I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
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Traders seems to be increasingly hesitant buying the pair at current levels, especially with Euro-zone economic data likely to worsen. The main reason price remains near all-time highs is because the ECB continues to maintain a tough stance on interest rates in the short term to control inflationary pressure. But just how long will this last if economic data being released gets suckier and suckier?… More…
Is the dollar oversold? I believe it might be for this pair. It has been in a super strong rally and I'm looking some kind of pullback. Price has been trading sideways recently creating a bunch of spinning tops signaling bullish fatigue and/or indecision. … More…
This pair has dropped like a rock the past few days due to risk aversion. With bullish divergence present, I'm looking to play a short-term correction here. I will admit this trade is a tad on the risky side since everybody has been hatin' on the dollar lately.… More…
This loonie pair has been trading upward in a nice ascending channel. With bearish divergence now present, I look for it weaken back to the bottom of its channel. … More…
There's a constant back-and-forth battle for this pair between the two camps. On the bearish side, continued fears over risk and credit conditions as well as the possibility of Big Ben cutting rates in the US.… More…
This pair has been in steep uptrend but looks to be tired. A nice little doji at the "peak" of its swing is a sign that maybe the tide has turned. There's also bearish divergence with price making a higher high while the oscillator is fading. … More…
There is bearish divergence present here. Price has made higher highs while the oscillator makes lower highs. I look for price to fall back to parity, a strong psychological support level, as well as where the pink 50 EMA and purple 200 SMA are hanging out. … More…
This pair looks to be weakening here with the formation of double tweezers as it fights resistance from its pink 50 EMA. There's an ugly looking bearish divergence present with price sideways while the oscillator trends down. … More…
This pair's recent rally seems to have been a minor correction and look for the downtrend to resume. There is hidden bearish divergence with price making a lower high while the oscillator makes a higher high. This support trend continuation, which for this pair, is DOWN. … More…
This pair has rallied for a couple of weeks now from its low around 9950s. There is hidden bearish divergence on the weekly chart where price has made a lower high while the oscillator makes a higher high. I see the recent rally as a correction and now look for the downtrend to resume. … More…
