TomProTrader

TomProTrader

Not much to say really, a descending triangle found here. On the 4 hour chart the resistance has actually been the 200 ema. Does this mean the breakout could be soon? This is something i'll keep my eye on for the next week or so to look for a shorting opportunity on break of the triangle. good luck traders

TomProTrader

Double bottom forming on USDCAD, pattern not yet confirmed. Be careful of how long you keep this trade, once it hits targets I think there's a possibility of some very bullish action (rectangle represents where I think price could quickly rebound.) (If price makes it down to near the black rectangle i'd look to get out of this trade.)

TomProTrader

We have the descending triangle forming with internal trend support (blue lines) If this next bounce of this price is to the blue line it would indicate a bearish situation and a probable sell off down to around 135.300 levels. However there is also bullish divergence on both the RSI and Stochastic oscillator Short opportunity if bounces off blue trend...

TomProTrader

A very sharp rise as this has been well overbought. The trend angle went all the way to 65!. High probability of strong selling pressure and a large move down, to as low as 1770-1850!.

TomProTrader

Channel broken and lands on previous resistance in the channel. Reversal candle showing. Opportunity for a good move here if you stay focussed.

TomProTrader

This looks like a good shorting opportunity. Stop losses at around 268-270 (psychological level) First rally to around 244-240 mark. There is also bearish divergance showing on the stochastic RSI on the 1 hour chart. If a break above the previous resistance level, look to long at 270 (But only if price proves to be holding above this psychological level.

TomProTrader

The stochastic RSI shows possibility of bearish divergence, while recent resistance levels have been hit. Possibility of double top forming here too. Short term profit targets shown. Possible rally to anywhere between 13.61 and 14.20. (previous support level). These targets are on the assumption the double top pattern does NOT complete.

TomProTrader

Symmetrical triangle formed. upside movement more likely than the downside in my opinion but it could go either way. MACD about to crossover to deliver buying signal.

TomProTrader

Triangle forming, upside movement more likely than the downside in my opinion but it could go either way. MACD close to crossover to deliver buying signal.

TomProTrader

Look to buy on 78.6 completion, Stop loss just above the XA leg. Profit targets representative of the fibonacci.

TomProTrader

Possible Cypher pattern occuring. Stop loss just over top of XA leg. Fib shows profit targets. Black rectangle at the bottom of the graph shows where I think the sell off will expire IF this pattern does complete.

TomProTrader

There is an opportunity to buy here after we've seen a double bottom form indicating a reversal. I like this double bottom because it is in like with historic support AND resistance levels (This historical support and resistance area is shown in the area is shown in the blue rectangle.) Theres 2 possible ways to enter this stock, you can wait for a retest of the...