ElitePowerTrades

ElitePowerTrades Updated 

Expecting to see a rise on GBPUSD. Typical Bullish pattern known as CUP AND HANDLE is forming. The handle is pending confirmation. Its good chance to have a punt in on this market as were in a premium zone. RSI is oversold which often indicates potential reversal movements.

ElitePowerTrades Updated 

We can see the pattern has been broken and a retest of the breakout on the Daily TF is probable. On the 4H timeframe we can expect a push down if the head and shoulder pattern is confirmed with further break down and then retest of the breakout. At that point we'd be looking to pick up and enter a short position

ElitePowerTrades Updated 

With the movement back after an initial push from our order zone. We have tested nicely and are now seeing refusal after grabbing liquidity, we can see this moving upwards towards previous highs. Divergence gives us extra confluence to enter with Market Execution.

ElitePowerTrades

POTENTIAL LONG AND SHORT ON AUDUSD Depending on the breakouts and/or breakdowns of this pair. Can see good setups for both directions from our printed zone but the long entirely depends on rejection from the area and retests.

ElitePowerTrades Updated 

GBPUSD TO FALL? With British Economy in a complete state and US Dollar gaining so much power due to recent Inflation values and quantitative tightening, its hard to see how GBP would fair to gain much more than it already has. We could see a further swing low as we form the M pattern (DOUBLE TOP) commonly seen as an indication of reversal. Time will tell but we...

ElitePowerTrades Updated 

Lately the US Dollar has proven itself very strong and powerful over other currencies, dominating the markets. Though GOLD has found itself to get a good kick out of it and continue to rise, most likely as inflation rises and a recession being potentially imminent. People flock to GOLD as a safe haven. It's always the same! Though a big push needs structure and...

ElitePowerTrades

US economy seems to be defying all odds and continuing its relentless upwards movements. Recession to come this year but until then movement upwards? We can see a Bullish Pennant on the weekly of which has bounced perfectly off the 0.68 retracement level and broken out of a downtrend channel. Will we see further Highs? We will wait for the break and retracement...

ElitePowerTrades Updated 

A fully formed inverted head and shoulders pattern has now been spotted. With EURO news just around the corner with ECB President Lagarde speaking, we could see a quick influx for the Euro. This could be a chance to pickup a quick few $$$ Take home 50 pips! and grab that Liquidity above! Id then be looking to short back down to support as our weekly timeframe...

ElitePowerTrades Updated 

US30 has recently suffered a huge drop in price, but seeing as Crude Oil inventories and Gas inventories were higher than forecasted and dispite this bad news, we didn't break further down.... Suggest we could be a potential bottom here. 4 hour candles suggested a TWEEZER like candle pattern with a double bottom of lower timeframes. Could this be the time to head...

ElitePowerTrades Updated 

US opened but bias for SELLS POSSILBE NUHNUHNUHNUHNUHNUHNUH BATMAN?!?!

ElitePowerTrades Updated 

EURUSD has been stuck in an uptrend since the dawn of time however, we have finally seen that channel broken and there's a potential for more downside in the future. As of the moment i can see EURUSD rising to 1.12 region and quite possibly up to test the channel again at the 1.155 - 1.16 zone. Obviously this needs to be reactive and not predictive. With the...

ElitePowerTrades Updated 

GBPUSD TO MOVE BACK UP? A quick idea from Stock Visualizer. Will Bulls take over to push back to the upside before making a decision to continue the Daily Bull run or continue to Sell off?