MichaelDForex

MichaelDForex

Short term buy and then short, Right shoulder on H&S formation.

MichaelDForex

EURCHF - Daily bullish engulfing candle - Price is breaking a major downtrend - Bullish divergence

MichaelDForex

Possible break on USDCHF may be occurring soon. Previous order block was hit and now we see price close to breaking. If breaks will move to next zone.

MichaelDForex

Daily gap on Amazon, sell stop in place to cover gap. This gap may be filled sometime soon or in this quarter.

MichaelDForex

Order block on the 4 hour. Looking for price to retest the break of trend. Equal lows below for price to break. On the weekly there was an buy order block from last September that's been hit a few times, I am predicting that price will now break this block and continue it's move down.

MichaelDForex

4 hour order block - 2 hour block exists below, price may touch here - currently price is on trend - liquidity above for price to continue uptrend - GA is ready to buy

MichaelDForex

Retest of retracement for GN on the 2 hour. Price is on trend, this is ready to buy Equal highs above for price to take out Hard resistance for price to create new support on.

MichaelDForex

Looking for a short on AUDJPY - Momentum is slowing - Price is coming to a previous pull back - Short would be near critical price zone - Waiting for rejection and bearish engulfing near entry zone.

MichaelDForex

NZDJPY 4 hour - Currently NZDJOY is in an uptrend. - Price is coming near previous pullback which intersects with the 61 and 71 fib level. - The pink ellipses outlines a head and shoulder formation with the current price being the right shoulder head. - If price creates a H&S formation, NJ will come back to the major daily uptrend line before breaking and...

MichaelDForex

- Order block on the 2 hour has been highlighted. - The large trend line is a daily trend line (blue) where we have a possible third touch on trend. - Support is currently being created on this block. - I expect price to take off once it nears the daily trend. - TPs are at previous highs. Since we are looking on a larger trend line, Stop Loss is adjusted to be...

MichaelDForex

- Block creation when bearish candle broke lows with a bullish candle breaking highs. - Looking for a third touch to trend - Finding entry at around 7870 - TPs at previous high at 8400 and 9000, with third TP open

MichaelDForex Updated 

CADJPY 4 hour - CAD forecast is bullish so this setup may not hold. - Looking for a shorting opportunity mid week.

MichaelDForex

- Divergence has formed on the 8 hour, price is touching trend as well. - Equal lows broken right around 0.90000. Right shoulder may complete here for a head and shoulders formation. The right shoulder would come to the 71 fib level.

MichaelDForex Updated 

GBPCHF 4 hour order block - This trade is active. TPs at previous highs. First TP at 1.27500.

MichaelDForex

12 hour order block

MichaelDForex

GBPNZD - 12 hour time frame - Long block on the 12 hour and Daily. - Momentum on the downtrend has slowed and is now creating support off the block and trend line. - I do not follow news religiously but BREXIT appears to be happening which would strengthen the pound and NZD may be looking for a retrace as highs are being hit on many NZD pairs. - I highlighted two...

MichaelDForex

USDCAD - Bullish engulfing creating an order block - Price currently creating support off trend - Looking for price to hit at least 1.32000 mark before continuing up / retracing - There is bullish USD news this week which could be our catalyst for a move upward - SL placed below previous lows at 1.30050 / Entry at 1.30650

MichaelDForex

Long Block on EURCHF 4 hour. Multiple lows were broken with a bullish engulfing breaking trend. Looking to enter on retest. 30 pip stop loss, will hold until equal highs are broken. TPS at every 30 pips.