lukasugrehelis

lukasugrehelis

We are trending down on the daily timeframe and have made a bearish bat pattern

lukasugrehelis

A longer term pending position with anticipations of going lower. Targets are quite conservative

lukasugrehelis

On the 4 hour chart, the pair is in a downtrend and has reached the potential structure zone. Also, the market has stopped making lower lows/lower closes on the hourly timeframe and therefore we're now technically in consolidation (on the H1) with anticipations of going up. There's also a potential bearish Gartley forming resulting in a good opportunity to go sell...

lukasugrehelis

A potential Cypher pattern on the Aussie CAD pair has been spotted. Overall, the pair is in consolidation on the 4 hour time frame (with expectations of going to the upside) and the pattern is inside said timeframe. Therefore, a long position can be opened. Stops are placed below the consolidation zone; Target 1 is placed at a 61.8 retracement and target 2 is...

lukasugrehelis

On the daily timeframe, the market has reached a point of potential resistance that may make it retrace or reverse. Also, the pair has broken the 4 hour consolidation zone resulting in a newly formed downtrend. An entry point was picked when the market closed below the lower 4 hour consolidation zone. As a result, stops are placed above the previous high (yes,...

lukasugrehelis Updated 

On the daily timeframe we see an uptrend with a nearest potential resistance level drawn above. Therefore, as the market retraces and touches daily trend line, I place a buy order with an anticipation to go higher. Stops are placed below the previous lowest low.

lukasugrehelis

The market is still technically downtrending on the weekly despite continuous testing of the existing (blue) weekly trend line. Both the daily and 4 hour timeframes show that the pair is moving sideways. As a result, this indicates a market neutral approach in the short run. We can open "pattern" positions inside these consolidation zones to benefit from short...

lukasugrehelis

The market is currently downtrending on the daily timeframe as indicated by the red trend line. Looking on the 4 hour chart, we see that the pair has moved into consolidation indicating a potential retracement to the upside before continuing on its path downwards. Therefore, I've opened a short position where I believe the market may see bearish pressure and could...

lukasugrehelis

The market is overall bearish on the weekly timeframe as indicated by the strong blue trend line. We are currently touching it and sellers have been indicating that the trend line is here to stay for now. Looking on the daily chart, we do see a break into consolidation indicating a market neutral / slightly bearish stance on this pair. The daily consolidation zone...

lukasugrehelis

The market has been in consolidation on the daily timeframe for a while now and is currently at the lower points of the mentioned zone. However, we have not made lower lows/lower closes for a while as well. Therefore, this indicates a market neutral stance for now. On the 4 hour chart we do have a forming pennant/triangle formation despite technically being in a...

lukasugrehelis

The weekly bullish trend line was broken and we are now in consolidation on the weekly chart indicating market neutral bias on the larger timeframe. We do have a bullish pattern near completion for a good long opportunity on a daily chart despite the overall market being bearish on the same time period. Profits are conservative due to the high risk of the market...

lukasugrehelis

We have broken the daily downtrend and are now in consolidation. Looking deeper, we have a recently broken uptrend on a H4 chart currently being in consolidation. I believe this is a decent opportunity to go short with potential extended targets if the newly formed H4 consolidation brakes to the downside. We do have the same pattern on the Canadian Dollar

lukasugrehelis

Short term long position. Bought at support + 2 pattern completion zones

lukasugrehelis

Buy limit order placed at a retracement into the 4 hour trendline. The Euro is strong, the Dollar is weak, therefore fundamentals are at your side at least in the short run

lukasugrehelis

The market is overall bullish on a daily timeframe due to higher highs and higher lows being made. The consolidation zone provides an opportunity to get long at a good price (notice the higher low, despite being in consolidation). A brake into an uptrend in the 4 hour chart shows that it is the time to buy at the first retracement, as usual.

lukasugrehelis

Daily - Downtrend after a bearish pattern has completed, how in consolidation, however downside bias still remains. AXY is bullish, however EXY is still bullish at the moment 4H - bearish pattern completion and a brake into consolidation leads to looking for shorting opportunities

lukasugrehelis

The pair has bounced of the daily trend line and has broken the 4H trend down, therefore we are now trending up The AXY (AUD index) is also trending up, the DXY (USD index) is still in a downtrend at the moment despite the recent retracements back up Looking to buy at a retracement

lukasugrehelis

Consolidation on the daily Lower low, lower close on the 4 hour A potential retracement to take profits on on the daily makes for a good trade