kevin-br94

kevin-br94 Updated 

5 min head and shoulders pattern forming. 1 hour trend is down. The DXY is gaining strength up over 0.42% on the day (30/11/18) 17.42pm GMT. Looking to hit Thursday's Low. The idea is that you wait until it is expensive enough to sell, (sell into strength. Buy into weakness) I have moved my stops on both the DXY and DJI trades. DXY in profit and some profit...

kevin-br94

My outlook based on my method of trading. What I would look for on this instrument. To me it's like artwork, I love it.

kevin-br94

This is my overall picture of this pair. All simplicity. This does not encourage my directional bias. Just something to take note of.

kevin-br94

Could possibly be a buy on GJ

kevin-br94 Updated 

let's see what we can pull together. Possible retest of the range that was broken. Possible continuation in the direction. Posssible reversal once hit the level.

kevin-br94

broken channel

kevin-br94

Short idea. 2 Resistance lines approach. Looks like it's forming a head and shoulders. Yet to confirm. RSI looking like it's going to make Lowe Highs (LH). Waiting on 2 speeches that could confirm or defer this idea. If candle closes below previous low and RSI hits the red line. Short idea confirmed. Risk reward ratio 3/1.

kevin-br94

If I had taken the trade, would have made 178 pips. practicing patterns and looking at how the chart is reacting to my resistance / support lines. Wedges, triangles, channels, fib levels / retracements. A lot of planning and decision making done. No trades taken, however moving in the right direction on a technical level. I will be working for a trading desk by...

kevin-br94

It turns out I was right. Price did drop as expected.

kevin-br94

Was just testing to see if I could find another head and shoulders pattern on the usd/jpy pair. See if the trade idea is valid.

kevin-br94

The head and shoulders pattern that could possibly form from just a technical standpoint. I am by no means an expert on trading, I am still learning. I'm just practicing ideas and documenting them to further my understanding on chart analysis and techniques in the forex market. My goal is to find patterns to train my mind and my eyes in what to look for...