Chris4XTrading

Chris4XTrading

TA indicates a bounce off the slanted support line, followed by a 'fake out' to the 1.0000 region, as before. This would be a good time to open up a short position. We should then see a sell down to the 0.97500 region (and possibly below). Remember to keep in mind the retracement areas to take some profit and/or re-enter.

Chris4XTrading Updated 

60 pip long, 120 pip short.

Chris4XTrading Updated 

Wait for the re-test of the 1260 price region and then sell it off. TP = 1230 SL = 1265 Goodluck!

Chris4XTrading

We should now get a full re-trace to the 61.8% Fibo line.

Chris4XTrading Updated 

Awaiting re-trace to 110.200 region then proceeding to sell. TP final @ 108.500 region.

Chris4XTrading Updated 

The easiest route for the price would be to climb and follow the ranging pattern. Await confirmation and be sure that the price is not breaking both support lines before entering.

Chris4XTrading Updated 

Good news is that if we have a breakout, we'll soar upwards to the last high of the month. Other good news is that if we fail the breakout, we'll plummet to this month's low. Either way, HUNDREDS of pips of profit are going to be made. Or lost...

Chris4XTrading Updated 

Volatility is currently low within EURGBP and we've seen the price ranging for some time now. We should witness a bearish breakout should fundamentals and reports back it up. If Bollinger bounce occurs, we will see price go bullish up to the 0.87900 region.

Chris4XTrading

Using the current price action of EURUSD and Bollinger bands.

Chris4XTrading Updated 

If range continues, we're looking at a solid 200 pip long to the 50% long-term fib line.

Chris4XTrading Updated 

Enter: 86.250 TP 1: 87.000 SL: 86.050 - 85.950 Observing fundamentals and TA, this is the most likely price action.

Chris4XTrading Updated 

Price action rejected the long-term 50% Fib line / 81.55 region. We're now trading the inter-fib lines between the two long term lines. Expecting a bullish move towards the 84.00 region. Hoping for a pullback for a decent entry.

Chris4XTrading Updated 

SHORT setup for the Canadian and Yen pair. Economic reports suggest that the Yen may gain strength over the Canadian Dollar later today. If so, this will support the TA suggesting a ranging pair moving downwards. Wait for a good entry point! Confirm that price is not breaking out of the channel. Best entry would be to call a fakeout early.

Chris4XTrading

After weeks of power from the US bulls, it seems that they're finally running out of steam. Could we now be witnessing the turn of the bearish trend? Or do the US-backers still have some strength left in them for one final push down to the 1.17000 support line?

Chris4XTrading Updated 

The SNAIL: Price is currently on the lower half of the Fibonacci retracement scale. Expecting lower movement to the 0% short term Fib line. Price will have to break the current trend support in order to go bearish to 1.34530 price level. This is very likely on account of a stronger Dollar. Otherwise it is now a great time to enter long up to the 78.6% Fib line...

Chris4XTrading Updated 

Looking for entry points, if we complete the oval (or lemon, in this case), we get an ultimate bearish point of 1244.00. We can also see that there's an intersecting support line with the 78.6% Fib line (1295.00). I believe this to be a good first bearish point. Or I could be wrong and the Dollar could fail us all, war could break out, and Gold could jump up...

Chris4XTrading Updated 

XAUUSD the Fibonacci way. Mostly for reference purposes. 1330.00 is the decision point.

Chris4XTrading Updated 

In order for WTIUSD to go bearish, it will have to break through it's current trend's support, as well as the 120EMA, AND the 50% Fib line. I believe that Crude has a better chance of going bullish towards the upper trend line, perhaps just after reaching the trend support.