Jroge107

Jroge107 Updated 

Potential "Ugly Double Bottom" setup i will be watching for on GBPNZD. Trend has developed on the daily chart, respecting the year long trend support line at the bottom. Rules to the pattern suggest waiting to enter long once price has broken the middle structure and then retested. Price could continue past the previous structure high, however i will look to take...

Jroge107 Updated 

UJ has been in a relatively tight channel for the last few weeks on the daily chart and 4 hour chart, when looking at both the 200 EMA and the 1000 Weighted MA these actually split this regression channel right in the middle. Leading up to all the news Japan has tonight (7/20/17) any big shift in monetary policy will be the sword to free this currency pair from...

Jroge107

Daily chart shows a good idea of long term potential, but if you look at 1hr-4hr charts you can see a clearer picture of price action. Purple fib extension was drawn from structure low to swing high on 6/19, black fib extension was drawn from structure high to structure low, and white fib is a retracement from high to low. These fibs show multiple signs of...

Jroge107

If usdcad weekly candle closes below bollinger bands, i am looking at price to continue down around the 1.275-1.283 range. My "alligator" indicator is showing a full open mouth, with potential of more downside. If you look back on the chart, the last few times the candles close outside of the bollinger bands the market usually continues for a minimum of another...

Jroge107 Updated 

The infamous high and tight flagpole pattern, Bulkowski's number one rated performing chart pattern. Appears on 4 hour chart. I also would suggest trading off of this chart for a longer swing style trade. Follows all the rules so far to a perfect HTFP; roughly 45 degree A to B impulse leg, tight downward sloping flag, B to C leg (or the flag itself) hasn't...

Jroge107

A & E Double Bottom Pattern has formed on GU on the hourly chart. Wait for the price to close above the peak of the two valley's. Stay conscious of the news tomorrow as it could be a big day. A & E Double Bottoms can break the peak and then form a cup and handle pattern, when price breaks the handle it will be a strong bullish move. -Wait for news tomorrow -If...

Jroge107

Symmetrical triangle after the downtrend (since May 18) has formed. Appears on the 1hr, 2hr, and 4hr charts. Wait for an engulfing confirmation candle to close on or below the trendline before placing the trade. Stops above the previous lower high, target point 1 is at a 100% fib completion (also the low at the beginning of the triangle), target point 2 is the...