HonestFXTA

11:47

HonestFXTA

Direct message me

12:12

HonestFXTA

Drop me a message

06:11

HonestFXTA

We have seen a massive move to the upside and have hit a major market structural area. now we are seeing weakness and i am looking to take this down to the 61.8% level

HonestFXTA

We have hit the major downtrend line on the weekly and we have seen strong rejection. Now down on the 15 Min Chart I'm looking for an entry, I've missed the first continuation pattern, but we have another one forming. I am waiting for the 3rd and final touch and it will enter me into the market and will look to catch other entries on the continuation patterns

HonestFXTA

On the weekly chart we are still in a major downtrend where we have seen the retracment up to the 61.8% level and a rejection, This level happens to be at the major trendline as well. On the 1D chart we are seeing the right shoulder form on a major head and shoulders pattern with massive divergence on the RSI confirming that the trend is weakening. On the 4HR...

HonestFXTA

We have seen about 4 weeks of a bearish attack and when we was last in a bullish trend on the daily chart it trended for roughly the same amount of time. We have hit a strong support area and are hoping for a break of the trendline and a move to the upside and could see it retrace up to the 61.8% level. The RSI is showing divergence and in a oversold situation...

HonestFXTA

So we have created a double bottom, a lot easier to see on the Daily Chart. we have broke the pattern and should see a retracement down to the broken neckline. To confirm the neckline i placed the fib retracement tool to the swing low to the swing high and the 61.8% level is in line with the broken neckline. We are also creating a rising wedge which can be seen in...

HonestFXTA

The trade idea i placed up last week has hit my top profit. Instead of waiting for the breakout of the pattern to execute me into the trade i waited for the retracement up to the 61.8% level and then i entered, this just gives me a better entry and a better stop loss and a bigger target

HonestFXTA

We have seen a double bottom form with strong divergence on the RSI. We had a breakout of the patterns neckline then we saw it respect the 100 MA and now Im waiting for a retracement down to the patterns neckline and it happens to be the 61.8% Fib level as well. So if i see this retracement and the rejection on the previous broken neckline and the 61.8% level i...

HonestFXTA

so we saw a break from a head and shoulders pattern also a rising wedge on the right shoulder up to 61.8% Fib level for a great entry. Now we are seeing some retracement in form of a rising wedge pattern up to the 61.8% level and have seen some strong rejection. If you go down to the 1HR chart you will see a head and shoulders pattern forming within the 4HR rising...

HonestFXTA

A nice little trade caught in the night. I took the Fib retracment from the previous swing on the 4HR then we saw the market retrace up to the 50% and form a perfect example of a rising wedge. My minimum price objective was to the previous low and was set for the breakout three quarters the way through the pattern (This is where you should see the breakout occur)

HonestFXTA

Well we saw it retrace the 61.8% on the 4HR up trend. Its now created a head and shoulders pattern, we seen a retest on the previous broken trendline. I've taken a fib level for the most recent swing and its rejected the 61.8% for the downward movement and i have entered.

HonestFXTA

It has retraced back up to the previous broken trendline where we have saw some rejection, we should see some downward momentum on the technical side of things.