Adefxc

Adefxc

The AUD/USD had been on my radar for over 2 weeks now and I have been waiting for the right break to long the pair as heavy as possible, the last week's 100% correction to the spike that happened a week prior to last was really convincing. But it all went down really great because the price has risen back to the same bullish zone. The Friday bullish flag...

Adefxc

GBP/CAD has been a very stable monument inside the triangle, representing a steady correction and rejection inside the pattern. But, a breakout from the upper trend could initiate a very strong uptrend. But, if the pressure is heavy on the 0.6670 support level, it might get broken, and then the price dip a little bit more. Moreover, there is still a chance for...

Adefxc

If the current 1.3950 support level failed to hold the EUR/CAD price and pushes it back into the triangle, a short position is well anticipated. A Sell Stop order is good to catch the breakdown after the first 4H candle successfully breaks below the support. You might want to check it out.

Adefxc

EUR/CAD in an obvious symmetrical triangle, a breakout from the upper trendline and 200-day SMA at 0.4100 would initiate a bullish run. If that did not happen, the triangle might get widened, or a deeper surge could emerge. This is worth looking into as well. A Sell stop order above 0.4100 could be set for a long-term target at 0.4500.

Adefxc

If the 1.1020 resistance failed to push the price back inside the triangle. EUR/USD bullish break out is a possibility, and it worth anticipating for!

Adefxc

The GBP/USD is in a descending channel which could mean bearish trend exhaustion. Arrows 1, 3, and 4 show a potential bullish run. Moreover, before a long position could be confirmed, the price would have to break out the upper channel (trendline) and probably retest the Arrow 3 support at 1.3090 and use the 200 SMA as support as well. If any of that did not...

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EUR/CHF against a technical Double-top pattern which could instigate another surge in price like it did Feb 22nd. But it's best to stay clear of any fake breakdown. A strategic Sell Stop order below the 50% fib zone will be fine. Sell Stop - 1.0180 Tp - 1.00300 SL - 1.02300 RRR - 1:3 Use an appropriate lot size base on your capital (Risk only 1% of your...

Adefxc

I believe Aussie still has a few more bullish runs ahead of her. The only way bears could change the course of the bullish momentum is if they manage to push the price below the 50.0% fib level, which would technically compel the price below the 100-day SAM. More so, the bull still has the 200SAM to use as technical support, which also liaised with the 61.8% fib...

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The GBP/USD is slow but nicely forming a bearish wedge with her pretty tight Higher Highs, and Higher Lows. The overall trend is still very bearish and this could continue throughout this week. In the light of this, Cable still has a few downtrends trades that could be entered and made few bucks for traders with a proper risk to reward ratio. Trading Setup: A...

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I just cleaned a sharp 80pips on Yen without any drastic reversal. I am still in the trade! Well, the bullish run could encounter a slight reversal to the previous resistance zone, which would now be used as support at 116.35. Trading setup Buy limit - 116.35 Stop Loss - 118.00 Take Profit - 116.00 Use proper risk management that best fit your capital...

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I have been looking at this Symmetrical Triangle for quite a while now (that can be glimpsed by checking the disparity in the indexed pictures) and knowing Yen as a safe haven and one of my favorite currency pairs. I am anticipating a potential breakout/breakdown from either the upper or lower diagonal trendline would be a birth of new momentum. Here, patience...

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After waiting for the NZD/USD price to break down and correct with a Fibonacci level of 50% before riding the trend back up. Now, following the current price Chart, the correction is a little above the 50% fib level, which technically marks an average corrective wave. A buy stop order is already in a position to catch the price up to the next resistance level at...

Adefxc

After waiting for the AUD/USD price to break down and correct with a Fibonacci level of 50% before riding the trend back up. Now, following the current price Chart, the correction is at the 50% fib level, a buy stop order is already in a position to catch the price up to the next resistance level at 0.7540. Trading Setup - A Buy Stop order at 0.7340 Take profit...

Adefxc

The GBP/USD bearish result as forecasted! bagged 215 points! The GBPUSd still looks bearish but a corrective wave is anticipated towards the 1.3275 support that will eventually turn to support. So I will be selling with a sell-stop order after the 1.3275 correction falls back down to 1.3250. If that happens then the next target will be 1.30000

Adefxc

GBP/USD has been ranging below the 38.2% fib extension, forming double-tops and correcting back to 1.2225-20 zone. This indecisiveness could be prolonged till the end of this week, or the sellers finally take over the market and drive it further down. Either way, the overall technical outlook is bearish and could stay that way, till it hit the 1.3175 Dec-2021...

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USD/CAD has been on a very tight bearish trend since she broke below the 1.2675-60 support zone, and with Tuesday's bearish rejection, which successfully push the price back to retesting the diagonal resistance area at 1.2675, which stood as the Quasi-support zone for the buyers, before its defeat, the sellers could ultimately turn it to decisive support in other...

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A possible bearish rally could be the next technical phase of NZD/CHF once the support at 0.8310 is finally broken. There is a ''Little to No'' doubt about it, and the momentum could be a rapid one towards the downside of the market. So, Watch-out and be patient for the breakout below the current overly consolidated support zone around 0.8320-10 price level.

Adefxc

EUR/NZD has come a long way towards the upside of the market, but it still got a few more laps to go before hitting a possible correction at the Daily resistance level of 0.7120-50. An early buy could generate a few more points (80p) at least. Nevertheless, best to wait for the next 2H candles for a proper confirmation level. Just speculating, nothing is...