FX618Analysis

FX618Analysis

A potential H & S pattern seems to be developing on weekly TF on AUDUSD. The blue lines represents concrete psychological support and resistance drawn from monthly charts. The right shoulder is yet to completed here! Shall it complete, we need to wait for vital confirmation: the monthly candle needs to close below 0.7000 level. After this a SHORT trade can be...

FX618Analysis Updated 

TRADE TYPE: BUY LIMIT ORDER TRADE DIRECTION: LONG TIMEFRAME: W ENTRY PRICE: 0.70870 STOP LOSS: 0.68600 TAKE PROFIT: 0.73100 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade

FX618Analysis

Its a good pattern that has developed on this pair. To be able to trade this with certain confirmation, we need the daily and 4H candle to close above 1.25000 resistance. After this a LONG trade can be taken to target 1.26500 Monthly R1 pivot. THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS NOT A TRADE SIGNAL. I HAVE MANY PAIRS THAT I MONITOR AND ALL OF MY...

FX618Analysis

Higher high at 1.42300 area could become a realistic target if the monthly candle closes above 1.4000 psychological resistance. Once this happens we can take this pair LONG to target 1.42300 higher high depending on Risk to Reward ratio. But before this, the descending channel must break convincingly. for this to happen we need strong impulse move which would...

FX618Analysis

Current RISK ON mood in the markets should likely propel AUDUSD higher as the economies around the globe try to recover. As china is dependent heavily on Australia on trade matters, we have every reason to believe that the AUSSIE will likely gain ground as the recovery in the Chinese exports continue. So from technical point of view, the question that arises is:...

FX618Analysis Updated 

TRADE TYPE: BUY LIMIT TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 0.85160 STOP LOSS: 0.84600 TAKE PROFIT: 0.85730 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade

FX618Analysis Updated 

TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 1.36410 STOP LOSS: 1.36930 TAKE PROFIT: 1.35880 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade

FX618Analysis

Currently EURUSD is confined into a nice clear descending channel. However as the price approaches crucial 1.15000 monthly support, the RSI is indicating positive divergence. If the daily candle clears the descending channel and D EMA, we could expect this pair to climb towards it next resistance of 1.19000. THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS...

FX618Analysis Updated 

TRADE TYPE: BUY LIMIT TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 1.23970 STOP LOSS: 1.23500 TAKE PROFIT: 1.24420 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade

FX618Analysis Updated 

TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 0.85000 STOP LOSS: 0.87000 TAKE PROFIT: 0.83000 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade Full analysis behind this trade available in the related links below

FX618Analysis

This week we might witness USDJPY move up and down as many central banks announce their policies and NFP reading as well. The 115.000 strong monthly resistance is yet to be tested by this pair! Its surprising with such a powerful strong uptrend it was not able to test this level. However this week shall the descending channel break, we can see the pair climb and...

FX618Analysis

Have a look at the above image (EURGBP M TF CHART): It was crucial that the monthly candle close convincingly below monthly 0.8500 psychological support. Support break and confirmation would likely lead this pair towards the swing low (0.8300) Now looking at the main chart (WEEKLY TF EURGBP), we can clearly see that the price is in a descending channel and...

FX618Analysis Updated 

TRADE TYPE: PENDING ORDER (SELL LIMIT) TRADE DIRECTION: SHORT TIMEFRAME: DAILY ENTRY PRICE: 1.16800 STOP LOSS: 1.18600 TAKE PROFIT: 1.15000 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade

FX618Analysis Updated 

TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: 4H ENTRY PRICE: 1.16430 STOP LOSS: 1.16985 TAKE PROFIT: 1.15880 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade

FX618Analysis Updated 

TRADE TYPE: BUY LIMIT (PENDING MARKET ORDER) TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 1.37575 STOP LOSS: 1.36900 TAKE PROFIT: 1.38255 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade

FX618Analysis

Price seem to be supported by S2 MONTHLY PIVOT. A potential break of trendline could lead the price to aim towards descending trendline located at the area near S1 MONTHLY PIVOT. For the criteria to meet, The 4H candle needs to close above the trendline and 4H 50 EMA. After this the RISK TO REWARD needs to be evaluated based on WEEKLY pivots. This move is likely...

FX618Analysis

USDJPY is too overstretched or to put it in technical analysis term, its too oversold. Therefore an anticipated correction would likely occur. However as traders we perform technical analysis and await confirmation that a correction would likely take place. Here we have a 4H chart of USDJPY. 115.000 represents a concrete monthly psychological resistance where...

FX618Analysis

Currently EURUSD is consolidating an upmove towards monthly pivot on daily TF. The consolidation target would be the area near 1.16800. Once the price hits the monthly pivot, we can likely expect the downtrend to resume. A swing low was already broken and what is happening currently is just that the price is retracing towards the broken support. The 1.15000 is a...