TL Support has been holding up price for days now. A further confirmation on my TL would prompt me to pulling the trigger while i'll be watching out for the minor resistance above. Remember proper risk mgt is key as we trade probabilities.
Price is currently on my longterm TL. If it does holds as a resistance....then we should be going short.
Price has been on an uptrend and has recently broke and retested my short term resistance TL turned support. So im going long probably to 1.74 level buh i'll watching the nearest resistance as my TP 1.
Gooday Traders! Price broke longternm downtrendline has done retest, hence im looking to buy!
Good day Traders! From the daily TF, price has formed a bullish pennant which seems to be at (almost) its apex. It further confluences with support TL on H4. Any move towards my support TL in conjuction with pattern should conclude my bullish bias.
Good day Traders! Happy new trading year! Lately from the weekly TF, Copper has broken out of my long-term resistance. To further reinstate my now bullish bias, i looking forward to price retesting this broken resistance which should also tally with my Daily TL support. I'' further be watching H4 for further pattern confirmation. This is what im seeing. Lets see...
Good day Traders! From the weekly TF, price is approaching (or already at) my weekly 2 year old trendline support. Lately, from the daily TF, price has formed a falling wedge which is a bullish reversal pattern. I'll be watching on H4 for confirmation signals/patterns to buy. This is what im seeing now. Lets see how this goes. Remember that proper risk management...
Gooday Traders! Do put in mind the somewhat unrest the UK general elections has brought to the market lately which did alter a lot of technical structures as this also might not play out as well. However, from what im seeing on the USDCNH chart, price has been forming a rising wedge pattern and with what i see, there's still room for more bullish action. Lately,...
Gooday Traders! From the daily Time Frame, price has been in a 12 month old descending channel. Last week price broke out upward from a descending triangle. Currently, price is making a correction of that bullish impulse wave with a flag pattern, inner descending channel or what ever your nomenclature might be. On H4 im looking forward to pulling my trigger for a...
Last week, price broke out of an ascending channel which was a correction of a bearish impulse wave. Waiting for further pattern confirmation on as i'll be looking for "possible" shorts. Lets see how this plays out, but for the mean time this is what im seeing. Remember that proper risk management is crucial. Do well to follow, like and comment.
Gooday traders! On the weekly timeframe price has been in a descending channel on the AussieYen pair. Lately, it has completed (or almost completed) its corrective wave of this 2 year old downtrend. Currently price is at my descending channel resistance. I'll be watching on D1 as well as H4 for a break and a retest. Already D1 is formed a bearish flag which is...
Gooday Traders! From our Aussie dollar chart, price has been in a descending channel from the weekly timeframe and is currently at (almost) our descending channel resistance. From the daily timeframe, price has formed a symmetrical triangle which breaks either ways. However, since price is at our weekly resistance, my bias is that price might likely break lower,...
Gooday Traders! From the daily timeframe, CADJPY has been in an ascending channel. Lately price has made a correction, broken and retested but encountered obstruction at 82.500. Price is almost at my ascending channel support. I'll watching H4 for further confirmation on whether my ascending channel support will hold. Im however, looking forward to a longer buy as...
Lately EURNZD had been in an ascending channel. Price has reached the support forming a decsending channel. I'll watching on H4 for further confirmation. Lets see how this goes. But for the mean time this is what im seeing.