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Arfxc

Short On USD/CAD SELL SELL SELL !!!Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace Over ? -We have put in two dojis in on the 4 hour time frame -We have also come to our trend line that is acting as Res and also showing signs of bullish weakness So if we put all those together on the 4 Hour time frame we are extremely bearish If we look at the daily -We are also making new lows and currently in a new forming down trend The trend is your friend -The biggest confluence for me is we have broken the previous higher low on the daily when the uptrend was in affect we have come lower then the previous higher low Which also signifies a change of trend and direction -So after all the bullishness over the past couple years isit over ? well for now we are in full affect to make a new lower low in this current trend which is at 1.3500 Heads up Remember guys this pair is heavily influenced by Oil so it is a more risky pair to trade but in terms of technicals it is a great setup :) Also my entry is very aggressive id recommend waiting for a strong bearish candle on the 4 Hour time frame to confirm more confluence and be a strong selling setup as it confirms our momentum which is bearish So id Recommend waiting but if your a risk taker like me join me lol ;) Only 65 pips Risk well worth the risk with a great Risk Reward of 1:6 :) Trade safe My entry 1.38897
Short
by ARFXC
38
Long On AUD/USD BUY BUY BUY !!! (Risky) Reasons for -Firstly on the 4 Hour time frame we are up trending -There is a major trend line above us so therefore i believe that is prices next level before any bearish movement -We are making higher swings after coming down to our Trendline below price which is acting as support -We have clearly seen a reaction from this trend line acting as support as you can see we have bounced of with a very Bullish candle ! -We also trading above major key level of 0.7000 so best thing to do on the 4 hour is to buy Anyways like i said this trade is more risky simply because on the daily and higher time frames we are in a strong downtrend. Until we break the trend line to the upside then i will look for long term buying setups But i would be very careful of this setup guys as the best thing to do would be to sell but i will be looking to sell in the near future Also its a small stop loss of 30 pips which is extremely low risk :) My entry 0.70555 Trade safe guys good luck RISKY TRADE SETUP !
Long
by ARFXC
32
Long on EUR/USD BUY BUY BUY !!!Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We have also priced in Higher HIghs -Although waiting for a break of the triangle formation would be the best thing to do i am more then willing to take a risk and only give away 50 pips if its Stop loss and if it hits Takeprofit then we will make a nice gain of 140 pips Key risk management and risk reward is KEY :) Remember History repeats itself My ENTRY 1.08434 GoodLuck everyone ! Happy trading :)
Long
by ARFXC
30
Short On EUR/AUD SELL SELL SELL !!! Reasons For -Firstly after bouncing of 1.6000(Our key level) we have been very bearish as you can see -Also we have been putting in Lower Lows and Lower Highs -We have also cleared our key level at 1.55000 and have been putting in bearish movement -Now we are trading below 1.5500 the only smart thing to do is to sell as we can clearly see strength to the downside -The previous 4 Hour candle was a bearish hammer with a nice long wick showing us more sellers then Buyers -This candle which is just closing now is a big bearish candle which gives us more confidence that we are favouring the downside -On the four hour we are clearly downtrending so we will do the smart thing and go with the trend ... The Trend is your Friend ;) -We are also formed a head and shoulders and now we have broken the neck line this just adds to our confluences :) -We also have lots of long wicks to the upside which is a nice to help with which way price wants to go and whos in control Bears or Bulls and in this case the Bears are in control (Sellers) This pair on the 4 hour time frame is very bearish in my opinion On the daily Timeframe -We have a clear down trend forming Of our key level 1.6000 -the previous day candle stick was a nice big bearish candle -Todays candle is froming a nice long wicked bearish hammer :) And we can see clear waves being implemented -And the weekly we have had 3 non stop weeks of bearishness -Also on the weekly we have nice long wicks to the upside which is a nice little confluence :) All these factors put my bias at bearish My entry is 1.53056 GoodLuck to all trading this pair with me :) P.S I MAY CLOSE EARLY BEFORE THE NEWS AT 3;30 AM GMT !
Short
by ARFXC
25
Long on EUR/JPY BUY BUY BUY Reasons For -We formed a triangle formation having multipale bounces on either side -We broke to the upside -We have got our retest which is key in my strategy and has put in bullish movement -Price has put in bullish hammer and then followed by two strong bullish candle clearly showing momentum to the upside Daily -We can see 3 bullish candles we are in the direction of the momentum which is key -Todays candle is looking like it will form a bullish hammer (Sign of bullishness) -Lots of long wicks too the downside which signifies more buying pressure Weekly -Price 2 weeks ago put in a doji -Last week price put in a bullish engulfing -On weekly timeframes when a engulfing happens it is a strong confluence -All these signs identify for me a strong buy setup :) My entry 128.465
Long
by ARFXC
6
Short on Aud/Nzd SELL SELL SELL !!!Reaons for -Firstly we are forming a triangle -We have just bounced of the trend line with a bearish engulfing -Also a bearish hammer has been put in place -We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again Price action leaves clue in structure :) If we go to the daily Timeframe we can see -Lots of long wicks to the upside suggesting more selling pressure -Price bouncing of trend line acting as Res This setup aint the best simply because we prefer setups that include breaks of trendlines or triangle formations etc but it will do as theres not alot going on in the market and lots of news about altho its a good setup just not as many confluences we would like our entry 1.07731 Happy trading :)
Short
by ARFXC
1
Long on EUR/GBP BUY BUY BUY !!!Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last week Friday - Today we are forming a bullish hammer of the Daily candle - We are riding the trend which is bullish - Remember the trend is you're friend weekly - We have had 8 bullish weeks in a row the momentum is to the upside which is clear to see - on the weekly we cleared major level off 0.75000
Long
by ARFXC
Short on US30 SELL SELL SELL !!!I personally have been short on this pair since December :) Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so There are many reasons for this setup Fundamentals and technicals FUNDAMENTALS - jubilee year ? - shemitah Year ? - every 8 years a financial crisis - FED raising rates to signify economy in a recession - The possibility of QE4 ? - A possible world disaster ? i can keep going on in regards to such things but ill keep it short TECHNICALS - Price has hit a all time high and after the US30 booming for around 8 Years isit time for a change ? - Price found strong KEY LEVEL (RES) at 18000 - Price is now down trending - Price has put in lower high and lower lows - Price has broken many key Trendlines - Also price is on the verge of breaking a key level (SUP) at 16000 - If price breaks that key level we will possibly see a huge drop to the downside I can go on abit more too but i am sure you all get the idea i am portraying i do believe and confident of the drop too 8000/7000 :) so here we come 8000 POINTS PROFIT ;)
FX:US30Short
by ARFXC
12