Emerald_City_FX

Emerald_City_FX

Price is currently showing some nice rejection wicks at the current minor support and is forming a triple bottom. It is also showing some rejection wicks at the current minor support turned resistance. Price is trading in a very tight range and I am looking for a consolidation into a breakout. I am expecting a trend continuation down to the next support zone. I'll...

Emerald_City_FX

Price has tested the upper boundary of the descending channel but has respected it for the most part. Price is showing some strength to the downside as well. We will have to see how the price treats support and whether it can hold or not. I personally think that price might consolidate at support for a little and then continue down to the TP I have listed. I'll...

Emerald_City_FX Updated 

Short trade for GU. A little premature on my entry but it wound up not being so bad. Solid show on the minor resistance to the previous major. Barring any bad news from either country, I don't expect too much resistance towards my profit target. I am currently in this trade. Will keep up to date. Here are my numbers for the trade. Entry - 1.37144 Stop Loss -...

Emerald_City_FX Updated 

Short trade for GJ. Finally broke past support and made a move to the downside. I expect to see a little bit of price action between the minor resistance levels on the way to my profit target. I don't expect to see much overall resistance for the move to continue seeing as there are no major news announcements for either country at the moment. Price could very...

Emerald_City_FX Updated 

Waiting for a solid retest of previous support turned resistance. With the such a strong reaction to the news I expect the price to continue to trend down to the previous support Risk - 1% R/R ~ 4.5 Stay safe and stick with your plan.

Emerald_City_FX Updated 

I might be a little premature in calling this, but I think that this head and shoulders pattern that you can see on the 4H is now complete and that we should be seeing a trend reversal in the very near future. Price may take a little breather here and consolidate before pushing higher. I would like to see a retest at least once of the current support before I...

Emerald_City_FX Updated 

CAD/JPY is looking almost ready to break out of the triangle that it is currently stuck in. I'm looking for a retest of the current support and then a break above the current indecision area heading to the previous level of resistance. If price breaks, but doesn't hold above the current support and instead heads south, then I won't take the trade and will wait...

Emerald_City_FX Updated 

Short trade for this pair. Looking for a break and retest of the current support (potentially more than one retest given recent price action...). I'm going to err on the side of caution with my stop for this one since it made a 100 pip move up and down within a roughly 24 hour period. If I don't get a solid break and retest and the price turns bullish, I might...

Emerald_City_FX Updated 

I forgot to finish my analysis earlier this morning and post this idea, but here it is. Better late than never. I missed my initial entry due to breakfast/daycare dropoff took longer than expected today. Tantrums in the parkinglot and whatnot... I was looking for a break and retest at 132 but missed it and the it went the way of SpaceX after that. I managed to...

Emerald_City_FX

Expecting a rise in volatility with the upcoming rates announcements with BOC and ECB. Will consider long position should price break and re-test current resistance. Will consider short position should price break and re-test current support. Expecting moves to previous supports respectively. Will not enter a position if the price continues to stay within the...