TradingwithL

TradingwithL

Hi all, here we have the AUD/USD, as you can see this was in a bullish uptrend, and then we have failed to ralley back up to the trendline to continue to be bullish, which brings me to my next point.. a impulse move down signalling a bearish sign with a little pullback which we can start to see a 'double top' in key area A which could be a entry signal to...

TradingwithL

Hi all, Here we have the USD/JPY, hopefully, just a simple short decent down and gain a few pips! As you can see this looks like a bearish trend with a downward redline and a strong bearish impulse down, there seems to be a small consolidation with a good rejection of price still indicating a downward trend, a good entry point would be somewhere near the red...

TradingwithL

Hi all, as you can see we have the DOT/USDT, the higher and overall time frame shows this in a bearish movement, indicated by the downward red line. once price gets into 'key area B' we can wait for a consolidation or buy/sell signal (on a smaller time frame) to enter the trade. I also see a H+S but this is in the middle on a trend - I would think diffrentley if...

TradingwithL

hi all, this came up due to me helping a friend, here we have Disney on a 1hr chart, with a possibility of a double top, (awaiting the 2nd red candle) this double top is at the top of a uptrend, which buyers have tried to push the price up twice, in failing to do so this could mean a bearish turn and we could gain a few pips on the way down! ** this is not...

TradingwithL

Hi Guys, recently been busy with work and other commitments so hardly been focussing on trades but a friend has asked me to get back into it so here we are … As you can see crude is in a down trend in the bigger picture, but on a pullback of an uptrend, which is trading in the range, I have plotted a bullish sign (green) and a bearish sign (red), a key area to...

TradingwithL

Hi all, Here we have the 4 HR chart on the AUD/USD , as you can see we have tested a major trendline twice, with good retracements suggesting good support, and resistance been tested 3 times which as you can see by the chart, we may have an accending wedge /triangle, now with retest confirmed by resistance now acting as support, time to gain a few pips - looking...

TradingwithL

Hi all, Here we have Aston Martin on a 4HR chart and in the bigger picture it looks like a falling wedge with a major line acting as support, and also a double bottom (with a green candle on the 2nd bottom - although we can wait for a break of the neckline to confirm, depending how aggressive you want to trade) This support line has acted as good support 1 2 3...

TradingwithL Updated 

Hi all, Here have have the EUR/NZD on a daily chart, as a technical trader we have 2 patterns awaiting confirmation which is a double top - break of the neckline would be a confirmation and we could also have an accending wedge which the green support acts as the wedge, all been well the neckline is the resistance, One to keep an eye on for bulls and bears...

TradingwithL Updated 

Hi all, Here we have the 4 HR chart on the AUD/USD, as you can see we have tested a major trendline twice, with good retracements suggesting good support, and resistance been tested 3 times which as you can see by the chart, we may have an accending wedge/triangle, We have a 2 areas (grey boxes) where there could possibly be a range/consolidation to gain afew...

TradingwithL

Hi all, Here we have the GOLD on a 1D timeframe, we have a double bottom and it's broken past the neckline and waiting for a re-test of the neck line for a bullish move (already had a strong price rejection with one long wick - good sign). I have put a Conservative SL at the previous low and a TP at a high, although you can adjust price targets to suite...

TradingwithL

Hi all, Here we have a 4 HR chart on the GBP/USD, and in my opinion on why I think it could be bullish for technical trading. In my opinion we are in the start of an uptrend due to the previous support not been broken and I have plotted a bullish theory, I have also put in a short position if the support gets broken below. * This is not financial advice, this...

TradingwithL

Hi all Here we have a 4HR chart with the top of the chanel/range as shown, with a bullish flag just before a key area of value which in my opinion is a good sign which could be in the form of a higher impulse move higher with a retest of the chanel line or a H+S pattern. (just a couple of patterns I personally use). There is a slight consolidation before the move...

TradingwithL

Hi all, Here we have crude oil on a 4HR chart, which could be at a key point if your a technical trader with 3 options that come into play and could gain a few pips once the confirmation of a entry point, 1) we continue the upward trend, retest the dashed line and continue making higher highs, for a Conservative entry would to wait for a retest of the dashed...

TradingwithL

Hi all, Today we have a possibly have a double bottom on the 4hr chart on the usd/chf, just awaiting the break of the neckline. My analysis for the first part of the double bottom is this grey box where price may enter or close in the box. The grey box goes from the first body of the candle to the lowest price point of the bottom. BUT CANDLES MUST NOT CLOSE...

TradingwithL

Hi all, Here we have the start of a double top forming on the GBP/USD, 1HR chart Just awaiting confirmation of the break of the neckline (black dashed line) which is also at a key level on the 4HR chart. We have a slight decline in the price highs leading up to the double top and this can be confirmed by the decline shown in the volume bar at the bottom. Should...

TradingwithL

Hi all, Just awaiting for the confirmation on the 4Hr chart to confirm a double top once price breaks and closes below that grey support box, Anybody else spot this and fancy getting a few cheeky pips on the way down? This is no way financial advice this is my own opinion and all feedback is welcomed Trade safe and good luck L

TradingwithL

Hi all, Just a little in depth chart analysis (in my opinion) why I think GOLD is going to be on a impulsive move higher. At the start we see a small consolidation (grey box) before a flag pattern to a bullish side. The gaps (long grey boxes) have been filled and could act as support. There is a small consolidation at the top of the chart before it breaks into a...

TradingwithL

Hi all, just an idea see what you all think into how I look and start a trade, how do you look to start a trade? Here's a setup I am keeping an eye on with a possibility of 3 out comes: 1. We can trade the support and resistance upon the grey area of value. 2. Price could break the resistance and give us a break with a retest of the grey area of value...