ICFX

ICFX Updated 

EURUSD has been heading towards monthly and weekly trendline. Now it is pretty close to reaching it. Weekly evening star formed some upper resistance which will hold price ranging until it hits the trendline. However it is possible, the price can break or spike through to monthly trendline earlier. Whatever the scenario, once the price hits the trendline, the drop...

ICFX Updated 

Trade is based on rising strength of Canadian dollar on monthly currency strength chart and the correspondent ultimate weakness of Swiss frank right now. Though within daily strength / weakness perspective those currency pairs are on about same level though, slowly they are moving in opposite directions in terms of weakness / strength and this separating move is...

ICFX Updated 

4 hours currency strength indicator confirms the short position. JPY is gaining strength while CHF is weakening. I set my first target at 38 pips.

ICFX

I believe this is a great shorting setup with so many confluences. Our first target will be 20 ema on 4 hours charts and eventually the bottom side of ATR channels.

ICFX

Our first target is trendline at about 1.92789

ICFX

We target about 60 pips (the length of flag´s pole)

ICFX

By 2020 it should reach the upper side of the flag and at that point an upward breakout should occur. The breakout move usually equals the height of flag´s pole.

ICFX

We just gota shooting star on GBPJPY 0.20% daily which pierced right above the daily and weekly (!) trendlines as well as 200 ema on weekly. I expect a potential massive drop down to 144.890. The first tp1 would be 50 daily fib level . Tp2 would be daily 200 ema . Once price breaks through that next target would be 0 fib level. Strengthening of yen as a safe...

ICFX

We just gota shooting star on GBPJPY daily which pierced right above the daily and weekly (!) trendlines as well as 200 ema on weekly. I expect a potential massive drop down to 144.890. The first tp1 would be 50 daily fib level . Tp2 would be daily 200 ema. Once price breaks through that next target would be 0 fib level. Strengthening of yen as a safe heaven is...

ICFX Updated 

Low risk / high reward. High probability "go with a trend" trade. On 4 hrs timeframe we also bounced off 50 ema and upper side of bollinger bands. On 60, 240, Daily and weekly we are in downtrend - all below 200 ema.

ICFX

A great setup with a low risk / high reward ratio.

ICFX

Tp 1 - 38.2 Fib level (0.72633) Tp2 - 23.6 Fib level (0.72224)

ICFX Updated 

Stay in trade until one of consequent daily bars will close below 8 ema (NY close charts).

ICFX

Tp1: 10 ema (price usually snaps back to 10 ema ). Tp2: meriadian line of Hurst channel (once the first daily bar closes above 10 ema).

ICFX

TP1 1326.50 TP2 1316.89 (23 fib level) TP3 1305.00 (trendline, but a kind of doubt it will get that far, as we are in uptrend, this is retracement in the flag)

ICFX

NZDJPY looks to be heading up next five days or so. A sharp fall might occur after that as it gets cornered and tension accumulates before it will spark breaking the corner.

ICFX

Morning star got formed 3 hours ago on GBPNZD daily when NY closed. Last time it was seen on the daily chart of this pair was more than a year ago in early March 2017. After last year´s GBPNZD morning star the bullish move was for over 1600 pips all the way into May 2017. Morning star is one of top 6 reversal signs. Earlier we had bullish engulfing which failed to...

ICFX

In most cases (2/1) of Bearish Hikkake there is a break down, which can be quite significant.