About meTrader with 8 years experience on FOREX & STOCKS markets. Trading for myself as a full time job and glad to share my ideas with all. If you support it, follow. Prefer FOREX, GOLD and STOCKS.
Trading with Fibonacci tools, Pivots, S&R, RSI, OBV, MA, RENKO
Hi! My name is Evgenii. Day and swing Forex trader with 8 years experience. I'm not scalper and not providing any VIP service and other BS, everything is open and for free. Follow me if you like my simple but working ideas.
Shorting GBPJPY pair which bouncing from big resistance and broke the trendline which makes me act very bearish now. My TP will be placed at 38% of Fibonacci retracement around 151.60. SL placing above the red resistance line near 153.60
Considering to buy AUDCHF after the break of the yellow resistance line up. The pair is now bouncing from major support area on daily chart combined to -27.20 level of Fibonacci extension. Oscillators started crossing and pointing up from oversold position on 30 mins chart and showing strong divergences on 4h charts. My TP will be targeted somewhere around 0.67790...
Just bought some Soy futures as it is bounced from the major support @1370 and the trendline. RSI pointing upwards and above 50% line therefore a good signal for continuation of the move. Soy just bounced from the daily pivot if you'll like to look at that as well. Target is around 1420 next big resistance where it can slow down, so I will close my position there...
NZDJPY now rejecting the lower trendline (support) and seems like heading back to the channel. I am expecting some pullback to 76.56 area and then to the resistance line upper. The indicators talking loud that the pair is extremely oversold, especially on hourly chart, RSI, MACD, and Stoch are in the divergence with buy command. If you will check Renko chart we...
Expecting potential rejection of the pair from the Major Supply Zone and pullback to the weekly central pivot around 1.2458. Stochastic and RSI showing the bearish diversion on 4hr and Daily charts therefore confirming my idea. OBV just dived below 200 MA. Stay tuned and lets see what will happen!
Pair is currently rejected from the resistance line @ 1.1845 and heading down to the main daily support and the hourly support as well at around the 1.1775 levels. A bunch of indicators headed down and confirming downtrend. I projecting it reaching of the red marked target within next 12 hours.
USDJPY is giving a positive signal for long position for the next 24-36 trading hours and I am expecting it to hit the resistance level of 110.70 within this period of time. As per my Renko strategy the green bar is above 10 MA and the OBV pointed up. RSI and Stochastic also rising from the oversold position upwards, which is a great confirmation for Buy. Stay tuned guys!
The pair reached the top of the channel and I am expecting 50% pullback before it may brake the channel above. Pair also bounces from the resistance 1,3900 and strong last week and current pivots therefore it will be difficult to brake it further. OBV is below the 200 EMA which gives negative sign here. GBP economic data was quite week this week so I see no sense...