Hi Traders, The question of the day is it too late to get in? My answer is maybe. Personally, I got in at 0.7793. Given that DXY was so weak and it was not my usual A grade setup I exited for a small profit. Looking back at it now I should have hold the position longer. But hindsight is 2020! On the bright side, I do spot an opportunity to re-enter for the...
Hi Traders, This pair was consolidating before making a strong impulse on Friday. We can anticipate that price will continue upwards at least to the 0.5 fib level of the daily impulse which aligns best with structure. Another confluence for the move is an anticipated weakness in JPY after the news about import and export to be released in the next 1.5hours. As...
Hi Traders, Wait for close above 4HR resistance and go long to complete the inverted head and shoulders pattern. Can forex be that simple? Share your thoughts. Remember to do your own trade analysis and use proper risk management.
Hi Traders, Potential move to the upside. Waiting for price to pullback slightly after strong impulse on Friday. Followed by a close above the 4HR resistance, then another slight pullback for an entry. Expecting price to test the neckline of the M formation. Please perform your own trade analysis and use proper risk management. Like and comment!
Hi Traders, It is possible for price to complete the M formation. Please perform your own trade analysis and practice proper risk management. Feel free to like this idea and share your thoughts.
Hi Traders, This is an update from the idea I posted yesterday. Price did close below the support level; however, I saw a strong bullish candle on the 15min timeframe that indicated that price may still reject that level which it did.
Hi Traders, It is possible for price to complete the M formation which aligns with 0.50 fib level of the daily fib level. Please perform your own trade analysis and practice proper risk management. Feel free to like this idea and share your thoughts.
Hi Traders, Price bounced of the 0.328 fib level of the daily impulse. Due to the momentum of this move, it is possible that price may be continuing the upward trend to test the top of the impulse again or even make a move to the 0.27 fib level. Additional confluence is the long wick on the last 4HR candle. There is a high probability that the next candles will...
Hi Traders, CADCHF seems to be forming an inverted head and shoulder pattern on the 4HR timeframe. It looks so beautiful and clean! Maybe too good to be true? As we know anything can happen so our duty is just to trade what we see. On this chart we are present with this pattern to look for long opportunities to complete the right shoulder. As always perform...
Hi Trader, Price has reached daily resistance. If there is rejection at this level and break of 4HR structure, we can anticipate that price will start downward movement to complete the W formation on the daily. Please perform your own trade analysis and practice proper risk management. Please feel free to like this idea and leave a comment.
Hi Traders, AUDJPY can be ranging, so it is possible to look for sell opportunities at the daily resistance after some rejection and target daily support. Please perform your own trade analysis and practice proper risk management. And feel free to like this idea and leave a comment.
Hi traders, After price retraced to the daily support on 2nd April, we anticipated that price would reject that level and form a higher high on the daily. However, price struggled to do so. Now, today's daily candle will close below that support level and there is is potential for more downward movement. This is a lower probability set up as there is no clear...
Hi Traders, If price closes below daily and 4HR support, we can anticipate price to complete the W formation on the daily. Please perform your own trade analysis and practice proper risk management. And please feel free to like this idea and leave a comment.
Hi Trader, Price has reached daily resistance. If there is rejection at this level and break of 4HR structure, we can anticipate that price will start downward movement to complete the W formation on the daily. Please perform your own trade analysis and practice proper risk management. Please feel free to like this idea and leave a comment.
Today, high impact news will be released for USD during the New York session. The estimated values for these news suggest bullish movement. Price action indicates that price can test the 92.00 level, which acted as a strong level of support and resistance in the past. However, it is possible for price to test the 91.4 level before making the move to the upside....
Hi Traders, This is an update from the trade I took on AUDUSD. I exited this trade as break even after seeing strong bullish movement at the beginning of London session. After reflection, I realized that this trade was taken mostly because of the fear of missing out. Although, the move to the downside was possible, it was not an A grade setup with multiple...
Hi Traders, From the beginning of the week, I had a sell bias on AUDUSD. However, I did acknowledge that price was bounding off of strong support at 0.7600. USD news on Tuesday help AUDUSD skyrocket from that level. Now, I am anticipating some correction with the possibility to test trade daily support. Please perform your own trade analysis and practice...
Hi Traders, The short opportunity on CHFJPY has been long anticipated. For the week I entered three times. On the first two trades, I moved my stop loss to breakeven at the earliest opportunity in order to preserve my capital since price was bouncing off the 4HR trendline. On the third time, I waited for price to break below the 4HR support. Please perform...