kingbola

kingbola

Lower swing high triggered - re-testing the critical 1.16418 supply region at the 6am 4 hour close...expecting US Dollar strength

kingbola

Expecting sterling devaluation - trade mainly incentivised by US Dollar strength I am expecting as the US session opens later Just above a 1:1 risk to reward for this position - with a 115 PIP take profit.

kingbola

This instrument has signalled a lower swing high which was clear and evident from yesterday's trading day. Given the expected decline in the US Dollar currency Index - I will be expecting a further decline on the valuation of this exchange rate - with price re-visiting the 110.437 demand region (which is a critical zone) Straight forward 1:1 risk to reward with...

kingbola

In the midst of the current bearish GBPJPY trend - a smooth false break from the 4-hour time frame has occurred, in the direction of the existing trend. Entry taken from the 1 hour time frame, as price penetrates through dynamic support zone. Holding short till 139.847 demand.

kingbola

EURUSD Finally penetrates through the 1.1500 psychological level and creates new lows at 1.13695. As EUR buyers attempted to push price above the 1.13954 level - the bears took over and pushed price back below this level creating a false break from the intra-day perspective, which actually coincides with the prevailing momentum on this instrument. New lows...

kingbola

AUDUSD SHORT - Obvious lower swing high has formed from the 4 hour perspective - expecting the previous lows at 0.7329 to be met and potentially penetrated to the the downside triggering in a LOWER LOW Expecting US Dollar strength across all major G10 currencies - stop loss placement is above the previous lower swing high as you can see as it is a safe area for...

kingbola

EURUSD has triggered in another lower swing high from the intra-day perspective. Smooth re-test tapping into the 1.16200 region, with a bearish rejection which coincided with the lower swing high. Besides the Crude Oil inventories release later today, there are no macro fundamentals which will significantly impact the fluctuation of the EURUSD exchange rate....

kingbola

Triangular wedge currently in play on EURUSD - indicting a high level of indecision as price tussles around the 1.17527 and 1.16211 key zones. Beautiful daily false break above the 1.17178 yesterday - which was added confluence for a bearish swing and continuation on this pair, amongst other indications. I did take an intra-day entry yesterday and this is just a...

kingbola

Further sterling devaluation against the US Dollar for purchase power. Huge reversal expected overall, but currently witnessing lower highs and lower lows technically. Straight forward 1:1 risk to reward trade, stop placements few pips above the key 1.4042 resistance region, with a 109 PIP take profit.

kingbola

EURAUD bearish break below 1.3938 key level, had quite a few more price indications from taking into consideration the high time frames of instrument. Risking 11.8 pips for 39.6 pips gain.

kingbola

USDCAD bullish break above 1.32079 resistance area. Expecting further bullish movement towards 1.3250

kingbola

USDCHF bearish break below key 1.00618 support zone, expecting a downward rally towards 1.0033 area

kingbola

Short position on USDJPY, bearish reversal @ 112.225 resistance zone whilst respecting the overall bearish momentum

kingbola

Predicting a bearish reversal on USDJPY. Price rallied up towards 114.478 weekly resistance zone, however we are facing an overall bearish momentum which also reinforces bearish movement. Stop loss is placed above the weekly significant area, and take profit is placed at the next possible turning point (minor support zones) at 113.095.