Can the pound really go any lower than this? We are sitting near all time lows with 1.19 being that low. Currently in an accumulation phase on the daily chart bouncing off a support from 2017 that has never gotten tested. Also bouncing off the third touch of a counter channel. Good technical confluence. The pound has taken a vicious beating this year and...
Divergence, fundamental uncertainty and 3rd touch of ascending trend line on the daily time frame. Use proper risk management, trade at your own risk.
This one is a bit of a riskier trade. Short term trend is bullish because we have made 2 HH's and 1 HL. We are waiting for the next HL to form so that we can buy this pair. Reasons for counter trend; Strong Resistance on higher time frame. Need for a HL to form.
Very high supply/ Resistance Zone on Daily. Head & Shoulders forming on Hourly. Wait for break of Neckline. Target listed with Arrow.
Very simple trade Idea Double Top with a head & shoulders forming. Wait for a break of the neckline and the arrow shows where the target is.
Wait for a break of the trendline and a break of the insuing LL.
broke the neckline of the inverse H&S. The entry signal is there. Trade at your own risk
Daily Parallel Channel + 3rd bounce of the top Channel + Break of counter trend-line on H1 makes for a nice setup because we found our directional bias on the daily timeframe and entered off the smaller timeframe. Trade at your own risk.
We have bounced off the trendline drawn a third time and are currently forming an inverse H&S pattern. Waiting for the head and right shoulder to complete before I engage in any trade. Be patient and wait for your setups to form. Trade at your own risk. Constructive criticism is appreciated.
Wait for a break out on either side. Trade at your own risk
As you can see, we are retesting the purple channel but we are at the top of the orange channel. Rare occurrence especially on the higher time frames. Look for a nice swing trade here. Trade at your own risk
I see a inverse H&S and a cup and handle pattern on the H1 for AUDUSD. Trade at your own risk.
Waiting for the right shoulder to form here. Once it forms, we will wait for a break of the neckline. I posted potential areas that price may go to.
Look for reasons to buy gold. The 4H Head & Shoulder + the parallel channel gives us a directional bias to go long on gold. We were at 4 year lows earlier this year and it is normal that demand at those prices would be high. Rising interest rates and a strong US dollar would tell us that gold is not in favor right now but I would beg to differ with all the...
The butterfly pattern gave us an idea as to where price would probably reverse. While it missed it by a bit, there was a double top formed and a LL created. For the moment, we are waiting for a LH to be created before entering on the next wave short. Entry; Use the resistance provided as well as one of the key Fibonacci levels to enter this trade. This is a daily...
The technical are showing a potential Inverse Head and shoulders pattern on the 4 hour time frame. We must wait for the right shoulder to form before considering to buy this up. Entry; Wait for right shoulder to form and wait for a bounce off support + fib level to enter. Should be a solid 100-300 pips trade if it plays out. Best of luck and message me if you...
Sitting in between 61.8 and 78.8 + 200 EMA on Daily.
Hello, I am holding a long from 110.345. I have noticed a reverse H&S Pattern on the H1 chart which goes in hand with strong fundamentals from the US Dollar. The long term target for me is 114 at least but that is because of analysis I have conducted on the daily which I will post later on. Constructive Criticism is appreciated :)