Ethan_FX

Ethan_FX

We've had a break of the level above and price has shot down which must have meant that there were a lot of sellers waiting for the break of the level. The level has been left naked so I think that there will be a lot of orders waiting for the retest. Also the level has been away for a while now so it will be visible on the higher time frames. I believe that a lot...

Ethan_FX

Yesterdays candle closed as a very promoting SS (shooting star), this was seen after a convincing move higher towards a slight daily level. This SS gives me confidence that price will reverse and go down to the untested level on the daily (5th April). We can see that if price comes back to the level now without a move lower we will have 61.8Fib confluence (very...

Ethan_FX

All key areas are based on 1day TF. We have seen price reject our resistance at 1.34365 and impulse down to our next key level at 1.32720. We can also see that price has started to consolidate and form a flag pattern. A break out of this flag to the lower side is what I am gong to be looking for and if this does happen we should see price copy the previous...

Ethan_FX

We have seen a break out of this resistance that has been holding for a while now. I got in just before the breakout as all of my indicators told me price was going up. GU is looking very bullish today!

Ethan_FX

As you can see we have a very strong trend line here which ha been tested for the fourth time and a bullish engulf can be seen rejecting the line. I feel as though we can see price reach previous high if things continue the way they are going and maybe even break through that point creating new highs. I'm definitely going to be bullish for the next few days!

Ethan_FX

SMAs have crossed and both the 30 min and 1D carts looking nicely bearish.

Ethan_FX

Waiting for the cross of the two SMAs on my charts then we will be looking good for a short position. 4hr looking nice and bearish also. Let me know your ideas.

Ethan_FX

Cable looking very bearish today. Only going to be looking for shorts

Ethan_FX

Can we see completion of this double bottom here on cable and reversal of the market.

Ethan_FX

As you see price has previously tested resistance twice before breaking through. Price is currently hovering around thata point making me think that this will become a new support. Also price is hovering at around the 61 fib mark.

Ethan_FX

Can we see a price reversal here off the 15m resistance?

Ethan_FX

We got in here on cable after a clear SMA cross had appeared. No major data out of either country until 13:00 GMT which gives this position a good 4hrs before we need to either take profit or stop loss. All of my criteria was met with this trade hence why i decided to enter. The stop loss was fairly big but i decided to enter anyway as this trade set up was very appealing.

Ethan_FX

Cable is in a massive down trend so i will be looking for the downwards cross of the 5 and 10 SMAs. No major news out today of either country so there will be no need for an early exit.

Ethan_FX

The reversal that took place yesterday has hit full effect. Today I will only be looking for shorts on the 15m TF. A lot of data out of the US today so i will be concentrating on the 13:30 area.

Ethan_FX

It looks like we have a reversal on our hands here on Cable. I will only be looking for shorts today!

Ethan_FX

No big news out of the pair now until 15:00 GMT. All my criteria has been met. 4hr chart in a big uptrend. 15min chart RSI above 50. Stochastic trending upwards 5&10SMA crossover MACD Coming from negative to posative Sticking to my strategy we will see where this one takes us!

Ethan_FX

It looks as if there is a change in trend on the way. All oscillators point to bullish momentum. I a looking to scale down to the 15m time frame and get into some nice long positions today. Durable goods orders in at 1:30 GMT so i will e looking to get in after the data release.

Ethan_FX

Can price drop even further after yesterdays rally? No major data out of either country today but Gfk Consumer Confidence released at 00:01 GMT. Not wise to hold any positions over night.