OGFXTRADER

OGFXTRADER

Clear bullish momentum with the GBP, with price action currently signaling a bearish divergence for a possible pullback to support zone. Expecting the correction to reach and test the rising trendline for further uptrend continuation. Tonight the FOMC could bring this pullback deep enough to trigger the buy limit order. In the higher timeframes, the uptrend bias...

OGFXTRADER

In the realm of W1, the price action is clearly struggling with a resistance zone about the 1,450 handle, forming a triple-top at the mentioned level, with last week buyers rejection. However, the week has been dominated by indecision. On both sides, sellers and buyers haven't stepped in. The rising trendline is supporting the current uptrend. With price action...

OGFXTRADER

With the price action in consolidation bouncing from a strong support level, not only in H4 but also against the Fibonacci level 50 from D1, we could expect a bullish breakout. To capture this uptrend continuation, a long entry is placed as a buy-stop, with an E/L that allows enough buffer for price action to move with freedom. Although the long setup is...

OGFXTRADER

Although price action was able to bounce back from the 50EMA, the bearish momentum in the pair remains. MACD is showing a strong downtrend momentum for bearish bias confirmation. To capture this bearish bias, a sell-top entry could be placed, allowing the following setup. Price in consolidation after a bounce from EMA The order: Type: sell-stop. S/L: 63 pips -...

OGFXTRADER

The entry was triggered by trade positive. Already closed half of the position, and S/L moved to BE level. Free risk trade !!!! Note: Probably forming the right shoulder for a bearish trend continuation. Pair moved to the purple watchlist for a second entry at the H&S neck.

OGFXTRADER

With the price action about to form the right shoulder with the pullback, pair could continue its bearishness, In the downtrend momentum continuos, a second entry after a pullback from trendline (purple) can also be caught. Price in a pullback to the resistance level. The order: #1 Type: sell-limit. S/L: 44 pips - R:R | 1:2 - T/P: aiming to fibonacci level

OGFXTRADER

CHINA A50 found rejection from a critical resistance level from the ascending channel. Price action making a tweezer top candle. MACD is showing diminished bullish momentum, together with a clear divergence for confluence on the bearish bias. Price in consolidation. The order: Type: sell-stop. S/L: 20 pips - R:R | 1:2 - T/P: aiming to the next supply zone +...

OGFXTRADER

A downtrend confirmed on three different timeframes (H1, H4, D1). The pair is trading under bearish pressure. Price in a pullback heading to a nice area for a short setup. The order: 1st entry: Type: sell-limit: S/L: 52 pips - R:R | 1:2 - T/P: aiming to the next supply zone 2nd entry: Type: sell-limit: S/L: 56 pips - R:R | 1:2 - T/P: next supply zone + trendline

OGFXTRADER

After an extended bullish momentum with the pair, its price action has reached a vital supply zone, at correction is forecasted to at least Fibonacci level 38.2 from D1. A sell-stop entry allows room for the following setup. S/L: 90 pips - R:R | 1:3 - T/P aiming to the next supply zone

OGFXTRADER

Price action continues its bullishness, the expected correction to trigger the buy-limit order never happened. Although the price structure is showing fatigue for the uptrend continuation, together with MACD showing also a diminished bullish momentum and a sell signal entry, the order is canceled and moved the pair to my watchlist expecting to get a better...

OGFXTRADER

Price action had a correction and triggered the sell-stop entry. Price was able to react as expected after the NFP last Friday, however as seller pressure is diminished, the order was canceled in BE.

OGFXTRADER

Price action broke in H1 the support level at 1.3397, and bearish pressure continues to affect the US dollar. Short entry by a sell-limit order, supported buy MACD signaling a sell bias gives room enough for the following setup: S/L: 45 pips - R:R | 1:2 - T/P aiming to a support level in from a higher time frame.

OGFXTRADER Updated 

Price action broke consolidation channel a buy limit entry expecting pullback before ut continuation is placed. Great Britain's economy has been showing dampening reports, but technically speaking, this entry displays a UT momentum. A buy-limit entry gives room for the following setup: S/L: 89 pips - R:R | 1:2 - T/P aiming to a previous support level in...

OGFXTRADER

Price action continues its strong bullish rally, trading sideways within a rising channel, expecting a pullback to its lower support line from the channel for further uptrend continuation. MACD divergence is also spotted to confirm a possible pullback. A buy-limit entry for a bounce strategy from the 50EMA as the third touch give enough room for the following...

OGFXTRADER

Price action continues to be trading with a rising channel spotted in D1. Then, in H4, an expected pullback to the trendline in confluence with Fibonacci level 61.8 for a long entry will be placed. The diminished bullish momentum in MACD could support this pullback. A buy-limit entry for a bounce strategy from the trendline+Fib level, give enough room for the...

OGFXTRADER

The Euro has experienced an incredible bullish rally since last week, showing small pullbacks from the 18EMA, whereas I've been trying to catch a more substantial correction. Price action is overextended, where a healthy correction should come any time soon. However, this evening (from +8 GMT), the NFP will keep the market awake. This report could or could not...

OGFXTRADER Updated 

Price action under bearish pressure has reached a strong support level, now expecting the price to pullback will allow a sell-limit entry order. However, if the price action can manage the breakout of the current level setup, it will be changed to the same sell-limit. Still, entry at the current level, expecting the used retest of the level before downtrend...

OGFXTRADER Updated 

After the ascending channel breakout, price action could retest the resistance level of the breakout for further uptrend continuation to the next resistance level. MACD formed a sell signal for confirmation of a possible correction. E/P right at the Fibonacci level S/L: 100 pips - R:R | 1:3.7 - T/P aiming next resistance level.