Art-of-FX

Art-of-FX

I posted a simple EG chart the other day calling short but I didnt really have much time to explain it. However today settled down a little bit so I thought I would come back and explain more of what I was seeing. Here are my factors. -Price came right off the .764 of the last major decline. -Printed bearish monthly candle -Next candle printed also bearish...

Art-of-FX Updated 

The GU bounced off the 61.8 of the recent decline. I dont have any decisions made yet but I will watch to see if we break this current high or not. This would be a short term trade if it came to fruition. That being said I think the Pound gets much stronger in the long and very long term.

Art-of-FX Updated 

Ive posted lots of simple charts today, no reason to clutter your trades with complications all the time. Sometimes will find more complicated set ups, but when you see these simple patterns there is no reason not to play with it. Aiming for 100 pips.

Art-of-FX

Ive been stacking up the shorts on the NZDUSD a lot lately. The last couple of months have given us endless NU opportunity. I love this formation and will add shorts targeting .68 area ish.

Art-of-FX

I see the Euro getting much weaker against the pound since this last monthly candle print. Already fallen around 100 pips since the print. I will add another short here to try to make 2 nice winning shorts over the next little bit of time. The chart is simple and easy to see whats going on. Sometimes the best trades are easily spotted. R&R is easily defined. Good luck.

Art-of-FX

I am bias long the EA here via indicator. Will start with small position, will add until i hit my target of 1.43 or beyond. Dont have time for tons of details but this is my current trade

Art-of-FX Updated 

The EJ is due for a move to 120.90 area soon. It may break up or overthrow the bottom line but ill be betting long to 120.90 at some point

Art-of-FX

The euraud should be watched right now , I think we have a possibility of finding an inverse. Obviously this hasn't formed yet and we wont know until it does. However better to start watching now so we have time to prepare a strategy. My indicator is telling me upside, however I am unsure if it will mean an inverse or not. Will stay updated.

Art-of-FX Updated 

I already have a bullish bias on the USDNOK, just been waiting for a chance to pull the trigger. This candle on the daily is a proper bull candle. Watch for the close and long accordingly.

Art-of-FX

I like what I am seeing on the USDCAD at the moment. While I am bias to the short side long term I wont be thinking too much about it until this large channel and broken and retested, only at that time would I put anymore shorts on the board. However we could see another leg up the channel. Basically the set up would be focused on price action moving us below the...

Art-of-FX

Watch very closely the 4 hour candle going on right now on NZDUSD. If it closes below the TL and break the other it would be worth a short with a stop above the high. Great R&R. If closes above do not take this trade!

Art-of-FX Updated 

USDNOK has taken itself down into the buy zone and the candle it recently printed was very very nice for the long bias. I dont normally pay attention to divergence but it is always nice to use the rsi for extra confirmation on your trade after all is said and done. Stop would be below the last candle and will aim for 100 to start and go from there.

Art-of-FX

This Audusd looks ready for some downside. Easy stop above current high target around 7500. I like this trade because if it blows up its very few pips loss. R&R is always important.

Art-of-FX

This is a really great time to long the EURNOK. Based upon R&R alone we have a chance in this support zone to play the overthrow on the bottom TL, or play the range back up from support. Either way the risk is very small here so well worth the risk. Stop below the support zone to play it safe. The target on this will only be my first target i think if the top TL...

Art-of-FX

Sorry I have been away, I havent been feeling well. We have a very clear pattern developing on the USDJPY pair. I have had a mid term long bias since we broke the trend line a short while back, however if this HNS plays out, it should really make a nice bullish move. A couple things to think of here before we jump the gun. Dont ever buy into a head and shoulders...

Art-of-FX Updated 

I think the AUDNZD pair is really a solid pair to be watching right now. We have a clear trend line break on a former wedge that should yield pips at least 3/4th the size of the wedge. However I tend to think we will make our way back up to the larger trend line and hit my target rectangle eventually. Should be easy pips with a little bit of patience. AUDNZD can...

Art-of-FX Updated 

I am really liking the retrace opportunities from NU AU and now GU lately. Not only providing good long chances, but offering longer term opportunities to get back in on the short side. That being said lets focus on this long play. Nice divergence here, which normally I only use as a confirmation on my bias. I think its real simple, a break north will yield to my...

Art-of-FX Updated 

I think the AudCad should be in a retrace soon. Right now I think these are the most important areas of support. So to work this setup I will take the following approach. First I will wait for a solid candle, now take note the long term .3820 is around my 3rd buy zone. I will be watching this area favorably but will pull the trigger on any proper candlestick that...