I am looking for a short on gold in the near future. I will be looking for price action when it reaches the top. If its breaks above it will change the whole structure. Look out for this pair next week
Going short on AUDJPY to continue the Higher Time Frame Down Trend. Looking for a 3:1 Reward:Risk.
CAD is weak. Sellers have been taken out of the system in pairs againts it. Thinking that we should sell this one.
I believe that economists put decimal points in their forecasts to show they have a sense of humor. William Gilmore Simms
There is a potential Bullish Bat pattern currently forming on the AUDUSD pair. what i particularly like about this pattern is that it completes just around a structure level that has rejected price several times in the past.
The market reacted after Britain PM Theresa May confirmed article 50 will be triggered at the end of march 2017 which cased pound depreciation in the open of the market to day , nevertheless potential long position could be executed based on technical analysis mentioned in the chart , as may be short trend would be expected base on uncertainty of the trading...
EURGBP price action has hit its highest level since 2013 and now is going through a significant retracement. Would be looking for a retracement ideally to the 886 level where price action has found support previously. But also watching for any reasons for entry at the 786 level.
Double top at market, resistance structure level potentially holding.
Three drives pattern completion at previous structure level.
Hey traders! After the loss in EG I have decided to hit long with this cypher, a more like revenge trade. Price action resting on previously structure support zone and respect and closed above and also broke the channel. RSI is extremely oversold and I am expecting a small rally from there, putting my stops @ 1.13 and targets are given on the screen. Look at...
THIS AREA IS MY MAIN FOCUS HERE -STRUCTURE TRADE I WILL BE WATCHING PA CLOSELY -POTENITIAL REVERSAL ZONE FOR MORE DOWNSIDE OR MAYBE A RETRACE -BUT BEAR IN MINE WE HAVE HAD A MASSIVE BEARISH MOVE -THIS COULD ME MORE DOWNSIDE OR TIME FOR A RETRACE