SmartTradingFX

SmartTradingFX

Analysis on chart! Pulled this pair apart using top down analysis starting from the Daily! Price pushing up into resistance where we have three drives completion, alot of fib confluence with 4 fib extensions all lining up and the RSI pressing overbought conditions! Its an attractive opportunity as we may be able to have a nice tight stop with three portential...

SmartTradingFX

Analysis on chart! I've had to use the 4H TF to get everything in but would look to trade this on the 1H TF PERSONALLY! Price broke below closed below the previous lows strongly and has now retraced back into previous structure where we have harmonic leg completion, 1.414 fib extension, 1.414 fib inversion and a 0.618 fib retracement! The previous 4H candle has...

SmartTradingFX Updated 

Analysis on chart! Potential long opportunity with low risk high reward! I've highlighted three potential targets! This area has held previously and seems to be strong structure support along with dynamic support! We have harmonic leg completion and fib confluence in this area along with a potential double bottom with bullish divergence on the RSI! Like, share...

SmartTradingFX

Analysis on chart! I'm short before i am long this pair! Looking for a break below close below of the minor support and i would look to sell on the retest... I believe there is room to the down side and would target the higher time frame dynamic support, where we have an ABCD pattern completion as well as 1.618 fib extension for now! Please like, share and...

SmartTradingFX Updated 

Analysis on chart! I've highlighted the next place i would look long on this pair! Its a few pips away at the minute but using basic structure analysis this seems to be the high probability zone! Previous resistance may now turn support along with dynamic support in this zone! We also have a 0.382 Fib Retracement with ratio confluence in a 1.414 Fib Extension and...

SmartTradingFX

Analysis on chart! Nice basic setup! In the direction of price! Like, share and comment away! SMART TRADING

SmartTradingFX

Analysis on chart! Price has broke above previous resistance and now retraced back into this zone where we have a 0.5 Fib Retracement, 1.272 Fib Extension and 1.618 Fib Inversion! Previous lows may allow for a low risk high reward trade with two potential targets! I am now waiting to see how price reacts on the hourly TF to see if i can enter Long on this...

SmartTradingFX

Analysis on chart! I recently shorted this pair taking out +54 pips (chart attached) and was looking for another opportunity once price come back up to retest the same zone i entered... Price then broke above closed above so my mindset has changed on this pair and i'm now looking for an opportunity to go long! Previous resistance may now turn support where we...

SmartTradingFX

Analysis on chart! Price looks like come market open it could be heading towards a previous zone where we had some selling pressure! This could potentially form a double top where harmonic legs are also completing, along with some confluence in a 0.382 Fibonacci Retracement, 1.272 and 1.618 Extensions and a 1.618 Inversion! If this were to be the case and...

SmartTradingFX

Bit of a different post but wanted to look back at this trade after having two losses previously! It shows i was disciplined in following my plan and continuing to do what i know works for me! Price was approaching minor structure resistance but what i liked about this potential setup was the fact i could have a tight stop loss, this is always the first aspect...

SmartTradingFX

Analysis on chart! Price coming down to retest structure support where we have had strong moves away from here previously! In this zone we have 2 x 1.272 Fibonacci Extensions, 1.272 Fibonacci Inversion, 2 x Harmonic Legs and pressing Oversold Conditions on the RSI! Two potential very appealing Risk Reward profiles could be on offer if price were to get to this...

SmartTradingFX

Analysis on chart! First and foremost I always like to ask myself where could price be heading, and then how could it potentially get there? Previous support was broken and then turned resistance only for a short period before price got back above this level (1.5470) and now looks to be heading back down to test it... We have Fibonacci Confluence in 0.382 and...

SmartTradingFX

Analysis on chart! Previous dynamic support was broken and now we are testing structure support! Price at the time of writing this is coming down to retest this zone where we have 2x 1.272 Fib Extensions, 1.414 Fib Inversion, Potential Double Bottom and Divergence on the RSI! If we are to reach this zone I am waiting patiently for an entry signal on this pair as...

SmartTradingFX

Analysis on chart! I don't normally post Daily charts but thought I would this time around as its clearer to see what my thoughts on this pair are... I wanted to break the pair down and predict where I think the pair is heading! We had a false breakout to the upside which I've highlighted on the chart! We had a break above close above which could signal bulls...

SmartTradingFX

Analysis on chart! After crazy moves on numerous pairs my portfolio wasn't offering much and rightly so when the markets are this volatile! This is the only pair that may offer a potential position for me at the moment so thought i would share it! Previous support has been broken and we are now pushing back into this area... Will it now turn resistance? We...

SmartTradingFX

Analysis on chart! Price broke above closed above previous resistance which may now turn support! We have a 0.5 Fib Retracement, 1.414 and 1.618 Fib Extensions, Harmonic Legs and an ABCD Pattern Completion! We are also pressing Oversold Conditions on the RSI on multiple time frames! This has the potential to be a Low Risk High Reward trade with two great...

SmartTradingFX

Analysis on chart! Price back into that solid structure zone for the eighth time forming a Double Top, Harmonic Legs (1H), 1.272 Fib Extension, 1.414 Fib Inversion, 1.618 Fib Extension! Two potential good targets offering a great Risk Reward! Likes, Comments and or Constructive Feedback is welcome as always your support means alot! SMART TRADING

SmartTradingFX

Levels on chart! Bit of a different post to the usual! Reason being that as a trader you have to have the correct mentality towards it! The market can play games and most can give up, chase trades, double position size because they've taken a loss, trade pairs they haven't before, move stops away from entry leaving them open to huge risk, the list goes on! My...