etraderjournal

etraderjournal

GBP/USD price action remains suppressed as.. Read more

etraderjournal

EUR/USD potential head and shoulders pattern closer to completion. RSI is indicating a divergence that needs to be completed by a price breakout. Friday's bullish range breakout on the 4 hour timeframe could be the start. Forthcoming ISM report and ECB's Mario Draghi Learn more

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GBB/USD price has broken out of its triangle consolidation yesterday. RSI bullish divergence increases the probability for a valid upside move. If break out is valid, price could reach all the way to resistance level 1.32600. Read more...

etraderjournal

EUR/USD could reverse on potential reverse head and shoulders pattern. RSI is indicating a divergence that needs to be completed by a price breakout. High volume on the right of the pattern is supportive of correction thesis. Read more...

etraderjournal

GBB/USD price has been consolidating inside a triangle, inside a long term range A price breakout to the upside could see price reaching the upper range line RSI bullish divergence increases the probability for upside move Read more ..

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EUR/USD has moved in a bearish channel during the last couple of months RSI is indicating a divergence that needs to be completed by a price breakout Possible head and shoulders pattern needs to be confirmed by Read more

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Falling Wedge Pattern could be a bearish correction in the larger bullish trend Price has found strong resistance at the 0.67550 level. Find more at bit.ly

etraderjournal

AUD/USD appears to have broken out of consolidation triangle and is currently re-testing previous support line(base of the triangle)

etraderjournal

USD/JPY appears to be consolidating within a narrowing range forming two cypher patters. The second patterns is not completed yet but is very close. Learn more about USD/JPY on our website.

etraderjournal

GBPUSD is on possible strong resistance with a confluence of fibonacci retracement and extension ratios as well as a supply area.

etraderjournal

EUR/AUD has been consolidating in a triangle pattern the last few days and not the pair has broken through the triangles upper line. Reward to risk ratios is favorable with a safe stop in case the market whipsaws.

etraderjournal

A bearish gartley pattern appears as indicated on the 15 minute EUR/USD pair with very favorable reward to risk ratio if trade is successful.

etraderjournal

The EUR/USD has completed a bearish ending diagonal yesterday reversing upwards to complete an ABC correction as part of a larger wave 2. Wave 2 seems to have completed as the price touched the supply zones created by the smaller degree wave 3 and 4 range (orange color). If our counting is correct, then wave 3 is about to start with a bearish direction.

etraderjournal Updated 

EUR/USD on the 4h chart appears to form an ending diagonal with waves 1,2,3,4 completed and wave 5 pending to confirm the pattern. Price action analysis also indicates a bearish setup with the supply area highlighted in blue color holding its ground with price failing to break above. Taking the above into consideration i just went short with the indicated...

etraderjournal

GBP/USD has corrected from its prior downturn on the 1H chart and has touched the 50% fibonacci level and an important support and resistance line. Correlation indicates continuation of downturn. Reward to Risk is very favorable. Already in the money and will leave it overnight. Learn more about my source at etraderjournal.com