Pipsmiths

Pipsmiths

Several confirmation align with the over all bearish trend i think we are going to see a major drop in this market

Pipsmiths

Doulbe top forming clearly on Daily and 4hr, after recent bull run. This could be the start of a daily and weekly pullback, before the trend continues. However, if you are feeling adventurous this could provide an opportunity to forge some pips. option 1: Entry after STRONG BEARISH candle break of neckline option 2: Entry after BREAK AND RETEST of neckline

Pipsmiths

Retest of inverse H/S at an area of imbalance and resistance looking turn support. Also testing 50% fib

Pipsmiths

Price has recently tapped into a significant level around 1.26. and has posted a pin bar on the 4hr and a morning star pattern on the 1hr. the overall trend has turn bearish with a massive move down of late. so this trade is a bit risky but we typically except a bullish pullback following a bearish break of structure before see a continuation to the downside. My...

Pipsmiths

Inverted H/S on 4hr with a break of the neckline. Nice set up here all ready in on this one.

Pipsmiths

USDCAD has broken out of the range and has printed a bullish pinbar candle on the retest this is a high probability set up target 90 pips

Pipsmiths

This market has formed a H/S pattern visible on my preferred tf entries. I am already in with a 38 pip stop, 75 pip take profit. looking for second entry with retest of next like. potential price flow marked with red arrow.

Pipsmiths

price just broke below a major ascending trendline and currently below both the 20 and 50 Moving average. also the RSI showing bearish divergent and oversold. there is bearish imbalance left by the big down move that could be fill before a continuation move to the downside we are now seeing a correcton that could retest the weekly HL structure level that was...

Pipsmiths

Weekly, Daily, and 4HR are bearish. H/S form on 4hr waiting for break of neckline and then second entry on retest. Poor CPI fundamentals for $ this morning provided the catlyst for this analysis as well.

Pipsmiths

Major down trend for this pair, however on the week we are seeing nice BULLISH PINBAR at a key around 142, where price has not touched since Jan of this year. Droping down to the daily we i notice a MORNING STAR PATTERN that completed on yesterday. Now a bullish pinbar is forming today, that could be a confirmation we need to go long. On the 4hr price as created...

Pipsmiths

Taking a look at the Pound we are in a bullish move on the weekly, on the weekly and daily we can clearly see that a inverse H/S has formed and we are getting a pullback. Pulling a fib from the right shoulder up to the most recent HH, we can see that the 618 and 786 align with weekly imbalance these will be my AREAS of INTEREST, looking for a pinbar or a double...

Pipsmiths

Cup and handle forming on Daily chart of the Swiss In line with the current bearish trend it is my opinon that there could be a could short opportunity . We would want to see a breakout of the handle before an entry is taken. First solid blue line has already been tapped so to make this a good trade we would target the next solid blue line, the short tool...

Pipsmiths

Potential H/S forming but this markert has been on a bull run for awhile. therefore this would be a counter trend in my opinion.

Pipsmiths

This market has reached an extreme high not seen since '07. A quick view of this on the Monthly show price eventually dropped 5000 pips. There is a bearish harami pattern forming on the weekly, on the daily a massive bearish engulfing candle has printed.RSI showing divergence on 4hr. There is noticable daily and 4hr imbalance, that i would like to see filled...

Pipsmiths Updated 

Price retesting broken support and a key Reversal Zone. Denoted by the red and green arrows. 1hr time recently printed a bearish pin bar in this zone. EST 10 am. candle. I am already in this trade adding a new position now, small lot size sell stop below pinbar Target next zone (blue horizontal line) 96.760

Pipsmiths

Daily-forming bearish harami and bearish pinbar combo at weekly major zone

Pipsmiths

weak fundamentals for the loonie inverted H/S. Weekly still bullish first target descending TL around 1.48 after break and retest of neckline. Next target equal highs

Pipsmiths

I rarely use a line chart but i wanted show this double top a more clearly. the weekly is bearish IMO retesting the .9200 area denoted with the grey zone several times then in May we had three weeks of bearish movement followed by three weeks of bullish momentum However here is where the overall view comes into play. We are now retesting the neckline of the...