MyFxPicks

MyFxPicks

Howdy risks-taker! I've had time to take a probing look at bitcoin this weekend and see what I think I found. I do expect some large-scale bearish activity on bitcoin in the coming weeks. The pair looks anytime ready to plummet in any case. We've been struggling to keep any bullish steam and sellers are pretty much in control. But make no mistake about it, the...

MyFxPicks

Technically NZDUSD is still pretty much bearish, and what may seem like a reversal in trend at present is to me just bullish correction before we dive further down. However, invalidation of the trade idea happens when price closes decisively above the reddish zone. which is my supply one where sell orders are accumulated.

MyFxPicks

All of last week was characterized by sellers driving the price of Gold down. Such bearish sentiment on Gold is assumed to remain intact this week, despite the expectation that a bullish correction to undo some of the previous' week selling activity may be in the works. As such the approach most technical would be to find the appropriate spot to...

MyFxPicks

I have previously interpreted USDCHF as bearish but the recent developments in price action indicate otherwise. Price is breaking out of the descending trendline into a bullish move. Such breakout may retest the previous high.

MyFxPicks

A fairly simple trade idea based on the breakout of ascending trendline signaling a probable impulsive move down. It remains to be seen whether such trendline breakout is a trend reversal or just a retracement of the current bullish wave.

MyFxPicks

Bitcoin made a quick reversal up, in what may seem like a bullish trend reversal. The accumulation of sell orders (new sellers picking tops + previous holding buyers liquidating their positions) at the high are expected to cause a bearish reaction against the buyers' wave. Such bearish reaction could be interpreted as a mere retracement and not...

MyFxPicks

Gold is intent on going down. The bearish pressure does not seem about to let up. The descending trendline measure the lower lows just got broken on a closing basis signaling the intention to continue down. However, such bearish move can be suspected to reverse sooner.

MyFxPicks

XAUUSD has been falling steadily over the past few weeks with sellers enjoying steady non-erratic daily gains. The reluctance of the pair, however, to extend the bearish bias decisively may indicate a possible bullish pregnancy.

MyFxPicks

NZDCAD seems technically geared to reverse some of the seller's gains which ensued in the previous week's price action.

MyFxPicks

USDCHF is expected to continue down this week to retest the previous low.

MyFxPicks

EURAUD is stuck at a strong local resistance. A move down may be necessary before any resumption of bullish gains.

MyFxPicks

GBPJPY's forecast this month. This price action is expected to play out as indicated.

MyFxPicks

Hello traders, It's been a while ... I hope you have all been profitable. EURGBP is a pair on my radar this week. I do expect some buying pressure to gather momentum in the following days to send the pair a bit up. Trade well and take care.

MyFxPicks

Hello risk participants This is my idea in USDCAD. The pair, inclined downward, still got some fighting spirit in it. I do expect some bull runs before the real plunge. Good luck and take care.

MyFxPicks

In our previous setup on this pair we failed to secure a move due to our being stopped out; our entry was a bit too early, and as a result we were stopped out. In this setup, although bearish overall, we are trying to catch some of the recoveries price is likely to make due to the dump. Bear in mind that the setup is a bit too risky since overall price action is...

MyFxPicks Updated 

A selling opportunity presents itself in the form of re-test of the previously broken trendline.

MyFxPicks

Hi fellow risk-takers, I hope the year has been good in terms of growth both equity-wise and mindset-wise, and are super excited and ready for 2023. My last post of 2022 features AUDUSD in which I have a long position opened already. Expectations is for the pair to heads up a bit in a 90-pip move. Good luck for next year and trade well.

MyFxPicks

The bull run in AUDCAD was fierce, strong, and impulsive. But all things come to an end. Suppliers' liquidity as indicated on the chart will most likely act as resistance and prevent the pair from going up any further. From there we may see the pair resuming its long-term downward trend. — how does one trade the pair? Wait for the FED interest rate decision,...