Smart_Money_Trader

Smart_Money_Trader

the price action around the 13.21941 area will be quite interesting, i for one will be looking for any selling opportunities around this price.

Smart_Money_Trader Updated 

there's a much needed break of the current support that's needed to entice the bears to take over, wait for a solid break out and a retest before committing.

Smart_Money_Trader Updated 

a bearish Cypher has occurred on the 15min chart at a key area of support

Smart_Money_Trader

look out for the price action around 1.10494

Smart_Money_Trader

it's always splendid to see price respecting certain levels on a chart, it's unfortunate that i didn't enter the trade when price hit the defining moment for this pair because of my last encounter with it but i'm giving it a second shot.

Smart_Money_Trader Updated 

After 360 pips bagged for this pair i'm closing the trade. what compels me even more to do so are the problem areas highlighted in yellow and frankly i don't see price even making it to the 62% fib retracement level, this is due to the order block on the 50% fib level identifiable by that last bullish candle right before price took off to the down side. going...

Smart_Money_Trader

price is approaching a very good area in terms of price action at the 70% fib zone, if you check the weekly you get to see the number of times price has bounced at that zone. on the on set there's a head and shoulders pattern on the daily chart

Smart_Money_Trader Updated 

a bearish bat pattern formed on the 15min time frame which indicates that there's a good chance that the bears will be taking a lead from now on.

Smart_Money_Trader Updated 

came late to the party but because the trend is on a daily time frame i'll be looking for a good price to sell on lower time frames.

Smart_Money_Trader Updated 

My bias is to the long side simply because there has been some aggressive price action at this level in the past and there's been a couple of price flips (support turns into resistance)when looking at the horizontal line. going forward i will monitor this level on lower time frames for more confirmations but from the outset, a head and shoulders pattern is just...

Smart_Money_Trader

a key a resistance has been hit, and we can looking at making quite a killin

Smart_Money_Trader

if your account is big enough to handle anything this week can throw, here is a really good opportunity. there a couple of pit stops that might get in the way but all in all, this is as good as it can get

Smart_Money_Trader

i'll be looking to find opportunities to go short around that area

Smart_Money_Trader Updated 

looking at the 30min USDCHF chart, one can see a bullish butterfly and we can expect a move to the upside.

Smart_Money_Trader

a bearish shark Pattern occurred on the 15min time frame right at the 62% retracement level that can be seen on the daily chart.

Smart_Money_Trader

bearish Cypher on the 50% fib line on the hourly time frame, looking to short the retest of the last bullish candle

Smart_Money_Trader

looking to short at the horizontal line if a bearish harmonic pattern is formed on the lower time frames

Smart_Money_Trader

i don't really trade patterns that occur on the 50% fib line so although i'm sitting this one out, i'll be on the side of the bulls