chiefcapitalfx

chiefcapitalfx

From what I see on the 4 hour chart, I can tell you that this is in fact a long term trade for the fact that it was on an uptrend before October 11th 2016 (first green arrow) and it has still continued to push up. Furthermore I jotted down a little support line which was retested twice and XABCD + Triangle pattern confirms this uptrend. Look out for this during...

chiefcapitalfx

I see a potential downtrend using the XABCD pattern.....there's a pattern going as well for instance, it's touched resistance 3 times and touched support 2 times.. Also looks like a bearish flag formation has occurred as well so you should hopefully see market break through the 1.68610 support line.

chiefcapitalfx

Possibly pattern has been confirmed....it could lead to a bullish movement. Just wait for the market to retest the support trendline ( bold black ) and go long on this momentous occasion. Price looks like it'll move upwards to the 93.28 area as this is the area with the most tested resistance and most sideways movement.

chiefcapitalfx

USD/CAD has broken through support and has been rested three times, I've used the 4h timeframe to check the prediction and also used the 2hr/2hr timeframe to enter my trade. I have used a XACBD pattern which shows a bearish cypher pattern. A new triple top has emerged which would indicate that the market will fall heavily. Hope this is beneficial and everyone...

chiefcapitalfx

There's a slight sideways momentum but it looks like it will hit the resistance and most likely break resistance line ( black ) Or it could test the red resistance line and go short then break black resistance line?

chiefcapitalfx

Potential XABCD pattern has been confirmed....price has broken out of trendline and should finalise the D pattern.

chiefcapitalfx

Possible downtrend using the XABCD cypher pattern and I've also used a trendline which shows a downtrend in movement? Don't really know how to use cypher patterns so guys only give constructive criticism. Could possibly retest the trendline and go short. Take care guys and trade safely.

chiefcapitalfx

I've thoroughly described the process of my analysis with callout texts to give the traders a visual idea on when price moves up and down. Looking to see price go long between the 9000 - 9300 area.

chiefcapitalfx

Market is showing sideways momentum Either looking to go long if it breaks Resistance or go short if it retests resistance.

chiefcapitalfx

I've listed these areas (red) which managed to keep testing the resistance line twice and has worked because price has immediately feel short and dropped quite a bit after each retest. There is a lot of support as well which rallied the price up but I am confident that it will rally back down. Looking to short this Sunday evening GMT. Thank you guys and keep...

chiefcapitalfx

Good morning ladies and gentlemen and whoever doesn't fit into two genders anymore. Currently USD/CZK is showing potential downtrend. I've identified this by checking the W and D chart. W chart shows a sideways momentum whereas the D chart shows a distinctive downtrend. I have also seen a double top form which could be beneficial for the analysis. If price...

chiefcapitalfx

As you can see in the trade, I've placed the trendline showing the current momentum which is a downtrend but however, it turns into sideways momentum. Two double bottoms appear as well some strong upward move. Hoping to take profit around the 1.75 area and stop loss is placed at 1.58338. Just a noobie btw so I don't want no shtick from this but do however...