LewisDawes

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About me 21 Year Old Aspiring Forex Trader IG: @lewisdawesfx
Joined Liverpool, UK. lewisdawes
Markets Allocation
100 % forex
Top Mentioned Symbols
USDCHF 25% | 1 EURUSD 25% | 1 USDJPY 25% | 1 USDCAD 25% | 1
LewisDawes LewisDawes USDCAD, 240, Long ,
USDCAD: USDCAD LONG ANALYSIS
20 0 3
USDCAD, 240 Long
USDCAD LONG ANALYSIS

USDCAD - Nice uptrend here on this pair. 50.00% Fib holding nicely where the new Higher Low was formed. A break of this Counter Trend Line just below 1.34000 we could potentially form a new Higher High around the areas of 1.36500/1.37000 where are Weekly Resistance is.

LewisDawes LewisDawes USDJPY, D, Short ,
USDJPY: HEAD & SHOULDERS USDJPY
42 0 1
USDJPY, D Short
HEAD & SHOULDERS USDJPY

As you can see from this pair, Head and Shoulders has formed on the Daily Chart for USDJPY. In my opinion I would SELL this Pair to take some big profits as it is very BEARISH and has been for the past couple of days. You will be able to see other Head and Shoulder Patterns be formed on the different time charts for this pair too. FX:USDJPY

LewisDawes LewisDawes USDCHF, D, Short ,
USDCHF: Price Trap for USDCHF at 50.0% Fibonacci Level
10 0 2
USDCHF, D Short
Price Trap for USDCHF at 50.0% Fibonacci Level

On this chart we have USDCHF. By pulling out our FIBONACCI EXTENSION tool we can measure our PRICE TRAP zone to create ourselves some LOW RISK entry points in the market to REDUCE our loses. The points to measure are from the LOW (0.92555) to the HIGH (1.03226) back to the most recent LOW (0.94450) and you will be able to notice that our PRICE TRAP zone fits ...

LewisDawes LewisDawes EURUSD, D, Short ,
EURUSD: Price trap for EURUSD at 50.0% Fibonacci Level
55 0 5
EURUSD, D Short
Price trap for EURUSD at 50.0% Fibonacci Level

If you measure from the last High (1.17110) to the Low (1.05146) then back to the most recent High (1.16130) you can see that price now sits around the 50.0% Fibonacci Level. By drawing this price trap box what you see on the chart, the grey area shows where you will be making profit from the market. For a BUY STOP you will enter your trade at the top of the RED ...

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