ChrisBaron

ChrisBaron

Looking for a breakout of this pattern. There is an inverse H&S visible on the 4h, I have labelled the peaks but drop to the 4h for a better view. The yellow line is the neckline so look for a break test continuation pattern around there to get long.

ChrisBaron

Another breakout pattern on crude oil. I still believe $77.30 is the next stop but of course anything is possible and a correctional move higher is a possibility.

ChrisBaron

Bull flag & simple support / resistance.

ChrisBaron

Could break either way. This level of support seems to be holding so far. A break to the upside and i will target the two white horizontal lines, a downside break will target 1.65

ChrisBaron

The chart pretty much speaks for itself, the risk is low and the reward is very high. The target supply level is actually tested already so it could go even further, first we must wait to see if any fresh levels are formed on the way down.

ChrisBaron

Really nice fresh supply level, I will be looking to hold down until the weekly level of demand comes in to play. Fundamentals align with this trade with divergent central bank policies.

ChrisBaron

Good range play here, really good RR too. I expect the supply area filled white to be taken out as well as possibly the one above which is where I will start to clear my position and look to sell, possibly somewhere within that bigger supply area.

ChrisBaron

After the sad events that took place yesterday we saw a 30% rise in the VIX. For me this is confirmation of fear in the markets as smart money buy VIX options as a hedging strategy. I will most likely be staying out of the markets until things calm down but if something else significant does happen I will be looking at gold trades.

ChrisBaron

Looking for bullish PA at the zone marked. I see this going to 1.60 before any real selling pressure comes in. The daily trend line is crazy, lets see if we get anything good here, if not there are good levels below which may also bring that trendline into play.

ChrisBaron

Despite this horrible range and nasty ATR, UJ is still offering some decent trading opportunities, I have personally stopped buying the bottom of the range now as to me it looks like the bears are gaining ground in the form of lower highs. I will be looking to get in at these two supply levels. I included the ATR in this chart to show that at the moment UJ...

ChrisBaron

EG is coming to a weekly level of demand which also holds 61.8% Fib from 08/09. It will also be a big double bottom possibly so I will look for bullish divergence nearer the time. This could also be seen as a big bull flag. Even as it is the RR is good with a 1:3 minimum if you take it to the first fresh supply level but potentially this could go much further,...

ChrisBaron

New demand level formed this morning on the 4h, it was a really explosive move away so I definitely expect buyers to still be lurking down there. Hopefully it will come back to reload and fill my order. I see this going to 1.73 which is the proximal line of the weekly supply zone. I will be looking to sell around that level but will wait for a more defined level...

ChrisBaron

Gold is in a bit of a wedge on the weekly chart and currently right in the middle of the range so I wont be touching it until a trendline comes into play at least. Will be looking for daily and 4h supplly and demand levels at the boundaries.

ChrisBaron

1.42 is sellers exit for the H&S pattern, confluence of the proximal line of demand zone. I will be looking to buy in around that level.

ChrisBaron

I will be looking to buy just above 1.70 and to target 1.73ish. Stops below both levels of demand.

ChrisBaron

Will be looking at the level around 0.802 to find a sell entry down to around 0.78 providing there is good bearish PA at the level and the demand levels get taken out, as they are already tested I expect them to but so is the supply level which is why I'll be watching PA. I still see further strength for GBP

ChrisBaron

These are the levels i'll watch for PA. I have had an order waiting at 172.5 but yesterday bounced 173 more or less to the pip so lets see what happens. Might look at the zone below as risk trades are giving JPY strength.

ChrisBaron

Here are the levels to keep an eye on for the FTSE.