Hi guys AUD NZD is currently in a great area of value where price has reacted to multiple times in the past. $hr chart has printed a double bottom with a nice hammer candle. Great Risk Reward trade here.
Hi guys, US Tech 100 /Nadaq has just printed a double bottom on the 1 hr time frame. Good risk rewaerd setup. Also the 15 minute chart has formed an inverse head and shoulders now... can enter long on 15 min with break of neckline.
Hi Guys NZD CAD is right now at a great area of value where price has reacted in massive moves previously. The 4hr chart has printed a double top which also has 5 wicks to cut across the top.... (a really stong confluence on any top) Great risk reward here ... take profit at 23.6 fib of recent bottom to current high. use proper risk management as always.
Cad/Chf right now at key zone that has been used as support and resistance multiple time. Also the tests of this zone have been recent and moved the market significantly. Resistance from broken trndline above price for confluence. Good RR trade opportunity on 1 or 4 hr using candlestick or chart pattern for entry.
Hi guys, Eur/Nzd right now at first return to resistance turned support. Big RR trade opportunity on 1 hr timeframe with candlestick pattern for entry in that zone.
US 100 has formed a picture perfect inverse Head and Shoulders pattern after a strong close on Friday. Aggresive entry before price clears neckline... conservative entry wait for break of neckline and retest. Move up to trendline resistance/ 200ma is golden zone fib retracement also. Either way a move up to the 200MA and trendline resistance looks likely.
Hi Peoples. Just my two cents worth here. I'm using chart for Russell 2000 as pattern and Bullish candles on there are better formed than the Dow, S&P and Nasdaq, but they will behave almost the same in terms of movement in the market. I am going long on indexes and reason why is 1. Double bottom on Weekly chart (for russell 2000), with a very bullish...
USD CHF looks to be forming a VCP....volatility contraction pattern....made famous by legendary stock trader Mark Minervini. If the pattern does play out succesfully (dependant on how dxy behaves)...we could see a very strong breakout to the upside.
Eur/Cad has broken neckline of inverse Head and shoulders. great opportunity for long position (preferably on lower time frame 4h or even 1h for better entry and risk/reward) when price retests neckline.