icyferno

icyferno

Similar to AUDUSD, this pair has seen a formation of a head and shoulders pattern which has broken downwards strongly. Price is now attempting to make a retracement upwards before the downtrend continuation. Late to long, early to short scenario. Wait for a retracement upwards before taking a short position NZDUSD Short Entry is valid as long as price is below...

icyferno

Completion of a head and shoulders formation with a breakout on the larger time frame. Currently price action is bullish and moving up towards the neckline for a retest. I expect a rejection to show up soon, and we can possibly see this pair fall all the way to the 0.7370 levels. Uptrend (blue) has also been broken decisively which indicates a confirmation of a...

icyferno

Formation of a possible inverse head and shoulders under the trend support line. We are seeing a bullish setup forming soon. Price can possibly range around this level before the break upwards towards 1.7670 GBPCAD Long Entry is valid as long as price is above 1.7240 SL: 1.7180 TP: 1.7670

icyferno Updated 

We are seeing a failed attempt at a bullish breakout over the past two weeks. Price has broken a consolidation support zone of 1721. We can likely see 1700/1680 next.

icyferno

This pair has surged upwards today due to a weak NZD. Price is hitting the top of the channel. I expect some bearish price action to follow, and we could see a fall to the bottom of the uptrend channel AUDNZD Short Entry is valid as long as price is below 1.0960 SL: 1.1050 TP: 1.0690

icyferno Updated 

Price did a rejection at the long term trendline at the start of this week, which is a sign of retail shorting the market. I expect the price to go up higher using 1.5380 as the support level. We should see a bullish breakout sometime within the next few weeks. EURAUD Long Entry is valid as long as price is above 1.5380 SL: 1.5220 TP: 1.5900

icyferno Updated 

Too late to chase a short position, price has retraced back towards the demand zone at 1.6570/1.6450. I expect the price to push higher within the next few weeks. EURNZD Long Entry is valid as long as price is above 1.6450 SL: 1.6320 TP: 1.7060

icyferno

We are seeing a breakout of a five month downtrend on the H4 chart. I expect price to push upwards to the next liquidity zone at 1.5700 EURAUD Long Entry is valid as long as price is above 1.5445 SL: 1.5380 TP: 1.5700

icyferno

This pair has hit an institutional supply zone after a extended bullish run which took out many retail short positions. Right now, we are seeing some form of rejection candle show up. I expect price to retrace towards the 147 level first before any further bullish attempt. GBPJPY Short: Entry is valid as long as price is below 152.35 SL:153.00 TP: 147.10

icyferno

Price has been slowly accumulating over the past few weeks. Price surged downwards during BOC last week, taking out many long positions. Price has hit the monthly demand zone, and we can possibly see a pullback towards 1.2700 first. Ultimately, I expect price to swing upwards with strong volume towards 1.3015. USDCAD Long Entry is valid as long as price is...

icyferno

Higher low spotted at 1.5035. We will likely see a push higher to 1.5220 which is a 23.6% retracement level. EURCAD Long Entry is valid as long as price is above 1.5035 SL: 1.4985 TP: 1.5220

icyferno Updated 

We had a strong sell down on Gold the past few days, breaking the 1758 support region which caused many retail traders to chase the short positions. We are fast approaching a demand zone (1685/1722), I expect some sideways movement here before the price pushes higher. Ultimately, the trend is still bullish and price should revisit the 1870/1900 region again...

icyferno

Price has not touched the bottom of the trendline yet. We can expect further downside as long as the red downtrend line holds. AUDNZD Short Entry is valid as long as price is below 1.0750 SL: 1.0810 TP: 1.0570

icyferno Updated 

Price action still bullish. Trend is intact. Wait for a stop hunt below the trendline if you want the best possible setup. GBPJPY Long Entry is valid as long as price is above 143.35 SL: 142.80 TP: 147.80

icyferno

We had a break of the uptrend yesterday and the sell down accelerated this morning. Price is doing a retest of the demand turned supply zone. Retail long positions are growing. Expect further downside. EURAUD Short Entry is valid as long as price is below 1.5796 SL: 1.5806 TP: 1.5685

icyferno Updated 

The price has hit a supply zone and we are seeing signs of bearish rejection. As long as price remains below 1.7980, we can likely see it fall to the uptrend line below. GBPAUD Short Entry is valid as long as price is below 1.7980 SL: 1.8050 TP: 1.7870

icyferno

We had an increase to 86% in retail sentiment on long positions for Gold. Their stop losses were hunted this morning with the break below 1827. Things can get pretty messy for Gold. As long as price does not close above 1827 today, we can likely see a fall further to the recent low of 1776. For now, wait at the sidelines to see how NFP plays out this week.

icyferno

This pair had a huge swing up thanks to WSB. Keep in mind that the trend is still up but it may swing back down to 26.00 first. As long as 26.00 is not broken, we can likely revisit 29.00 again. XAGUSD Long Entry is valid as long as price is above 26.00 SL: 25.00 TP: 29.00