EliteFx_Academy

EliteFx_Academy

Price is yet to fill the imbalance created. This could be filled first before the price continues either up or down.

EliteFx_Academy

Price is at a key resistance level. A move to the downside is more probable. Apply proper risk management.

EliteFx_Academy

Ascending wedge spotted...wait for price reaction at the identified key levels before making a move. lower timeframes could be used for further confirmations and confluences.

EliteFx_Academy

We expect a continuation to the upside to the resistance level or a continuation of the descending channel to the next turncoat support level.

EliteFx_Academy

A triangle has forced at a key zone. we expect a continuation of the upside or a reversal for a swing trade.

EliteFx_Academy

Trendline broken to the downside and price could rally down to sweep the unmitigated zones.

EliteFx_Academy

Price is at a key support level and a buy is more likely unless that zone is broken to the downside and retested.

EliteFx_Academy

Wait for a breakout on specified zones before making the appropriate entry.

EliteFx_Academy

Price is at a critical level, wait for a break and retest to make entries.

EliteFx_Academy

AUD is becoming weak compared to EUR in 30M timeframe and there is a break of bearish flag in an short-term uptrend, which points to a higher probability of a short-term long (scalping).

EliteFx_Academy

On M15, GBPJPY has formed a symmetric triangle meaning a break on the upside could lead to a buy while on the downside could lead to a sell. Currently, on lower timeframes, GBP is stronger than JPY so we expect a higher chance of a buy than a sell; however, GBP is slowly becoming weak, which paves the way for a potential sell. WATCH FOR BREAKOUT BEFOE ENTRY ON...

EliteFx_Academy

Price has respected the resistance level and we expect a sell to the immediate support before a break or bouncing back.

EliteFx_Academy

Price has retested a key level so we expect a sell; however, if we witness a rejection and retest of the trendline then we shall go long

EliteFx_Academy

We expect a bearish move since the price has failed to break the witnessed resistance

EliteFx_Academy

A buy is more probable in the case scenario but we cannot rule out sell opportunity when the turncost support is respected with the trendline rejection as a confluence.

EliteFx_Academy

Price is currently at a key level and we expect reaction on eaitheer side as shown. wait for confirmation.

EliteFx_Academy

The pair could still respect the downtrend to the unmitigated point of interest shown.

EliteFx_Academy Updated 

TRADE IDEA GBP/USD has formed a double bottom, broke, and retested the resistance level at 4hr and 1hr. With this confluence I'm looking for buy set-ups on M15 timeframe for scalping. As you can see it has broken above the rectangle (where it was trapped for some time). If it fails to thrust the upward move it will go back to the rectangle and the current...