bmck1

bmck1 Updated 

Another potential bat pattern currently in formation here on the XAUUSD hourly chart. If we see price action coming back down into the low 1270s area, then I'll be waiting to buy it up! :) Could see some choppy movement though over the next days/weeks as news on Trump & NK & the Fed etc.. evolves. Lets see where it takes us!

bmck1 Updated 

Patterns have been good in the last few days on the USDJPY -0.10% and it looks like we might have another forming as we speak. Aside from the advanced patterns, we have recently put in a double bottom with RSI divergence at this lower level, price has now broken and closed above the 'V' of the double bottom and looks to be taking some relief at the moment. This...

bmck1 Updated 

The overall trend is bearish but looking for a bullish opportunity here back up into some previous structure where other traders might be looking to get short again. We have several tests of the lower levels here, and have been consolidating a bit in a rectangular channel which we seem to have recently broken out of. Would be looking for an entry reason around...

bmck1 Updated 

We are potentially tracing out a bullish bat formation here on the NZDUSD hourly chart. There is a veeery deep C leg though so make sure you check your data on your specific trading platform . For me, this pattern is still valid but could be a different story entirely on other brokers/platforms.

bmck1

It looks like we could be tracing out a head and shoulders pattern here on the Daily chart for the Kiwi/Dollar. I don't usually trade the pair on the Daily timeframe, but wanted to put this idea up anyway for anybody looking at more of a longer term trade (i.e. longer than intraday/intraweek timeframes). Potential targets, if I were in this, initial target 1...

bmck1 Updated 

Potential bullish Bat formation here on XAUUSD - H1 chart. We'd need to move quite some way (about $30) in order to hit the D completion so not something I'm expecting to trigger anytime this week if we make it down there at all, but in case we do, I'll be waiting! :)

bmck1 Updated 

Following on from the potential short opportunity I saw yesterday (currently still playing out), if you trade this pair and also trade advanced patterns then there could be a potential entry into a bullish trade right as the bearish move from earlier might start running out of steam. Not a pair that I currently trade, but this could be a nice example of trading...

bmck1 Updated 

Again, another pair I do not currently trade as I am still going through backtesting/forwardtesting on this instrument, but this would be something I'd be looking for once this pair is added to the portfolio. The D completion zone of this bearish Gartley formation is also completing right around the 1.2750 even number. Would be looking for traditional targets at...

bmck1 Updated 

This is not a pair or pattern I currently trade, but after I saw the rounded cup shape I ended up playing around with the chart and set about looking for the next potential area of interest if you trade the GBPJPY. There could be an interesting zone for a selling opportunity here in the blue zone with a potential ABCD equal measured move completion, some Fib...

bmck1 Updated 

Looking for a potential move up into the 0.9670-0.9680 area in order to possibly get short this pair should my entry conditions be met in this zone. The USD continues to weaken as we see this continued risk off sentiment from the equity markets. USDCHF, USDJPY, XAUUSD could all be in for further extensions in the short term. We'll have to wait and see what the...

bmck1 Updated 

Late post on this but orders have now been filled on this pattern formation short. Just hanging around the entry zone at the moment - Let's see if price makes its way down to hit our targets! US Oil Inventories number coming out in about 20 minutes, not directly related to this pair but as we are vs the CAD in this trade we might see some increased action around...

bmck1 Updated 

Since the beginning of 2017 this market has been on quite a rally. We started the year down around the $1120s price area and have recently tested that $1280-$1300 area a couple of times. You can see from the daily chart that the $1300 psychological level appears to have held for the time being as we put in a nice big double top back in June. We've since seen price...