FoxTrading-Official

FoxTrading-Official

ETHUSD gave a bearish signal by breaking its DLY KS. Yet the asset is still Neutral in the Kumo. Breaking the 3900-3850 price range will be a serious signal for the continuation of the downtrend the next strop support level being at around @ 3280 materialized by the WLY KS. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging...

FoxTrading-Official Updated 

This is a followup of previous analysis, you will find the link below in the related ideas. So after the massive selloff from last week-end, the BTCUSD seems to be on a recovery path, at least on the short term. Looking at the DLY chart, we see how strong the WLY KS level was and the price closed above it for 3 consecutive days. Today, the price is trying to...

FoxTrading-Official Updated 

On the DLY TF, after reaching the target of the WLY KS, the price met the double resistance of the KS and the SSB. On breaking that level, the next target/resistance would be the TL. But mind the Lagging Span, it has to cross 4 levels of resistance, the KS, the SSA, the WLY KS, the SSB...not going to be easy... Glossary : WLY = Weekly DLY = Daily TS =...

FoxTrading-Official Updated 

Perfect downtrend on the AUDUSD well supported by the Ichimoku lines and with the break of the previous low. I've market two potential TP levels, one for the short term traders, one for the longer term traders at the next major Ichimoku level, the MLY KS. Of course, the latter will need to be confirmed yet with the price action in the following days. TODAY =...

FoxTrading-Official Updated 

Won't go up, won't go down... The price is still very much supported by the TS but there is no buying power steam neither. The price is in the DLY Cloud = neutral. The Lagging has leeway to go up or down to the next level of SR. For, I'll wait either a break of the Kumo + DLY KS to the upside, or a break of the Kumo to the downside to be interested in that pair...

FoxTrading-Official Updated 

Mind the Lagging Span who still needs to cross the Trendline in order to validate the uptrend momentum. Next TP levels are easy to identify and are marked on the chart. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo =...

FoxTrading-Official Updated 

EURUSD is still very much neutral as the price is still stuck between its two DLY TS. NFP today so mind the USD. The news should give us the new direction. I have marked some possible TP levels both bearish and bullish. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/ INV =...

FoxTrading-Official Updated 

On the DLY chart, the break of the trendline is confirmed and the LS is now above the price => long bias. Confirmation on the break of the the TS (entry level). On the H4 timeframe, mind the Lagging Span who is still undecided on what to do with the trendline... Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou...

FoxTrading-Official

For educational purposes. Once again, we can see how precise ICHI is... the price stopped exactly at the DLY KS in extension (blue dotted line). #onlywithichimoku !

FoxTrading-Official

The price crossed the Kumo on the DLY TF and the lagging span validated by breaking both the Cloud and the trendline. The price almost reached the first TP. Pullback to the TL by the lagging span is possible. OPEC today so high volatility is to be expected.

FoxTrading-Official Updated 

Trend reversal as the price are now below the DLY Cloud. The price also broke the lower trend line of the Andrew Fork. The price is now testing the Kumo breakout = Neutral. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF =...

FoxTrading-Official Updated 

The price reached the WLY TS, which is also represented by a double daily KS support. Breaking this level will open the potential next TP to the WLY KS. Watch the Lagging Span as it still needs to cross the TS to validate. Lots of FOMC talks (blah-blah) later today and tomorrow is NFP day, so watch out.

FoxTrading-Official Updated 

BTCUSD, dead in the water. Stuck between its TS and KS. I see two scenarios : 1) The price break the DLY KS which would be a signal that the uptrend is resuming 2) We break the Cloud below, meaning the correction is not over and the target zone highlighted in my previous BTC analysis is still valid. On the H4 chart the price is stuck between the Cloud and its...

FoxTrading-Official

Pretty much the same configuration as with my analysis on the EURAUD. The price was rejected 3 times by the WLY KS and only a break of the Cloud + LS crossing it would confirm a reverse of the trend on that TF. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss /...

FoxTrading-Official

The WLY KS rejected the price 3 times over... The LS also bounced from the same WLY KS. Again, only with ICH you get that PRECISE! Crossing over the Cloud could give a bullish signal, but mind the LS that would need to crossover as well and mind the WLY SSB that I marked with the black dotted line on this TF. Glossary : WLY = Weekly DLY = Daily TS = Tenkan...

FoxTrading-Official Updated 

USDJPY is on the support level of the DLY KS in extension (blue dotted line). Breaking that level will give us a potential first TP level @ 112.137. The next level of support is the DLY SSB. Again, breaking that level (+confirmation) might drive the price further down. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging...

FoxTrading-Official Updated 

On the DLY chart, the price may retrace back to its KS. On this H4 chart, the price stopped exactly at the H4 KS level above the H4 Cloud (only with ICHI you can have that level of precision). The price tested the Kumo break and seems to be willing to go further. The LS is still in the Cloud so we are still in retracement strategy rather than a change of trend...

FoxTrading-Official

The price crossed the Cloud Twist once again and the LS is currently validating. We will have to wait for the DLY candle to close to confirm that. If confirmation happens, I have market some potential TP levels, the WLY SSB and the WLY SSB + MLY KS (strong level). Glossary : WKY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span TL = Trend...