OGFXTRADER

OGFXTRADER

Pound under clear sellers pressure, currently under a healthy correction to further keeps it downtrend momentum. Pullback heading towards a big area in confluences, we can meet the 200MA Fib level and previous support area. The order: Type: sell-limit S/L: 155 pips - R:R | 1:2 - T/P: aiming at the key support level

OGFXTRADER

Price action trading with a consolidation pattern, price compression with strong rejection from the support level. MACD showing diminished bearish momentum, expecting the breakout from the descending trendline to capture a forthcoming uptrend with a long setup The order: Type: buy-stop. S/L: 78 pips - R:R | 1:2 T/P: target next resistance level

OGFXTRADER

From a higher time frame, the pair remains under bullish appearance as strong trendline support has been met recently, last week this long entry caught me already reaching my S/L level. Price is currently struggling with the descendent trendline, showing some exhaustion from bulls, now if the price gain enough force to break the trend line, a long entry could be...

OGFXTRADER

EURGBP has met a strong resistance level from the W1 domain, trading with a channel formation, and later forming a sequence of HL struggling with the descending trendline, price is expected to test back that level for a downtrend continuation. A short entry from the retest of the trendline could be placed. The order: Type: sell-limit S/L: 22 pips - R:R | 1:2...

OGFXTRADER

Price action has been in consolidation, recently testing the upper resistance, expecting a retest of the support in confluence with the ascending trendline. As the retest level is a secure zone, a long entry can be setup. The order: Type: buy-limit S/L: 355 pips - R:R | 1:5 - T/P: aiming at the key resistance level

OGFXTRADER

Ripple has been forming an interesting pattern that is spotted in the realm of W1. Trading within an uprising channel is about to test the support level for a coming uptrend that would hopefully bring the XRP to a scale never seen before. Breaking the 3$ handle last seen in January 2018, to a staggering 90$ or more, patience is key to catching this formation....

OGFXTRADER

Price action is currently under bearish forces, heading towards the rising trendline for a retest and bounce to upper levels. We could appreciate a compelling bullish momentum in most cryptos as they already test their support levels. Then is Litecoin can manage the breakout of the resistance level from the rising triangle formation, this could bring the price to...

OGFXTRADER

So far, Ethereum is one of the leading cryptos that its price action is trading above the 50 EMA and 200MA, fro a definition of an uptrend bias from the book. However, price is under some seller pressure where the correction can take the price to test back the 50EMA in confluence with the support level as a secure zone for demand where bulls are lining up, and...

OGFXTRADER

Oil initially dropped on Monday on worries of a second wave of coronavirus but rebounded after the Federal Reserve promised to buy corporate bonds. With oil prices moving into a more stable trading range between $35 and $40, the market remains supported just by technical. Yesterday, the Philly Fed Manufacturing Index climbed to a high of 27.5, against all the...

OGFXTRADER

Price action in a bullish bias from a general outlook, expecting the retest from the support trendline or breakout from the resistance level of 0.655 handle to capture the uptrend continuation with a long entry. The order: Type: buy-limit S/L: 62 pips - R:R | 1:2.5 - T/P: aiming at the key support line by the blue dotted line

OGFXTRADER

The dollar index has shown a steady recovery from its lower recorded on the 10th, helping to connect the trendline from the W1 realm. As currently showing some exhaustion from D1 with a kind of Doji candle. A price correction to the confluence level where the previous resistance level meets with the trendline can be considered as a good spot for a long entry....

OGFXTRADER

Sellers pressure over the pound is taking the pair to trade below rising trendline from D1. Price in consolidation trying to cut out the support zone for a downtrend breakout. A close look in case the breakout of the current level would allow a short entry on the price retest of the area. With Great Britain showing some harmful data and this evening, the Retail...

OGFXTRADER

With the price in consolidation within an ascending channel, wherefrom a W1 outlook price has just found rejection from the resistance trendline, under a bearish bias, allows for the following setups: Position 1: Price continues to form the channel reaching the resistance level with a buy-limit order S/L: 145 pips - R:R | 1:3 T/P: aiming towards the demand...

OGFXTRADER

From a general outlook, price action has been forming higher lows at D1, a clear trend line. With the price just retesting a critical zone, the continuation of the trend is expected. At H1, in correction, hoping the price can reach the level of confluence to get back to the downtrend impulse. The order: Type: sell-limit S/L: 46 pips - R:R | 1:2.7 T/P: aiming...

OGFXTRADER

Since last Monday, recording a new low at 8,914$, BTC has been trading below the 200MA, the daily average has been pressuring the price forming higher-low. From a bigger time frame at D1, the price is also under the influence of the same MA where price has shown insufficient force to break the dynamic resistance. If price can break with a bullish momentum, it...

OGFXTRADER

After the rejection from the key level forming a tweezer top, the bearish bias in the price action could be forecasted. Expecting the bearishness in the price action to continue and trigger the short order, following close due to the next support zone blue-dotted line, as the price can find some rejection at the level The order: Type: buy-limit S/L: 25 pips -...

OGFXTRADER

Price action fund rejection from the strong level drawn from W1 timeframe, being able to manage a breakout from the trend line, and retest of the level changed the reading of the previous post from a short-entry to a renewed long position. The pair bullishness is supported not only by the price structure but the MACD and smooth sloping up from the 200MA The...

OGFXTRADER

The price structure is in a clear bearish bias, trading below the resistance trendline, shorting the pair by a sell-stop entry for the following setup The order: Type: sell-stop S/L: 24 pips - R:R | 1:2 T/P: aiming towards the next support level.