alex.ofx

alex.ofx Updated 

HI guys, Just my analysis on AUDUSD short term 15min charts. After market reaction from RBA on interest rate, i can see this pair going lower. Price is consolidation around the 0.76x area, and i see a drop soon more then a rise. I will sell after the break of the long term resistance and aim for previous structure lows. Please maintain good risk management and...

alex.ofx Updated 

Hi guys, im back from the weekend Just a simple chart to start off. I still have a berish bias on the EURAUD 1H TF and overall outlook (see my other analysis 4H TF) As you can see price respected the 200 day EMA (White line aka MAYO) in the past and just a few hours ago, it rejected again. Now we look at the 50 period EMA (blue line), if price closes below on...

alex.ofx Updated 

Hi Guys, GBPUSD 1H TF seems to me like its trying to break out of the ascending triangle. I would say a close above 1.4365 (1H TF OR 4H TF) will indicate that this is not a false breakout, and more upside can be seen. Target will be the 1.618 extention, or whole number resistance (1.45) Please comment or like if it helps, i am open to any critics as well (:...

alex.ofx Updated 

Hi guys, My bias on AUDUSD, 7.04 seems to be hard to break, my plan is to see more downside to this pair. 1) Double Top 2) Price touched 0.704 many times and unable to break it 3) Patterns hopefully repeats itself Price bounced off the .618 retracement and is heading towards the 0.7 price handle. This pair is good to watch for the next few days. A break of the...

alex.ofx

HI guys, One of my favourite pairs, EURGBP seems to still be bullish dispite the bears coming in. Price rejected up trend channel resistance a couple of times, which shows bullish power is still in play. Structure shows price rejection at the 0.618 retacement so that is a key level to watch. Personally would go long and TP1 just below the 0,618 level (0.7250)...

alex.ofx

Hi guys, good morning to you. GBPNZD seems to be breaking out of a descending triangle, with the BULLS in control. This could play out very nicely for the upside towards 2.24. Price can't seem to break to base of the triangle, only once, but it quickly reversed. I would go long after some consolidation. But becareful!!! RBNZ meeting and interest rate decision...

alex.ofx Updated 

Hi guys, Long on GBPUSD. As you can see, price touched and bounced off the .618 retracement level on the 4H TF, and there is a trendline break towards the upside. Might be a a little late on this but i expect it to push higher over the next few days. Please commend and guide me along the way. An a new trader (: Thanks all and have fun

alex.ofx

Hi traders, This head and sholders pattern is quite clear, and i guess many of you have spot it. EURAUD on the 4H TF at the .618 retracement shows hard to break. My prediction is that there will be some consolidation and price will drop down towards the 1.500 handle. Lets see how this plays out! WILL PLAN TO GO SHORT AT THE BREAK OF NECKLINE (AKA. 0.618 LVL)...