ForexChicken

ForexChicken

Price to continue to demand area. * Break of structure. * Buyside liquidity swept. * Internal Change of Character. * Fair Value Gap.

ForexChicken

Broken trend to the upside with a RSI Divergence. Liquidity sweep above the current resistance level and now re-test a support level. Target slightly below yesterday's pivot point(0.638) Break-even once resistance level has been broken.

ForexChicken Updated 

Pair has reached a potential strong support level (Higher TF). Has been rejeted out of the level and went into consolidation/ranging. Now price has broke out of consolidation. Could enter on break-out or re-test. Target latest level of resistance or set a 2:1 R/R

ForexChicken Updated 

Strong pull-back from a bullish run on Gold. Approaching the 61.8% Fibo level where is also an area of support. Looking for an rejection or bullish engulfing candle in the area to confirm this trade. Short term target, we could TP at 23.6% Fibo where it may proof to be fresh level of strong resistance.

ForexChicken

Possible bearish scenario for sell entry. RSI divergence on the 4H TF. Rising wedge pattern formed. Price is rejected at the same area since mid October. 2 scenarios for entry. 1.) On the next bearish 4H candle. 2.) Break-out of wedge pattern. Target last level of support. Invalid trade if HigherHigh is formed.

ForexChicken Updated 

RSI Divergence on the last 3 Highs with a rising wedge pattern now broken to the down side. Currently a Re-Test at resistance level/trend-line. Waiting for the bearish confirmation candle to proceed with trade. 2 targets: Last 2 level of support.

ForexChicken

We have a broken rising channel to the downside and now the last resistance level is being tested again. Will want to see a rejection at the level or an engulfing candlestick to confirm entry. Target 2 level of support.

ForexChicken

We can see a rising wedge formed with a RSI divergence signaling a potential reversal to the down side. Waiting for the break to the downside for entry or the re-test. Target next support level.

ForexChicken

We have a potential H&S forming on the 1H TF. Waiting for break-out for entry or the re-test. Target 2 levels of support.

ForexChicken

Oil is rising amidst global events in the Ukraine and China. We now have a falling wedge signaling a possible bullish run will continue. Will need to see the break to the upside. Target last high or maybe a trailing stop. Please follow a strict money management rule. Preserve you capital. Losses are inevitable.

ForexChicken Updated 

We can see the the 2 highs/Tops had signaled a divergence, hence now trend is in favour of the bears. We can see a nice structure broken through and then re-tested, forming a bearish flag pattern. We can also see that bigger bearish candles are formed every time its rejected at the fresh resistance level(Good bearish pressure). A break-out to the downside would...

ForexChicken Updated 

We had an inverted Head & Shoulder pattern formed, broke out to the upside and now re-testing the neckline turned support level. Should we se a strong bull candle close above the support level, that is our entry. We will target the very last high.

ForexChicken Updated 

Double bottom has been formed. Waiting for a break through the current resistance level. Target next area of resistance.

ForexChicken Updated 

A repeat pattern happening again. By now those who follows me will know the game plan. Refer to my last set-up too.

ForexChicken Updated 

We have now form another falling wedge within a probable ascending channel. Double bottom formed as price rejected twice in the area. 21.50 > Area to be cautious.

ForexChicken Updated 

Gold is still in overall uptrend. Currently we can see that it has finally broke out of the downtrend channel and start to make it way up. We can target its last high and probably beyond for next week.

ForexChicken Updated 

Pair is still in a bearish trend. We can see that a recent candlestick rejection just happened on the 1hr TF, indicating a strong selling pressure. Waiting for 2nd candlestick to close as a bear candle to confirm trade. Target last low/support area.

ForexChicken Updated 

I was very busy today to spot out this favourite pattern of mine, which hits my potential target. But for educational purposes let's see what has happened here; Following yesterday's sell(Hit TP), we can see that a falling wedge has formed and broke-out to the upside. This is followed by a re-test at a support level, rejected and heads to the last resistance...