purepips

purepips

Last week on Thursday, AJ closed on daily with a hanging man which reversed price to the bears. Since this happened at a daily POR I'm paying more attention to this, however the overall trend is up. Special note that a double top also formed so there is a strong probability that this reversal will continue to the downside. On H4 the bears are definitely in...

purepips

EJ has been in a significant uptrend and closed on 5-12-17 with a weak bullish hammer. Price is testing S/R at a major daily POR so price could go either way. No rush. I will wait on the candles to tell me which way to go. Patience is key - I've been practicing this skill a whole lot lately :-)

purepips

AU's downtrend is very interesting because I'm seeing a repeat pattern on this trend - double/triple tops all the way down. Will it continue to repeat giving a good R/R opportunity? Well, current pricing appears to be following the same pattern, and if we break the through the next support, the following major daily S/R zone hasn't been reached since January. This...

purepips

GU closed on 5-12-17 on a doji and has been consolidating for about a week or so. No controlling candle spotted so no rush to get in. Overall trend is up and price just retested support, double tapped and appears to be headed to the upside. This looks really good right now and could go in on H1 to find an entry, but I will hold off a bit because (1) market just...

purepips

Daily for UJ as been on an uptrend for a couple of weeks and closed on a strong bearish candle 5-12-17. Pricing reversed at D-POR. Note that this reversal started in quarter theory zone of 114.500. H4 is showing countertrend movement as compared to daily and price is also approaching an H4 S/R zone so a reversal could occur here. I'm not considering a trade at...

purepips

Last week UC was consolidating on Daily. Closed on spinning top on the 12th (Daily). Currently UC is at POR so waiting on continuation or breach and retest before entry. Note there is a bullish engulfing on H4. They buyers are here!

purepips

May 12th closed with bullish engulfing candle. Price is in uptrend on it's way to D-POR. If price breaches D-POR and continues I will enter in a long. If price breaks and retests D-POR I will go in a short on a countertrend.