opfx_trader

opfx_trader

looking at the double top formed on the 3o minute TF, we can assume the market is going to continue its trend towards the down side. The daily chart has indicated a down trend which looks like a correction since on the H4 structure has been broken by creating a lower low and a lower high, lets see if a lower look can be created. The daily chart is still strong...

opfx_trader

Looks like the market has formed an inverse head and shoulder and the direction looks like its going to drop from here to finish the pattern. Considering the market is at a resistance zone the needs to give confirmation of where its headed next. patiently waiting for a good swing trade from where the market is. A close below the previous Day candle would be a...

opfx_trader

seemz like the market is back at support and market may push up. The zone has previously acted as support and even though it got broken before its managed to push back up. Let's see how the market plays out from this zone. Divergence on the H4 TF also indicates a push to the upside.

opfx_trader

looking at the head and sholder pattern on this pair, we can see that we are yet to see the pattern complet on the weekly time frame. The right shoulder is yet to print itself. Patiently wait and look for entries on the lowertime frames. We need to see the weekly candle close on this one.

opfx_trader

Looking at the Daily Time Frame we can see the market is back at the resistance zone. We can see the formation of a bearish engulfing candle that points to the idea of the market being rejected at that particular resistace zone. However, we can see the market has been recently forming a series of HH and HL. Patiently waiting to see the market retrace to form a new...

opfx_trader

looks like the trend has changed. The las HL has been taken out when a HH was printed and this HH is confirmed when a HL is printed. so am looking to see themarket create a new HH. lets see how this trade palys out

opfx_trader

As we can see from the daily chart the market is at a strong daily support zone. The market has printed a tripple bottom and i anticipate the market will push furthe up fron this point. the market bounced of the support zone well and is now printing bull candles. Still need to see a confirmation of the move to the upside . This is a good swing trade.

opfx_trader

On the daily chart, gold is retesting a daily trendline for the third time. It is possible that gold might push up form this point. Am still gold bias and will patiently wait to see how this market turs out. A break of the trendline would see the market push further down to the support zone between 1764 and 1757. keep an eye out for this one.

opfx_trader

still following up with theAUDUSD long trade setupI had previously done, for as long as the HL is not broken we are still in an uptrend. The dollar seems to still have strength and we might see the price drop and make a double bottom then push up. Either way i still remain to be long bias. we shall see how this turns out to be. Be patient with it.

opfx_trader

As you can see from the chart, ive broken down the daily chart. Keeping it simple and pointing out what price is doing. Am hoping to see the market push furthe up. Initially the market looked like it would retrace to the 38.2 fib level which was a resistance zone but got broken making it support. However, we have seen the market make a deeper retracement all the...

opfx_trader

As we can see in this market, price has just touched the lower trend line for the third time. I expect to see the market make its way to the top part of the channel. Lets patiently wait and see how the market unfolds. Its going to be a good swing trade to consider. confirmation for a long trade will be when we see a HH created taking out the current LH around...

opfx_trader

the pair has currently touched the bottom of the downward channel. On the daily chart, the pair has retraced to the 61.8 fib level which is a good level to see the market move back up to the top of the channel. Lets see how this trade plays out.

opfx_trader

looking at this market we can currently see that the market is retesting a previous broken support now resistance zone. A close below this area on the daily time frame may suggest that the market will be moving further down to the next support area which is around 300 pips down. This is around the 0.70000 area. waiting for more confirmation to then enter a short trade.

opfx_trader

Looking at this pair, it looks like we are yet to see the market go long. The market is currently at a strong support that has held the market above as we can see on the H4 time frame. Lets patiently wait and see how the market behaves.

opfx_trader

Looking at the daily time frame, the market has pulled back to the 61.8 fib level, a correction from previouse weeks impulse move to the up side that saw the market push from lows of around 108.730 to highs of 110.800. the fact that the market retraced and closed above the 61.8 fib level (around 109.500). Assuming we see the market close above this level on the...

opfx_trader

Lets see if the market shall complet the head and shoulder pattern. Look for short set ups at the right shoulder

opfx_trader

Retest of previous broken up trend channel....lets see if will see short opportunities, enrty on lower time fame (H4). A close under the channel will be a good signal of short confirmation which lines up with the 0.618 fib level. The market might test the 0.618 fib level and for more confirmation of further down movement is if we close below the 0.618 level.

opfx_trader

Lets see if we can see usoil drop to 59.960 Keep in mind that the 0.382 fib level is now an area of resistance. It was support but then got broken and looks like the market has retested the previous support now turned resistance zone. A close below this zone will indicate the formation of a lower High(on the daily time frame) and continuation of a the down trend...