tom_everitt

tom_everitt

major resistance, order blocks show, continue weekly downtrend. lets see what monday brings.

tom_everitt

nice new downtrend developing. at the end of the exhaustion phase with a nice bearish engulfing candle forming.

tom_everitt

As seen ive already toaken a long position in this pair, however there are plenty of pips to catch before closure. i believe the pair will continue its long term move to the bullish side with TP profits already been indicated. this trade was entered using a 3 wave analysis and will be the base now for all my trading.

tom_everitt

for USD/CHF there are confluences all the weekly, daily and 4 hour charts. the pair is currently holding at a good resistance level, with little momentum bullish. also, trend is always your friend which i learned from day one.

tom_everitt

the pair is looking is looking to sell off as hitting major resistance at the 618fib.

tom_everitt Updated 

as seen the 61.8 fib is very strong here with the pair previously bouncing off it numerous times on the daily charts. the fib also lines perfectly with the with weekly trendlines. waiting for a confirmation to go long.

tom_everitt

nice setup appearing here. just waiting for confirmation on candle formations and resistance.

tom_everitt

entered the pair long here with a massive ping off the 618 fib to follow the trend, simple trade.

tom_everitt Updated 

as seen the pair has bounced off the monthly resistance along with bouncig off the trendline. i expect the pair to break the trend to the upside. im looking to enter once the the pair has broken its trend and bounces back in around the purple box indicated.

tom_everitt

looking for longs here, at the bottom of the pitchfork now and found solid resistance. however waiting for a break of the 618 fibs before entering.

tom_everitt

we have recently seen the pair have a very strong bullish movement. news has impacted but the technicals are still there. im keeping a very close on the pair as i feel both fibs that are indicated very important depending if either is broke. wait for confirmation long or short.

tom_everitt

waiting for confirmation for the breakout, could be a strong pull back here.

tom_everitt

correct me if i'm wrong guys as im still testing out the waters with elliot wave theory. i see an ABC wave along with 5 waves amongst the pattern. if the pair breaks resistance i feel we will have a massive reversal here with resistance now acting as support, we will see how this plays out.

tom_everitt

just testing out the waters for this elliot wave analysis, looks like a fifth wave is now in play, especially after looking at the daily.

tom_everitt

the pair as pinged off daily resistance, false breakout has also occurred with a high RSI. wait for confirmation, strong sell here.

tom_everitt

the pair has round out of steam to the upside and looking for a major reversal here. confirmation has just been triggered.

tom_everitt

the pair is respecting the trendlines along with pinging off the 61.8 fib which is the GOLDEN fib.

tom_everitt

eurgbp waiting for a break to the downside before enter a trade short