EDFX

EDFX

PAIR : GBPAUD REASON : My reason for entering this trade is quite simple. We are currently in an ABCD movement and are now looking to complete it by taking profit at D Leg. Missed my entry point at C leg but fortunately enough price action given us another another entry point and now looking for price action to head towards our take profit.

EDFX

BIAS : SHORT DESCRIPTION : FROM MY LAST PREVIOUS POST YOU CAN SEE THAT WE WENT FOR SCENARIO B WHICH WAS WAIT FOR PRICE ACTION TO BREAK OUR SUPPORT @0.71700 AND RETEST SUPPORT WHICH WILL BE RESISTANCE AND HEAD DOWN TO OUR SUPPORT @0.70700. CLEAN SIMPLY TRADING. GOOD LUCK TRADING !!

EDFX

I'M CURRENTLY SITTING BACK AND JUST WAITING FOR AN ENTRY FOR EITHER MOVEMENT TO THE UPSIDE OR DOWNSIDE. AS YOU CAN SEE WITH THE ARROWS MY LINE OF DEMAND HAS HELD STRONG AS PRICE ACTION HAS TRIED TO BOUNCE OFF IT 3 TIMES WITHIN THE LAST WEEK. AS I'M NEUTRAL ON THIS PAIR FOR NOW THERE IS ONLY TWO POSSIBLE WAYS THIS CAN GO SCENARIO A : IN THIS CASE PRICE ACTION...

EDFX

WHEN I TRADE, I TRADE STRAIGHT TECHNICAL'S, NO FUNDAMENTALS. I BELIEVE FUNDAMENTALS DO PLAY A MAJOR PART IN TRADING BUT THE WAY I TRADE I DON'T REALLY LIKE TO GET TO MIXED UP IN WITH FUNDAMENTALS DOESN'T MEAN I DON'T TAKE NOTE OF IT. JUST PREFER TECHNICAL'S, I DON'T USE ANY INDICATORS ASWELL IF I DO USE INDICATORS IT IS THE MOVING AVERAGE BUT THAT IS ON MY MT4...

EDFX

VERY SIMPLE STUFF BIAS: SHORT DESCRIPTION: BEEN WATCHING AND BEEN IN THIS TRADE SINCE LAST WEEK BUT WE ARE FINALLY SEEING SOME MOVEMENT. REASONS FOR ME BEING SHORT ARE QUITE OBVIOUS. PRICE ACTION HAS BOUNCED OFF RESISTANCE @1.71000 AND NOW WE ARE HEADING TOWARDS SUPPORT @1.67300. THIS TRADE IS JUST OVER 350 PIPS. GOOD LUCK TRADING.

EDFX

I've been watching this pair for a while now and sat back to really just let this trade come to me. As you can see we've been stuck in this bullish channel since august and are still in it. I'm currently in this trade as we speak, reasons for this our simple. Price action hit support at 132.000 were we got a bullish reversal Doji candle, this indicates change of...

EDFX

USDCAD 4HR

EDFX

Long term upwards channel got broken in the early stages of march, wasn't sure when to hop onto this trend but we got a retest of the weekly resistance and 0.236 Fib first target is at our monthly support at levels 1.8500 second target is at our Fibonacci extension -0.27 at levels 0.81442

EDFX

DOWNWARDS CHANNEL ABOUT TO COMPLETE ABCD MOVEMENT

EDFX

EURGBP BIAS: BEARISH DAILY TRENDLINE BEEN BROKEN MONTHLY SUPPORT ACTED AS SUPPORT TWICE BACK IN JULY 2013 & SEPTEMBER 2014 BUT NOW ACTING AS RESISTANCE SINCE FEBRUARY 2016 200 EMA ALSO ACTING AS RESISTANCE RETRACED AT OUR 50%FIB RSI WAS SHOWING OVERBOUGHT BUT NOW HEADING DOWN TOWARDS WHAT I BELIEVE UNDER LEVELS 0.70000 *DON'T GO OFF MY JUDGEMENT, DO YOUR OWN ANALYSE

EDFX

EURCAD BIAS: BEARISH TRENDLINE BEEN BROKEN BROKE UNDER WEEKLY SUPPORT 200 EMA BROKEN *DON'T GO OFF MY JUDGEMENT, DO YOUR OWN ANALYSE

EDFX

LONG

EDFX

LONG