Looking at this as a possible long entry on EUR/AUD. We can see that we have made relative equal highs in two clean areas and the third tap of a trendline indicating from a retail perspective to short this market leaving a lot of liquidity to be raided to the upside also, a nice 5-minute head and shoulders was created enticing more retail traders to short. Good...
I like the look of this setup. A few confluences with a trend line break , making lower highs and lower lows. Nice Fibonacci retracement in play aswell retesting previous wick area structure. Enter with caution always & only if it aligns with your analysis.
I really like the look of this setup. Nice short trade for anyone who agrees with the analysis. If you want to wait for a safer entry wait for a 2 hour break & close of the counter trendline.
I like the look of this buy setup on GBP/AUD. We saw a break of structure with new Higher Highs on the lower timeframe. Definitely a more risky setup so enter with caution.
Looking for downside to first fib target. Quick UK session move. I wont go into why I am taking this trade. I do like this short setup good risk reward.
I will be looking for long opportunities around this area stated in my analysis. I won't be going into to much detail as to why. I would wait for a break of the consolidation zone before looking to take the trade.
We have seen some good upside on the EUR/NZD for a little while now which has lead to some resistance at a key area of Monthly Support. We can see the bulls tried to rally twice but failed created a nice double top reversal pattern. We can also see the trendline has just been broken and EMA are about to cross to the downside. For me to take an entry I would like...
Great opportunity here to get into a EUR/USD Short on the 4HR. We saw this obvious Head and shoulders formation on the 4HR followed by a huge engulfing candle the downside to take out the neckline and close below the previous trendline to confirm potentionally that this was a false breakout. I have personally entered the trade but please do your own research...
We could see that this area was broken to the downside after price bounced around this wedge formation for a while. Now we can see price has broke back into this region and rejected this area. I believe there is a chance that price could ralley back on to the 63 Dollar a barrell region but we need confirmation on a strong 2 Hour close above the counter trendline...
Analyising this pair we have been in a downtrend for a couple of weeks and I noticed a slight pullback occuring yesterday. We can see that price has respected the 61.8% Fibonnaci retracement level and created a evening star formation which is a big indicator that price is going to make more ground to the downside. I have drawn in a counter trendline I will be...
After seeing the counter trendline being broke but quickly seeing a huge spike to the upside to test 1300.000 region we can see from the fibonacci retracement tool that the downtrend is still favoured and a fib is still in play. In the bigger picture we are still making lower highs. I need price to break this counter trendline with good price action to consider a...
I have been keeping an eye out on EUR/JPY after a heavy bearish market this past few weeks and it seems we have hit an area of Daily resistance that has formed a potential Double bottom reversal pattern. There is still 4HRS left of this daily candle being formed but this is something to consider if you are in any shorts trades on this pair. We will be waiting to...
We have been in a strong consolidation period for over a few weeks now with AUD/USD. We can see the market has potentially presented its hand on the market direction but do not rush into this trade. I will be looking for a retest of this consolidation area with a clear rejection and a rejection of the EMA's for a confirmed breakout and confirmed entry into a...
After seeing big moves to the downside for the EUR/JPY Pair I do still currently favour more downside. We can see on my chart that we are currently In a consolidation area where the market cant decide where to go but is leaving us clues as to where the direction may be with the price action available to us. Starting at the Fib retracement level we can see we have...
After keeping a close eye on Gold prices recently we can see that we are in a obvious downtrend. I have drawn in my fibonnaci and we can see price is respecting the 50% retracement level acting as a very dynamic area of resistance with some clear bearish engulfing candles onces testing this area. Although the counter trendline has been broken I spotted a key daily...
This pair has been extremely successful for me this past couple of weeks. We can see another Fibonacci Retracement in play from a significant high and significant low area. Price Came back up and tapped the 61.8% Fib level and created a tweezer top pattern. We would be looking for a clear break of this counter trendline I have put in and a EMA crossover which...
I have mapped out this clear head and shoulders pattern on the GBP/USD Weekly timeframe. We can see I have placed the neckline in so we know what sort of area we want price to break to confirm this new downtrend. I have also placed a fibonacci retracement in from a significant high & siginificant low. We can see price has been rejecting the 38.2% level which...
I have been monitoring this pair closely due to a head and shoulders pattern forming on the weekly GBP/USD as we can see price has tried to create higher movement but failed to do so many times. On the 2HR I have noticed a nice counter trendline forming and a fibonacci retracement forming. I would like to see price come up and tap one of the Fibonacci levels. I do...