ICFX

ICFX

I am shorting USDMXN. Right now it is moving in the leftist Gann angle where price moves fastest in relation to time. Seasonal data confirms strengthening of Peso (means shortening of USDMXN) until 17.07.

ICFX

When you see a morning star pattern (you can use candle software to find such), usually it marks the start of Elliott wave 1 to 5 sequence, you enter at the end of the first correction wave (retrace into the body of morning star pattern). When wave 2 is completed, we plot Fibonacci retracements from the tail of Morning star and you will see how perfectly price...

ICFX Updated 

Going short for CADJPY on 4 hours and daily

ICFX Updated 

This is how I see further development of CADJPY on daily. There is not much space to drop on daily as patterns started to congest, getting smaller each time, accumulating energy for an impulsive move. I suspect price to drop slightly below fibonacci level to gray Gann angle (as price moves between Gann angles) from where it should bounce off going into the next...

ICFX

Candle patterns on higher timeframes (daily, weekly and monthly) is safest way to predict the direction the of price move (hundreds of pips) on all smaller timeframes. I recommend NCH (Nison Candle Highlighter), the best software for accurate identification of candle patterns.

ICFX

We are at the start of a bullish uptrend on weekly after a fine bullish engulfing pattern off Fibonacci support level. Bullish engulfing was also on monthly chart. Look for long entries on smaller timeframes. Price already tested back the middle of monthly engulfing candle. The bottom tails of engulfing patterns act as major supports. First major resistance...

ICFX Updated 

As you see also EURUSD betrayed itself giving clear clues from its past behaviour. It follows wave patterns it worked out in the past. I also applied Gann square to EURUSD monthly and weekly, and we seem to be at a start of a massive bullish ride. This is zoom in for 4 hours timeframe. I plotted Gann square (unfixed one), Fibonacci retracements and Fibonacci speed...

ICFX

EURUSD hit the bottom and formed a reversal Morning Star patterns both on daily and 4 hours charts. On 4 hours, after the Morning Star reversal it already did 50 percent fibonacci retracement, where it formed bullish bull sash pattern and I have entered long.

ICFX

Very fine evening star on USDCHF completed by July 1st 2018. It hasnt been seen here since last year. Evening Star is among top 10 reversal patterns. 72 percent guarantee that price will reverse (Bulkowski's candlestick patterns stats). I also plotted Hurst cycle channel and Bollinger band. Both of 200 periods (days). Evening Star reduces to paper ubrella (bearish...

ICFX

Run down (new Elliott 1-5 bearish wave cycle) is expected after Bollinger squeeze. I expect price to hit and break the Gann angle (Gann angle is TP 1). The cycle should end at the outer Fibonacci arc.

ICFX

It seems we are going to have some steep runs...I project a steep run to 84 dollars per barrel, then a drop to retest head and shoulders neckline (as it did so in the past pattern), second run up to the fib circle and Gann angle. And then a fast drop to 30 dollars per barrel (trendline) down through the neckline. Many clues have been drawn from the past pattern...

ICFX Updated 

I took a closer look at Gold 4 hours chart and that´s what I have got. Pretty precise. As you see, Gold repeats the patterns it worked out in previous waves. We can project the current move to the bottom along the Gann band. So we go short to about 1257 (at 1260 you can take tp to be safe) and then when Gold makes that "cup" in the bottom we can go long. One thing...

ICFX

Its OK to short USDPLN as it reached the fib arc level and is forming double top on 4 hours chart. Price will do the Elliot 1-5 wave cycle all the way down to the 0.5 fibonacci level - Gann angle, where it will make Elliott ABC correction and then will go up again...Watch closely the previous patterns as its again repeats the previous moves that I highlighted....

ICFX

I have plotted Elliott wave sequence for the expected 3 impulsive waves. Then, once Elliot wave 5 is completed, we should expect Elliot ABC correction waves along Gann angle.

ICFX

USDJPY is about to start a downride on daily as you see. It reached the fib arc and repeats the bearish reversal patterns from the past waves. Follow the price to complete that bearish pattern it copies from the past and once it hits the fibonacci arc, we go for a down slide. Then watch for reactions or pullbacks at Gann angles. Every Gann angle line acts as...

ICFX Updated 

Watch very closely what happens in this area. We can short gold to about 1235 from where I expect a bounce. There might be a pullback or some reaction at 0.75 fibonacci level (right now price is very close to reach that line). Once we are inside the outer Gann band watch the moment when Chikou span of Ichimoku hits the price. Then we will have some consolidation...

ICFX

After applying a fixed Gann sqaure to Icelandic krona weekly chart, we seem to have arrived to the start of a new Gann wave, which if correlated with 2 previous waves, should be a much steeper run to a new high at about 156 or higher. Ichimoku elements show bullish momentum as well (amazing how well Ichimoku aligns with Gann square ). Even if we take into...

ICFX

GBP´s vibration to continue. At the moment we can go short (some 70 pips left) to about 3.100 zone from where a reversal should take place. A new wave will be bigger than the previous one. W. Gann claimed that the best indicator are the previous patterns, price behaviour in the near past. Watch the price to remake the previous wave but on a greater scale.