arcofx

arcofx Updated 

Hello traders, Market looks to be consolidating on the monthly and weekly chart, though, a potential downtrend may occur if price respects the weekly supply zone. Confirmation has been made where supply zone shows there are willing sellers, my setup is shorting the pullback.

arcofx Updated 

Price is approaching a weekly supply zone because we're in a downtrend in the weekly , hence supply zones are more focused now. Downtrend broken in the daily , price seems to press higher, over-extended & far away from the mean value . The impulse is so high now. I reckon a HL will be created before reaching the supply zone. Nevertheless, let's talk the odds....

arcofx Updated 

Found a sweet opportunity to enter the market for those who've missed the train for longs. Spotted a 4-hourly demand zone resting right at the support level. Level was resistance before breakout. quite strong level too.

arcofx Updated 

AUDNZD approaching a daily demand zone that has formed from a bullish engulfing candle, produced from weekly demand zone reaction. Buying on pullback. 1:3 RR ratio.

arcofx Updated 

Here's a pair I haven't trade for a very long time, the USDCHF. Price is in a downtrend in the daily. Now price has reached a significant support level + weekly demand zone that has produced two weekly bullish engulfing patterns. We could see a potential burst of price movement to the upside. If a trend-break occurs, look out for the pullback.

arcofx Updated 

Price reached a support level + weekly demand zone. Produced 2 inside day candles right at the trendline. Wait for the market to give its call. Going long on it's pullback.

arcofx Updated 

Shorting the AUDUSD. Daily trend is downwards. Price is at mean price at this moment. The pair dropped close at the end of April, and now it's pulling back and retesting structure. A bearish pinbar has formed in the 4-hourly timeframe. We'll see where the market brings us this time. Targeting a decent 1:3 RR ratio.

arcofx

Same as my recent GBPCAD analysis

arcofx

Price is coming near weekly resistance level. Looking to short this if there is price action happening later on.

arcofx Updated 

Price has been consolidating for the past weeks now. NFP happened yesterday, pushing price down but with the bulls around, it managed to push price back up, producing a very strong rejection candle, signalling me to take a long trade once London opens this Monday.

arcofx Updated 

Price is reaching a significant support level. Same as GBPUSD, waiting for price action.

arcofx Updated 

GBPUSD has moved up quite high, approaching a weekly resistance level. 20 EMA left behind about 200pips. Potential reversal on this chart. Waiting patiently for price action to produce some sort of reversal pattern.

arcofx

Chart is self explanatory. Swing point confluences with the 50% Fibonacci Retracement.

arcofx Updated 

Currently unaware on how to use cipher pattern but I grasp the concept of it. From the chart, I see a clear X-A-B-C-D . Now all I have to do is wait for price to reach that area to trigger long .

arcofx

Price has been consolidating under the resistance level for quite a while. An inside day candle has formed over the broken trendline, signalling a change of momentum. Might see a reversal down. Took my trade short.

arcofx

Price has reached my expectation. It has pulled back for a retest and produced a rejection candle with a wick 4x longer than its body, signalling bulls are still defending their turf. Target may be on the next resistance level around the 1.10180s

arcofx Updated 

Price has formed a pretty nice shoulder and head. Now waiting on price action confirmation for the second shoulder to form. This looks great to short. Another catalyst is the broken trendline, indicating a reversal of trend. Let's wait for London to open and see how this trade will do!

arcofx Updated 

Quite self-explanatory. Price made a strong breakout up to the 1.09000s (1), consolidates and creates a shoulder-head-shoulder pattern on the chart. Now currently waiting on price action reacting from the swing point (black line) and may bring price down back to the strong resistance line flipped from support (2). Thereon, again, depending on price action,...