ArikTrades

ArikTrades Updated 

As price reached strong resistance we can expect price to reverse as there is no fundamentals in play here since there is no major news is taking place anytime soon. Also we can see the currency strength of JPY is greater than CAD. Follow me for more trade ideas , thanks.

ArikTrades

Price has broken out of support (yellow box) and has completed its retracement to the 0.05 of the fib, now we can go for shorting with a very good probability and good risk to reward ratio.

ArikTrades Updated 

As ETHUSD has just tested 0.5 of the Fib and bounced we're expecting It to go bullish to 1.3 of the fib taken from the impulse , and after few consolidation we would be expecting the market to go bullish again to 1.618 of the fib. Mean while we have SL bellow 0.05 of the fib . Good luck following this idea.

ArikTrades Updated 

As the price touched the 200 MA and also it is at a very strong support zone, it is very likely we will see a pullback and go bullish on this pair , also we have a very good risk to reward ratio. Good Luck following this idea. Follow me for more ideas, thanks.

ArikTrades Updated 

After breaking of the resistance ,price has retraced back to 0.5 of the fib , so now the resistance has turned into support so now we will be taking long position , with medium risk to reward ratio. Also backing up this idea is CHF being weak where as GBP being very strong in this week. Follow me for more ideas, thanks.

ArikTrades Updated 

USD Is very strong at the moment ,so high probability it would break the support and hit our TPs , move your SL to enty after price hits TP1, Good Luck following this Idea Follow me for more ideas.

ArikTrades Updated 

We have a perfect entry on GBPJPY , It is at a very strong resistance zone, most likely to fall and retrace back to 0.5 and lower of Fibonacci taken from the impulse. We have tight SL incase price breaks the resistance. Good luck following this idea.

ArikTrades Updated 

After the news on USD, USD is weak therefore Gold price is likely to fall little bit And we have a good chance of seeing a bounce back from 1874 towards 1950,thus going long position as we analyse from Weekly and daily perspective. Good luck following this idea :)

ArikTrades Updated 

Up trend breaks ,no more creation of higher highs , now we can see head and shoulders pattern forming and start of down trend. Also supporting this idea is AUD being weak today and CHF being strong refereed to as currency strength. When prices reaches TP1 we can put our SL at entry, Good luck following this Idea :)

ArikTrades Updated 

As GBPUSD just broke the resistance and retraced back to 0.05 of the Fib we can expect price to go up to 1.38 of the fib as part of Technical analysis. From the fundamental side , currently USD currency strength is low as President Biden takes the seat at the white house as Donald trump leaves the office.

ArikTrades Updated 

Breakout from pennant, retested and now it would fall TP1 and Tp2 in the chart as yellow support lines

ArikTrades Updated 

EURUSD broke the Resistance as USD strength is very High at the moment , also we can see that after breaking resistance (yellow box) price has retraced back to 0.05 of the fib, so now we have good opportunity to sell with good risk to reward ratio. Good Luck following this idea.

ArikTrades

AUDJPY forming head and shoulders pattern as price broke the up trend, price is expected to go up a bit then fall down to the support finished the pattern. At this time of the idea we can see AUD being weaker than JPY which also supports the fact its going to fall. Entry should be at the 2nd shoulder with very good risk to reward. Good luck following this idea.

ArikTrades

As ETHAUD has just tested 0.5 of the Fib and bounced we're expecting It to go bullish to 1.3 of the fib taken from the impulse , and after few consolidation we would be expecting the market to go bullish again to 1.618 of the fib. Mean while we have SL bellow 0.05 of the fib . Goodluck following this idea.

ArikTrades

We just had a breakout from the ascending trend , now we're looking for retracement ,i.e why we're going short, after retracement is complete we shall go long Goodluck following this IDEA.

ArikTrades

At the moment CHFJPY is at a very strong resistance zone (on daily and weekly chart) . We can see it has started to create CYPHER pattern , the only way to complete this pattern is going SHORT, we have a tight SL in place if price goes against us RISK to reward is pretty good on this pair , We can put our SL at entry when price hits TP1 Good luck following this pair.

ArikTrades

Price may go upto resistance (upper red line) then break the resistance and go up higher till the reward price or will RETEST back to the support zone(lower red line). Good luck following this pair :)

ArikTrades

After retracement on 0.5 of fib , we are looking for long with tight SL Also supporting this idea is US currency strength being weak so we have a very good chance of breaking the resistance and go bullish on the pair. Good Luck :)