Before checking out what's in store for us on the fundamental side of things I would have called this a no-brainer trading opportunity. On the daily chart we have recently put in a LLLC and presently we're retracing back into the previous 2 days highs. Not to mention we've had the completion of a bearish Cypher pattern at 1.3828 which I'd be looking to use as an...
Drawing different trend lines for oil allows us to get some support and resistance levels for the intermediate term. For my full analysis including more charts check out www.enhancingcapital.com
Bear Gartley, Sorry for the lack of explanation earlier, but we found this while in the middle of my live trading room session. Essentially this is a bearish Gartley (which may have double topped by now) coming into previous structure. So for those looking to catch a move short.
GBPAUD has been a pair that we've been tracking for about a month now. For the past w\few weeks we've been waiting for the ascending triangle breakout and now that it's occurred the next chance to get long would be a retest of structure. As the market has wiggled it's way down, we've set up a potential bullish Gartley pattern that can be used to take advantage...
I've got to run soon so I'm not sure if I'll be able to catch this or not. But for those looking for the next place to short Kiwi this area looks as good as any. Harmonic move, fib extension, multiple fib retracements and of course structure to hide stops above. If it's still a potential trade by the time I return I'll keep you guys updated on what 'd be looking...
This continuation play is somewhat related (call it the prelude) to the trade idea linked under "Related Ideas". After the strong US jobs report on Friday, this pair became instantly bullish and gained 185 pips. We now have a bullish rectangle developing on the hourly, which could serve as an entry pattern for a continuation of the trend. Inside the rectangle...
I already entered a short position at 0.968. I think a downward trend will continue after a short pullback period in wich we are now. The trade is fundamental based on the Policy of Reserve Bank of Australia. It cuts the cash rate by 25 bp to 2.25% to a historic low. They argue that it will boost the economy and will provide support and growth. Well we will see ...
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible EURJPY Trend Following Short Opportunity 1. Underlying Trend is Short. It has reached a particular level where it may try to retest previous highs (there is a counter trend opportunity as well) 2. 78.6 fib at the previous high 3. 10 SMA and 50 SMA are lagging behind and around the same area...
After the SNB announcement the USD plunged against the Swiss Franc. Since that day it has been fluctuating in an ever smaller range (see the 240 chart), never exceeding the 0.88 range. This forms a flag pattern on the chart which usually results in a trend continuation (in this case to the downside) On the 60 min chart we can see a bat pattern completion which...
This pair (as many other EUR pairs) has been very bearish. We are looking at a potential Cyper Pattern completion here around 1.4331 (a 1.618 extension of AB and 1.414 extension of BC can be found a little lower) where you can enter the trade for a continuation of the downtrend. C did not fully reach the 1.272 extension of XA but is within a couple of pips from...
What fun would trading be if we didn't stem up a bit a controversy every once in a while. Now when looking at the higher timeframes everyone is calling for a long on the GBPAUD based on the previous level of structure that we're coming into. Me...well I took a short position this morning at the 86 even handle. Seeing how more than 80% of traders fail I have no...
After yesterday's scare, Gold has given us an outside return back into previous structure highs. On the way we've happened to form an advanced pattern as well. I typically prefer deeper completing Gartley patterns, but even though this one is shallow, it goes with the underlying trend. Pattern traders can look for a move back down to that magical 1200 level, why...
Bullish bat Pattern with the trend on GBPJPY
Brought to my attention by one of my Syndicate Members, what we're looking at is a bearish Cypher pattern. If you take a look at the recent movement of the market we've just put in a new structure low (LLLC) and the Cypher completion comes at a retracement back into previous structure along with a 38.2 Fibonacci retracement from our bigger swing. Unfortunately...
Price action has maintained a falling direction with passably uniform cycles below the 10 ema and trend line resistance offering entries below conspicuous high test bars. The moving averages are in their correct order and fanning out pleasingly. Tonight's set up is also an entry below the high test bar that has rejected resistance at ~17.60 and bounced off the 10...
GBPJPY has been in a consolidation period period for a few months now, just recently broke upwards putting in substantially higher highs. Price has retraced back into previous highs providing an opportunity to go long for another upward wave. Candlewicks showing price is respecting this support level RSI showing pretty huge bullish divergence Upward trend...
Crude oil has shown a promising downtrend respecting key levels where it's seen to be giving beautiful entries on its visibly apparent journey south. Currently, a high test close rejecting 99.60 after a pullback presents another such entry with a target area aimed at 88.50. 99.60 is within close proximity to the 38.2% Fibonacci retracement level. Today's high test...
Last night I discussed the AUDCAD in a video that I put out for my Syndicate members. We had previously earned some pips on a a bearish Bat pattern, but the market never really ran too far way from this general area. What caught my attention was the series of higher lows and the fact that we finally achieved a LLLC as on last nights analysis. I didn't have a...