CyberFxTrader

CyberFxTrader

A support level has been created by forming a change of character with a break of structure. Today price has respected support, and within the symmetrical triangle at the bottom, price made a mini structure, that's now indicating a buildup to bounce up from. A double bottom at support level makes it more likely to break above this triangle pattern.

CyberFxTrader

At 17th of January, price attempted to continue in a downtrend, but it quickly reversed with a ripping force, completely evaporating the attemptation summit. Price then created a pullback after change of character, and respected the broken high as such. So right now, the market is starting to push price higher, and I think it attracts toward the broken structure...

CyberFxTrader Updated 

There's a lot of confluences to eye out on here on US30, it is simply printing signs all over. It is currently strong power candles going up and making a change of character. Over the last 24 hours, the candles have been forming a bullish flag pattern smoothly within bearish and bullish order blocks. Now it is up for this cyberspace to work its magic, hopefully...

CyberFxTrader

Strong support and resistance zones marked, trends are clear, volatility is seen. Down at support zone is also a trend line marked from the past with multiple reactions, now it acts as support combined with horizontal support. Price had much volatility down to support zone, and then price quickly slowed down and now signifying a reversal.

CyberFxTrader

USDCAD got the buy bias. Been checking it for trend indicators, all indicating for buys. As noticeable, it's been slowing down, creating what looks like mostly consolidation. But in the midst of it all, there is most importantly other patterns like an ascending channel and a symmetrical triangle. After combining these ideas, my best guess is to buy. Buy limit is...

CyberFxTrader

Here's a so-called rising wedge pattern. It may look a bit tricky because it broke above at first, but in my opinion it was just a false breakout. Afterwards, price made a breakout below the wedge, then after, it broke completely below to the horizontal side. Now, to confirm that this wasn't another false breakout, we'd just have to wait for a pullback with a...

CyberFxTrader

Looking at USDSEK, it's showing room for bullish momentum. After lining up, I noticed that a couple of triple reaction points showcases that there are confirmations of bullish alignment into the open season. Keep it up and good luck.

CyberFxTrader

I've drawn some lines here. Every line is lined up in a way I think looks right. I think the goal is to line up points where price has shown to make big reactions from. So below on this chart, there are more lines that act as support. In my knowledge this means it might be more likely to go up to where empty space lays so that more orders will be active where it's...

CyberFxTrader

Trading is all about repeated patterns, and the most unlikely pattern are the one that goes against the trend. Either way it might just be a 50% chance of being right, but then once you're right, the chances of your trade to make a big move is even higher. Now the repeated pattern on this chart is determined by volume, it is recently showing repeated movements up...

CyberFxTrader

If you look closely you can see that there's a lot of patterns. Triple top turning to support after breakout, then it gets respected once, and now it's back in level again. Now if you look even closer you may see that the market structure turned from a rising wedge to a falling wedge leading into the major level I was referring to. Now after taking these things...

CyberFxTrader

It looks like a great potential for buying here. It just made a really good pullback to 50% of recent push up. Trend lines are drawn from at least two major ending points which has a higher chance of being valid in the near future. Even if it isn't able to have as strong of a reaction as drawn with an arrow, there still is a good chance of it pushing up at least a...

CyberFxTrader

Jpy is strong. It has been recently and now there's a good sign to sell because after a fakeout move, that usually indicates that the market has done its duty in capturing the majority of orders and stoplosses, then it's ready to go against what was previously thought to be the case.

CyberFxTrader

This right here is a lovely looking trend. It clearly shows that it attempted to reverse upwards, but then it failed. So the most reasonable thing now is to react with the recent reaction which was a failed attempt to move up. Now I marked up a trend line which I believe is strong enough for price to move back to, then I hope the analysis is good enough, and that...

CyberFxTrader

In my opinion USDJPY may be the best pair to trade for the rest of this year. I was looking at the performance of every major trading pairs from last year, and USDJPY is indeed the pair out of all to have the clearest trend consistency. I've seen how it's been acting all crazy and risky with all the big spikes lately, but that's just the side effects of being the...

CyberFxTrader

Looks like nice structure is forming here on the French cash index, it's a strong support zone shown to be valid because of two strong reactions last week.

CyberFxTrader

I haven't posted a lot, but I just felt like posting this move, because it's such a big potential here. It is pretty clearly a remarkably and strong resistance zone which has been shown to have big reactions to, within these 3 and a half years. It is finally trying to break above, it seems. So my guess here is that it'll go at least 4500 pips above since it seems...

CyberFxTrader

Forex and trading in general is all about recurrent movements. Here's an example: two of the pullbacks looks similar to each other, the main difference is just the time it used to develop. Price already has broken above pullback, so the chance is higher for it to move up to the same height as last. See if it makes a for example a flag pattern as drawn, then maybe...

CyberFxTrader

EURJPY is showing strength up. Pattern to comfirm is ascending channel. I drew two lines within to show how pullback is pulling.