIKE THIS PAIR WILL HAVE A NICE BULL RUN.
Here is a video explanation of what bitcoin is doing. If there is loss of quality just pull up my chart. Its more important that you listen to what I have to say than to look into the chart. Relax, Enjoy your weekend. Bitcoin still has a few more weeks of down side before we go back up. Ciao Not Trading Advice Friendly Charting Done...
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NZDUSD in an Area of Demand with potential Large Flag completion
AUDUSD Approaches huge Demand Zone. Confluence of Trend-Line Demand with a 38.2 & completion of a Bullish Gartley Pattern
Once again the ECB is challenged with managing market expectations, while at the same time assuaging concerns within the governing council that the prospective tightening profile (if we can call it that) is starting to lag the growth seen (on average) in the region. Emphasis is being placed on the possible wording on the easing bias, which naturally is hard to...
USDCAD in Big Supply Zone, posting Divergence on Peaks
GBP/USD has Fallen Nearly 300+ pips Since Rejecting 1.4000. THis Pair has now seen quite a divergence between the moving Averages as the new Fed Chair Powell Preaches hawkish overtones about Fed Hikes and Market Exhuberance. WIll The Cable Fall Again to Post Brexit Levels Yet Again? Looking at the chart techincally, we can see that the Weekly Ascneding Trendline...
My idea shows that bch going down to ~1160 so people wait to buy in
AUD/USD Short. Due to Gold shock or DXY Strength? RIsing intrest Rates may make bond yields more attractive for most as equities continue they're exhausted bull run. For the Time Being, The AUD/USD looks to be heading lower towards more Regional Support at .7750
Multiple areas of support beneath price make the short look as tempting as eating raw chicken.
On retracement against trend-line with Fibonnacci confluence.