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Joined Sweden
Markets Allocation
93 % forex 7 % other
Top Mentioned Symbols
EURUSD 20% | 3 GBPUSD 20% | 3 USDJPY 20% | 3 AUDUSD 13% | 2
Backer Backer AUDUSD, 240, Short ,
AUDUSD: Cypher pattern completed on 4H Chart!
139 2 8
AUDUSD, 240 Short
Cypher pattern completed on 4H Chart!

Clear and simple. No need for further explanations! Good luck!

Backer Backer EURTRY, 240, Short ,
EURTRY: 3.11 Ratio Trade (1800 pips) on the EURTRY!
73 1 7
EURTRY, 240 Short
3.11 Ratio Trade (1800 pips) on the EURTRY!

As we see the pair formed a double top and closed below the neckline on the daily. The major trend line acts as a major support for the pair, breaking it means that the pair is going to the 3.70 levels. Make sure NOT to sell before the trend is broken and the break is confirmed. Good luck!

Backer Backer CHFJPY, 240, Short ,
CHFJPY: Cypher pattern
39 0 6
CHFJPY, 240 Short
Cypher pattern

I think it's obvious! There's no need for explanation. FX_IDC:CHFJPY Good luck!

Backer Backer USDJPY, 240, Long ,
USDJPY: reversed head and shoulders!
211 0 12
USDJPY, 240 Long
reversed head and shoulders!

Left shoulder and head have been formed on the 4H chart of @USDJPY pair. Waiting for the right shoulder to be formed, the base line to be broken and retested then going long. Enterance will be around 115.50. The goal is arround 118 as it's the previous high and it's equal to the destination between the head and the baseline. Good luck!

Backer Backer USDJPY, 240, Long ,
USDJPY: Long!
93 0 3
USDJPY, 240 Long
Long!

4H candle is closed above the downtrend and now the trend is being retested. I see a very good entry at around 114.80 as there's 3 different supports. the downtrend, the up trend and the broken resistence. Good luck!

Backer Backer AUDUSD, 240, Short ,
AUDUSD: Nice AUDUSD Short!
177 4 9
AUDUSD, 240 Short
Nice AUDUSD Short!

This is a very nice place to go short for many reasons: The price broke the short-term up trend. Two Major resistances that the price was not able to break either of them. The Major daily down trend & 0.5 Fibonacci level. So the it will go at least to the next Fibo. level (as well as the previous structure high) which is around 0.7250. The there is a possibility ...

Backer Backer DXY, D, Short ,
DXY: DXY - 5th Wave completed on Daily! Correction Started
119 0 8
DXY, D Short
DXY - 5th Wave completed on Daily! Correction Started

I see correction wave (A) has started on Daily chart. RSI reached the overbought zone and now reflecting. Stochastic did as well. First goal is the previous structure's high @102.04

Backer Backer EURUSD, 60, Short ,
EURUSD: EU Major trend continuation
176 0 11
EURUSD, 60 Short
EU Major trend continuation

I expect EU to finish the correction @ 1.0480 and continue the downtrend.

Backer Backer EURUSD, 60, Short ,
EURUSD: Potential short
204 0 12
EURUSD, 60 Short
Potential short

Short Trade based on Fibo lvls

Backer Backer EURUSD, D, Long ,
EURUSD: Long postion on EURUSD LONG TERM
152 0 9
EURUSD, D Long
Long postion on EURUSD LONG TERM

A nice EU position based on trend lines. Pay sepcial attention to the EMA200 as it could act as a serious resistence. This is a long term postion. God luck

Backer Backer GBPUSD, 240, Short ,
GBPUSD: Symmetric triangle confirmed.. SHORT TRADE!
112 0 5
GBPUSD, 240 Short
Symmetric triangle confirmed.. SHORT TRADE!

The break of the low bound of the symmetric triangle has confirmed as the 4H candle closed bellow.. waiting for it to retest the resistence area and then going short. good luck!

Backer Backer USDJPY, D, Short ,
USDJPY: Head and sholders pattern completed
179 0 4
USDJPY, D Short
Head and sholders pattern completed

Waiting for it to retest the neck level @ 116.10 and the drop down.

Backer Backer GBPUSD, 240, Short ,
GBPUSD: Good level to go short!
143 0 3
GBPUSD, 240 Short
Good level to go short!

Very good point to go short on GBPUSD, as this level meets the EMA200 and 0.382 Fibonacci level as resistence levels.

Backer Backer GBPUSD, 60, Short ,
GBPUSD: Potential Short Position! GBP/USD
127 0 5
GBPUSD, 60 Short
Potential Short Position! GBP/USD

It has broken the up trend on the hourly chart I expect it to reverse as the trend line will act as a resistence.. Furthermore the EMA200 and EMA 50 will act as a resistence also. Not sure if it will continue downward below 1.4211 or will go back to test 1.4300 level again.

Backer Backer USDCHF, 240, Short ,
USDCHF: Waiting to go short
68 0 5
USDCHF, 240 Short
Waiting to go short

price is near to critical resistence levels. I expect it to reverse soon! but still not sure if it will reverse from the first resistence level on the hourly chart or will keep rising to 1.03284 and then reverse.

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