Quick update on this position from last week price is moving nicely towards the first easy target 0.69 previous high in current upleg. I will monitor closely as do expect some buyers to come in at this level Hence I have closed 50% of position and moved stop loss to entry price.
So as per my last post (read related post) you will see this pair has went exactly as expected the market was clearly targeting the resistance located around the 0.71 area also the top of a Monthly SUPPLY/SELL zone. We have evidence that price was slowing inside this area by the way it was slowing grinding up and moving in a sideways distribution fashion on the...
We are deep inside a Monthly SUPPLY/SELL zone with a strong resistance located @ 0.71 thus now is a good time to start to look for a sell signal for a move down to test the newly formed WEEKLY DEMAND/BUY zone starting at the 0.66 area. What I expect to occur over the next period is maybe a spike up to test the 0.71 the market may spike above it as could be an...
As per my previous post I explained to you that we would likely see a move above 1.09 area where we had a newly formed Weekly SUPPLY/SELL zone from the current move down. This area has got respected and as per my previous post I would take a position if my TRFX indicator give a higher time frame signal we got that on the 8hr chart around 1.092 and the position is...
We are marching towards the 1.10 WEEKLY SUPPLY/SELL zone after breaking through 1.08 post CPI yesterday price has also created a new high in the current leg also creating a newly formed DEMAND/BUY zone around 1.06. Because we are also taking out previous swing highs off the last downtrend and creating new DEMAND/BUY zones on the way up it looks like we are now...
Nearly time to SELL this pair it has passed my 1.08 target from my previous BUY trade hitting the target now I will look to SELL as we approach 1.09 and above. You can see on the Weekly charts there is a nice SUPPY/SELL zone located here also at a nice resisatnce area before so this will be a really good level for shorting the market on the correct signal. I...
Quick update on this trade position is running super smoothly heading towards the 1.08 target. I have moved stop loss to entry price and closed 50% of position. Great last trade of 2022
Update on Friday's trade idea read the related post. As explained in that post we got the expected drop below 1.05 and the 12hour signal on the TRFX Pro indicator to allow us to enter the market. This is my last trade of 2022 read enjoy
The previous SELL idea on this pair banked over 800 pips as we played the top of the longer term range market see related post for this. Now it is time you can look for BUYING opportunities under 1.05 as we approach the bottom of the MONTHLY longer term range. Starting at 1.05 is a nice weekly DEMAND/BUY zone I expect a reaction inside this area. I want to...
Quick update on this trade idea on Friday the TRFX Pro indicator give a couple of signals on the 8hour which was the green light to enter this position read my related post on the reasons behind this setup. As the position moves in our favor will trail the stop and take profits at certain points ::)
The CAD pairs across the board have been grinding higher recently and are all extremely over extending and a SELL off is to be expected pretty soon. In my previous idea where I was waiting for a signal on my TRFX KING above 1.40 on a chart ranging from the 8hr to the daily so I could enter a trade no signal has occured on any of these charts yet and price blew...
We have been in this position since September after going short at the top of a long term MONTLY range above 1.135 was when the entry signal occured and was the are explained we would like to see an enttry signal occur. This happened and as explained in the intial trade post the potential for this position to fall back down into the HUGE MONTHLY range turning...
Quick update for you on this position after getting the entry signal on Friday and the intial 200 pip pop were we had closed 50% of the position and moved the STOP to entry price (which nearly got hit yesterday). You can now see its moving nicely towards the 139 area I talked about in Friday's post the PMI numbers helping price go above 137 today I have now...
Quick update on my previous post as expected we dipped under 135 actually down below 134 price was extremely oversold across leading into the NFP release then my indicator giving the green light to enter. I have already closed 50% of this position and the stop loss is at entry will trail the stop as we move up Read my previous to learn how I was able to...
Been patiently waiting for a SELL signal to pop up from my analysis a few days ago price has been slowly grinding up with a SELL signal finally occuring. Read my related post to see exactly why i'm entering here.
This pair is moving according to my previous idea after we got the move back up into the early 140's price went as expected and is now at the predicted level of 135 and is creating new SUPPLY/SELL zones as it moves which is very good. You can see 135 is the start of a untested Weekly/Monthly DEMAND/BUY zone so you should expect buyers to start coming in below...
This pair has been on a near 9 week bulllish run and fast approaching a untested Monthly SUPPLY/SELL zone just above 0.85 you should now look for a correction down towards the last swing high in the previous down leg around 0.82 though it may drop down to 0.80 before heading back up and going the higher levels of the Monthly SUPPLY/SELL zone. So I am now...
As expected we got the move above 1.21 into the weekly SUPPLY/SELL zone you can read the full analysis in my related post. You will read in that post that I was looking for a SELL signal to occur on timeframes above the 4hr once we went above 1.20 my indicator give that SELL signal earlier today and we entered the position. As per previous post we will target...