Trend_Analyst

Trend_Analyst

AUDUSD Short

Trend_Analyst Updated 

AUDUSD Short

Trend_Analyst

USDJPY Wave Count, wave 4 looks to be complete and we have a bullish crossover on stochastic.

Trend_Analyst

EURUSD Short pending breakout. We currently have a bearish pennant pattern on EURUSD. This is normally a continuation pattern and often appears halfway through a sharp move. Because of the sharp move preceding the pennant , the combination is often called a flagpole. This allows a target to be achieved by measuring the distance traveled to the pennant and then...

Trend_Analyst

EURUSD Bearish Pennant. This is normally a continuation pattern and often appears halfway through a sharp move. Because of the sharp move preceding the pennant, the combination is often called a flagpole. This allows a target to be achieved by measuring the distance travelled to the pennant and then projecting this down from the breakout point.

Trend_Analyst

EURUSD Short

Trend_Analyst

Tesco PLC looks to be trading in corrective mode at the moment as we pull back towards the 38.2% Fibonacci retracement level. Stochastic is also moving into oversold territory. If we start to see some support coming in around the 38.2% level around 234 and we get a bullish crossover on stochastic we would have a good low risk long trade set up.

Trend_Analyst

GBPUSD Descending triangle, possible continuation pattern. Looking for a breakout to the upside to confirm. Stochastic is heading into oversold territory, a bullish crossover below 20 would add some confirmation momentum is shifting back to the upside.

Trend_Analyst

NZDUSD Possible Short Pending Trendline Re-test

Trend_Analyst

This is a great example of how resistance often becomes support (and vice versa) with multiple tests of both. It is always worth extending trendlines beyond current price action. It is very common to see a break through support or resistance come back and retest the same trendline from the other side.

Trend_Analyst

EURUSD Testing Resistance, Possible Short

Trend_Analyst Updated 

After being stopped out of my last GBPUSD trade we are at support and looking to get back in. Again we have a well defined stop level just below support at 1.32033.

Trend_Analyst Updated 

USDCAD Possible Long Pending Triangle Breakout

Trend_Analyst

UDUSD Long Parallel Channel Trade

Trend_Analyst

GBPUSD Long Trade Tight Stop Loss R:R 8:1

Trend_Analyst

GBPUSD 15 min Testing Resistance

Trend_Analyst

EURUSD 15 min Trendline Break

Trend_Analyst

GBPUSD is currently testing a possible support level. The last candle was a long legged doji which confirms support here. This is a good low risk opportunity to go long with and good risk to reward of 5:1. A stop needs to be placed just below the shadow on the doji candle at 1.30033 and would target 1.30800 which is just below the area of resistance marked on the chart.