BlackDiamondFX

BlackDiamondFX

I think that this may be a great setup on GBPAUD for next week. I noticed that the Elliott Wave has ended and I think that a head and shoulders pattern will lead it into a corrective wave. The point of the head of the head and shoulders should be a good entry point for a long position. I would most likely take out a small lot size at the top of the head and...

BlackDiamondFX

BTCUSD seems to be close to a daily support zone as well as a demand zone. I Have a strong feeling that it will go back up to the supply zone some time today. If you take this trade, be vary careful as we are very well below the 50 MA, we are still below it. The 50 MA is usually a strong support/resistance zone so trade carefully.

BlackDiamondFX

This is my trade idea for the USDJPY for the upcoming week. As you can see, it is in a descending wedge which indicates an uptrend coming. My suggestion would be to watch it closely once the market opens and watch out for news events. My goal for this trade is around 20 pips. This trade may also retest the trend line so stay alert and check your...

BlackDiamondFX

BTCUSD look like it is about to break into the BUY ZONE. I will be waiting for the candle to close above the trend line and a new candle to open. Watch out because it can still go the opposite way.

BlackDiamondFX

USDJPY looks like it will breakout very soon.

BlackDiamondFX

Wait for candle to close above trendline and a new candle to form. Be careful of the 50 MA resistance. If price breaks both 50 MA and the trendline, make sure that other confirmations are good before taking the trade.

BlackDiamondFX

This AUDNZD can quite possibly breakout in either direction. You can enter the trade on zone break and next candle open outside of the channel. Make sure your confirmations all hit before pulling the trigger and as always...... Practice safe risk management!!!

BlackDiamondFX

Here is my current analysis of GBPAUD. I honestly think that a very strong buy opportunity is coming. I've already entered the trade but if you decide to do so, remember to practice proper risk management.

BlackDiamondFX

I am keeping an eye on the USDCHF for a possible reversal. If so, we may see a head and shoulders pattern develop and we can take advantage of it. STAY ALERT!!!

BlackDiamondFX

This is my analysis of a potential EURJPY breakout. You can take advantage of the scalp opportunities in between the zones.

BlackDiamondFX

This is my analysis of a coming GBPAUD Breakout. My thoughts are that the trend line and resistance will squeeze price into that corner and the breakout will go down into the SELL ZONE.

BlackDiamondFX Updated 

This is my analysis of the NZDCAD Breakout coming very soon. As you can see, the bullish channel shows that price will most likely break to the BUY ZONE. In addition to that, price has retraced past the 618 on the Fibonacci so that makes me think that this may be a full on reversal of the downtrend. Let's wait and see but I have already taken out a buy position.

BlackDiamondFX

This is my analysis of the GBPCAD. I honestly think that it will break to the sell zone but lets be patient and watch it closely.

BlackDiamondFX

This is my analysis for NZDUSD. Prepare for price to break in either direction but I think that it will break to the BUY ZONE.

BlackDiamondFX

So I went back and noticed a bullish flag on this channel which leads me to believe that price will go up in the near future. Lets just keep a close eye on it.

BlackDiamondFX

This is my analysis on a potential US30 breakout. With this being new high levels, please trade carefully as price could fall rapidly.

BlackDiamondFX

Here is my analysis of a potential BUY/SELL breakout on BTCUSD. With 143 pips between the zones, there may be some good scalping opportunities.

BlackDiamondFX

This is my analysis of a BTCUSD breakout on the 1 hour chart.