TheFxAce

TheFxAce

As we surpass the 1.64 mark, I am preparing to establish a long-term short position. We have now entered a significant monthly supply/sell zone, with the price appearing to be attracted to the 1.65 level. This level also coincides with a robust monthly resistance area deeply situated within this monthly zone. There is a high likelihood that we are currently in a...

TheFxAce

Quick update on Yesterday's idea as expected we got the push up and then the 12hour signal on the TRFX indicator. We have entered the position first target will be the green boxed area on the chart then a long-term hold towards 133

TheFxAce

Huge potential for this trade to move down with well over 1,000 pips on the table for the long term swing. On the Monthly charts we are at a long term SUPPLY/SELL zone and the weekly charts is showing us that this area is getting respected with the sideways distribution period that has been in play most of this year indicating buyers are getting exhausted and...

TheFxAce

Update on the SELL position from last week we have been dropping nicely everyday since the entry at 1.49. On Friday we got a nice drop down to the first easy target at 1.4650 which was the previous swing high in current weekly up leg So we have closed 50% of the position and moved the stop loss to 1.48

TheFxAce

Quick update on this idea posted a couple of days ago as expected we got the move up to create the new high into the Weekly SELL/DEMAND inside the Monthly area above 1.48 and into the 1.49. As wrote in the last post that I would be looking for a 12hour or Daily signal on my TRFX king to enter the market which has just given the signal so in we go :) I will...

TheFxAce

This pair has just popped a new HIGH on the Monthly charts and took out a previous MONTHLY SUPPLY SELL zone and looks like it has it's sights set on the 1.50 price level which sits nicely inside a MONTHLY SUPPLY/SELL zone which starts around 1.48 which is marked in red on the chart. Inside the Monthly level sits a nice WEEKLY SUPPLY/SELL also which is around the...

TheFxAce

After reaching the 1.25 target from my previous analysis posts price has reacted well and the next likely path is down towards the 1.15 area and below. At this level we have a nice newly created weekly DEMAND/BUY zone which sits on top of a huge monthly zone also sitting bang in the middle of this weekly zone is the 2020 low at 1.14. I will be looking for long...

TheFxAce

Quick update on the progression of this idea from last week as expected early last week we got the sell off at the strong WEEKLY resistance area with price currently trekking towards the breakout area at 0.925 which is also a weekly DEMAND/BUY area. The current sell position is up around 100 pips I have closed 50% of the position and moved stop loss to 0.938 will...

TheFxAce

We have 2 ideas in one post here both a BUY and short term SELL postion after weeks of being in the accumulation stage (green box)we finally got the break out higher this week with the biggest move happening yesterday after the PCE US data. What normally happens after an accumulation breakout is you will get a pull back towards a newly formed DEMAND/BUY zone or...

TheFxAce

Ok quick update on the idea posted last week as expected we got the move up to the 134 area and my TRFX indicator has just give a SELL signal giving us the green light to enter this position. Stop loss is well above 136 the target as explained is the 125 area as the position moves in our favor we will be taking part profits and using a trailing stop. This...

TheFxAce

I've had to look at the 2 week chart for a clearer picture of the directional move for this pair as you can see on the chart there is a nice UNTESTED SUPPLY/SELL zone that starts at 134 which is also a resistance area. What I would expect to see next on this pair is for price to pop up towards the 134 zone and then SELL off so I will be looking for sell signals...

TheFxAce

The news events this week finally give catalyst to hit the 1.10 mark as explained in my preious post this would likely be the area where buyers turned to sellers this exactly what occured. We got the pop up above 1.10 into the Weekly SUPPLY/SELL zone and then a SELL signale on the TRFX indicator to allow us to get into the trade the position is already up over...

TheFxAce

Quick update on this position from last week price is moving nicely towards the first easy target 0.69 previous high in current upleg. I will monitor closely as do expect some buyers to come in at this level Hence I have closed 50% of position and moved stop loss to entry price.

TheFxAce

So as per my last post (read related post) you will see this pair has went exactly as expected the market was clearly targeting the resistance located around the 0.71 area also the top of a Monthly SUPPLY/SELL zone. We have evidence that price was slowing inside this area by the way it was slowing grinding up and moving in a sideways distribution fashion on the...

TheFxAce

We are deep inside a Monthly SUPPLY/SELL zone with a strong resistance located @ 0.71 thus now is a good time to start to look for a sell signal for a move down to test the newly formed WEEKLY DEMAND/BUY zone starting at the 0.66 area. What I expect to occur over the next period is maybe a spike up to test the 0.71 the market may spike above it as could be an...

TheFxAce

As per my previous post I explained to you that we would likely see a move above 1.09 area where we had a newly formed Weekly SUPPLY/SELL zone from the current move down. This area has got respected and as per my previous post I would take a position if my TRFX indicator give a higher time frame signal we got that on the 8hr chart around 1.092 and the position is...

TheFxAce

We are marching towards the 1.10 WEEKLY SUPPLY/SELL zone after breaking through 1.08 post CPI yesterday price has also created a new high in the current leg also creating a newly formed DEMAND/BUY zone around 1.06. Because we are also taking out previous swing highs off the last downtrend and creating new DEMAND/BUY zones on the way up it looks like we are now...

TheFxAce

Nearly time to SELL this pair it has passed my 1.08 target from my previous BUY trade hitting the target now I will look to SELL as we approach 1.09 and above. You can see on the Weekly charts there is a nice SUPPY/SELL zone located here also at a nice resisatnce area before so this will be a really good level for shorting the market on the correct signal. I...