IgniteFX

IgniteFX Updated  Mar 19, 2020

This bearish Cypher pattern has just completed on the 1HR.

IgniteFX Updated  Mar 19, 2020

EURJPY Gartley pattern forming on the 1HR chart. Coincides with a strong support zone and if price continues this way, RSI and MACD could go into oversold and turn over nicely. TP1 and TP2 are set as fibo targets of the last swing low. SL move to BE when TP1 is hit. R:R is good.

IgniteFX Updated  Mar 19, 2020

Price bounced perfectly at the fib cluster i linked in this post - We have a couple scenarios here. There is a bearish pennant forming, but also a bullish Gartley pattern. I like that buy zone around $6500 and my plan is to scale in at that price, if price action confirms the entry . If the pennant breaks to the downside hard, then I'll wait for next...

IgniteFX Updated  Mar 18, 2020

A nice 1:2 risk reward on this CADCHF play inside the range. Indicators pointing up, strong support. Stops at 50 pips, TP at 100 pips.

IgniteFX Updated  Mar 16, 2020

Zoom out on the daily chart and see how often this level has been tested and held. R:R is good. As far as I can see, there is no entry yet. There might have been a bullish cypher pattern there, but the extension upward did not meet criteria. I'd like to see some price action over the next few hours before making a decision and perhaps see some indicators turn...

IgniteFX Mar 13, 2020

Price is currently at 1.618 and 0.86 fib cluster, RSI and stochs are showing well oversold, price also close to last major support at $3200 or so. If your risk appetite is on, I reckon $3200 is a good buy and a possible scale in now. Stops would need a little room. See how this plays out. But remember, we're looking for a reversal signal, bullish candle pattern...

IgniteFX Mar 10, 2020

Similar to my GBPUSD short from yesterday. This is a very shallow bat pattern. RSI is very over bought and on a daily TF typically pulls back from here. Aggressive traders can enter anywhere at the top here with a very good R:R, otherwise, conservatives can wait for some price rejection and confirming candle price action for entry.

IgniteFX Updated  Mar 10, 2020

Cypher pattern completion. Stochs, RSI and overall trend pointing down. Immediate targets at the 38.2 and 61.8% fib extensions. Stops above recent swing high. Watch your spreads during this time and manage your risk, markets are wild at the moment. If in doubt, sit on your hands and do nothing.

IgniteFX Updated  Jan 16, 2018

This pair is gathering up inside this triangle just above the 0.618 fib retracement of the major move. Two way to trade this. Aggressive traders could buy at 5150 area with a tight stop below the wicks of the previous rejection candles. Cover stops to confirm breakout of the triangle to the upside. With a confirmed retest of the previous resistance, you can add...

IgniteFX Jan 10, 2018

Saw a popup alert for Nexium from hacked and thought id try my own TA. Here's how it looks on the daily. Plenty of upside with price currently testing previous support and resistance. Price is testing those highs again for the 3rd time in an ascending triangle, signalling a good chance of a breakout. How to trade it if it does break out: Aggressive buyers...

IgniteFX Updated  Jan 10, 2018

After the rubbish reddit news of Sun selling all his tron, there was this - www.reddit.com So the pullback starts to take shape around 61.8% fib retracement of the biggest move, last candle was a pin bar. There's an obvious support zone. It's a fraction pre-mature, but if you have the risk appetite, I'd buy em here. :popcorn:

IgniteFX Updated  Jan 6, 2018

First time posting here at Trading View and long time since I've done any TA. Just starting to look at Crypto after a few years in the Forex game. Nothing too deep or special here on this chart; I like simple concepts of Support and Resistance zones, trend lines, and above all else, PRICE ACTION. Have seen some similar ideas for Litecoin here, but this is my...

IgniteFX Updated  Jan 5, 2018

Here's how I'll buy my first ETH parcel. Some nice fibo confluence at the 0.618 retracement at 840's. TP1 will be at $1000 and TP2 higher.