EUR/JPY gave us a STRONG Bearish Break of the Descending Triangle its been in since Aug. 30th after having came back down into pattern after the False Break! This has initiated my Trade Action Plan! -SELL- { SL } 157.024 { Entry } 156.52 - 155.808 { TP } 153.5 *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS...
EUR/JPY price action is outlining what LOOKS to be a possible Descending Triangle! Descending Triangles, made of Lower Highs into a Support zone, typically mean BEARISH momentum is starting to step in!! *Descending Triangle will be Tried and True if price action is able to break down below 156.579! **Price breaking up above Top Leg will INVALIDATE Chart...
EUR/GBP made its current Highest High on the morning of Sept. 26th followed by the failed attempt at a Higher High this morning! Price on the Lower High (Point B) has terminated in my Kill Zone identifying this to me as a potential Reversal considered a Double Top! -Bear Prediction *If Price breaks above .86911, that will INVALIDATE the Bearish Sequence...
NAS100USD has made 3 attempts to break above the Falling Resistance and after that 3 attempt declined down further past our Low (Point A) initiating my Trade Action Plan! Price is well underneath my Dynamic Support and Resistance and I anticipate it to come down into contact with the 200 EMA! -SELL- { SL } 15176.7 { Entry } 14967.1 - 14897.3 { TP } ...
Roku price has created what looks to be a Double Top Pattern! Price unable to create a Higher High, then broke down below the Low (Point A) signaling a strong Bearish trend! I suspect Price to retrace to the Fib'd Range @ 76.37 - 81.24 to then be rejected down to Sequence Target @ 58.1 - 49.2! -This Price Action would also outline a Head & Shoulders Pattern. As...
Netflix has been in a Downtrend since July 19th. After its failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to Retrace to the Fib'd Range @ 412.27 - 398.52 to be rejected down to Sequence Target @ 315.6 - 283.05! As for indicators, Price Action has moved...
Apple stock has been in a downtrend since Aug. 1st After the failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to retrace to the Fib'd Range @ 178.77 - 175.05 to be rejected down to Sequence Target at 147.42 - 137.38! As for indicators, Price Action has moved...
-US500 has been in a Bearish Channel started July 27th. After the failed Higher High on Sept. 1st, followed by the Lower Low. That initiated my Trade Action Plan! -Price made contact with 200 EMA and now is traveling back up! -I believe price is retracing back to our Confirmation Break of Sequence (Point A) and then rejected upon arrival at my Sell Entry Zone to...
NSXUSD (US Tech 100) finds itself in a Bearish Channel which seems to be the product of a Bull Flag given the strong Uptrend prior to Price entering patterning. With a Bull Flag, typically Price will test both Falling Support & Resistance until enough Buying pressure is applied to where price gives us a Bullish Break of the Falling resistance to climb higher! I...
GBP/JPY gave us a SOLID bearish break of the Descending Triangle on Sept. 21st initiating my Trade Action plan!! Price has retraced back towards the Support-turned-Resistance and made contact with the 200 EMA and has been rejected strongly from the area! -Price Action on the 4Hr Chart outlines price ending the 4th Wave getting ready to continue the 5th Wave of...
Some interesting analysis has shown itself through Price Action and the added help from the indicator Relative Strength Index!! I solely base my analysis off of price action, then add indicators later to solidify any bias! What I am witnessing is called a Divergence where Price action, in this case, is giving us Higher Highs where our RSI indicator is giving us...
USD/CAD price action is outlining what LOOKS to be a possible Ascending Triangle! Ascending Triangles, made of Higher Lows into a Resistance zone, typically mean BULLISH momentum is starting to step in!! *Ascending Triangle will be Tried and True if price action is able to break up above 1.35242! **Price breaking down below Bottom Leg will INVALIDATE Chart...
Here we have a possible long term BEARISH analysis on Gold. Gold seems to be respecting this Falling Resistance that reared its face upon price reaching 2081 (May 4th) then declining to then retest this Resistance a 2nd time at 1953 (Sep. 1st) bringing us to the 3rd attempt at 1937 (Sep. 19th) Following this 3rd attempt, price has STEADILY declined into what...
EUR/USD has broken sequence confirmation initiating my Trade Action Plan!! -BUY- {TP} 1.07450 {Entry Zone} 1.06818 - 1.06792 {SL} 1.06560 *TRADING INVOLVES RISK! THIS IS NOT TRADING ADVICE NOR SHOULD YOU BLINDLY TRADE WHAT YOU HAVE NOT TESTED BEFORE! EDUCATIONAL PURPOSE ONLY!
Price for USD is forming what looks to be a Pennant Chart Pattern! Pennants are known to be Continuation patterns where price typically will break out the direction it was heading prior to entering the pattern! BUT everyone knows MARKETS CAN DO WHATEVER, WHENEVER! DXY has been stretching up since July 14th! Lets see if the BULLS have what it takes to push...
USD/CAD is currently in an interesting area!! Price is creating an Equal Low at the previous low making it a "Neckline" for what looks to be a possible Head & Shoulders Pattern! Head & Shoulders are considered to be a REVERSAL chart pattern where price is unable to create a higher high then the "Head" and is rejected back down from the shoulder forcing price to...
USD/JPY is struggling after reaching these Highs it hasn't been to since back in Nov' of 22! *Given there is room for price to go higher* Price created a High on Sept' 5th with two attempts to break it afterwards (Sept' 6th & 8th) *Unable to do so creating a Lower Low! (Sept' 11th) Today the bulls gave another attempt to bust up but were DENIED!! (after positive...
GBP/USD has begun a bullish sequence with price pushing up above 1.25142!! Price action therefore has initiated my Trade Action Plan! *BUY* {TP} 1.25885 {Entry Zone} 1.2498 - 1.24935 {SL} 1.24691 -Trading involves risk!! This is not trading advice nor should you blindly risk your money on what you haven't tested before! Educational Purposes Only!