PrimoFx_Trader

PrimoFx_Trader

AUDCAD from last week made an impulse from 0.90600 to 0.92400 breaking key resistance level at 0.91200 looking at it from the daily timeframe. This week it made a correction to the 50% of the fib pulled on the impulse and its currently getting rejected. Further confirmation was made this morning when price broke above structure between 0.91800 and 0.92000 on the...

PrimoFx_Trader

CADCHF made a massive dovish move since last week from 0.73000 to 0.72000 breaking below key support level at 0.72500. Yesterday we saw a correction to the 50.0% of the fib pulled on the impulse also testing the broken level now turn resistance. In doing so formed a possible head and shoulders on the 4r timeframe. on the completion of the right shoulder we can...

PrimoFx_Trader

Starting from the daily timeframe we saw an impulse starting from 14700.00 to 13700.00 last week to this week braking below support key level at 13900.00. Yesterday we saw a correction to the 38.2% of the fib pulled on the impulse . Today price broke below 4hr structure as we can see from the chart. If price could pull back to test the structure we can look foe...

PrimoFx_Trader

From the daily TF price made a bearish impulse to the key level at 14000.0 giving as a good correction to the 61.8 % of the fib pulled on the impulse. From the 4hrs TF we can see a double top which sponsored a bearish impulse breaking structure at 14300.0. On the restest of the structure we can look for an entry on the smaller TF with our TP at 13800.0.

PrimoFx_Trader

Lat week we saw an impulse on gold from around 1820.00 to 1880.00 and upon meeting key psychological level at 1880.00 got a correction to the 50% of the fib pulled on the impulse on the daily timeframe. Yesterday we saw the bulls coming in with good momentum breaking 1870.00 4hr structure which was supported by a double bottom and from that we can expect a minor...

PrimoFx_Trader

FROM a technical perspective AUDCAD made an impulse starting from 0.90400 to 0.91600 from the D1 TF. upon pulling the fib on the impulse we can clearly see a nice rejection from the 61.8% ( golden ratio) during the correction and from the rejection came a great momentum by the bulls looking at the last two days daily candles. Yesterday we saw a breakout above 4hr...

PrimoFx_Trader

Starting from the daily timeframe we can see a great impulse from 41000.00 to 45750.00 and basically after an impulse there should be a correction at least to the 38.2% of the fib. pulling the fib on the daily impulse we can there was a deeper correction all the to the 78.6% o the fib which meant there was a high probability of a bearish move nevertheless from...

PrimoFx_Trader

we can see price got rejected at 124.00 psychological level forming an inverse head and shoulders, the right shoulder being rejected by the 50.0 % of the fib. from this point we can scale down to the smaller time frames to look for an entry with a good RR.

PrimoFx_Trader

Starting from the daily timeframe AUDNZD made an impulse to the upside last week and before the correction created a double top which signals a good selling opportunity yet price failed to go past the support at 1.07000 which is also in confluence with 61.8% (golden ratio of the fib). Yesterday's daily candle was able to close above the neckline of the double top ...

PrimoFx_Trader

Looking at CADCHF from the daily timeframe we can see support at 0.72000and 0.72360 which has been tested once after price broke it from a resistance perspective and upon the second retest last week which we clearly saw rejection by the bulls ,we could expect a retest of the structure at 0.72893. further confirmation is shown when price broke resistance above...

PrimoFx_Trader

NZDUSD has been dovish since may last year and we can still see it in a downtrend due to the strength of the DOLLAR. From the recent COT report we can see a very weak NZD and a strong USD. Looking at the pair from a technical perspective we can see massive impulse to the downside from the daily timeframe and a weak correction which tested the 5.0 of the FIBS...

PrimoFx_Trader

Looking at GBPAUD from the Daily timeframe it can be seen to be on a bullish run since last year. This week it got to key resistance level 1.91000 and price was seen taking some rejection from the bears making more sense for a pull back to the Golden ratio of the fibs taken on the daily timeframe. In doing so formed a possible inverse head and shoulders on the...

PrimoFx_Trader

US100 got rejected by bulls last week at a support key level last week and in doing so made a huge move upward breaking some resistance levels. we know after an impulse there should be a minor correction before price continues it new trend. looking at the 4HRs timeframe we can see a head and shoulders supporting our minor correction. stop loss can be above the...

PrimoFx_Trader

Looking at GBPAUD from the Daily timeframe it can be seen to be on a bullish run since last year. This week it got to key resistance level 1.91000 and price was seen taking some rejection from the bears making more sense for a pull back to the Golden ratio of the fibs taken on the daily timeframe. In doing so formed a possible inverse head and shoulders on the...

PrimoFx_Trader

FOR the past three weeks USDJPY was in a correction phase when it got rejected by 115.500 key resistance level. last week we saw a great bullish move looking at it from the weekly timeframe, price getting rejected by the golden ratio 61.8 of the fibs. Continuation of trend can be fully confirmed after price broke through daily structure at 114.640 and 115.190....

PrimoFx_Trader Updated 

USDJPY is currently testing key resistance level providing a possible short term reversal before continuing the bullish trend.

PrimoFx_Trader

EURCHF after getting rejected by the key support level at 1.03800 and showing great momentum to the bulls is now seen showing better momentum to the bears by forming head and shoulders on the daily timeframe and a potential head and shoulders on the 4HR timeframe. looking at today's candle we can see bears really in the market and a close 1.03900 will be a great...