ChartingFx

ChartingFx Updated  Nov 15, 2017

USDJPY formed a daily pinbar on important resistance level. I just share my USDJPY trade. After first target (2.5R) reach I will put my SL at breakeven and will wait for final target (4.5R) Use proper money management.

ChartingFx Nov 15, 2017

EURAUD playing on upward channel. This is a pure example of support resistance in price action trading. Price in uptrend and break and retest the resistance zone before moving up. Price break 1.4450, 1.4800, 1.5220 resistance zone and retest them as a new support. Now the next resistance is 1.5610 and this is also the resistance of upper trendline. We can expect...

ChartingFx Nov 15, 2017

AUDCAD doing well today. Price test a major support zone and making a rejection. We can expect a bullish pinbar. Now what we have to do? Answer is nothing much. As a price action trader I will wait for todays close. If the body of candle is bullish then we can consider it as a valid bullish pinbar. We can enter in the trade. If not happen then we will skip this...

ChartingFx Nov 6, 2017

USDJPY print a pinbar on daily chart. This pinbar formed at important resistance 114.40 zone. I'm going short on this pinbar. My first target will be 111.70 zone and if price break this level then final target will be 109

ChartingFx Nov 6, 2017

AUDUSD still in uptrend. A deep correction occurring in this pair. I am waiting for price come in 0.7575 price. In this level price will get support of an upward channel. Nothing have to do much now. Just wait for price come 0.7575 area and check how price react at this level.

ChartingFx Nov 4, 2017

In NZDUSD daily chart forms a tiny pinbar. Trend is still down and we can see some more weakness on this pair. If anyone interested you can set your primary tp at 0.6820 and final tp is 0.6675 Happy Trading...!

ChartingFx Updated  Nov 1, 2017

DXY price breakout from inverse head and shoulders pattern. We can expect some correction with retest of broken neckline. I'm also attach H4 chart in the update section. You can trade major pair based on this setup.

ChartingFx Oct 31, 2017

XAUUSD formed a falling wedge pattern in H4 time frame. Recently price breakout the pattern and now price trying to retest. Wait for a bullish price action signal and go long. Happy Trading...!

ChartingFx Updated  Oct 31, 2017

I posted an idea of USDJPY few days ago. Today I discovered a rising wedge pattern in H4 time frame. Price breakout from the pattern and going to retest. If we can get any price action sell signal after retest we can go short with 109 target. Happy Trading...!

ChartingFx Oct 30, 2017

EURJPY developed double top pattern on daily chart. We didn't get new high so we can expect further weakness on this pair. The neckline of double top pattern is 131.70 Keep on mind that double top pattern become valid only after the neckline breakout. From the neckline price can go higher. So the safe entry is after neckline breakout.

ChartingFx Oct 25, 2017

GBPCAD creates inverse head and shoulders pattern on daily chart. Price break the neckline of the pattern by todays candle. Wait for daily close and retest the neckline. Target level is 1.7720 Happy Trading...!

ChartingFx Oct 25, 2017

USDJPY now at very important zone. The top of range resistance is 114.35 and I expect the price to break higher. But I'm waiting for price action direction to set up my trading plan for this pair. If we get bearish price action signal on 114.35 zone then we can expect the price in 108.30-109 zone again. Otherwise if the price break above then we can expect the...

ChartingFx Updated  Oct 23, 2017

GBPJPY possible long opportunity developed here. I see support at 147.80, and an engulfing candle developed which protrudes support. I'm long on this pair. My initial target is 152.70 and final target level is 162.3 Cheers...!

ChartingFx Oct 22, 2017

GBPUSD price now in uptrend on daily chart. Price makes higher high and higher low since last year. Few days ago price makes higher high and now trying to make lower high. We got the fridays candle which is bullish rejection bar. This rejection form in fibonacci 61.8% level. We can expect bullish movement from here. You can enter in the trade by following your...

ChartingFx Oct 17, 2017

EURUSD forms head and shoulders pattern on daily chart. This is an interesting pattern for traders to trade. But a problem is most of the traders trigger the trade before neckline break. This should be keep on mind that H&S pattern become valid after neckline break. If the neckline break we can go short and target 1.1250 Happy Trading...!

ChartingFx Oct 8, 2017

USDCHF forming a nice bearish pinbar on daily chart. This pinbar make a rejection from a long term trend line and horizontal level. Profit target level is 0.9440 Happy Trading...!

ChartingFx Oct 7, 2017

EURUSD now consolidate on a symmetrical triangle. For a short term, we can looking for price action confirmation on upper trend line of following triangle. We can target the price in lower trend line for TP. Cheers...!

ChartingFx Oct 6, 2017

AUDUSD broke key resistance zone in last July. Then the resistance turned into support. After 3 months later price now coming in the new zone. Price trying to retest 0.7750-0.7700 zone as a new support. I'm eagerly waiting for some price action signal on lower time frame as a entry confirmation. Cheers...!