Charles-OW

Charles-OW

A trade I’ve just jumped in.

Charles-OW

Firstly, let me just say, well done to whoever bought this pair at the start of the year. Wish I knew about trading back then, would’ve been nice ROI😭. From what I can see, we’re possibly looking at an inverse cup & handle (bearish formation) on the monthly timeframe. On the weekly timeframe, I can see the pair lost momentum in June and has only just come back to...

Charles-OW

As we can see, this pair is in an ascending triangle. If it does break to the upside, we’re going to be looking for a reaction at the 88.400 area.

Charles-OW

I’m currently in a sell on this pair. The reasoning for my trade is the fact this pair has found a resistance it doesn’t want to break, paired with the breaks of the channel to the downside. If it does break to the downside and it doesn’t break the support of the 1.27000 area, we could have an opportunity to buy back up to resistance. Easy channel trading +...

Charles-OW

At the moment, this pair is travelling in a channel. All you have to do is wait for a break of the channel or retest then just open a trade in your chosen direction. Be careful with fake breakouts, but to be honest, most pairs with JPY barely get fake breakouts unlike USD pairs. This is just a waiting game so patience is key. If you’re like me and try to...

Charles-OW

From the looks of it, golds revisiting the 1850 area it was using as support recently. Since it’s broken through, it’s now resistance. If we’re following patterns, the logical thing would be for gold to fall to the next strongest support. But from what I’ve seen, gold doesn’t doesn’t follow the patterns until it fakes traders out. So obviously do you DD.

Charles-OW

From the looks of it, this pair has been travelling in a channel for quite awhile on the weekly, it’s been doing this since the start of 2018. With a no deal brexit on the table, the Sterling will definitely be worse off over time. We could possibly see a retest of the 124 level by summer. The only thing I can see stopping this in my opinion is for a deal with...

Charles-OW

A trade I’m in.

Charles-OW

A trade I’m in.

Charles-OW

A trade I’m in.

Charles-OW

A trade I’m waiting to jump into.

Charles-OW

Another gold short I’m looking to jump into.

Charles-OW

A trade I’m in at the moment.

Charles-OW

A trade I’m in at the moment.

Charles-OW

A trade I’m in.

Charles-OW

A trade I’m going in.

Charles-OW

Waiting for USDJPY to retest this level.

Charles-OW

With possible news about a roll out of vaccinations going around, I reckon the bulls will push to near highs. From what I can see, we’re looking at an n pattern. This usually means the price will go back. With this, there’s a possibility to short at the top with TP halfway of the n.