arcofx

arcofx

Price has been moving down in EURUSD for the past week(s). Now it's nearing a significant support level. Though, yesterday candle close shows a breakout from a ranging trend. A short trade on the correction phase may produce a good trade for the next week.

arcofx

Price is currently resting on prime support level. Might see a move up to the 88s taking note the compressed candles during the downtrend earlier this year.

arcofx

Price is currently resting on resistance line 78.000 which also happens to be a psych level . Now depending on future volatility; 1. Price goes up, tries to break descending trendline. If there is a significant price action signal on the breakout, longs may prolong until the 80.670s. 2. Resistance fail to feed the bulls, bears takeover, breakout to the...

arcofx Updated 

Price has been consolidating under the resistance line for 2 days now. Though, it hasn't really shown much price action. Might wait out til next month and see if anything comes out.

arcofx Updated 

First week of April! NZDCAD left last week with a bullish pinbar on a significant support line, signalling a bullish move up.

arcofx

Market's been making LHs and LLs for the past weeks and broken a support line. Now I'm looking to short when price makes the pullback to the resistance line.

arcofx

Yesterday's candle close within previous candle range. I'm biased in trading long. 1. Inside day candle. 2. Currently on a demand zone resting above weekly significant support line. 3. Price has been consolidating bearishly. 1:3 risk reward for this trade.