ICFX

ICFX Updated 

Bullish trend is likely to continue after tomorrow´s retracement, as we had pretty thin run (inefficiency) which tend to be filled. It is hard to pinpoint where to to enter upon a retracement (might be up to 100 pips), considering tomorrow´s volatility due to the ECB rates hike decision. Current dollar weakness is driven by the rise of American stock market (US30...

ICFX

We are approching very important level...1.00 psychological number We also reached yearly DEMA (240 Daily DEMA / 1440 4hrs DEMA). Double Exp. MA (DEMA) is one of the best tools to capture trends. The question is if price wlill break it and starts trending above or will reject from it. We will for sure see a minor rejection at least. But I suspect a breakout (as we...

ICFX Updated 

Price is likely to return to weekly close. As we had trendline breakout. We closed back below monthly close Have significant unfilled (completely) price imblances (gaps aka skinny legs) to the downside Current sentiment is 60 bullish to 39 bearish - bullish trend cotinuation unlikely (for that bearish sentiment has to be above 70 / contrarian approach) Rejection...

ICFX Updated 

This might be good buying opportynity as price showed bullish reaction at yearly floor - S4. FOR EDUCATIONAL PURPOSES ONLY

ICFX Updated 

Today we saw a clear rejection from Monthly Open. For any bullish setup on 4 hourly price preferably be above that. We saw extensive congestion below weekly low. Price was unable to travel up from there (with a few poor bullish breakouts tha quickly faded). 4 hourly fractal is not completed yet, hence push to the downside is very likely. Also, we have not tested...

ICFX

Price is likely to reach Monthly Camarilla S3 level, where it would also complete the fractal and fill three existing inefficiencies to the downside with minor bullish reactions at their releasing points. Price will use the thin existing gap (between the two Kumo clouds) to break down. Price wis likely to retest the trendline / 8 daily vwma after the trendline...

ICFX

It looks like the bearish move is not over yet. Price is likely to reach Classic S3. The big question is where the downfall will stop. Yearly Classic S3 or Yearly Traditional S3. Price action around Traditional S3 shows weakness. Price is likely to continue lower and bottom at Classic S3 or swing below it (where Tom Demark Breakout Projection sends us). Reaching...

ICFX

Price is likely to test monthly S4 where we usually see a rejection midway to S5. 8 VWMA is likely to be tested too. So the bullish move is not over yet. I would short upon the S4/daily 8 VWMA retest. Right now EURUSD sentiment is nearly 50/50, not good for trading - www.myfxbook.com Overwhelmingly long sentiment means look for...

ICFX

GBP remain bearish on daily. Downtrend has not been broken. Price is likely to make new lower low or at least, test the last low. Hence I am looking for shorts from 8 weekly ema and June close (price just tested June close). As for July 28th, 2022, 61 percent of retailers remain long for now - another indication that price is unlikely to follow them. For...

ICFX Updated 

I am looking to short this thing. 85 percent of retailers are long on EURCAD. We go the opposite way. For educational purposes only!

ICFX Updated 

I see a buy opportunity around 1.02 (round level) using a contrarian approach to myfxbook outlook (sentiment tool): 1 The retail bullish sentiment (86 prercent bullish) had been exhausted for now and strated to subside. Hence we should see the change in trend. Keep an eye on retail positinig at www.myfxbook.com as price moves...

ICFX

This is historical inverted EURUSD chart. DEM (Deutsche Mark is predecessor of Euro). It means bearish parabolic move on EURUSD chart. For educational purposes only.

ICFX

Euro is in downtrend on monthle chart and July Candle is likely to become a breakout candle closing below lower low.

ICFX

Demark and Monthly Camarilla Projections for Bitcoin both send us lower. After break of Monthly Floor S4 price usually heads to S5 (not without major pullbacks) where it often times reverses back to S4. Quite violent price action to follow... For educational purposes only.

ICFX

Price broke the monthly S4 floor and is likely to continue to S5. However on weekly price did not close below monthly S4 - so breakout might be false. On the top we have a bullish W formation, which remains "active". So I would be careful with shorts. 1.04 is very strong support level. Monday price action will give more clues. If price trends below next week...

ICFX Updated 

This is June Outlook for EURUSD using Monthly Camarilla Pivots which predict monthly volatility, direction and reversal levels. Price started trading below monthly Camarilla S1 - Bearish Bias for now. Trendlines and channels also point move to the downside. Price is likely to retest liquidity block to the downside. TD breakout projection sends us there as...

ICFX Updated 

USD dollar is likely to strengthen next days against BRL. I am looking for longs. This pair is one of the easiest to trade. Just moving averages will do. It is pretty straightforward on higher timeframes, no fake moves as in euro. For educational purposes only.

ICFX Updated 

Geometric moving average (I usually use 9 period MTF from higher timeframe) is good filter for noise. In congestions it also tells the direction as it draws distinct wave patterns. Usually there are 3 corrective waves after series of impulsive moves. Hence price should make new higher high. Geometric moving average is often refferred as Exponentially Weighted...