MattLetourneau

MattLetourneau

We're now approaching our next support fractal on GJ. This is a critical area to watch. What's the best thing to do? Drop down to a smaller timeframe and look for either continuation patterns or reversal patterns. My bias remains bearish as our broken wedge on the weekly chart is still very much active.

MattLetourneau

We have a potential head and shoulders on UJ. Wait for a break AND close below the neckline to enter.

MattLetourneau Updated 

CHFJPY Head and Shoulders. Wait for a close below the neckline.

MattLetourneau Updated 

We have a wedge that's formed on the 15m which coincides with what appears to be the third touch off our descending triangle. With the upcoming news on the GBP we most likely will not be taking this trade but it's a good study opportunity.

MattLetourneau Updated 

USDJPY Long.

MattLetourneau Updated 

Wait for a break and close below to enter. GBPAUD news upcoming. Be cautious.

MattLetourneau Updated 

Wait for a break and close below the wedge to enter. TP1 is the first support fractal. TP2 is the second support fractal.

MattLetourneau Updated 

Gold wedge below our resistance fractal.

MattLetourneau Updated 

A break and close below this structure will trigger shorts and lead to our next bearish impulse. The first target is the 61.8 fib extension level - When we hit this level move your SL to breakeven and let it run to the extended take profit level.

MattLetourneau Updated 

A very clean H&S setup on the daily. With a break and close below the neckline shorts will be active with a TP just shy of 1500 pips. With the proper stop loss just above the right shoulder we have a very appetizing risk to reward. Fundamentally this setup is perfectly in line with the strong GBP weakness that we've been seeing. This trade will certainly take...

MattLetourneau Updated 

Wait for a break and close below the neckline. Move stop loss to breakeven when we hit the lower trendline and depending on the price action considering closing half of the trade.

MattLetourneau Updated 

Need a break and close below the neckline to trigger shorts. An additional pattern within the H&S would be ideal to improve the R:R.