chewbaccaboi

chewbaccaboi Updated 

EURGBP seems to be near the golden 0.618 fib. An entry there would be nice followed by a bullish continuation to the upside. Just targeting a nice 1:2 RR due to the brexit uncertainty and potential of random wick on both sides. All the best!

chewbaccaboi Updated 

The yellow lines represent the new range in EURGBP. Within this range, the 0.618 golden fib might be a good place for long entries. The velocity of the retracement is a little intimidating so targeting a slightly less than 1:3 RR. All the best!

chewbaccaboi Updated 

I am probably against everyone when I say that I am still bullish on EURGBP. After the price successfully crossed the red line the H1 timeframe, my bias flipped in my bullish so I am looking for buys. The yellow lines represent the new higher high (HH) and higher low (HL) so that is now the new range. If we take fibs off those levels, we realise the 0.618 golden...

chewbaccaboi Updated 

Seems like price is respecting the higher low on the 15m AJ chart. Target could be set higher for this trade but just taking a simple 1:5 RR to start off the week. All the best!

chewbaccaboi Updated 

Seems like AUDJPY is setting up a bull flag as can be seen from the chart. The orange line is the textbook target for the Bull Flag. Taken using the same height of the pole and used as target. My previous AUDJPY ideas went well so just gotta see how this one goes. Cheers!

chewbaccaboi Updated 

EURGBP is on an uptrend and came back to test the previous HL a few times but was not able to break it. We can thus assume that the pair will continue on the previous HL or even go beyond that. All the best!

chewbaccaboi Updated 

Nothing is confirmed until the formation of the handle and potentially explosive breakout but it is still good to stay prepared. The target (orange line) was determined using the size of the cup. SL is up to your own risk tolerance. Good luck!

chewbaccaboi Updated 

Hi folks, Just modifying my previous idea a little. Looks like it wasn't a cup and hand formation, seem to be forming a bullish head and shoulders instead. The orange line is the lowest point of the left shoulder so technically the right shoulder should not go past that. But anything can happen so stay prepared. The green line is the textbook target for the...

chewbaccaboi

Hi guys, About to touch the downtrend resistance line. If it rejects, you know what to do. Cheers!

chewbaccaboi

Just what if we are at the start of a massive slow correction all the way down to the the latest boxes in the chart? It happened before as can be seen in the previous 2 boxes. Nothing is impossible so I think I'm gonna be staying away from starting a long term portfolio anytime soon. Cheers!

chewbaccaboi Updated 

Hi Folks, S&P500 seem so be trying to form a bearish Quasimodo pattern. Entry should be around QML line and Stop Loss should be above the HH as per your discretion. Cheers!

chewbaccaboi

Hi Folks, The S&P500 chart was looking pretty interesting so I just thought I'd throw my 2 cents into the fray. My thought process is as follows: We have been stuck in the range of 3200-3400 for the past few days. As such there are Stop Losses accumulating outside the range as indicated by the yellow regions of Stop Loss Area 1 and Stop Loss Area 2. 1. Since...

chewbaccaboi

Hello friends, Had a little time on my hands so just practising on Quasimodo patterns. EURUSD looks like its setting up for a nice bearish Quasimodo pattern. Textbook SL is above the HH. Cheers!

chewbaccaboi

Hello friends, Had a little time on my hands so just practising on Quasimodo patterns. Bitcoin looks like its setting up for a nice bearish Quasimodo pattern. Textbook SL is above the HH. Cheers!

chewbaccaboi

Hi Ladies and Gents, There have been some big drops these past few days and there needs to be a breather soon. Luckily I managed to identify a falling wedge pattern for myself so that I don't scream doom and gloom so soon. So I'll be waiting for a break of the upper resistance before taking a little long for a while until the right shoulder forms on my previous...

chewbaccaboi

Hi ladies and gents, There might be a possible head and shoulders in play. The left shoulder did not cross the 0.5 retracement so imo the pattern is still valid. We just need to wait and see if the right shoulder forms, and if it does, it should not cross the 0.5 fib either. Furthermore, why I think there needs to be a retrace up is the the gap down from...

chewbaccaboi

The last chart is the zoomed out version of the second chart (you can see our giant wedge turning into a little wedge at the top lol), which depicts the great 2007-2008 financial crisis. Now you guys know why I was so excited to post this? XD

chewbaccaboi

The second chart which is the fractal I wanted to show in my last post. It shows the giant rising wedge from 2007 which is not as long in duration as the one we are in now but a wedge nonetheless. It broke down from the wedge and retested the bottom trendline (which gives me confidence for another entry at the retest). So please BE PATIENT.