chiefcapitalfx

chiefcapitalfx

There's a slight sideways momentum but it looks like it will hit the resistance and most likely break resistance line ( black ) Or it could test the red resistance line and go short then break black resistance line?

chiefcapitalfx

Potential XABCD pattern has been confirmed....price has broken out of trendline and should finalise the D pattern.

chiefcapitalfx

Possible downtrend using the XABCD cypher pattern and I've also used a trendline which shows a downtrend in movement? Don't really know how to use cypher patterns so guys only give constructive criticism. Could possibly retest the trendline and go short. Take care guys and trade safely.

chiefcapitalfx

I've thoroughly described the process of my analysis with callout texts to give the traders a visual idea on when price moves up and down. Looking to see price go long between the 9000 - 9300 area.

chiefcapitalfx

Market is showing sideways momentum Either looking to go long if it breaks Resistance or go short if it retests resistance.

chiefcapitalfx

I've listed these areas (red) which managed to keep testing the resistance line twice and has worked because price has immediately feel short and dropped quite a bit after each retest. There is a lot of support as well which rallied the price up but I am confident that it will rally back down. Looking to short this Sunday evening GMT. Thank you guys and keep...

chiefcapitalfx

Good morning ladies and gentlemen and whoever doesn't fit into two genders anymore. Currently USD/CZK is showing potential downtrend. I've identified this by checking the W and D chart. W chart shows a sideways momentum whereas the D chart shows a distinctive downtrend. I have also seen a double top form which could be beneficial for the analysis. If price...

chiefcapitalfx

As you can see in the trade, I've placed the trendline showing the current momentum which is a downtrend but however, it turns into sideways momentum. Two double bottoms appear as well some strong upward move. Hoping to take profit around the 1.75 area and stop loss is placed at 1.58338. Just a noobie btw so I don't want no shtick from this but do however...