GBP/USD has been falling since July 14th and now is looking like its trapped within what looks to be a Descending Triangle or Pennant considering the current Low is higher in the Support zone then the Previous. The Descending Triangle made of Lower Highs into the Support Zone should typically give us a Bearish Break where price continues LOWER! -What makes this a...
USDCHF has made a STEEP decline since Oct. 3rd giving us a new Lower Low followed by a Lower High indicating DOWNTREND! Last week price broke my Confirmation (Point A) for the Bearish Sequence giving us a NEW LOWER LOW so my expectations for USDCHF is for price to give us a new Lower High and this High being a Sell Entry to take price down to Sequence Target @...
Here I have EUR/GBP on the 1Hr Chart exhibiting a Flag Pattern that looks quite BULLISH. Now my analysis on this pair is pieced together mostly Fundamentally given that EUR & GBP both went through the ringer this morning with the Purchasing Managers Index. BUT, EUR will be taking the cake for the rest of the week for news with: German Business Climate &...
AUD/JPY price action has outlined what looks to be a Pennant Pattern shown here on the 4Hr chart. Pennant patterns are made up of a Lower Highs and Higher Lows into a "Pinch Point". These patterns, given the right circumstances, break Bullish OR Bearish so its important to monitor price while its in "No Mans Land" and WAIT FOR THE PROPER BREAK so the market shows...
GBP/USD made a great start to the week opening Higher than the Low made last week on Friday followed by a strong Bullish start to the week. -This Bullish start to the week gives a HIGH possibility to the Inverted Head & Shoulders Pattern with price currently pushing up away from this low which would be he "Tip" of the "Right Shoulder". With price breaking above...
EUR/JPY ending price last week left it below the 200 EMA and showing some shift in power with the Bollinger Bands! This week opened low initiating my Trade Action Plan!! -SELL- { SL } 157.717 { ENTRY } 157.455 - 157.393 { TP } 156.455 - 156.079 *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING...
Last week AUD/JPY declined from a 3rd Attempt at a Higher Higher than its previous Highs on June 18th and Sept. 29th. The strong decline to the Current low in the Support Zone leads me to believe AJ will be Bearish for the week and I also suspect price to give us a bearish break of the Support initiating my Trade Action Plan for the Bearish Sequence!...
Here on the Daily Chart GBP/JPY has finished the Right Shoulder of the Head & Shoulders pattern @ 183.814! Price ended last week in a steep decline which brings my bias for GJ to be Bearish!! -I'm suspecting the finish of the pattern towards the neckline followed with a Bearish break validating said pattern to continue lower. *Price Breaking and Closing below...
USD/CAD may be giving us a Bullish Sequence breaking out of the Consolidation or sideways movement its been in since Oct. 3rd, outlined by the Bollinger Bands. Price Breaking and Closing above 1.36237 will confirm the sequence which will activate the Sequence Target range @ 1.36876 - 1.36667! -Fundamentally, USD had CPI and Unemployment Claims this morning with...
EUR/GBP has been traveling down a Falling Resistance pretty tightly since Oct. 3rd and has met up with our Rising Support created by the lows on Aug. 23rd and Sept. 6th bringing us to a pinch of a Pennant right before London Session! -Fundamentally GBP had an onslaught of negative news including the GDP so for EUR/GBP, my bias will be BULLISH!! -Supplementing my...
DXY has been on such a meteoric rise!! BUT all things that go up, MUST COME DOWN!! and boy isn't that true in the markets!! On the 4Hr Chart, I have DXY finally showing a Bearish Break to the Pennant it has been in which signals to me Bears could definitely be stepping in. Accompanying the Pennant is the ever so famously-known Head and Shoulders Patterns...
Here we have USD/JPY traveling down what looks to be a Descending Triangle! UJ is due for a correction and I believe we may be seeing that correction move come to us in this Descending Tri started by the High on Oct. 3rd followed by the failed attempt at a Higher High on Oct. 6th showing the Falling Resistance, all while price finding a nice support zone around...
EUR/USD has formed a beautiful Inverted Head & Shoulders Pattern on the 4Hr Chart *Prior to this analysis, I charted EUR/USD in a Bullish Channel which favors an Inverted Head & Shoulders pattern here! -Inverted Head & Shoulders is a reversal pattern where unlike its counter-part, this pattern is looking to go BULLISH!! Price is currently at the "Neckline" of...
GBP/USD has formed a beautiful Inverted Head & Shoulders Pattern on the 4Hr Chart -Inverted Head & Shoulders is a reversal pattern where unlike its counter-part, this pattern is looking to go BULLISH!! Price is currently at the "Neckline" of the Pattern, so what I'm anticipating is for price to give us that Bullish break above to continue higher!! **EUR/USD is...
GBP/JPY has finished the 5th Wave of the Elliot Wave it had been travelling so I've been suspecting a Correction Wave here and I think we are getting it in the shape of a Cup & Handle!! -This Cup & Handle gives us a High with a steep decline rounding off and heading back up to meet the "Equal High" forming the Cup. -My Buy Entry, the "Handle" is Fib'd and looks...
EUR/JPY had been struggling with a Falling Resistance the past couple weeks and to end last week, gave us a HUGE play back above the Support Zone and that Falling Resistance to what looks like is giving us a Cup & Handle Scenario! -My Buy Entry Zone, the "Handle" is not only Fib'd but also finds itself as the potential area where price will Retest the Break of...
USD/CHF has what looks to be a Head & Shoulders reversal pattern!! -Price has worked under the 200 EMA and my Dynamic S&R showing signs of an imminent reversal favoring my bearish bias on the pair! -The Head & Shoulder Pattern is made up of 3 peaks, the 2nd being the highest "the Head" with the "Right Shoulder" being lower, thus starting the downtrend movement...
Price for the stock ABNB has found itself in a Pennant Pattern!! On the second touch of the Falling Resistance, price was terminated in my Fib'd Kill Zone which has currently brought Price down to the Rising Support AND the 200 EMA. -This touch will be the 3rd test of the Trend-line! Now price still has Pinch Room to play in this pattern and Pennant Patterns...