Here we have a 4HR chart with the top of the chanel/range as shown, with a bullish flag just before a key area of value which in my opinion is a good sign which could be in the form of a higher impulse move higher with a retest of the chanel line or a H+S pattern. (just a couple of patterns I personally use). There is a slight consolidation before the move...
Here we have crude oil on a 4HR chart, which could be at a key point if your a technical trader with 3 options that come into play and could gain a few pips once the confirmation of a entry point,
1) we continue the upward trend, retest the dashed line and continue making higher highs, for a Conservative entry would to wait for a retest of the dashed...
Today we have a possibly have a double bottom on the 4hr chart on the usd/chf, just awaiting the break of the neckline.
My analysis for the first part of the double bottom is this grey box where price may enter or close in the box. The grey box goes from the first body of the candle to the lowest price point of the bottom. BUT CANDLES MUST NOT CLOSE...
Here we have the start of a double top forming on the GBP/USD, 1HR chart Just awaiting confirmation of the break of the neckline (black dashed line) which is also at a key level on the 4HR chart.
We have a slight decline in the price highs leading up to the double top and this can be confirmed by the decline shown in the volume bar at the bottom.
Just awaiting for the confirmation on the 4Hr chart to confirm a double top once price breaks and closes below that grey support box,
Anybody else spot this and fancy getting a few cheeky pips on the way down?
This is no way financial advice this is my own opinion and all feedback is welcomed
Trade safe and good luck
Just a little in depth chart analysis (in my opinion) why I think GOLD is going to be on a impulsive move higher.
At the start we see a small consolidation (grey box) before a flag pattern to a bullish side.
The gaps (long grey boxes) have been filled and could act as support.
There is a small consolidation at the top of the chart before it breaks into a...
Hi all, just an idea see what you all think into how I look and start a trade, how do you look to start a trade?
Here's a setup I am keeping an eye on with a possibility of 3 out comes:
1. We can trade the support and resistance upon the grey area of value.
2. Price could break the resistance and give us a break with a retest of the grey area of value...
Noticed a decending triangle/wedge on the 4HR timeframe - GBPUSD and waiting on 1 of 2 confirmations:
1) if price breaks the trend line in a upward conformation I have plotted what I think could possibility be a breakout and re-test the area of value (grey box) to push price up.
2) if the price breaks and closes below the support (red box) then take...
I am new to trading and would like to share my idea of shorting on the USD/JPY. As you can see I have used basic trend analysis with S+R as an area of value. All feedback is welcomed.
I'm new to trading been trading for a few months now and just seen if anybody agrees with my short trade on the USD/JPY. Basic trend analysis with S+R acting as areas of value.
Feedback in welcomed, trade safe :)