FXHEET

FXHEET Updated 

Bitcoin is still quite bullish on higher time frames. On lower time frames, the momentum is down. I am looking at the 59k area as a support level and decision area as this coincides with the .618 fib of the last impulse that also intersects with the LTF bullish structure. If this area holds, then we could see the next impulse possibly pushing Bitcoin up to the...

FXHEET Updated 

I haven't been watching this pair all day but I got an alert for this pair to go long on another indicator I use to detect momentum shifts. While reviewing the chart, I see that my indicator also triggered an entry a few hours ago. In addition, I see that that the bearish structure has been broken with momentum showing strength. CHF is currently showing...

FXHEET Updated 

USDJPY has shown weakness throughout the Asia session. It is breaking down from a double top created last week. It has broken the LTF Bullish structure and is currently retesting it. This also coincides with a strong Key Level. If history repeats, we could see a fast and furious drop back down to the support zone. Just a disclaimer, I am not trading...

FXHEET Updated 

It looks like EURJPY is topping out from a momentum and money flow point of view. There is a chance that it starts its descent down from here. Looking for a break and retest of the LTF bullish structure to push down to .5 or .618 fib. Support for this idea: Supply zone has been very strong since mid-March My indicator showing slow stoch topping out...

FXHEET

Long Term EU is bullish. EU is currently completing its corrective structure before starting the next wave up. There is a strong key level between 1.96-1.99 which I forecast will be retested before starting its last descent. This area is also the area coinciding with the bearish structure. The next descent will come down to 1.82-1.84 (between .5 & .618 fib)...

FXHEET Updated 

Still testing the Extreme Opposite entry of my script. Now that the alerts are working better, it triggered a signal and this time I was quick enough to enter a small trade. Its not a huge trade risk nor profit wise but at least 2 RR. Support for this idea: LTF channel support ICI 61.8% Fib Let me know your thoughts. Trade Safe! HEET

FXHEET Updated 

All I can see is shorts in this scenario. But I am having difficulties understanding why it keeps pushing up. Ideas to support this idea: Strong trendline resistance Key Level resistance Strong resistance zone ICI to the downside DXY strong support at 92, which has already been tested DXY looks heavily oversold on LTFs NZDUSD looks heaving...

FXHEET Updated 

I'm testing a new indicator that I was coding all night. It triggered a signal using an Extreme Opposite Stoch strategy to enter a short. There is some confluence as it appears to be a potential countertrend trade as well. If it plays out, it will be a 2.5 RR trade. It's funny as I was looking for long entries as it bounced off a key level until my signal...

FXHEET Updated 

I closed my buys yesterday and starting to look for sells now. DXY has been bullish the last couple days but it looks like it may be topping out. It has reached the structure highs, 0.612 fib zone (from the weekly perspective) and a key level which I am expecting to resist for this idea. For DXY, keep an eye on 92.5 area and 92.665 area. USDCAD is currently at a...

FXHEET

I closed my sells earlier today and starting to look for buys now. DXY has been bullish the last couple days but it looks like it may be topping out. It is nearing the structure highs, 0.612 fib zone (from the weekly perspective) and a key level which I am expecting to resist for this idea. For DXY, keep an eye on 92.5 area and 92.665 area. EURUSD on the...

FXHEET Updated 

It appears that we may see some temporary downside to DXY, which could give us some nice moves for USD intraday trades. Momentum is starting to look exhausted and we can see a break & retest of a bullish structure breakdown. If we start to see a downward move, the first target will be the support around 91.4 area close to the 0.382 fib. The next target will...

FXHEET Updated 

Last weekend, I was projecting an upside move for USDCAD (linked below). If the bottom of the right shoulder was caught, then that trade is still valid for potentially 300 pips. Unfortunately I missed that entry. This weekend, I zoomed out and forcasting a larger move from the daily & monthly point of view. Although USDCAD is consolidating within a...

FXHEET

Most of my trading these days are either USD pairs or JPY pairs. As such, I keep a very close eye on DXY at all times. Although I was bearish on DXY a couple weeks back, I am now bullish. DXY has broken out of the the Bearish Structure. And as we all know, Descending Wedges are a bullish signal following a breakout. As clearly seen from this chart, not only...

FXHEET Updated 

A few minutes back, I entered a USDCAD trade. It hit my first target and then came back down and got stopped out break-even. I am trying to re-enter as I think this is the point where it will start going up. This is a risky trade as we just had the NFP with a huge DXY jump followed by a massive retrace. And since, DXY has been very choppy. But the result...

FXHEET Updated 

Not sure why but this week, the more trades that end up in profit, the harder it gets on the psychology. So many times, I wanted to close this trade but I kept it open and it kept on going up as expected. In the end I did close it and it did continue an additional 10 pips. But I can't complain. I got some decent profits and getting close to my monthly target...

FXHEET Updated 

Last week we saw continuation to the downside. Then a fakeout to break the structure to the downside which corresponded with an explosion to the upside. What I am looking for now is a correction down to 1.263 to 1.264 area. Depending on price action, I will look for for this area as a potential buy zone to take the price up with another impulse back up to...

FXHEET Updated 

Although EU was looking bullish since last night, I have a feeling that it was just the expected pullback for the larger pattern. Now we can clearly see a new ICI pattern developed. We have that first nice impulse that I was expecting in my previous idea linked below. Price pulled back quite aggressively and settled around the .382 area and then had a...

FXHEET Updated 

Last week we saw multiple structures showing signs to the upside for EU. Looking at the structure now, it looks like that upward move is done and we will see a strong downward push for EU this week. Thanks to the yields frenzy last week, we saw USD gain massive strength pushing down all the majors. Due to this push down, EU broke the bullish structure. Now...