Teflon256

Teflon256 Updated 

I'm using a break out strategy, if price has broken any price levels I'm riding the wave.

Teflon256

Hi Traders, I'm looking at the strong peso this week. The dollar is weak, especially following the unemployment rate, plus the technical analysis shows a strong peso since it broke down the triangle chart pattern I setup. Comment on what you think, or maybe you have a different view on this chart.

Teflon256

Wassup Traders, Euro and dollar pair are still in the triangle consolidation. I saw this week, Euro Dipped and tested the consolidation line. Price has set a new low, then it broke the DownTrend line and started a new trend to the upside. I am thinking of going long this coming week, what do you guys think?

Teflon256 Updated 

Gold has formed a Triangle consolidation on the h4 charts. As I'm waiting for a break on either side, I see an upside down Head and Shoulders forming. I'm waiting for a bull bar to form and close above 1699.37 to confirm the pattern, then I'll be going long for a short term.

Teflon256 Updated 

This past week EURUSD rose by $0.01 cent or 1562 pips I see a potential DOUBLE TOP on the daily chart because price rejected at 1.10192 AND closed at 1.09794. A Triangle has been formed Therefore we have a downtrend signal. On the 4 hour chart there is an inverted hammer followed by a bearish candle. When a bearish price closes under 1.09794 then it is a sell...