alex.ofx

alex.ofx

Hi Guys, Another pennant formation showing on the USDCAD, long term price shows a downtrend (4H TF) and price is trading in a channel. If you don't know what is a pennant pattern, please check it out on the web. Lets see if the next FED meeting will push this pair higher and break out. A good idea will be to buy at the break out +20 pips entry. This will show...

alex.ofx

Hi guys, Spotted a decending triangle pattern forming on the AUDUSD 1H TF, it looks like a nice short to me for the near term. I will look to sell it to the most recent support, but ultimatly i feel AUD has more to achieve. A good idea will be to sell at the breakout of the triangle. Otherwise this trade is invalid. Tomorrow there is FED decision news so lets...

alex.ofx

Hi guys, I See a good short on the GBP against the AUD. GBP is taking alot of heat this month and with current fundimentals, GBP will see more selling pressure. There is weekly support level around the 1.8900x-1.8800. I will be looking to short it if levels close below, looking to TP at 1.618 fib level at 1.788, a good 1000pips, very nice R:R Please like and...

alex.ofx Updated 

Hi guys, This is a quick one, but EURAUD target 1.45 if breakouton the up side of the pennant formation. Quick and SImple.. Thank you and comment your ideas if you have any

alex.ofx

Hi guys, This seems like a easy one, on the daily we can see a "pennant" pattern, although not complete, but it seems like a good sign to go long. AUD has been strong for a long time now (2 weeks) as its a "safe" currency for investors, compared to EUR and USD. There is further more gain i can see and the first targer will be the monthly resistance/...

alex.ofx

Hi guys, Back after awhile, i see a nice short on EURUSD, 2.6:1 RR not too bad. Daily seems like the bulls are taking over, im looking at a short position on this, Very slow moving pair so lets see how it plays out. I can't show multi chart but on the MONTHLY, it shows a DECENDING TRIANGLE and the red trendling above shows the top of the DECENDING...

alex.ofx

Hi traders, This one in my watchlist looks good so i decided to publish it. The EURAUD broke a long term trendline support recently, and it looks like its going to retest the trendline support. Am going to look for a sell at that level. PRICE WILL CRASH A LONG WAY DOWN SO PLEASE LOOK OUT FOR THIS ONE! EASILY R:R 1:8 THANK YOU AND GOOD LUCK!!

alex.ofx

Hi traders, This looks like a good one, AUDNZD is showing a good structure, or rather a nice "flag" formation. I will look to buy at the breakout for higher highs. All other views welcomed

alex.ofx

Hi traders, Here is my view on the EURCAD, price will drop lower to complete a full "M" structure. My feeling is that it will drop go lower considering berish fundimentals. However, if price action shows price pushing higher, wait to short at higher levels. Thanks and good luck!

alex.ofx

Hi Guys, Am back from my exam week, back to more charting! AUDUSD SELL AT BREAK OUT and TP ABOVE TRENDLINE SUPPORT I have a person berish Bias on the AUD as it has been rallying for the last week, and these few days we can see some consolidation. Personally would favor a price drop considering poor ecomonic data from AUD. But the market has a funny way in...

alex.ofx

Hi Guys, Good day to you and hope everyone has a good week! Some analysis, on the DOW, price has shown to hit the 4H supply level, and i hope history will repeat itself for us to get a good short out of this. Am going to go short and hope it plays well, SL and TP are stated on the chartes with R:R a decent 1:3.5 Good luck and have a great week! Any comments or...

alex.ofx

As you can see from the charts, price is showing bullish structure. I will expect some correction as the pair has been showing gains for the few days. Looking to enter long at 4H close above 7.80 to target 0.80 in the few weeks to come. This is a GBP pip pair so price will take a little slower to get there. But hopefully we can see the EUR strengthen and push...

alex.ofx

Hi guys, GBPNZD pair seems to be trading in a range. And what we can see from here is that it fails to hit the bottom of the range. Or rather it seems like it is trying hard to get there. What can we take from this? 2 Failed attemps to go hit the bottom of the range signals a good BUY signal. What i predict will be it to shoot up towards the top of the range...

alex.ofx Updated 

Hi guys, Was scanning through the charts and AUDUSD seems interesting at the moment. I see an inverse head and shoulders on the 15M TF, and would recommend buying if there is a break of the neck line to the higher area. But best is to wait for some consolidation or correction before entry. Please comment/like or follow me if you like my work. Thank you and good luck!

alex.ofx Updated 

Hi guys, EURNZD just broke trendline support, i will be expecting a retest and consolidation around the trendline area, if it fails and closes below the 1.69xx handle, i will be going short and looking for previous lows around 1.67xx - 1.68xx This will be an interesting one, please comment if you have any other views or feedback.

alex.ofx

Hi guys, Just some analysis, GBPJPY buy set up, if it breaks the trendline, and targer will be the 0.681 anad after that the structure high of 175.xx. Break of the trendline will show a shift in the structure towards higher area. Thank you and please comment or like if it helps, will really appreciate it.

alex.ofx Updated 

Hi guys, This week has been crazy and i hope everyone is well, was just scanning my charts and this looks promising. USOIL Bullish cypher patter can be seen here at completion of D Leg, my look on this is that this will fall to meet its previous lows of 29.xx 28.xx It might take awhile but looking at CAD pairs, very berish bias. So hopefully this will work out...

alex.ofx Updated 

Hi guys, EURAUD seems to be showing an inverse H&S pattern, might be a good one to catch. Currently 4H candle is very bullish so i will wait for some consolidation for a buy entry. Becareful on this one as EUR has been rising a lot this week, a wait for a pull back at the neckline for a buy will be the most ideal. Targer will be structure high of around 1.6xx