AnriErikanov

AnriErikanov Updated 

Ok this looks very good as you know this week volatility was crazy and I got stoped out but I am looking to enter back in SHORT because even if the weakness of gold causes gold to rise I don't see that it will hold (at least the short term) Technicals : HEAD and SHOULDER PATTERN break below neckline formed WEDGE PATTERN inside of the head shoulder pattern 2...

AnriErikanov

Ok this rising wedge pattern is still in early developing but if price rises at 0.7800 and the pattern matures there is a very very good risk to reward and a high probability trade RSI bearisch Divergence trend is in early development target placed at 0.5 "fib" level(It is accually not) negative forecast on Dollar that could weaken it and might move higher so...

AnriErikanov Updated 

Hi This is from a pure technical standpoint So I was looking around this day and looked at some pairs that might had an pattern and found is promising pair - underlying strengt very likely price would go up , I don't know what the pattern's name is but it's a pattern that works well for me I struggle a little bit with the exit so I placed my stop under...

AnriErikanov

Okay here is a good one : As you can see the trend was bullish but consolidates halfway and formed head and shoulders pattern that broke the neckline Every timeframe indicates that you can enter a Short a position even on the 15min one No big events that could increases risk note: RSI indicates the trend could go from consolidation back to a downtrend wich...

AnriErikanov

ok I've been watching CADJPY for a few weeks and started to see opportunities first my Bias is short BUT : zooming in there is a pennant pattern so the price could go hit the diagonal resistance before you can go and SHORT the pairs stops are placed below diagonal support profit are set at previous resistance and diagonal resistance ENTER ONLY AFTER CPI NUMBERS !!

AnriErikanov Updated 

Clean bullish pennant good entry for long target set at previous resistance

AnriErikanov

Ok here it is after trying mulitple times to short the SP500I failed and decided to follow this and get an later entry when price reaches higher. So here it is the SP500 forming a pretty strong wedge pattern with very little risk since the diagonal resistance couldn'g break above I don't expect it this time either so 2 SCENARIO'S 1: Price could break finally and...

AnriErikanov Updated 

Ok here is a simple representation of what I think is going to happen the next few hours first price had hit the diagonal resistance and bounced right off of it there is divergence on the RSI and price is at major support if it breaks I expect it to go down to 1.3900 so target set there. Stops should be above 1.4000 because brice can bounce around before it goes...

AnriErikanov Updated 

Every weekend I analize the markets and this is my plans for Monday : So as you know EURO bumped up after the intrest rate announcements before it there was low volatility because big players were waiting for the announcements Lots of people came in and got over extended. After that move price quickly moved downward with a recent retracement that was expected...

AnriErikanov Updated 

Just a basic wedge pattern in a bear trend with an retracement to the 0.5 level good risk reward I'm in this trade

AnriErikanov Updated 

Ok here it is : If price reaches to the trend resistance line I am looking to short also stops are set above the previous horizontal resistance lines and it is also above the fibonacci 0.618 retracement and it gives us a very good risk to reward tight stops can be placed because if it breaks higher the wedge pattern is not valid anymore Btw if youre...

AnriErikanov

Every morning I analize the markets especially after what happened with the dollar that lost some value and I got hit hard anyways here is what I see: I am looking to short at 12:30 west europe time If consumer price index comes out and price gets to previous resistance strong bearisch indication that price cold my downward (RSI Divergence and wedge pattern)

AnriErikanov Updated 

If you follow me you know I bought the gold but I moved my stops when the trade was going for me and got stopped out fast actually so I placed XAUUSD on my watchlist to see what it's doing my technical analysis says that I should short now because of the rising wedge on the big picture and a smaller pennant on the 30min chart the rising wedge has had broken out...

AnriErikanov Updated 

Today I took 2 trades but got stopped out with a loss but after analizing the market for 2hours I finally found this: - fib 0.5 retracement in the downtrend - bearisch divergence on the RSI - Good risk to reward because we know that if price breaks above the key resistance our trade is invalid so we know that we can have tight stop but wide target - target...

AnriErikanov Updated 

I have not much time but here it is : descending triangle downtrend with recent retracement good re-entry stops set to 160 above target set at 618 fib level

AnriErikanov

This may look like a very technical trade: If impulse wave 5 completes I am looking to short here is why: 1.If price completes the impulse wave we probably would see RSI divergence 2.longer down trend with retracement my target is set to minimal because it might ecould only form a double top 3.At our entry there could be an indication of trend shift to the...

AnriErikanov Updated 

If you follow me you know I took a trade on GOLD as a longer term trade for me(daily) now I am hunting for short term oppurtunitities like this because of my experience I know that the rising wedge pattern has big potential notice that as price goes up slower the RSI shows a down trend what really makes me take this trade is the potential head and shoulders...

AnriErikanov Updated 

There is a short time oppurtunit to short the euro because of the following reasons: Technicals : flag pattern , fib retracement level,good risk&reward and target set to previous support with an fibonacci extension level As you know gold is heavily correlated with canada(largest producer) so if gold strenghtens CAD strenghtens You can go to my published...