DerekUweri71

DerekUweri71

GBPAUD appears to be forming a bearish set up. Broken out of channel and is set to go down. HOWEVER, NFP in the next hour and a half so I will not be entering any positions.

DerekUweri71

GBPAUD has had some bullish momentum but could now turn bearish at resistance level.

DerekUweri71

GBPJPY has formed a Shark pattern. The trend down is very strong though. Could this pattern provide a few tradeable pips?

DerekUweri71

Cable has reached a crucial support level. You can see this on the weekly chart. Cable forming a bullish BAT but cable appears to be in a free fall at the moment. If support holds, we could see a reversal.

DerekUweri71

GBPNZD is in a strong downtrend. Price at key support level. Price may at least have a short term rally / a trradeable - retracement and then come down to break support and continue its down move. Or price could rally and break the Trend line and be a reversal.

DerekUweri71

Cable could turn bullish especially with the good UK data coming out.

DerekUweri71

eur$ Butterfly??

DerekUweri71

eur$ has been bullish lately. Running out of steam ?

DerekUweri71

Bullish pattern forming at support level. Break below 1.4599 will invalidate this pattern. Long on bullish signal.

DerekUweri71

Bullish shark formed on the EURAUD 1H

DerekUweri71

Potential Bullish Cypher forming on the daily chart.

DerekUweri71

BAT pattern appears to have completed now. We could be seeing a sell off on £aud to maybe 2.070

DerekUweri71

Potential Bearish BAT could be developing. Price may get to around 2.0965 before falling down.

DerekUweri71

Price could be forming a potential BAT. But there isn't a strong Resistance level at the 786 so could form a Butterfly. Let's keep an eye on this and see what happens.

DerekUweri71

£$ 1h appears to have formed a Bullish BAT. Bearish break below 1.4990 invalidates the BAT pattern. It is also a bullish break and test of the 1h long term TL.

DerekUweri71

GBPJPY has been selling off since the 4th July 2014 and is now a double bottom has formed at the bottom of a channel. Another line is drawn to indicate a possible Falling Wedge. Price is at a key level of support and a doji has formed. With a stop loss at 170.50, 10 pips Price could rally to the top of the channel to 172.200. 150 pips. Excellent risk reward...

DerekUweri71

Earlier this month, EurGbp broke a bearish trendline and appeared to be in an uptrend and the price was crawling up inside the rising channel. However, after price made a bullish rally yesterday to the top of the channel, there doesn't seem to be any follow through. Price is at the top of the channel and is also touching a major trendline. A pin bar has formed...