IkeOkeke

IkeOkeke

Good Morning All, Last week we saw the pound move in a fairly range bound manner, similar to that of the DXY. With the DXY now presenting a sell opportunity you could take advantage of the pound moving to around the 1.32740 level before a more significant reversal. Looking on the 60/240min chart it looks like the cable has completed a bullish flat structure so...

IkeOkeke

Good Morning all, This week we could see price bid higher to around the 1.17908 level before a daily reversal taking place. The "5/Region" is roughly where the 5th wave could terminate before a more significant reversal. It also key to pay attention to the daily timeframe which is currently in the development of a 3-wave correction for some further downside. ...

IkeOkeke

Good Afternoon Traders, Whilst a buy opportunity presented itself earlier into the week, if you haven't found an entry, not to worry as the EURGBP looks to be setting up for another impulse to around the 0.89 level. Price is currently moving within a around a 2-week correction and we could find this breakout to the upside happening sooner rather than later. With...

IkeOkeke

Good Afternoon Traders, 1.35966 was a strong reversal area for the cable and I'm now expecting price to move towards the 1.346 level. Price is currently within a consolidation range and offers strong potential for the downtrend to continue pushing the pound to levels unseen in months. Good luck Trading!

IkeOkeke

Good Afternoon Traders, This pair has been in a corrective structure for a while now and it looks like today we could confirm a break out of this channel signalling upside. I've entered my long based on the small flag formed on the 1 hour timeframe. I entered at 7885.1 and hoping to take profit at around 8057.1 (200+ pips) My stop is placed at 7851.0. I'm...

IkeOkeke

Check out my previous related ideas posts on the FTSE 100! The FTSE has been in a big correction and it looks like it's ready to move to the downside.. I'm expecting the market to move to the 7090...

IkeOkeke

Good Afternoon Traders, Haven't posted in a while so here we are! Here's the NZDCAD -0.13% which has just broken what appeared to be a flag pattern .. I was expecting one more move up within the apex of the flag but it broke out early which wasn't a problem. I waited for a . 618 retracement and got in at 0.93413 and the market has made available 68 pips already...

IkeOkeke

Keep your eye out for the short. Stop - 112.224

IkeOkeke

Just a quick short opportunity on the GBPAUD. Entered trade at 16945.2.

IkeOkeke

Flag forming on the 1hr chart UKOIL, short term sell opportunity.. Trade with care, Ike

IkeOkeke

Currently a small flag is developing on the FTSE and I do believe there is more room for a correction however remains bearish in the larger picture.

IkeOkeke

Currently in corrective structure.. waiting for drop

IkeOkeke

Currently in a corrective structure, just waiting for the next impulse to the downside.

IkeOkeke

Good Evening Traders, Cypher Pattern has completed on the GBP/USD. The 14- Period RSI is oversold adding to the confluence. TP - 1.23706 Follow me on Twitter - @BrightForex Thanks and Good Luck! Ike

IkeOkeke

Good Morning Traders, The trend line on the NZD/USD has been broken. I'm simply waiting for a retest of the trend line for a potential buy position. The RSI is currently oversold, therefore a pullback should give the RSI some room for movement. I'll keep you all updated on this position! Many thanks and good luck, Ike

IkeOkeke

Good Morning, Afternoon and Evening Traders A week later from my post "Sterling heading for 1.21 level?", the cable has yet again pushed into the very low levels after UK Prime Minister Theresa May stated last week that triggering article 50 would mean the UK not having access to the single market. This wasn't great news for the cable at all, and consequently...

IkeOkeke

Good Evening Traders, The completion of the D leg (red tick) should form a bullish bat pattern. The stop has been placed at at X (also a key support level), giving a 3.59 risk to reward. My limit order has been placed at the D leg (0.96133) First Target - 0.96806 Second Target - 0.97032 Follow me on Twitter: BrightForex Thanks and Good Luck!

IkeOkeke

Good Afternoon Traders, A cypher pattern has completed on the GBP/USD 1Hr TF. The C leg came very close to closing above the 1.414 extension, luckily only wicks formed. My stop has been placed at the X leg, which also ties in with other key support/resistance zones. First target - 1.23227 Second Target - 1.23678 Follow me on Twitter: BrightForex Thanks and...