Short term trade setup. I anticipate price to reach and complete a major Low.
This trade setup has been a very profitable one as price respected the Head and Shoulder chart pattern to the tea. Price broke out both ascending trendline and neckline. We placed two entries on this trade and our target was reached.
This trade setup has been a very profitable one as price respected the Head and Shoulder chart pattern to the tea. Price broke out both ascending trendline and neckline. We placed two entries on this trade and our target was reached.
Price has been on a two month long bearish run. A Consolidation can be spotted between the 9th of January all through to the 24th of January. This consolidation can be considered as the first LH of the spotted trend. Price broke out of the 0.65846 support level, this was a confirmation signal that the consolidation is over and a bearish price continuation would...
Price has been on a two month long bearish run. A Consolidation can be spotted between the 9th of January all through to the 24th of January. This consolidation can be considered as the first LH of the spotted trend. Price broke out of the 0.65846 support level, this was a confirmation signal that the consolidation is over and a bearish price continuation would...
Price completed a clear Head & Shoulders chart pattern from Monday through to Wednesday, also confirming the ascending trendline breakout. Price has consolidated throughout Thursday. I anticipated a continuation of the downtrend.
Nasdaq triple top has been identified. A breakout of the ascending trenline will ad confirmation of the new found trend.
Price has been on a bearish rally for the entire month of January. The 8th of Jan, we saw price experience its first retracement since the channel breakout and beginning of the decline in price. The first retracement completed the first lower high and second shoulder of the Head & Shoulder formation. Price respected the rules of the Head & Shoulder formation and...
I have established a downtrend within the H4 and H1 time frame. Price closed on the 0.83851 support level, I anticipate two probabilities: a respected double bottom pattern or a continuation of the trend, reaching for a lower low. We'll wait and see how the market opens.
USD/CHF has broken out of my resistance zone with anticipated completion of the ascending channel's HH.
Keeping tabs on EUR/AUD price completed a Rising wedge continuation chart pattern. We wait for price to complete the consolidation high and place a sell order.
Nasdaq has provided me with a clear Head & Shoulders pattern, Trendline just broke out but the lagging volatility tells us another story regarding Bearish momentum. Still Shorting the infamous index though.
GBP/USD anticipated short position after the double top. For my entry, I will wait for the ascending trendline breakout & support zone breakout.
EUR/AUD has provided me with a buy setup, headed towards the completion of the second shoulder before continuing the bearish rally.