AdamFx42

AdamFx42

UsdJpy is at daily trendline, this is a big picture trade Fibonacci retracement around 61.8% If UsdJpy moves up from here we will be looking for a break of previous highs above 118! I will be looking for a significant move up (bounce) from this trendline contact for first conformation Maybe a couple of strong green candles short-term leading the pair above 107 /...

AdamFx42 Updated 

UsdJpy showing an inverted H&S clear on the 1hr chart, target around 107 A break below shoulders would cancel this and indicate a further move down towards weekly trendline around 105.2 Short-term buy opportunity around 106 - SL below 105.8 - TP 107

AdamFx42 Updated 

UsdChf is currently trying to break back above the 4hr trenline The pair will have to hold above 0.9725 to confirm a break back up A break back up, in my opinion, will make the breakout this morning a fake breakout The plan is to buy a breakout conformation, and a apply a tight SL below trendline The target will be up to you - how far can Chf recover - I will...

AdamFx42 Updated 

GbpJpy is looking strong A daily head and shoulders points to a move up Buy above trendline support - as near to 159 - 160 as possible TP is above previous highs around 164 - or let it ride to new daily highs above 170 SL is below DiNapoli 25x5 = 157.5 Gbp is stronger as likely 'no' vote to Brexit draws nearer BOJ is pushing for a lower yen gl all

AdamFx42

I am looking to buy GbpJpy after the pair traced out a three candle reversal on the weekly chart, and broke above the weekly downtrend last week On the 4Hr chart we can see that the pair has hit 100% Fibonacci extension level at 161.23 from last move and has bounced back from it - the broken 61.8% level could act as support now (at 159.32) At the 61.8% Fibonacci...

AdamFx42

NzdChf seems to be recovering from weekly lows, I am going long here I am using DiNapoli indicators on my charts for the first time - so bear with me .. DiNapoli indicator predictor (gold_line) pointing up - price should follow this movement Price has moved above DiNapoli 3x3 (red line) and 25x5 (light green line) indicators I am long before the expected...

AdamFx42

Cad Chf seems to be recovering from weekly lows, I am going long here I am using DiNapoli indicators on my chart for the first time - so bear with me .. DiNapoli indicator predictor (gold_line) pointing up - price should follow this movement Strong bullish divergence with DiNapoli MACD predictor indicator (dark green line) Price has moved above DiNapoli 3x3 (red...

AdamFx42 Updated 

I believe to have found a H&S pattern on the daily chart in UsdCad I am selling below the neckline - SL at 1.36, target of the H&S is around 1.2550 UsdCad put in new lows on Friday, after the data releases (and bad number on earnings) Also Crude Oil is on the way up again - next target 38-40 The combination of these two will probably bring Usd down more the...

AdamFx42 Updated 

I am long UsdJpy - at 1.1190, since yesterday - I will explain why It is clear now on the daily chart that the previous lows have been rejected We see large volume on the initial lows and less volume on another push down towards these lows This indicates that the market is exhausted bearish, and will turn bullish We see that in the oscilator indicators - there is...

AdamFx42 Updated 

AudUsd has broken above weekly trendline down and it is acting as support now (blue line on the chart) We see some kind of closing wedge pattern emerge above this support The pair rejected the lows of 0.70 a couple of times, and is supported below by red trendline now Resistance here comes from 50 and 100SMA, but these should be broken to the upside soon and the...

AdamFx42

Look at the beautiful cross of trendlines - retracement after initial move up has come and previous trendline down is being tested and acts as support now Trades don't get much easier than this: SL 1.42 - TP above previous highs - at least 1.437 Enter now

AdamFx42

Monthly trendline up from 2002 lows comes in at around 7! Monthly trendline down has been broken to the upside and has held But fibonacci expansion 0.61.8% from last two moves up are both just below 14 If price breaks below 13.8 again we may see 100% fibonacci expansion level from last move - at least! This is just above 12 So: buy between 14 and 10.5 (100%...

AdamFx42

AudUsd is moving towards a buy position above daily trendline support MA 50 is broken to the downside - SMA 50, yellow line I will wait for MA100 to break and buy above trendline support - SMA 100 green line TP is below double top and MA200 - red line

AdamFx42 Updated 

Previous low in EurUsd provides a nice setup on the weekly chart for a long position I have entered around 1.06 long and have a Stop Loss just below 1.04, targeting 1.2480 in the long run Previous weekly low around 1.05 may provide a support level and double bottom on weekly chart Fundamentals could not get (much) worse for Euro and I am betting that a low is in...

AdamFx42

Usd/Jpy has made its intentions clear, I believe Breaking 125 after steep retracement indicates that traders believe the intended rate hike is coming in September The pair is currently in a bullish channel, and is coming down to retest previous highs I will see if lower channel support holds, or the pair will bounce Then I will go long there - just below 125,...

AdamFx42

A long position Aud/Usd offers an excellent RR-ratio at this time The pair is close to support of previous lows around 0.725 and a turnaround or continuation of the current bullish scenario could target previous highs above 0.7430 The pair has held just above 76.4% Fibonacci retracement level of the previous move up and this is not an uncommon level for this...

AdamFx42

The Gbp/Usd hourly chart is a resemblance to the daily chart but offers some short-term perspective for a long trade above 1.5540 On the daily chart the downtrend has stopped around 1.46, and we are going up again On the daily chart the 100 SMA is about to cross above the 200 SMA - a golden bullish sign Here, on this hourly chart we see a uptrend forming,...

AdamFx42

I think I have found an interesting setup on the 4 hour chart in GbpNzd for a short position Price is currently right below 100 Simple moving Average and just below 38.2% Fibonacci retracement level of last move down these combined resistance levels should hold the price below, and pair is already bearish being below daily trendline and a top seems in place...