TeePeeFX

TeePeeFX

Even with last weeks push down, we can still see that not only is the daily structure still in-tact, but also divergence is still very much present. I think some LTF volatility through the weekend is very much a possibility. Although Friday closed with a rejection of the bottom of the daily structure, the price action is still looking bearish. If this can muster...

TeePeeFX

Confirmed break of this upper structure could expose .67 & .73

TeePeeFX

looking for a break of the upper structure then carry this long. With Divergence present, and a major trend just below, an earlier long opportunity could easily present itself. Targets are subject to move if we continue to correct to the downside. TeePee Students will be updated on this.

TeePeeFX Updated 

Bullish setup (Blue) - We have a potential DB forming, a break of the neckline will also break the T/L - giving clear indication that the momentum is shifting. Divergence is present. The blue box that the price is currently sat in is a clear area of Liquidity slightly further back in this time frame. If it can break above & scoop back, the move up is...

TeePeeFX

This is looking really good over the coming weeks. As we always say: "levels, be that support, resistance, trends or zones should be used as an area of interest, not a sole means to take a trade". The current price has reached a key level, being a HTF level of resistance and a strong weekly trend. At this level, there appears to be a very strong resemblance to a...

TeePeeFX

Overall my bias on this (longterm) still has not changed. I will still not be looking for the longer term swing high just yet. Our analysis on gold this year has played out to a Tee(Pee) This is a nice and simple setup. For it to be relevant we need to see a break of the top of this falling wedge structure, this then opens up the targets to 1745 & 1770. Both of...

TeePeeFX

This setup is only relevant if we can get that daily close below this neckline. As i have already stated to TeePee Students; I want to hit a stop on this, and i will not trade it on a live account. all the reasons for this were shared in our live session earlier today. Targets (1.758 & 1.743) are fib ext targets (1& 1.618). i don't think the previous relevance of...

TeePeeFX

Nice and simple setup, but this means nothing until the channel bottom is taken out. Longterm my bias on this is still long, across the majority of EUR pairs. We are still long on EJ & this pair since May. We could easily see another push to the channel top which would definitely give the targets a move with it. The targets are in no way concrete, especially if we...

TeePeeFX

here we have a nice descending and condensing structure. a quick look at the MACD shows us that this sell off looks to be tiring. We have already seen a break of the larger structure, now we need to see that the smaller patterns bottom holds, and find a break of the upper structure to look for long opportunities. Smaller targets are potential for now and can...

TeePeeFX

Eyes are still very much on this pair. No opportunity presented itself last week, but at the moment we have a nice and clean potential double top forming. Naturally, we need to see this neckline taken out before we can trade it. The double top itself (although it cannot be classified as divergence) is showing significant signs of weakening, through the MACD and...

TeePeeFX

As covered in our weekly outlook session with our students. This has the potential to be a scalp that moves into an intra/swing position. This time frame (4Hr) shows a considerable amount of liquidity just above. I simply cannot class this current collection of price action as a double top due to the fact that the price did not move into a rejection directly at...

TeePeeFX Updated 

Nice, clean and simple. We have the break of a very bearish 4 hour structure. on the move to the downside, price failed to reach any relevant fib ext targets. Im looking to the purple zone for scale ins to carry this pair to its final targets 1.74 & 1.72

TeePeeFX

Nice, simple & clean. Double top, neckline has already been broken, now we just need to look for the retrace - its always possible that this wont give a full retrace, or it may even over extend to the bodies of the candles on the neckline. nice drop off on the MACD across the peaks, and a trend break to vouch. Price action also looking very nice for the bears. I'm...

TeePeeFX Updated 

Both scenarios (for now at least are relevant). On one hand, we have a potential double top, with divergence across the two peaks. On the other hand we have a descending channel break with a clean break, hook back and rejection of the channel top.... To sell, i'm looking for a break of the double tops neckline at .912. To buy, i'm looking for the price to...

TeePeeFX Updated 

This chart may look a little noisy, but i assure you everything is of relevance. I'm really liking this setup. We have a potential double bottom formed (Highlighted black circle)... This has formed right on the targets of the previous rising wedge (1618 ext targets) The double bottom has divergence across both of the legs, and the neckline (123.4) has been...

TeePeeFX Updated 

Looking good for shorts here if this candle can close below the neckline. Nice and simple. Trendline break, double top, Divergence on the peaks and bearish price action. 1.962 is the neckline. TP1 = 1.946 TP2 = 1.939 Targets are conservative fib targets for the break of the double top - this is only valid if this 4 hour candle breaks and closes below the neckline...

TeePeeFX Updated 

Last week gave a break to the downside of an ascending channel on this pair. we also took out (and pulled back) an ascending Trendline in the process. What i like about this setup is that the fib ext targets sir right on the low of the previous rally. Fridays daily close also presented a bearish engulfing candle. We can see the MACD gave a clear indication that...

TeePeeFX

nice and simple setup. i will find my targets for this short trade when we either see a retrace to the channel bottom, or when we see this potential flag break to the downside. MACD looking good for this trade also.