FX Analysis (2017-7-24) Trading Tips: Short term counter trend trading opportunity. We have a Bearish Gartley completion right near previous structure resistance. However, this is against our the trend on 240min chart, thus we only look for a 382 retracement (618 for TP#2).
FX Analysis (2017-7-21) AUDCAD just broke a minor structure support on 15min chart and retested the BO line followed by another Flag BO. We entered at the Flag BO. TP#1 @0.9890
FX Analysis (2017-7-20) USDCAD has just broke out the Triangle consolidation area (Blue arrows). We look to short at a retest of the BO Line. TP#1 @Fib Level 1.618, which is also a Key Level Structure support on Weekly Chart. Thus, we should look to cover all positions before this level. Additional: In the bigger picture, we should expect some sort of...
FX Analysis (2017-7-20) AUDJPY is currently going an uptrend on 60min chart. We simply apply a trend trading technique where we look to long when retest or at BO. A Inv. Triangle was formed and we entered at the BO of the trendline. TP#1 @1.272 Fib Level SL 1 ATR below the Inv. Triangle formation
FX Anaylsis (2017-7-17) GBPJPY is consolidating near previous major Structure Top (145-148.12). We are looking for short term opportunity to Long near previous minor Structure Support with a Bullish Cypher completion near 145.77 inside the consolidation zone.
FX Analysis (2017-7-17) XAUUSD just broke out a Head & Shoulder neckline inside the Structure Support Zone (Green Zone). We are looking for 1) a retest of the neckline or 2) a BO of current level for entry. We also noticed major Structure Resistance (Red Zone) ahead. We shall close monitor XAUUSD when the price reaches this level.
FX Analysis (2017-7-13) If we look at the 240m chart, we can see EURUSD has been holding above previous structure top and consolidating. We noted a Potential Cypher completion near 1.350, we will look for a higher close candle stick before entering this trade.
After its recovery state before, during, and after the Brexit implementation, Pound was able to outperform several of its forex pair including the dollar -- being able to rise, and stay, above the 200sma, a long-term trend indicator. After the huge sell-off on the Pound, GBPUSD visited a near-term support in a day. Considering it is difficult to look for signals...
As with most things in life, letting a trade set up steep and mature prior to entry is basically how you make the most profit. Come and be successful. Should the support bar break I am in, joining a clear strong signal = Short/Medium/Long term trends all down. GL and may all your trades be monsters ;)