SMCSweepFX

SMCSweepFX Updated 

This is the update of the situation we had on AUD/USD. The first three green rectangles indicate a short in the market approaching. There after the market confirmed the move to the downside with the break below structure. After we got the break lower, in this area I monitored the pair waiting for a three step confirmation before taking the short (which is part of...

SMCSweepFX Updated 

NZD/USD providing a great market pattern. At this stage I will be looking for a short down to 0.72330 area or even better the previous resistance which will now be turned support at around 0.72130 from a 4h timeframe. I will update as soon as the markets reach these areas for the move to the upside or if something should change. Remember to not just jump into the...

SMCSweepFX Updated 

NZD/JPY is currently approaching monthly structure and has just completed it's daily and monthly patterns. From here we can expect the market to react to this zone and give us an opportunity for the short to around 73.050 for the market to go and complete it's next move of the monthly timeframe. I will be monitoring this pattern from a 4h timeframe and will be...

SMCSweepFX Updated 

If NZD/USD will manage to break this daily structure, I will be monitoring this pair on a 4h timeframe to take a short on it at least to the next zone which is weekly support. If this pair will manage to break that support that will then be turned resistance, I will be holding the trade for the market to go and complete it's monthly pattern at around 0.70370.

SMCSweepFX Updated 

NZD/CHF is currently rejecting the previous high, but is still above the trendline support. If this pair will manage to break out of the trend we can expect it to create the move lower to around 0.63050 area of support. As soon as we get the break we will be monitoring this pair at 0.63650 area and wait for the market to satisfy all our rules before taking the...

SMCSweepFX Updated 

NZD/JPY is currently failing to create the higher high. If we should see this pair break and close below the current support, at that point we will be monitoring this pair to take a short for the market to go and test the weekly support at around 73.750 area.

SMCSweepFX Updated 

AUD/USD is currently very over extended on the weekly and monthly timeframes. We will be monitoring this pair from a 4h timeframe and only if the market will shift to a bearish market we will be taking the short on the pair. our targets will be at previous weekly structure around 0.76250 and if this area will break we will keep running the trade to around 0.75050...

SMCSweepFX Updated 

GBP/USD has just completed it's pattern from a monthly perspective. Currently also testing monthly resistance. From here we will be monitoring this market from a 4h perspective, waiting for the market to shift from a bullish market to a bearish market. If it provides us one of our valid entries we will be taking a short to around 1.33385 area of support. Do...

SMCSweepFX Updated 

Looking for a short term down move in AUD/USD . Will be monitoring for my 3 move pattern into 0.78445 area. When we get there I will be looking for a confirmation and take the short to the 0.78155 area. Do not take trades if you do not have a full rule based strategy. Always remember risk management.

SMCSweepFX Updated 

AUD/JPY has yet to complete it's pattern from a monthly timeframe. Currently the market is retesting weekly resistance. From this zone we will be monitoring the market from a 4h timeframe on it's move down waiting for the market to shift back to a bullish market. The key level / completion of the monthly pattern will be around the 82.000 area. Remember to make...

SMCSweepFX Updated 

If EUR/USD is to reject structure and start it's move to the down side. When the trendline gets broken, on the retest when environment shift back to bearish we can start looking for a sell to around 1.14950

SMCSweepFX Updated 

If AUD/CAD completes the retracement to around 0.94000 and changes environment to bearish we could see the next move down to around 0.91500

SMCSweepFX Updated 

At the moment NZD/USD is trapped inside consolidation. If we should see this pair break to the down side of the structure support, we could see a move down to the first monthly target around 0.62900.

SMCSweepFX Updated 

If AUD/USD is to break structure support to the down side. At the retest if environment will stay bearish we can expect the monthly targets around 0.66860 to be triggered.

SMCSweepFX Updated 

At the moment BTC/USD has not given much to work with in regards with giving proper entry reasons after creating structure. We could definitely expect BTC/USD to create a move to the downside to go and test and create support at around the 28000 zone. For now BTC/USD is in a very strong uptrend and to be looking for a short is very risky. I would rather wait for...

SMCSweepFX Updated 

USD/CAD has provided a nice setup with a impulse and correction on the weekly timeframe. It is still to complete the weekly pattern and create a lower low. At the moment we can see on the daily that it has started to reject the previous low creating a double bottom. We will be monitoring this pair on a 4h timeframe and wait for our entry. It's very risky to sell...

SMCSweepFX Updated 

GBP/NZD has created a nice head and shoulder pattern on the daily timeframe. to complete this pattern we will be looking for the entry on a 4h timeframe and taking a short with at least 1-3Risk to Reward. Take profit will be at 1.87520. Remember to not just jump into a trade. Use a strategy that has been proven to be profitable and ALWAYS use risk management.

SMCSweepFX Updated 

NZD/CAD has just completed one of our patterns that gave us a nice 1-3Risk to Reward. For us to capitalize on this pair again we will be monitoring it on a 4h perspective at around the 0.92090 area (also the area that is in confluence with the 0.382 of the Fib). If then all our rules are satisfied we will be taking a long on this pair with a very good risk to...