Updated version to our initial Blue FX Trend Strategy
What has changed?
This version is specifically coded for trading off the H1 timeframe, with the H4 confluence automatically built in.
This means that we increase our probability and confluence by ensuring that price has closed above or below on the last H4 candle.
The main update here though it the...
Wave 4 Pullback to 0.382 Fib... wait for confirmation.
We could potentially see a wave 5, produce a higher high
Clean as possible 🦈
Comment your opinion below
usdchf formed a nice hammer head weekly closure at support so I am looking for this pair to come up to test the 0.99 psychological level which confluences with the 786 fibonacci from the recent lower swing high. the pair is still in a downtrend but if strength in the usd kicks in we might be able to break the recent swing high, forming a higher high. however TP...
USOIL is on my watchlist for this week ahead, my long term bias is still bearish on this pair but from the weekly closure I don't see any current short plays as the rejection at 57.00 making the recent lower high was a nice short to take. I am looking now for usoil to continue this downward trend and come into my demand zone of 51.0 to 51.5, if this is to play out...
This is a long trade which we are going to trade on the other hand there is a ascending channel the the USD/JPY just broke on the chart giving signals or selling but with this we will stick with long
Technically, however, the Yen appears to have something of an advantage now. USD/JPY has slipped quite dramatically below the strong, newish uptrend channel that...
Here we have the EUR/CAD on the ichimuku chart we feel that this will be a bearish day for the EUR
we feel that this will fall down to around 400 - 700 points.
Comment if you feel different
Current decline we see suggests that EURUSD did topped at its 50% fibonacci correction. Price already broke past the yellow channel's outer boundary which means that the trend is bearish once again.
Happy trading everyone!
