gillianpatrice

gillianpatrice

Indices are selling off this time of year. Bulls could enter market 3rd week of March till Canada day. Watching for Symmetry to be met at March's S1 ( Yrly M2) for a double bottom and a HL to buy and hold. to YR M4- Another leg down could be possible to 8100 to retest Annual CPP.

gillianpatrice

01/20/2009 - Prior downtrend since Aug 2008 GFC - then up till mid-June. 01/20/2005 - long till March 01/21/2013- long till Mid February then Short. Up till 3rd week of March found bottom then long. 01/20/2017 - Bounce up then down until mid-April. Technicals currently favour bullishness on the Yen crosses.

gillianpatrice

H&S on daily - double top on 4hr- at Mthy pivots M3 - S&P bearish. Trumps inauguration - previously the market fell then rallied 8%. Looking for a seasonal play in January for the market to fall. Monthly M3 - M1 play. Then buy the market and hold till Canada day.

gillianpatrice

The GPBUSD shows a H&S pattern forming on the hourly chart. Price has made a LL off the Daily 21 EMA & WKY R1. Looking for a LH on the 1 Hr - range - 1.2516 - 1.2522 to take the trade - 38.2- 50% fib. Target 1.2387 Wkly S1 Fundamentals match technicals. USD strength.

gillianpatrice

ASX200 has made a LL on the daily - I am looking for a LH to form at the Monthly M3 within 10 days and then to see a move to the the monthly M1 as investors and portfolio managers take profit for the last financial tax year. This move may happen quickly. But hey it's just a plan!

gillianpatrice

Double top on Daily chart. Bearish engulfing candle. Looking for confirmation on a 1min after market open to see the Role reversal play from previous low 195.75. Support 194.90 - first target watch for a HL off this area potentially more downside to see 194.09.

gillianpatrice

Diamonds have a future especially now that buyers are concerned with providence. The major swing that occurs from Oct 20 from the lows 37.40ish to the peak in Aug 21 is where I've taken my analysis from. It's a slow mover but consistent for a technical setup. Price has hit a 61.8 Fibonacci retracement of the major swing and price is now heading up. The 1st level...

gillianpatrice

TSL is at a good support level. We have a role reversal from the early months of Jan Feb around 901 where price made a high and then retreated. This support also is overlapping with a Bear profit target of 127% of the correction from the last high. Price is currently at a level where the Bulls are hiding. My plan is to buy 50% of my budget on an HL from this area...

gillianpatrice Updated 

Techn Analysis: 7 4hr candles could not make a Lower low have price has terminated at 127% of the Fib extension on the Daily chart. Double bottom on 4hr. This is a high risk trade as the 15min has a change of trend. Looking for a move fib of the break down. Price should retest confluence TL and 38.2% Fib correction level before more selling occurs. Buy at...

gillianpatrice

USD is in No-Man’s land and we did not see any big moves like the other major pairs. I had to take a quick look at the USDCHF considering the fall in the other currencies such as AUD & EUR on Friday. Usually there is inverse correlation between the USD and other currencies. Currently there is none. Technical analysis suggests we can look at trading this pair...

gillianpatrice

The Aussie dollar has turned bearish on the weekly and daily chart. The Bias is bearish till price hits the next fib level 78.6 (0.7105) indicated by the orange line on the chart. The long term trendline has been clearly breached and on the weekly and daily with a bearish candle closing beyond the upward support. We can now trade this to the next level for around...

gillianpatrice Updated 

I’ve been keeping an eye on the USDCHF for a while. Price has taken out the previous swing high and has now broken a supporting trendline. This is the confirmation I needed to take a short against the Weekly Bias on this pair. The daily looks prime for a correction to the extension targets.(see green arrows) before the BULLS re-enter long. USD/CHF - SHORT Swing...

gillianpatrice

This is what I am waiting for on the 4hr chart.

gillianpatrice

My analysis on the daily Ethereum chart tells me we are at the point where we could see a large move on Ethereum. My personal Bias is Long and I see a bullish wedge formation which can lead to the next leg up. To find the point where price may terminate we measure the opening of the wedge from the 1320 ish area to the bottom support line = $1,112.00. I then...

gillianpatrice

I like to analyse the Weekly time frame to give me a perspective on when I am forming my Bias. The Bias is still bullish and it simply looks like a minor correction of the previous rise and we are looking at making a higher high. If price closes above 11380 then 13448 (overlapping fib areas) well then we may see a double top at the All Time High. Price action will...

gillianpatrice

We predicted a bullish move from the Weekly 127% and support. Economic factors contributed to the strong rise in this pair after Tokyo closed. The RBA announced it will keep the cash rate the same 1.5%. Price is now falling from the top of the channel. After a decline of 328pips in 14 days we can expect some retracement or mean reversion. The daily chart may be...

gillianpatrice

I trade the AUDUSD as the margin is low and this pair works well for intraday trading as it can yield 50-95 pips. It trends well so if you are a beginner or intermediate trader it's a good pair to start with. Price has reached a monthly and weekly low and support from May 2017. We have a response from the Bulls and a nicely formed doji candle provides us with a...

gillianpatrice

Rules of Engagement Price is at a 200% extension of the previous swing on the Daily chart A 1-2-3 pattern has formed on the 1hr or 4hr chart ie. A prior swing high has been taken out by price action confirming our entry. Analysis Price at Daily support and order flow is forming a fractal. Sellers are taking profit and the Bulls are looking at an entry as price is...