ErikTheMarketMaker

ErikTheMarketMaker Updated 

Waiting for a trendline break.

ErikTheMarketMaker Updated 

M.A crossover has occurred on the H4 time frame which is a warning for a momentum change. 1.635 is a decent target.

ErikTheMarketMaker

Euro is still gaining strength. We could see a move all the way up to the 1.56000 area if we se a clear break and close above the 1.50000 area.

ErikTheMarketMaker

4 hr MA crossing. Broke C.T.L. Huge engulfing candle of support. Entry around the psyhological number 1.28500. Target weekly/monthly level at 1.30000.

ErikTheMarketMaker

eurjpy

ErikTheMarketMaker

Target is the weekly support at the 78.00 level

ErikTheMarketMaker Updated 

Falling wedge formation, currently at the 61.8% fib level. Expecting a higher high. However waiting for a break above the 1.26000 resistance level. Target around the 1.272 fib level.

ErikTheMarketMaker Updated 

Confluences. Expecting a FIB pattern. Target 1.272 fib. Around 230 pips.

ErikTheMarketMaker Updated 

The price is currently sitting on the 61.8 fib level which could lead into a higher high to the 1.272 fib level. The main longterm target is 1.345, and the short term target is around 100 pips from the current area. The gbp/usd is still in a strong bullish trend.

ErikTheMarketMaker

Forgot to post this one, currently short eur/jpy from around the 129.000 area. Expecting a lower low. This pair has also made a wedge formation.

ErikTheMarketMaker

Cad/jpy currently forming a trend change formation. It recently made a higher high and is now making a pullback. I am then going to look for a long position

ErikTheMarketMaker

Looking for dollar to push higher.

ErikTheMarketMaker Updated 

Waiting for a break below the pink support level.

ErikTheMarketMaker

Just made a new entry, the same target as before. Target: 1295 Dollar is bearish=gold is bullish.

ErikTheMarketMaker Updated 

Looks like a decent short setup. Waiting for a trendline break before shorting this pair.

ErikTheMarketMaker Updated 

Waiting for a trendline break before going long, expecting price to push up. Much better entry now than before. Targets the same as before.

ErikTheMarketMaker Updated 

Possible long, but I wont take this trade. Since that the dollar seems to gain some strength which will make gold fall lower if that is the case.

ErikTheMarketMaker

Broke and retested the daily trendline + a supply/demand zone. Nice rejection, watching the price action at the current minor support zone.