EURCHF has found itself drop just past 2012 low and to 2015 low. Looks as if its finding support and bulls are yet to move in on the bullish falling wedge pattern. I do believe price will rocket here due to the pattern forming pretty much bang on 2015 high volume buyers price. Of course be careful however with the trade RISK/REWARD ratio a great 9.33 its...
Cup & Handle has formed showing bullish incentive with also a break in structure yet to be confirmed with a strong bullish volume candle
We either reject at the current trend line or we break out currently looking for rejection candles patterns. Possible bear flag on the hourly time frame which would indicate more downside however this is yet to be confirmed by a break
I believe due to our break of structure and the MA cross over we should see some down of minimum 30 pips to 70 pips max. This would leave us still min the 4hr tf sideways pattern of a cup and handle also
In depth look at eurgbp, currently waiting on resistance being confirmed before entering sells for a wave 5
Looking like this pairs fave setup is the head and shoulders. Pretty simple we are waiting on a neckline break and retest for a good RR trade
EURUSD has unfinished business with bulls yet to test the previous support of 1.03669 as resistance, this would also open the door for a channel test. Bullish pattern with 90/100 pips up for grabs with the cup & handle pattern
Spx500 down channels upper trend line has been touched, However still be cautious. Looking for a preferred rejection here to trade with the trend before joining in with sellers however if we see a break of the trend line here at 3960 we could break out of this channel or worst have a SL hunt on retail traders
Looking at GBPUSD we can see a 'REVERSAL PATTERN' meaning this is an indication of the bottom of this downtrend for now. USD eased off last week as it retreated from its bull run as the market stabilises. Giving room for more up on XXXUSD pairs towards the beginning of the week. This trade will be confirmed on a break & close above 1.20037. potential pips around...
AUDUSD has just broken its current 4HR down trend. Buys are not confirmed as we need a re-test and to see bullish volume candle to confirm a proper breakout. With this being said the DXY looks set to correct and with the AUD being a very weak pair last week we could see a bounce back or correction to the bullish side for this pair. The risk/Reward of this trade is...
Natural gas in full out bull mode. Falling wedge yes. Inverse head and shoulders REVERSAL PATTERN yes. Target is shown easy to follow trade
Down channel support kicking into effect with $1 = 1 euro. Support and retrace and correction should now kick in. We had a large 4HR candle rejection confirming buyers in this area and could see a test of 0.618% retrace
Bear flag which of course is a continuation pattern to the downside meaning the trend must be down which is. Nice risk/reward setup at 7.00
Rising wedge again one of my fave patterns has finally broke however we havent looked for a res. Im looking for a res at 139.800. Rejection of this level could signal the down pour to 134.500
Looking for XXXCHF pairs to have a bullish week as marked on a lot of my charts, The channel looks perfect to buy. Minimum risk and a lot of reward so why not?
Reversal pattern at the top. Easy sell entries and opportunities if you haven't already got in, just use the down channel to your advantage
Looking at my NG chart we see the broken structure of a falling wedge. This gives the indication of a bullish run. As we can see price did exactly that and bulls broke out of the structure. Targets havent been met by a long shot. We are correcting at the moment and finding our support before going up. Nice trade if we find support at the 5.950 level
I see the AUDUSD beginning the week bullish with the dxy setting a top for this week before testing 105.753 as support. This moment of correction could allow us to see an up push and for the lower trend line of the down channel to be respected. Average risk reward of around 5:50 which is a more than decent evaluation. DXY 4HR candle weak and possibly a 1 HR...