We have discussed the importance and power of triangles before in technical analysis. Bitcoin which does tend to follow charting patterns very well now looks like it could be winding up nicely into a nice triangle. We can see that a nice reversal pattern has formed this week on the weekly charts, this Pin Bar […]
This is a coiling stock chart taken this week from Scottish and Southern Energy. We like the look of this chart because of the way price action has triangulated nicely, broken out and re-tested the upper resistance line of the triangle. The other thing to consider here is the context in which the coiled stock […]
A good long tail bullish pin bar has formed this week on the GBP/JPY pair.It has formed off a key level which was a previous resistance level. Since the price has moved above this level it has acted as support. A second thing to note is that it has formed of the weekly lower Bollinger […]
It’s been a long while since I last posted and I have seriously calmed things down over the past few years. I am much more relaxed in my style of trading and now spend most of my time out of the markets. I check the weekly charts still occasionally and if I spot something promising […]
AUD/NZD – Daily pin bar – Is this about to enter the final phase of the reverse head and shoulders pattern? I have been watching this pair from the sidelines for a long while now. If we look at the weekly chart below we can see that a nice Head and Shoulders pattern has been […]