TradeHuntFx

TradeHuntFx

This post is more for an educational process than a trade setup. As you can see, we have been able to formulate a general idea of where Cable wants to go in the long term by simply drawing on the key levels/zones. These are essential to be able to pick reversal points. GBPUSD has found strong support at 1.2000 and is going to face strong resistance at 1.2800...

TradeHuntFx

On the lower time frames it appears price action has formed a double bottom and a long entry can be taken on a break of the neckline. Price action on the weekly chart can see the potential for a tweezor bottom to form at a decent area of support where longs can be taken from. There is also a descending trendline which held firm towards the end of 2016 which will...

TradeHuntFx Updated 

An interesting day for both of these currencies as they came under the effect of major scheduled fundamental events. 1.5800-1.6000 looks to be a critical level with a break could see this pair fall to a 1.03500 at a minimum A break off 1.7500 can lead to 1.0800 and ultimately 1.08500. I doubt we will see these highs as between CMP and 1.7500 sit alot of...

TradeHuntFx Updated 

We had a break out of the ascending CTL yesterday which gives me reason to believe another Bearish run could start. A break of the 200 EMA @ 1.06150 with confirm the bearish bias as will remaining below 1.06600. We have entered a small position at market price after having a good rejection off the 50% fib retracement of the impulsive move out of...

TradeHuntFx

After having broken out of the trendline, the price proceeded to rise to 123.80 where it has now found its self in a range but a break out is likely to happen sooner rather than later. Price action on the weekly candle is good (bearish engulfing) following last weeeks hanging man. Ultimately this pair may want to bounce off the retest of the trendline but for now,...

TradeHuntFx Updated 

This pair seems to be replaying last weeks events as for the second monday in a row the price has broken out of the CTL but again seems to be a fake move trapping buyers for the week...I will be patiently waitng for a test of 61.8 fib levels @ 116.000 before entering long Trade safe

TradeHuntFx Updated 

This pair is currently breaking out of the CTL. I am going to be waiting for a couple more confirmations before entering a short position with targets down to 121.000

TradeHuntFx Updated 

Always expect the unexpected. The last trading day of 2016 and we see a 150 pip move at the start of the Asian session Regardless, it is a pleasing move and has triggered our short positions as we suspect wave 4 C (d) has been formed and we are now set to make Lower Lows

TradeHuntFx Updated 

Recent price action has indicated that we could still correct higher to 1.0600 levels. Rejection of 0.786 fib level Bullish Engulfing candle Price has put in a Higher low...Higher High is now expected Initial targets will be @ 1.05100. Take Profit level @ 1.06000

TradeHuntFx Updated 

Very strong bearish moves and shows further space to the donwside. Currently in a corrective structure we seem to be completing wave D with E expected to start and eventually break out of the structure

TradeHuntFx Updated 

Been tracking this pair for a while and after succesfully called point 'C' formation, I am inclined to call the current price as point 'D' Fib confluence has indicated we can go long... GOOD LUCK

TradeHuntFx Updated 

WIth ECB turmoil and three further rate hikes in 2017 expected for the USD...this pair could be in for a long painful road down to parity. This weekly candle close is crucial for us to have an idea how this will play out..a close and break below 1.04800 will see parity within the first quarter 2017 but a failed break out with some bullish price action could see us...

TradeHuntFx Updated 

It may be to early to call a trend reversal but there is enough reasons to short this pair here: REASONS TO SHORT: 1) Rejection off 61.8 fib retracement 2) Price is forming consecutive LH and LL 3) Nice price action off the fib level (morning star) 4) Break and retest of 50/200 EMA 5) Rejection off CTL

TradeHuntFx Updated 

Following up from the previous post.. if we don't get the clean break out we can sell from the 50% fib retracement and target 1.02500 at least. So we now have two possible enteries to short this pair. I am almost certain to say you can sell on rallies. Will parity be seen in 2017?? Please discuss....

TradeHuntFx Updated 

Very simple set up here but will test your patience...a critical skill ypou need top master tp be a succesful trader.

TradeHuntFx Updated 

This pair has recently broken out of a structure in an impuslive manner and is currently finding resistance @0.786 fib retracement. A correction is now possible however we have just seen a strong bearish move so a move to 0.73000 next isn't out of the question

TradeHuntFx

A couple of months of consolidation has held this pair above 1.19000 however it may have failed to break higher at the first hurdle. This could initiate short positions however I believe we may want to push slightly higher (1.28529) before resuming the downtrend

TradeHuntFx

This pair is now at a level where potential shorts can be initiated. My initial thoughts are that we have formed a point C after rejecting off the 0.50 fib retracement level of the larger AB boundary and we should be looking to form new Higher Highs in 2017. In the meantime, a retracement is clearly needed, with critical levels being mapped out on this chart to...