IceTrading

IceTrading

EURUSD Has established a very powerful resistance level around the 1.15 price point. A well placed pitchfork depicts EURUSD's steadily ascending price range for the last 6 Months. A break in this price range would serve as a signal to sell, as it hints that EURUSD is not ready to begin a long term rally and may fall to parity. Conversely, a clean break above close...

IceTrading

This trade technically constitutes as calling a bottom (which I don't particularly like to do), although I have a few good reasons why I'll be taking this long trade. First and foremost, Copper is currently tuning away from the bottom of it's long term curved downtrend channel. Secondly, last week's candle was a fairly large hammer. Thirdly, Squeeze momentum is as...

IceTrading

Would this ever be a Home Run of a trade if it played out! This Technical Analysis is based on a high quality symmetrical Triangle Pattern formation. This will be a trend continuation trade based on the ascending nature of the triangle, making it a safer trade than a trend reversal. Targets are stated in-chart. Stops would be placed approximately below the 1.115...

IceTrading

Basic Technical Analysis done here to establish a very nice Long setup. Stops below 1.121 and targets at previous resistance levels. Please leave your thoughts, comments and a like if this was helpful! Happy Trading!

IceTrading

In economics, a Bull trap is an inaccurate signal that shows a decreasing trend in a stock or index has reversed and is now heading upwards, when in fact, the security will continue to decline. Due to numerous trend resistances and horizontal resistances I am convinced that EURUSD is currently putting in a bull trap. Don't get caught in the herd! There is much...

IceTrading

My intentions when creating this chart where to enlighten other traders on the importance of long term technical analysis and the importance of using past market movements to assist in predicting future motions. Think of the market like the universe. It is tremendously easier to predict the motion of a large mass such as a planet's, than it is to predict the...

IceTrading

My last Idea's trendline was broken. No big deal because proper stops were in place. Never forget stops. Its better to loose 50 pips than 100 or more! A penny saved is a penny earned. So as the title of this chart says long traders might want to consider closing any long trades. We are entering a very volatile area. Three trend lines all converge at once at a mere...

IceTrading

As of 5:30 pm EST Crude (CL1!) has fallen 4.64% and has broken its last most recent major support level. Due to this breach, it is most likely that negative crude price action will continue. Based on the inverse correlation between Crude and the US Dollar, Crude’s impending continued fall will be good news for the US Dollar. Us Dollar rally will result in the...

IceTrading

**************** Full Report Below Please Read****************** Over the last 30 years Crude oil consumption has steadily increased worldwide. Each of the last 30 years has seen an average increase in consumption of 1.57%. Firstly it must be made clear that no matter the current state of oil supply, it is a finite resource. There is certainty that in the future,...

IceTrading

AUDUSD is currently approaching it's 14 year uptrend line. An ideal entry would take place in late 2015 to early 2016, with a final target above it's past highest high 1.105. Many traders do not understand the power of basic technical analysis on higher time frames. It is my hope to help traders understand the importance of long term TA and having a high risk...

IceTrading

Due to Numerous factors stated in-chart, a continuation of EURNZD's Concave downtrend is likely to continue. Feel free to leave your thoughts and comments, it is always appreciated. If you found this chart interesting or helpful in any way, it only takes one click to make someone's day! Happy Trading!

IceTrading

I apologize for the disorganized appearance of this chart. The Red lines indicate times when the price reacted to the Fib Speed Resistance Arc. This blue line Represents a mirrored version of price action from mid 2004 to mid 2010. Due to its reactions to the fib levels in the recent past and the 10 year resistance level it is likely that GBPCAD does not have the...

IceTrading

Here we can see a successful rebound off of the ~0.73000 price level and a clear violation of the 3-month Downtrend structure on a daily chart. These clues leave us with a good probability that CADCHF could potentially take on a new Uptrend. Feel free to leave your thoughts and comments. Happy Trading!

IceTrading

Successful traders consider all possible scenarios. Such price action is not out of the realm of possibility. Most Retail Traders are set on the demise of the euro and that is the exact reason it may not happen. Feel free to comment your thoughts, Happy Trading!

IceTrading

Perfect setup for a short. Stops above the previous swing high. Upper Trend-line of the Descending Triangle Pattern has held on both the chart and MACD. This offers us a low risk opportunity to jump into a short position on the euro. Happy Trading!

IceTrading

Since April, EURUSD has been following itself nicely in a symmetrical pattern prior to April. Interesting. Who's to say it won't continue on its course? Certainly food for thought. A double bottom, trend resistance and long term support are the reasons I will be going long for the coming week. Leave your comments. Good luck, and Happy Trading!

IceTrading

Long term trend resistance and Fib Resistance channel lead me to believe that CP Rail is about to take a dive. A healthy retracement is required for long term growth to continue. Comment your thoughts! Happy trading

IceTrading

RSI Overbought Stalling at heavy resistance Fibonacci Resistance Happy Trading