Recent content by TradeSpotting

Hi Sive, I'm seeing a bullish 'inverse H&S' on the weekly with the neck line at $1,400.

Hi Sive, I am seeing a bullish 'inverse H&S' setting up on the weekly chart. neck line @ $1,400.

Hi Sive, My 2 cents worth...... I think IF the E/U closes below the weekly 200 EMA then it might head down to test the monthly support trend line....some 300 pips further down at the 1.305 level. However, the 1.3 level has a nice ring to it as well.

Hi Sive, I think price might even retrace further, possibly down to the weekly 200 EMA. This was a huge level of previous S/R as can be seen from price action there. Also, this would be about a 50% pullback from the huge January candle.

Hi Sive, I've been tracking a possible 'cup and handle' pattern on Gold and Silver for some time now. They are both stretching the 'handle' a bit though BUT still conforming for the moment. What do you think please?

Hi Sive, The Euro dollar index may have a road block in its path. The weekly 200 EMA. This may help to pause the E/U rally and may even give some pullback. Also, the USD index might hit some support in the form of a neckline on a H&S pattern.

I thought I posted this but perhaps not???? For what it is worth, I've got the E/U trading within a bear flag pattern on the 4 hr charts. Mary

Hi Sive, I've got, for what it is worth, the E/U trading on the 4 hr charts within a sort of bear flag, albeit a big one now. Waiting ...patiently!

Hi Sive, I agree to wait. The EURX has now retraced to the 61.8% fib level on the daily chart, up near the daily 200 EMA at around the 106 level. This level is critical. I will be waiting to see whether the 'risk on' sentiment continues at the start of the week and whether a break and...

Hi Sive, We did indeed get the triangle breakout I was looking for. It has given up to 100 pips so far. (see chart) I took the triangle break on the E/J though. I'm now waiting for triangle breakouts on the A/J and A/U! Have a great day! Cheers, Mary

Hi Sive, I'm watching for a triangle breakout on the 4 hr chart as part of a possible move up to the 1.36 level. Mon is a holiday in the USA so will prob wait until Tuesday of this week.

Hi Sive, I'd appreciate your thoughts here. When I look at the daily chart of the E/U, it looks, to me, that it is entirely possible that price could re-trace back to the 1.36 level. This is roughly in the area of a 61.8% fib retrace from the last swing high. Also, the current price action...