TheShredded_FX_Trader

TheShredded_FX_Trader

CADCHF has printed a possible double top within a corrective channel. I am looking for a break of 1 hour structure and get in on the retest of that break.

TheShredded_FX_Trader

A morning star formation has been printed on EURGBP and I am expecting a pullback on this pair to the 50% retracement level

TheShredded_FX_Trader

Price extended its gains yesterday and started consolidating creating a rectangle range on the 15min. I am waiting for a break and retest to either go long or short. If the short option presents itself I will look to take profit at the 50 Fib retracement and go long according to my strategy.

TheShredded_FX_Trader

Price is currently testing 4H support. I am expecting price to pop up to the 4H Moving Average before continuing its bearish 4H momentum

TheShredded_FX_Trader

NZSUSD has failed to continue higher and created a potential double pattern. Monday morning during London open we saw price reject the resistance level creating the 2nd top and breaking 1hour structure. I see price continuing to trade lower to the neckline of the double top. A push back higher would invalidate the pattern.

TheShredded_FX_Trader

Last 2 weeks have been bearish at the 38 retracement level. The trendline is broken and retest has a occurred A push to the 57.1 prices and 61 Fib retrace level on the cards may be lower to the 50. Looking for the 3rd impulse move to the downside then look for an ABC correction. 4hr TF we have 2 impulse moves to the downside with the 3rd in progress.

TheShredded_FX_Trader

A weekly bull flag is in formation. A daily double bottom has printed near the weekly 50 fib retracement level/. Friday's candle was a bullish engulfing candle. On the 4hr TF price is back within the range it has been trading for the past few weeks. Possibly a good opportunity to go long if there is good break of the 1288 level . on the flip side a failure to...

TheShredded_FX_Trader

USDCAD has been bearish this week retracing from last weeks highs and is trading towards the daily trendline. One could short the pair until then before reversing and buying from the support levels.

TheShredded_FX_Trader

EURUSD closed above the major resistance and now support level. This brings the EUR back into the range it had been trading in from March until last week. I am looking for the pair to trade up to the weekly resistance level

TheShredded_FX_Trader

Gold has been ranging since the middle of April and looks to continue to trade to support after failing to break the previous high Buying off support ad selling off resistance levels until there is a clear breakout

TheShredded_FX_Trader

EURCHF 4 HR Time frame Possible head and shoulders patter forming. A break and retest is needed to confirm the pattern and validate the long trade to the weekly resistance zone which is on the H and S TP

TheShredded_FX_Trader

USDCAD Daily: Trendline break and Previous 2 days were bullish reversal candles on a support level. USDCAD 1Hour Time Frame: Bullish flag after breaking the trendline resistance level. Potential to pullback to the trendline that was broken.

TheShredded_FX_Trader

USDCAD looks to continue its bearish trend and run the C leg of the bearish channel it is currently trading in.

TheShredded_FX_Trader

XAUUSD 4 Hour Time Frame Possible double top at the weekly resistance level within a rising wedge pattern. XAUUSD Daily time frame is still bullish so this could just be a small correction before further upside.

TheShredded_FX_Trader

After failing to bounce off support back within the longer term structure price has formed a falling wedge pattern which could mean a continuation of the bearish momentum.

TheShredded_FX_Trader Updated 

USDZAR 1 Hour Time Frame 1. Bullish divergence 1HR 2. Break of bullish flag Daily time frame we have seen a pull back to support which price is currently trading on. Further to any news we should see USDZAR continue its Bullish momentum with first target at the Fibb levels on 1 hour time frame.

TheShredded_FX_Trader

Gold Daily Chart XAUUSD fell short of breaking the weekly resistance zone Divergence on the MACD signals possible short trade which would indicate a small correction within the bigger market structure. Price should drop to the 50 support zone where there will either be a bounce for a continuation to the upside or continue to drop to the Fibb levels.

TheShredded_FX_Trader

US Dollar - Daily chart: Price broke out of a rising wedge pattern and then it has retested the broken trend line / Pattern Price is showing Divergence on the MACD which indicates a possible change in the direction of the trend, and with this, price has the potential to drop towards the support levels with the initial level at 91.83