oghenechovweojoh

oghenechovweojoh

From the H4 charts, we can see the formation of a double top chart pattern which is an indication of a possible reversal. Additional confirmation can be seen from the rejection of from fib levels creating a Bearish pin bar candle stick pattern. Risk = 0.5%

oghenechovweojoh

NZDUSD has been in a downtrend for quite some time, price then failed to create a lower low which is an indication of possible change in trend. Currently price as broken passed a resistance level with multiple touches thereby creating an higher high. On the look out for pull back into fib levels and bullish reversal candle stick pattern for entry. Risk is 0.5% of...

oghenechovweojoh

Price has been consolidating for some weeks... From the H4 time frame there's a break to the downside which may be an indication of a new downtrend. Fibonacci levels are in place, if price gets to the 50 and 61.8 levels I'll be waiting for bearish reversal candle stick pattern as my signal to sell.

oghenechovweojoh

From the H4 chart we can see price isn't going upwards but downwards. Now there's a new low created and the hall Mark of a downtrend is the ability of the market to create lower lows and lower highs. Fibonacci levels are in place, if price gets to the 50 and 61.8 levels I'll be waiting on a Bearish reversal candle stick pattern as my signal to sell. Risk will be...

oghenechovweojoh

Usdchf on the H4 time frame is currently in an uptrend, creating higher highs and higher lows. Price created an higher high then pulled back into fib levels and we can see an H4 bullish engulfing candle which is an indication for trend continuation.

oghenechovweojoh

Gbpusd short projection with the following confluences Trend: Price currently making lower lows and lower highs (downtrend) Level: break of support level now acting as resistance Fib levels: rejection of price from 50% and 61.8% fib levels Signal: daily bearish engulfing candle on fib levels This is more of a swing position. #lessismore

oghenechovweojoh

Selling Gbpcad with the following confluences 1. Trend: Downtrend ( price making lower lows and lower highs 2. The Level: Break of minor support which is acting as resistance 3. Fib retracement levels: Price got rejected @ 50 and 61.8% levels 4. The signal: Bearish Engulfing candle @ resistance. Which basically means buyers are overwhelmed by sells in the...

oghenechovweojoh

Possible shorts on Eurusd with the following reasons 1. The trend: Downtrend: Price making lower highs and lower lows 2. Level: Break of minor support which would most likely act as resistance 3. Fib levels are in place, waiting for that nice pull back and a bearish reversal candle stick to confirm my sell entries

oghenechovweojoh

TREND: Price currently making lower highs and lower lows (downtrend) LEVEL: We have a break of support which is now acting as resistance FIB LEVELS: Market rejection from 50% fib level SIGNAL: Bearish engulfing candle at resistance and fib levels RISK: 0.5% of my capital

oghenechovweojoh

We have a break of structure (resistance) to the upside and a pull back to fib levels with the formation of a bullish pinbar indicating the presence of buyers pushing the market upward. Risk for this @ 0.5% of my capital. #AUDNZD

oghenechovweojoh

Price is seen rallying to the upside. Long opportunities with the following confluences: 1. The trend: which is bullish, price making higher highs and higher lows 2. Break of previous resistance, which would most likely act as support 3. FIB levels in place 4. The Signal: Long entries on Bullish reversal candle stick on my fib levels #profitableweekahead

oghenechovweojoh

AUDNZD can be seen trending upwards. patiently waiting for price to break above recent resistance level creating an higher high and a pull back to fib levels and bullish continuation candles to go long.... Second case scenario: price breaks below minor support creating a Lower low which indicates the end of the uptrend. Entries on retest with fib levels and...