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- EarnPipsNow replied May 13, 2015
Magnificent top Head and Shoulders formation on the NZD/JPY (5 min) by the way, see chart below. Now all we need is the breakout and we are in business...
- EarnPipsNow replied May 13, 2015
By the way, did you notice the breakout and the subsequent pullback to the breakout line? (see chart) Sure you did
- EarnPipsNow replied May 13, 2015
Look at that huge Do-NOT-EVEN-THINK-ABOUT-IT shooting star at resistance level on the EUR/NZD (15 min). Seriously, do you truly believe that the bulls will somehow gather enough buying energy and break through it? NO WAY, not going to happen.
- EarnPipsNow replied Apr 30, 2015
Well, here is the thing Hoffi4201. See that big fat get-the-hell-out-of-my-way-or-I-will-break-your-neck-like-a-toothpick candle on the GBP/CAD (15min)? It was immediately followed by an equally mean, do-not-mess-with-me shooting star (see chart ...
- EarnPipsNow replied Apr 28, 2015
From a purely classical chart pattern point of view, the EUR/NZD has just completed a top Head and Shoulders formation on the 1h chart. Or so it seems (see chart below)...
- EarnPipsNow replied Apr 24, 2015
Yep, that nice little hammer did its job perfectly and stopped the GBP/JPY from falling any further (see chart below). Also notice the huge bullish engulfing pattern around 3 AM (NY time). Generally speaking, when you see that type of powerful ...
- EarnPipsNow replied Apr 21, 2015
Here is what I see on the daily chart, since you are using that time frame. Be careful and do not assume anything however, the breakout on the GBP/AUD could happen either way...
- EarnPipsNow replied Apr 16, 2015
Nice rectangle formation on the GBP/AUD (15 min). This pattern is usually hard to break during the Asian session, at least from the down side. On the other hand the upside potential is very good...
- EarnPipsNow replied Apr 13, 2015
Ascending triangle on the GBP/AUD (5min), always a good sign for long traders...
- EarnPipsNow replied Apr 8, 2015
Hi Isingh No, this pending order [Short GBP/AUD at 1.9450 (limit order), 52 pip stop] has been cancelled the same day, like all unfilled pending orders. The GBP/AUD just loves to come a few pips near my limit orders and then move in the right ...
- EarnPipsNow replied Apr 1, 2015
The price will usually test a shooting star (see chart below). Sometimes it will go half way (half the size of the candle that is) and then resume its downtrend. In rare occasions it could even exceed the high of the shooting star (to trap a few ...
- EarnPipsNow replied Apr 1, 2015
They did it again. Look at the phony breakout they created on the GBP/JPY to trap short sellers ...
- EarnPipsNow replied Apr 1, 2015
Hi Isingh, Yes the GBP/JPY is about to go down real hard, or so it seems. Here is the situation right now (see chart).
- EarnPipsNow replied Mar 31, 2015
They say when you find a good trading setup, always find another one that contradicts it completely! In the GBP/JPY case, we have a channel with a potential breakout to the downside (bearish implications), see chart above. BUT, at the same time we ...
- EarnPipsNow replied Mar 31, 2015
True. The GBP/JPY is also surfing inside a neat channel on the 30 min chart (see below). The breakout is usually on the downside but it could go either way of course...
- EarnPipsNow replied Mar 31, 2015
On the 1h chart the GBP/CAD has just completed a very powerful bearish engulfing reversal pattern, see chart below. This bearish signal is just too strong to ignore.
- EarnPipsNow replied Mar 31, 2015
Here is one way to determine if a support line is valid. Let's say I believe the red horizontal line (see below) is a possible support area. Now, to confirm my hypothesis I need to see at least 2 candles completely above that support line. To get ...
- EarnPipsNow replied Mar 30, 2015
In any case the Aussie is about to hit some serious support lines, that's for for sure.
- EarnPipsNow replied Mar 30, 2015
From a technical analysis point of view, here is how the chf/jpy looks like. We have a channel and what appears to be a breakout, both from the channel and the rectangle.
- EarnPipsNow replied Mar 30, 2015
Another shooting star at resistance level. Great, just what I needed.