Thread: Trend Line Trading

Look at the chart ... it is not completed yet but I think it will very soon...double top with roughly 200 pips (target 119.80 area)


cheers,
D

Originally Posted by brad_1199

Here is a daily chart of GBP/CHF ----->

Channels at work

Long Term Fibonacci Support Is At 1.4973 --- I expect to see price test that level eventually...

I dont know whether you receive my PM or not yet but just wanted to say THANK YOU for all your posts...I spent lot of time yesterday going through your recent posts (certainly I cant go through all your posts at once...they are too many

indeed spectacular work...THANK YOU

Originally Posted by dharminpdesai

I dont know whether you receive my PM or not yet but just wanted to say THANK YOU for all your posts...I spent lot of time yesterday going through your recent posts (certainly I cant go through all your posts at once...they are too many

indeed spectacular work...THANK YOU

Thank you for the kind words friend

Originally Posted by brad_1199

USD/CAD is inching its way into the down side... I don't think it's going to be much longer now and we'll see price drop to new lows ---

USD/CAD Daily Chart ----->

Update: -------->

WeLL WeLL... USD/CAD finally breaks to new lows today in line with my forecast for much lower prices to come

Just beautiful

Originally Posted by dharminpdesai

Brad, if you would please look at the CAD\CHF chart as well...I see ascending channel and can smell that CAD is trying to rise from the bottom ...but I dont think I understand the pattern well

Let me know what you think,

Thanks in advance,
D

I don't follow CAD/CHF ... You will need to do your own homework on that pair

Originally Posted by brad_1199

CAD/JPY Monthly Chart --->

Just taking a quick look here at the candles on the weekly chart of CAD/JPY... Things are looking pretty choppy.... But it still looks like we could possibly be headed up in the final wave of an ending diagonal triangle... Keep an eye out for a potential over shoot of the top of the diagonal offering optimal short entry... I will deffinately be keeping an eye on this chart---

See Chart for visuaL --->

ATTENTION Sean Hyman, or any moderator at FXCM... I have been noticing the fibonacci forum is inaccessable nearly all the time.. Could you please have someone look into this issue...? I have gone to post in the fibonacci forum on numerous occasions now and it is no where to be found...

Thanks

Originally Posted by brad_1199

ATTENTION Sean Hyman, or any moderator at FXCM... I have been noticing the fibonacci forum is inaccessable nearly all the time.. Could you please have someone look into this issue...? I have gone to post in the fibonacci forum on numerous occasions now and it is no where to be found...

Thanks

The Fibonacci forum has been taken down for now since there was very little activity in it that wasn't already in other forums.

Originally Posted by Sean Hyman

The Fibonacci forum has been taken down for now since there was very little activity in it that wasn't already in other forums.

Ok, thanx for the reply Sean.. Much appreciated

Originally Posted by brad_1199

Ok, thanx for the reply Sean.. Much appreciated

Hey, no probs.

Fed meeting out tomorrow at 2:15pm EST...however, right now, here's a rising wedge/ending diagonal pattern which is bearish for the pair.

Here's a descending triangle pattern that broke/completed.

USD/CHF flag/pennant on the 15 minute chart.

Don't forget about tomorrow's FOMC interest rate decision.

bearish Head & Shoulders pattern on EUR/NZD's 15 minute chart.

double top on GBP/AUD around 1.6600ish. Major daily trend's downtrend has now taken back over!