damianngema

damianngema

Monthly inverse head and shoulder, Weekly structure break, Daily & H4 inverse head and shoulder.

damianngema

A SECOND OPPORTUNITY ON THIS PAIR, AND HERE'S WHAT IT LOOKS LIKE TO ME. PRICE IS CURRENTLY IN AN EXHAUSTIVE OR CORRECTIVE PHASE MEANING THAT WE'RE LOOKING TO TAKE ADVANTAGE OF POSSIBLE CONTINUATION AFTER THIS WEEKLY RETRACEMENT. I'M WAITING FOR THE BREAK OF DAILY SUPPORT LEVEL 1.29200. I'D PREFERABLY LIKE TO SEE A STRONG BEARISH CANDLE TO SHOW A NICE BREAK OF...

damianngema

Self Explanatory structure. Will wait for rejection signs at Daily zone and valid entry thereafter.

damianngema

long eurgbp

damianngema

Price has been playing nicely in the uptrend and price again found support at the 1.65932 region. Price also broke out of a corrective structure and is looking to go up.

damianngema

Price has been playing in this ascending channel, and we looked for a long on this pair, however, price failed to reach its previous high and/or create another high, which shows a slow down in momentum. This is followed by the break of this ascending channel and now we have a bit more confirmation to look short. Price is also currently under the 50 ema (which acts...

damianngema

If you have a look at my previous analysis on this pair, price seemed to have broken an ascending trendline, combined with other factors. I had reason to believe price would plummet. However, when it came to execution, price didn't meet the reasons I needed to enter short. I then changed my mindset and looked at the alternative. Price on the daily has formed an...

damianngema

Okay, so this is a bit of a late post but the analysis is great and this is an easy, lemon-squeezy set up, so i figured I should post it regardless, Price has broken out of it's daily descending channel and as we know, after momentum comes exhaustion or a corrective structure, which is what we've got here. Price retraced to retest broken resistance as new support...

damianngema

I analysed the Dollar index and for technical reasons, I believe the dollar might strengthen. Looking at Gold (XAUUSD) I've concluded the following: 1. Gold finally broke out of its ascending channel with strong bearish momentum. As breakout trader, we know the price moves in two phases (push and exhaustion) *Thanks David* and will nearly always retest a broken...

damianngema

Price Broke from Daily Trendline structure and as we know price moves in two phases: thrust and exhaustion. This current retest is the first exhaustion after the initial thrust as we wait for it to continue in its new direction. Furthermore, I'm A HUGE fan of chart patterns and we see an ascending wedge which is... you guested it, a continuation pattern, telling...

damianngema

Price broke monthly support nicely with a HEAD AND SHOULDERS pattern confirmation and we caught this trade as it reversed to retest the previous support as new resistance. The setup went well and we've looking to go long now. Price has been in an uptrend and has been selling all the way back to support, creating a new higher-low. TP would be at the next resistance level.

damianngema

Price bounced off a minor resistance level that I've highlighted in blue and is continuing it's initial move upward after the breakout. More confluence as price also held at a fib level 786. High possibility price might not reach previous high or make it to retest weekly resistance level. In which case, it could form a new HL and signify the end of the up trend.

damianngema

This pair is in a downtrend on the weekly and monthly timeframes and broke previous support and is currently retesting it as new resistance, hence the strong upward rally that we've been seeing on this pair for the past few months on the H4/H1 time frame. Price broke the H4 ascending trendline convincingly and is currently going for a retest on H4 resistance. It...

damianngema

Price has been playing out in a downtrend and has reversed to retest a resistance zone. We have candles with long wicks which is a reversal sign, showing price is failing to pass that price level or area. My anticipation is that price will continue to the downside with entry at the break and retest of the inner trendline and take profit zones at support.

damianngema

Bullish pin bar. It appears that this support area is being respected and buyers are stepping in. This is the confirmation needed, however, price is still within the zone. Once it breaks out of this zone with a break outside the trendline with a retest then we're long!

damianngema

Gold has been trending up in an ascending channel and broke previous resistance zone and appears to be retesting the area as new resistance. We face a great reversal possibility to the upside. Entry will be on the close above resistance trendline and some kind of bullish confirmation.

damianngema

This pair has been uptrending on the bigger timeframes and has bounced off support on the major trendline. Found entry point on lower timeframes (15 and 30 min, but i prefer 15min) and a flag pattern has formed for a great entry on this bullish move.

damianngema

CADCHF has been up-trending but seems to be in a consolidation phase on the higher time frames. On the 2H chart we see a falling wedge which we can trade: a sell opportunity at resistance. I'm a fan of breakout trading so i shall await price to break the trendline for a sell within the wedge. COMMENT WITH OPPOSING ANALYSIS :)