Nathanp7

Nathanp7

A clear ascending channel that has been broken and has been retested on the 1hr time frame with a bearish pin bar. Market structure has changed and now potentially created a lower high. This change in market structure has now potentially created a price reversal pattern, a head and shoulders. I will be waiting for price to break the 0.8877 level ( kneckline),...

Nathanp7

- Price has broken out the ascending channel and the 4hr hour trend line. - Market structure has also altered, as price has now created a higher high suggesting buyers have more power in the market than sellers. - The change in market structure has occurred at monthly support suggesting a move back to the upside. - Furthermore the change in market structure has...

Nathanp7

Here we have an ascending channel and we have finally had 3 touches of the upper trend line (blue circles) suggesting a move towards the downside. We have also broken another trend line that has been respected. Market structure has also changed as price has now created a lower low marked by the red circle. Price is now currently retesting this broken trend line...

Nathanp7

Very simple market structure here. The daily time frame shows the market in a bearish trend. With an impluse, a correction to the upside then continuation to the downside. There has been 3 days of multiple rejections in the descending channel and has now created a bearish shooting star, suggesting a strong move towards the downside. Watch the comments as I will...

Nathanp7

Here on the monthly time frame price is creating a squeeze an ascending wedge. Inside this wedge we have another ascending wedge forming on the daily time which is marked by the blue trend lines. I have also marked out monthly zones and we are nearing an area with a lot of sell sensitivity. The arrows also show where price has touched the trend line. I am...

Nathanp7

There is an ascending channel and appears to be a breakout and retest of the trend line and looks likely that price will continue to the downside. I will be aiming to take a position short on this. - Wait for a 4hr candle close below the resistance zone . - Wait for a pullback and a retest of this zone. - Wait for a rejection on the 1 hour or 30 min chart....

Nathanp7 Updated 

Here we have a small ascending channel marked by the red trend lines inside a much larger ascending change channel marked in the the blue lines. We have had two touches on the upper trend line on the large ascending channel marked out by the blue circles and we have two touches on the upper trend line on the smaller ascending channel marked by the red circles....

Nathanp7

Price has been trading between the 77.33 and 79.85 range since almost the beginning of 2019. As you can see we have an upward trend creating higher highs and higher lows. Price is being squeezed into an ascending wedge. If price reaches the 79.45 area and rejects this level, this will create a lower high and be the top of the right shoulder for the head and...

Nathanp7

On the daily time frame we have entered a downtrend with lower highs and lower lows. Price has now finally completed its exhaustion phase and we are looking for a continuation to the downside. Here on the 4 hour chart we have an ascending wedge which is price correcting itself before a push to the downside. I am looking for a third touch on the top of the...

Nathanp7

As you can see we have upward trend with a series of higher highs and high lower being squeezed and forming a wedge. Then price makes a lower low at 0.94990. This is a change in market structure, so we can assume price is now in a downward trend. Price has then pulled back to a resistance area around 0.9025 to create a lower high giving more confirmation to a...

Nathanp7 Updated 

Gold has reached a resistance level of around 1322, which is also 0.618 Fib level on the daily time frame. A bearish shooting star reversal pattern has been created on the 4hr chart suggesting a reversal in direction of price. Although price action may seem to be in an uptrend, I believe it to be in a downtrend as a lower low was created at 1283 and the previous...

Nathanp7

This is a simple break and retest trade. - We have a 4hr candle close above the resistance zone . - Wait for a pullback and a retest of this zone. - Wait for a rejection on the 1 hour or 30 min chart. - Wait for price confirmation either an engulfing bar or pinbar . - Buy Let me know your thoughts on this one! Thanks

Nathanp7

This is a simple break and retest trade. - We have a 4hr candle close above the resistance zone. - Wait for a pullback and a retest of this zone. - Wait for a rejection on the 1 hour or 30 min chart. - Wait for price confirmation either an engulfing bar or pinbar. - Buy - TP1 – 111.05 - TP2 – 111.64 - (This move to the upside then would create an inverted...