Bonavest

Bonavest Updated 

The effects of Brexit made GBPxxx prices fall drastically and now we are beginning to see prices rebound and resume. This may not be the bottom, but will see where this takes us on a LONG ride. I found this pair from an Idea of a Trading Buddy, check out his Ideas and Copy his trades on MYFXBook > link in related ideas below.

Bonavest Updated 

Looking in the next few weeks we should see a repeat pattern of the last few months, but could we be getting to a point of reversal yet? We are near a support level on the Weekly chart.

Bonavest Updated 

Just some basic time periods to trade. 500+ pips are possible.

Bonavest Updated 

There is plenty of upside to jump in on this one. There may be some pull back at the most recent high where there are some lines of resistance from the past. Should eventually push through to the next high at around 1.3380.

Bonavest Updated 

Based on previous moves down in this same trend channel... We could see anywhere from 500 to over 750 pips! The move to the bottom of the trend channel could take much longer and the better profit play would be to make the most amount of pips in the shortest amount of time which would fall into the 5-7 trading days range. If you have the time to monitor the 4...

Bonavest Updated 

We are nearing an end of an ascending triangle and should see one more pull back if not another double bottom like the other 2 double bottoms previously. After that we should see the price breaking the 1.3190 resistance level.

Bonavest Updated 

This is further down the time frame from the Idea I had on the 4h chart a couple of days ago. The Daily looks ripe fro a drop and I have a SELL signal (two blue circles below chart).

Bonavest Updated 

Judging by the Hi/Lo rane that the price has been running in... Should be some room above to move up.

Bonavest Updated 

After my previous idea failed and price fell deep below the trend line on Friday last week. I am looking for a continued push down to match with last week.

Bonavest Updated 

Looks to be a great setup for a nice LONG that will allow me to set it and forget it while working my Full-Time job. Looking for an exit before the end of the day.

Bonavest

Earlier this morning (8 hours ago) I thought that the price would rise up where the 1h chart's Ichi Cloud was weak and at this point that did happen. Now that we are riding slightly above the 1h cloud we can see about a fast rise up into the much thicker 4h cloud in the $370-$380 range. My thoughts at this point with the lackluster volume and action is that after...

Bonavest

Not too far, but to some bulls this seems a bit too much. Sounds reasonable to me and from this point I will be looking to buy dips. I believe Bear season may be coming to a close for awhile. My previous chart about the 'Drop' is what we are seeing now. The RSI got charged up and is now beginning to fall. this should setup what I was drawing attention to in that...

Bonavest

As pointed out by @FALA in TV chat... Overlaying the StochRSI and RSI together on the 4 hour chart pretty much gives you the plan to what is to come. Now to see it get played out in real-time.

Bonavest

Notes are above in the chart. What do you think? I still see people going LONG at this price range looking to break up through the Overall trend line (yellow).

Bonavest

This is merely matching up similar formations on the Daily chart. In TV Chat this chart was stamped with a Seal of Approval by the Rekt Bears Association.

Bonavest

This is my guess at a time line for continuing the overall Bear trend. The yellow trend line is drawn from $665 to $300.

Bonavest

My price target in the $208-$210 range are supported by Weekly 'DeMark' Pivot Points. If we bust through the R1 @ $230 then the timing is wrong for a move down. Since I am still learning... 3rd and 4th waves are a complete guess as to where they are plotted ( iii & iv, ((3)) & ((4)) ). Just wanted to get this chart saved as an idea to check back later.

Bonavest

The timing was down right perfect for this break out of our sideways... would have preferred it go DOWN, but either way we are seeing a small attempt at some upside which should last a day and a half or less depending on the strength of the Bulls. Revised the Time Ranges and some directional arrows for price movements. I am still holding a SHORT position through...