MartialChartsFX

MartialChartsFX Updated 

With GBPUSD reaching support near 1.38 expecting the next move to return to resistance at 1.39. GBPUSD has been in an area of consolidation in a bullish flag on the 4 hour which is inside of larger bullish flag on the daily chart.

MartialChartsFX Updated 

Expecting EURUSD to find support near the strong psychological level of 1.20, which has been tested multiple times recently on the 1 hour chart, and retrace to 1.2050-1.2060. This retracement within this correction is in line with overall trend from the daily frame as price is still in an expanding bullish wedge on the daily chart.

MartialChartsFX Updated 

This double bottom formation on the daily chart with strong impulse move on the 4H and 1H charts is correcting to the 1.3920 level before possibly reaching the take profit levels Buy Entry: 1.13920 SL: 1.3905/1.3900/1.3880 (depending on risk tolerance) TP1: 1.4050 TP2: 1.4100 TP3: 1.4150

MartialChartsFX Updated 

Double top on hourly time frame, waiting on the retest of the neckline and then watch price retrace (at zones near 1.2555, 1.2500, 1.2475) on the way down to approximately 1.2420.

MartialChartsFX Updated 

Expecting price to go to around 1.2100 then retrace to 1.2020 (Fibonacci 50%-61.8% level) before resuming the push towards 1.2220

MartialChartsFX Updated 

Look for NAS100 to correct from it's record high after breaking out from the rising wedge and forming a double top. Expecting this to fall to around 13,550. Additionally there is also a Bearish Gartley Harmonic pattern on the Daily chart.

MartialChartsFX Updated 

Bearish to approximately 1.1780. This trade set up is similar to a bump and run reversal, with the exception that the trend line angles are not exactly a prescribed with a bump and run, but the factors that make up the bump and run are still applicable. Expect price to fall to the lead in trendline that also lines up with a respected support zone. Confluences:...

MartialChartsFX Updated 

Looking for AUDUSD to fall within it's bullish channel to support in the area of 0.7625 after being rejected by a strong weekly resistance level and price channel upper zone. Confluences - Bearish on the daily chart and price is currently in a retracement and should start the next bearish impulse wave - Pin bar at a key level of resistance - Bearish divergence...

MartialChartsFX Updated 

AUDUSD to continue within the rising wedge until it meets resistance around 0.7660 - 0.7670. This is a short term move before the bearish break out of the wedge. There is completed Head & Shoulders pattern on the Daily time frame with a bullish pin bar at the bottom of the right shoulder sitting on a monthly support level. Price should rise to retest the neckline...

MartialChartsFX Updated 

EURUSD price is in a range on the hour chart and an expanding wedge pattern which also happens to be the right shoulder of a compound inverse head & shoulders pattern. Still room to move up within the wedge. The daily support level in the area of 1.1800 has been respected as both support and resistance in the past. Short term target of approximately...