1hr downtrend coming off a short lived uptrend last week, stopping about halfway through the current range we are in on the daily timeframe. Lots of nasty wicks on H4 and the daily. Descending triangle on the 15min confirms to me that this downtrend is continuing. TP1 is the most recent low with TP2 below the daily chart range, watch for possible reversal at TP1.
Looks like there's a good chance were gonna hold the range we have been in for the last little while. Strong reversal today off of news and likely to make it most if not all of the way back to the top end. At least that's what I see happening, other possibilities could be a breakdown halfway through the range, possibly due to news, possibly because we have broken...
Hello my friends, looks like this market is forming another Head and Shoulders (which its very fond of), we have broken the steeper of the two daily trendlines and subsequently bounced hard off the second possible one, the weekly chart is printing relatively bearish candles despite the bounce, combined with the pattern this looks like a good short. Put your entry...
We have been in a range for what seems like forever in EURGBP, its plain as day we are double bottoming again at the bottom of said range. Hopping on for another move to the top.
Looks like CADJPY is going to have a bit more of a prolonged retracement here, we are still in a major downtrend but I'm not totally convinced that it's not a big pullback in the long run we have had all year. Regardless the smaller 1hr downtrend ricocheted pretty hard and we have crossed the centre of the 4hr Donchian channel, pulled back and tested a big...
I already took profits on the long trade here, but we are in a downtrend and I believe we may respect it as we have recently come out of a very tight channel and volatility has kicked up, we have only taken out the swing low once and had one retest, but I am imagining a similar outcome, watch out for that bottom blue line when setting up profit targets, that's the...
Looks very bullish to me, GBP very strong this week, very speculative at this point as well but im leveraging down and hoping for a continuation of the long term daily uptrend here. Looks like a reversal at the support at 152.60 roughly. Lots of indecisive Heikin Ashis, probably a good idea to wait for a true break of downtrend structure but I like the pound too much.
