FXEntries

FXEntries

Monitoring this pair all week to see if we could get a spike to the upside to try and test this obviously downtrend we are currently in. The latest news that came out for the US gave us this spike with a perfect touch of the 61.8% fibonacci retracement level and a close below the trendline. This looks to be a perfect short entry. I would wait for a 4HR close but I...

FXEntries

I have been documenting this pair quite a lot recently because of the heavy downside movement which has created multiple entries for this pair. After a clear breakout of a counter trendline earlier today we can see we are in a consolidation period but the market is presenting its hand to us. Analyising the price action we can see that everytime buyers came back...

FXEntries

After doing some techincal analysis on this pair and monitoring the movement. Last week we broke a key area of monthly support now resistance (0.70500). The buyer tried to retest this area with a huge engulfing candle but couldnt get enought momentum as price has moved downwards ever since and also tapped the 78.6% retracement. We can see a clear counter trendline...

FXEntries

After keeping an eye on this pair since the bearish movement I posted last week I want to keep an eye on how price was going to react to this very dynamic area of monthly support/resistance (124.000) and as we can see from this analysis we broke through with a very bearish engulfing candle, consolidated on this key area as the market could not decide what will...

FXEntries

I have been doing some analysis on the GBP/USD pair which we can see since last week we have seen a clear reversal of the market to the upside which is presenting some nice fibonnaci retracement entries. I have drawn in a counter trendline which has been created from the retracement of the latest bullish pullup. I do believe there is still room for this pair to go...

FXEntries

Doing some analysis of the EUR/USD pair and we can see that weare making a retracement to the upside from some heavy downside movement over the past week or two. I do believe that we have some more room to move to the downside after the rejection last week of the 61.8% Fib level. I would not feel comfortable taking this entry until the counter trendline is clearly...

FXEntries

I have just been doing some analysis of the EUR/JPY pair and we can see a clear Fib Retracement Level at the 50% area (125.081) and also a double top formation of this level is respected. I have drawn in a counter trend line in which price has been respecting. No entry until there is a clear break of the counter trend line. Price may yet go up to the 61.8% fib...

FXEntries

After looking at the AUD/USD pair I could see that we have just come from a big bearish move and started to see price pull back up to this very significant monthly area of support turned resistance creating an A B C formation on the Fib Tool. As we can see both counter trend line and trend line are being respected price made a lower low and a lower high which...

FXEntries Updated 

I have been doing some analysis on the GBP/USD Pair ever since the USD Strength over the past week or so. We can see this should continue with a clear head and shoulders formation on the 1HR timeframe as price is getting sqeezed. There is alot of confluences with this trade. We can see the short term trendline being respected. A beautiful 38.2% Fib Touch which was...

FXEntries

I spotted this formation yesterday as price heavily spiked to the upside to test a 3 touch bearish continuation pattern to the downside. Unfortunately I entered to early but this was because I was emotionally trading and not waiting for the perfect tweezer top reversal pattern before price proceeded to go to the downside. Lesson has been learnt always be patient...

FXEntries

After doing some analysis of EUR/JPY we can see a clear double bottom reversal which was confirmed by the break out of the short term trendline and a breakout of the consolidation period. We can see a pullback I will be entering long if there is a clear rejection of the shortterm trendline break. Be careful also as the dominate trend is a bearish market.

FXEntries

I have been doing some technical analysis on NZD/JPY pair and as you can see a clear rising wedge formation is occuring. The blue lines are weekly trend and resistance areas. The Red line is the Daily Trend line and the entry would be taken on the 4hr. Wait for key price action we need to see a clear break of the trend line with an engulfing bearish candle so be...

FXEntries

I have been doing some technical analysis of the NZD/USD Pair and I could clearly see this Ascending Triangle formation occuring. The yellow resistance line is a dynamic monthly area & the blue trend line is a weekly area. I will be keeping a close eye on this pair in the coming week to see if these areas carry on being respected as price gets squeezed.

FXEntries

I have been monitoring this pair for a couple of days and we can see a clear Falling Wedge formation on the daily which is a bullish reversal pattern. We will be waiting for a clear breakout of this pattern with an engulfing candle. I will keep a key eye on this and share the breakout with everyone if price action goes towards this bias.

FXEntries

We can see from the yellow lines that I have drawn this is a dynamic support and resistance range the USD/JPY has been in for a long time. I noticed strong bearish momentum followed by a long swing indicating bearish bias is no longer in control meaning a possible reversal long as momentum could potentially change. I plotted a trend line which seems to be...

FXEntries

After doing some techincaL analysis I spotted a potential Decending Triangle formation which is bullish presense on the daily which was confirmed by the break of the trend line followed by an engulfing candle. Entry Position would be at the close of the Engulfing candle targetting the area of dynamic support at at around 1.147.