growthbankfx

growthbank

I am currently backtesting this losing AUDUSD trade to identify what was done right and what I could have been done better. Overall I had the structure of the trade perfect down to the take profit, but the issue with this trade was the stop loss was too tight. I understand the uses of supply and demand zones now, so I will be less likely to make this mistake again...

growthbank

According to a top down analysis of the pair, price has recently broken the sell trend and has successfully retraced into a 50% fib. We are now looking for this pair to retest the lowest part of the retracement in the demand zone, where we will gather buy positions and hold until about 200 pips.

growthbank

I started with a top down analysis and noticed that according to the weekly time frame, this pair has reached it's support zone. On the daily chart we have seen that price has formed a double bottom testing the support zone. On the H4 we have seen a downward facing flag formation, and according to proper market structure we are expecting a bullish movement to...

growthbank

When I trade major pairs like USD or JPY, I notice a more stringent market structure formation. Very rarely do these major pairs not follow market structure rules on higher timeframes. We see a clear bullish movement according to the horizontal support line. I'm looking at an entry at the last retracement wick, which beautifully touched the 61 line on the fib. The...

growthbank

According to top down analysis, the D1 has started to form a triple top formation. I see price retracing back to the 61 on the fib, which also happens to be the cross formation of the alligator indicator. We are going to wait for price to retrace back up to entry, and then we should see bearish moment continuing.

growthbank

GBPCHF is currently approaching the last lowest wick support zone. The pair has also formed higher highs on the D1, so I am expecting a double bottom to form at the support zone, and go into bullish momentum. Stop loss is tight so we are looking at a solid basic support to resistance trade, according to the upward trend of the pair.

growthbank

We are looking at a bearish pennant variant on the D1. I am expecting price to continue selling towards and eventually past the horizontal support line. Price has currently attempted to touch the major resistance zone, and missed it by a few pips, indicating that this pair is preparing to break structure and turn. My sell limit is assuming that price retraces to...

growthbank

We are observing the formation of a bullish pennant formation on the daily time frame. A top down analysis allows us to observe the pennant on the Daily, and understand that before price makes its way into a bullish formation, it must respect the horizontal support line. Our buy limit is set at the bottom of the horizontal support as it pertains to the last two...

growthbank

I was initially looking to take sells for this pair until a proper top down analysis indicated a textbook Falling Wedge formation. We will see the price break out of the resistance zone, break horizontal resistance and breakout into a buy.