fxprodigy_101

fxprodigy_101 Updated 

After finding resistance at 110.810 after NFP and Consumer index led by the bears ,USD could fall slightly ,perhaps a minor pullback prior Fed's meeting minutes. A short position can be taken on the basis of 1:3 reward ratio . Entry @110.400 with SL @110.700 and TP @109.500 .

fxprodigy_101

I've waited for the opening bell movement to post this idea, the Wednesday dip was well set to complete the formation of the bullish flag that has formed on the daily chart of Dow Jones Industrial Average. With the Job date due tomorrow I don't see why we cannot expect breakout thus seeing the continuation into the ATHs. Note that the pattern is only visible on...

fxprodigy_101

Delayed publication,Still valid. After a double top on the Houly timeframes ,however on the weekly timeframe a more convicing price pattern appeared, a bullish crab pattern which in turn substanciated the bearish move, our entry level was at the very top, $1831.10 . With NFP in a couple of days ,i can expect XAUUSD to take the downhill route .

fxprodigy_101

With a bearish pressure despite economic recoveries ,Tesla has formed a somewhat Bearish Pennant with it's recent dip despite indexes hitting ATHs. with a level of confluence at price $621 having 38.2% retracement and 61.8% expansion ,with price $600.00 holding onto 23.6% of the retracement level ,thus giving more confidence and validation to the bearish pennant...

fxprodigy_101 Updated 

Few hours before the BanK Of Canada release of the Interest Rate statement ,having NZDCAD finding resistace on dynamic basis and classically on the 50% Fibonacci retracement level on price : 0.87200 . A short position was taken @ 0.87150 on a 1:3 R2R

fxprodigy_101 Updated 

To the moon !

fxprodigy_101 Updated 

Few hours prior the BOC Interest rate statement we find CADJPY hovering above a major support level 90.300 ,aided with 61.8% of the fibonacci retracement which portray an strong demand zone with bullish confluence.

fxprodigy_101

An update on the APPL head&shoulder ...I had to dignify and justify the previous analysis with market principles ,which of course is the powerful Elliot wave principle ,and currently we're on the corrective down-turn . All fibnacci levels have been respected in the course of the 5 wave structure thus substantiating the expected bearish move, however the prevailing...

fxprodigy_101

Despite bullish optimism and the prevailing bullish sentiments AAPL (Apple Inc) Share formed a bearish signal with a Head&Shoulder Price pattern!

fxprodigy_101

A higher time-framed bearish pennant has formed ,with CAD Interest rate statement underway ,we can expect the continuation to be executed by the bear and taking charge for a considerably long period towards the 1.40000 levels. Not only the fibonacci levels have proclaimed the movement but also strong support has been immuted into a resistance which is holding...

fxprodigy_101 Updated 

After a strong bullish impulse on 20 May ,Dow pulled back from the Predominant bullish trend towards the Closing Bell and Asian session opening , and had a convergence of the support and resistance levels ,forming a Bullish Wedge pattern with a break-out level @ Price 34175 .

06:03

fxprodigy_101 Updated 

Having found strong resistance level on 1900+ price ,gold signaled a down trend move days prior NFP . In the process it broke out of the pitchfork channel and establishing resistance at 38.2% and support at 61.8%of the andrew's. On a retracement perspective ,NFP movement can be considered as a pullback from the channel break as it found resistance on the 78.6% of...