mbfxtrading

mbfxtrading Updated 

Looking at the 4 hour chart here there are several things I have charted that make my decision for looking for short entries more favorable for myself. Personally, I use my own scripts and scalp intraday sessions and zones, but this analysis allows me to ignore the bullish side of things until otherwise seeing a reason to reverse my bias. Several news factors...

mbfxtrading

Looking for a bullish week on dollar before the red folder news that hits Wednesday. Who knows what will happen even with predictions, lots of variables that can play into that decision and I plan on closing trades before midnight Wednesday. The Bishop RSI v2 that you see on this chart is not a standard RSI tool, I have made this one around intraday sessions...

mbfxtrading

This trade is based off two key factors I trade off of, the main one being the fact that the RSI v2 is running in the OB position and is headed in the downside. This usually is the start of the new trend on the daily which is where I am taking this trade from. The RSI v2 takes an average of 5 time securitys and averages it and provides it as one plot, giving a...

mbfxtrading

This chart shows the 1hr analysis I have landed at. Last weeks analysis played out rather accurate and ended at the final spot I predicted as we ended bullish for the Euro. I see the geopolitical news being a factor that the dollar is getting beat up the way it is, as well as Gold on its move last week, there wasn't much give for the Dollar. I have several...

mbfxtrading Updated 

First and foremost, the formation of a bottom, commonly referred to as a "double bottom" in technical analysis, has emerged as a strong foundation for the bullish sentiment surrounding EUR/USD. This pattern indicates a potential trend reversal, and traders are closely monitoring this formation as a sign of the end of the recent downtrend. However, it's worth...

mbfxtrading

Looking at the Dollar vs. Yen on the higher timeframe going into this week looks like it could be in a perfect spot to catch some volume and ride a trend. When looking at multiple variables of the pair you can see reasons why I believe this may be time for the Dollar to fan its wings a little bit. Healthy trend is obvious to myself and my trading style, and to...

mbfxtrading Updated 

Not a lot to say about this - obviously nothing is the key to any trend, but weekend scalping on the 15 minute chart with this, whilst I'm my cozy bed. I had to share with the fellow scalpers over the weekend on the crypto markets. 😎 The indicator is Bishop MARSI Rainbow and it is a great tool for your price action. Always look for multiple entry reasons of...