Smart_Money_Trader

Smart_Money_Trader Updated 

nothing confirmed yet but the pair might be gearing up for a break to the upside, wait for the break of the wedge's channel and a retest

Smart_Money_Trader Updated 

the rising wedge was broken, and now a retest of the channel is currently underway

Smart_Money_Trader Updated 

price is already showing signs of weakness and gearing up to move to phase E glossary of terms AR Automatic rally or reaction BC Buying Climax LPS Last point of Support (Demand) LPSY Last point of Supply PSY Preliminary supply SOW sign of weakness ST Secondary test UTAD Up thrust after distribution SC Selling Climax UT Up thrust

Smart_Money_Trader Updated 

what for a close underneath the resistance.

Smart_Money_Trader Updated 

Price broke the first level of support clearly seen on the daily chart so i don't think we're going to get the much anticipated retest of the rising triangle, the weekly chart may nullify the close as a false break but only time will tell. i'm going short at the retest of the horizontal line and setting a 10-14 point SL in the mean time

Smart_Money_Trader Updated 

SL: 1.26889 TP: 1.18334 Bearish pin bar formed on the key area of resistance. price may complete a bullish butterfly.

Smart_Money_Trader Updated 

NZDCAD Key area of Resistance: 0.92184 Key area of support: 0.90146 SL: 0.92841 TP: 0.80181 Ideal Entry Point: @ area of resistance Analysis - Good price action in this area, the zone has flipped from being a base to being a top a few dozen times - Price has retraced to the 50% fib ratio of the latest down swing - on the 4hr chart, a 2.0% BC projection of the...

Smart_Money_Trader Updated 

price looming over the 3rd bottom and a test of support trend line of the rising wedge, fib level wise, this is a 50% retracement of the up swing.

Smart_Money_Trader Updated 

Current Support: 1.21146 Current Resistance: 1.40000 A long term look at the EU: buy at the current key area of resistance that is also where the trend line extending from 2008/07/07 has been broken.

Smart_Money_Trader Updated 

Current Area of resistance: 0.93912 next area of support: 0.85377 retest of the rising wedge/neckline, look for shorting opportunities in the lower time frames from here on.

Smart_Money_Trader Updated 

Although a pin bar is forming in this is bullish price channel, experience has taught me to take note of scenarios like these where price fails to top previous higher highs, i'll be placing my bets on the bears to take over at the next key area of resistance.

Smart_Money_Trader Updated 

Current resistance: 87.888 Current Support: 86.762 Sell at the current level of resistance

Smart_Money_Trader Updated 

prices may extend to the marked point to complete the AB=CD pattern for a 62% retracement with a 1.62% BC fib projection, it'll be interesting to see if the current resistance zone will be broken but if not, that zone will also be a good place to take your profits.

Smart_Money_Trader Updated 

price broke out the rising pennant, there are a couple of huddles but we can expect a good return on this investment

Smart_Money_Trader Updated 

A bearish Gartley formed on the 4hr chart

Smart_Money_Trader Updated 

Current key area of Resistance level: 0.74335 Current Key area of support Level: 0.72884 - 0.72585 a Bullish Gartley completes at around the key area of support

Smart_Money_Trader

current Key area of resistance: 17:63977 current Key area of Support @ 16.66749 Sell at the resistance level or the break of the neckline

Smart_Money_Trader Updated 

Current support @ 1.52751 Current Resistance @ 1.53726 buy at current support or @ the break of current resistance, alternatively, buy at the break of the bullish Head and Shoulders neckline.