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Chart Pattern: we have an inverse head and shoulder.price currently coiling at the right shoulder level and penetration of last week high inside bar would open the door for higher price levels.

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EURJPY is showing signs of reversal.. This is evident from the recent double bottom formed on the weekly chart.. will be posting updates on enteries on daily and 4H time frames Cheers

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etherium is nearing breakout.. will be watching for the breakout @ 240 area to go long

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IDEA; Head and Shoulder chart pattern breakdown with corrective rising channel breakdown.. This could possibly send prices lower Entry at breakout of the lower boundary of the rising channel @ 135.00 Stop Loss @ 136.00 TP1 @ 134.00 TP2 @ 132.10..

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TRADE IDEA: Double bottom with inside bar We expect a breach of the inside bar to expose higher price levels. we are therefore bullish

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Price broke out of 2018 falling trend line and close back inside giving us a false breakout.. Price therefor made a double top price pattern suggesting possible continuation of the bear trend.. we put in a sell stop order below the low of the inside bar @ 73.100 with a stop loss...

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We have a symmetrical triangle to play out with. .. So this possibly gives us two options on the 4 hour chart. We therefore wait for a close either above or below the symmetrical traingle. A close above the symmetrical triangle, we look to buy. Alternatively, a close below the symmetrical we look to sell.. Our target will be the origin and height of the...

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Since our last post on USDJPY about the Inverse Head and Shoulder Breakout, we were waiting for a retest of 107.6 and 107.15 zone.. Price seem to be respecting the zone so we are still maintaining our bullish bias on USDJPY en-route to 109.300... The pair is still trading along the neckline with a double bottom within a symetrical triangle on 4H. However timing...

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For the past week USDJPY has been coiling and consolidating without any clear direction. However, recent past week price action is begining to give us clue as to the next direction. Last week saw a breakout of a wedge pattern. Since that break out price has not fare any better but rather consolidates more to produce 5 NR bars on the daily chart. This coiling of...

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GBPAUD has formed a series of bear price pattern on both monthly, weekly, and daily time frames. This suggest that GBPAUD will probably move lower over time in the coming months , weeks and days. On the daily chart, we have an ascending broadening pattern which depicts a clear bear price pattern. We recently had a breakout and retest confirming the bear price...

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Chart pattern: Formed and tracing out ABCD pattern on 4H bouncing on rising trendline, formed double bottom with inside bar BUY STOP @ 0.64699 Stop Loss@ 0.643 TP1@ 0.6569 TP2@ 0.66692

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CHART PATTERN: forming and tracing out ABCD pattern On the 4H, bouncing on rising trendline and formed double bottom with an inside bar. BUY STOP @ 0.64699 STOPLOSS @ 0.643 TP1 @ 0.6568 TP2@ 0.66692

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Nasdaq could be in the process of gear shifting. After the recent sell off, the index has been able to rally about 70%. This comes as a no surprise as the fed keeps pumping money. On the daily time frame the index is trading around the shoulder level of the H&S that trigered the sell off. On the weekly time frame we have a weekly key reversal from last week...

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Seems EURUSD wants to turn upwards by the recent price action and chart pattern formation. We are having an inverse head and shoulder forming... Also with todays inside bar formation, this is a coiling for the next move and when unleashed will be massive.. Base on the price pattern formation, we believe the unleashed will be to the upside. The reason why we are...

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USDCHF approaching confluence zone 0.968 and 0.972.. Waiting for price action for next move

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USDCHF hovering around confluence zone 0.968 and 0.972. waiting for price action for next move.

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After the formation of the Head and shoulder price has drop nicely and appears to have gained a short term support. However prices are on the move to a confluence zone where we have a falling trendline intersecting a horizontal resistance level at around 0.85 and 0.854. We will be waiting for a possible 2 base case scenarios and act accordingly based on the...

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The NZDJPY is nearing to confirm a breakout consolidation. It all boils down to a daily close below 69.90 The recent run of the pair was halted by the double top formation which is driving prices down. with the double top confirmation and the break down of the rising trendline, the pair lost about 180 pips within 5 trading days and consolidated for about 3 weeks...