NoCeilingsTrading

NoCeilingsTrading

Expecting a continuation of this bullish move. The European Dollar has been gaining a significant amount of strength. Reason For Bullish Move: 1.) The New Zealand dollar has been overall losing its strength, not only against the EURO but other currencies as well. 2.) After breaking and retesting the former high, price then found support and formed a higher low...

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Last trading week displayed huge bearish pressure or weakness of the British pound. There was a massive sell off, with the issues surrounding "Brexit" further weakening the pound. I'm expecting a retracement then a continuation of the original trend. Reason for Bullish move: 1.) Price is currently in a demand zone. 2.) Price broke below the monthly trendline 3.)...

NoCeilingsTrading

Expecting some bullish strength of the Canadian dollar this week. After huge the previous week, i'm expecting some bearish pressure to make up for the huge sell off.

NoCeilingsTrading

I'm expecting a the US dollar to gain some strength this week, aganist the Japenese Yen. Looking for possible minor move to the upside followed by a retest, and then finally a huge move. Reasons for USD strength: 1.) The yen was very strong last week, and if you look at other currency pairs that traded against the yen, you would notice huge directional moves. 2.)...

NoCeilingsTrading

In the previous trading week price has made a huge push to the upside. It ultimately created an over extended move. The issue surrounding "brexit" also made the British pound weaker. Now here is where the sell off will begin. Reasons for Sell off: 1.) Price is overextended 2.) Price broke through the monthly trendline (and now time for a re-test) 3.) Price also...

NoCeilingsTrading

Here is my analysis of NZDUSD. I have attached images of each time frame below. Please like or leave a comment. If you think differently state that, and list or leave your analysis/reasons. WEEKLY Daily 4hour 1hour

NoCeilingsTrading

Take profit was smashed and price moved further than anticipated. Check the original analysis below.

NoCeilingsTrading

Looking to short EU, due to my top down analysis. 1.) if you look at the monthly time frame, you would noticed we are in an overall downtrend. IMO this latest move was just a strong rally. Price seem to be a little extended and I think now is the time for a nice retracement. There is a double bottom on the monthly time frame, it's neckline has yet to be...

NoCeilingsTrading

Price has slowed down and is now looking to make a reversal or a retracement. If you look to the left at previous price history you will see that price has met resistance at an area that previously acted as support. In the bigger scheme of things price has been in a downtrend and i think i see price making a new Lower high on the bigger time frame. I see...

NoCeilingsTrading

Here is an update on the previous analysis on GBPJPY long position. As you can see the Take Profit was smashed, and it appears that price may reach 140.0 Here is the original analysis from July 15

NoCeilingsTrading

THis can be seen as an earning play. Price is in an uptrend. There was a retracement to the 38.2 fib level, followed by some consolidation . Price range between the two red levels. Price then broke out and retested the upper range level which once acted as resistance but is now acting as support. The previous candle was a doji, which I think may be signaling a...

NoCeilingsTrading Updated 

There is a cup and handle on the daily time frame. Price has also respected the 38.2 fib level on the 4hr. On the four time frame price retested the former double bottom. All signs expecting GJ to make a bullish move.

NoCeilingsTrading

Giving the current pandemic, from a fundamental aspect, i'm not expecting them to be as profitable as they normal are. I think i see a bearish flag pattern. Price retraced on the weekly timeframe the 61.8 fib level and made a lower high, along with a bearish engulfing candle on the daily. I'm expecting a big push to the downside soon.

NoCeilingsTrading

Price ultimately respected 135 QP point Price formed a Head and Shoulders Patter There was a break and retest of the trend line and price is looking like it may retest the previous neckline of the double bottom. I'm also expecting good earnings announcements from various banking institutions which would help with the bearish push.

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Take profit was hit.... Check the image/analysis below on why i took this trade..... Now im waiting for a good place to enter a short, and ride it down in the original direction. Price may move much higher than i anticipated so i'll just be waiting on the sidelines.

NoCeilingsTrading

I have an overall bearish bias on GJ. But there are somethings that make me pause for caution. That is the US-CHINA trade war, with China being Japan's biggest trading partner a negative effect on the yaun may also be bleed off into the yen. This may help influence the temporary bullish move. Due to the hurting UK economy, i think there is more room for GJ to...

NoCeilingsTrading

Ko appears to be a preparing for a nice bullish move. 1.) It has respected the trend line 2.) price has created a higher low 3.) found support at the 38.2 fib level 4.) a bullish flag appears to be present 5.) an inverse head and shoulders

NoCeilingsTrading

Never traded this pair before.... but it appears to be a descending triangle, it's been respecting the supply zone and constantly making lower highs showing bearish momentum