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Here we have a Descending triangle formed, this is a bearish continuation pattern and are formed in an overall downtrend, if you get the 4h chart up and zoom out you will see we are in an overall bearish market. Descending triangles are a good signal, but we still have to watch and wait for a breakout of this triangle as nothing in Forex is guaranteed, a breakout...
From our chart you can see a STRONG resistance level ( green line ) and you can see our TP/support zone ( red box ) we are using this zone as this has been a KEY STRONG resistance turned support area in the past, this is probably where the big players and banks set orders hence why these levels are so well respected. Remember if you can change your mind-set to...
Blue line is old resistance turned new support, where price used this level as resistance we have marked with purple arrows and where this level was used as support, we have marked with orange arrows where this level was used as resistance. Price is currently at this level and we can only see upside movement on the 4h chart as the candlestick that formed and...
1.72568 resistance and 1.71336 support we placed these levels on the 4h chart, As you can see we have the 1H, 1D and 1W charts also open with these same support and resistance levels and on each different timeframe you can see they are well respected. 1H gives us a strong buy signal with an engulfing ( latest candle covers the whole of the candle before it )...
142.019 area is such a strong support ( orange arrows ) if you cant see this then go get your eyes tested and please stop trading as you will only bankrupt yourself. This level has also been used as resistance before ( purple arrows ) so we will wait for the 4h candle to close to see if we are going long like we anticipate, either way we will have orders in place...
1.72507 is a key strong resistance level as we show with our purple arrows where price has respected this level. 1.70319 area was previously used as resistance ( blue arrows ) but more recently was used as support ( orange arrows ) Price is currently sitting at resistance so again we are expecting it to respect this and bounce making movement to the downside,...
As you can see price is at a resistance level but has broken through or trendline, if price can break and close above our resistance we could be looking at a push to our zone ( red box ) We will have to wait and see how this trade plays out and update our clients accordingly. Orders can be placed a few pips above resistance level, this way if we do get a break...
As we can see there is a strong resistance line on the 4h chart ( pointed out by our purple arrows ) and we also have 2 very strong trendlines formed ( pointed out with red arrows is where price has respected these ) All analysis is pointing south of the border with bears well in control, we are expecting price to continue respecting this resistance level and...
After predicting successful long (100 pip profit), here's what I believe is next for this pair. - expecting a minor exhaustion at hourly zone - then looking for price action confirmation e.g. a bullish engulfing candle close (on 4HR TF) - then entering long until monthly yellow zone
Previously I gave out a EUR USD short signal, now this could still be valid and may still hit TP... but I can see a really strong reason as to why I think bulls will now take over and push price higher, if you are in my original sell position you will be deep into profit anyway so move SL into profit to lock in that money. From this chart we can see that the...
Price made a structural uptrend and we are following trend of DXY by going Long on this
Here we go another USD/JPY good idea for the ichimuku trade,. The yen is firmer across the board as China returns and tumbles with the central bank's move to aid economy being shrugged off and the CNH dropping to the lowest levels since mid-August. This has sparked some risk-off play in markets with US indexes in the red. Similarly, Italy continues to weigh on...
Here we have the ETH/USD bullish wedge pattern i can see this fall below the bearish cloud then going above the bullish cloud reaching the three bar minimum on the ichimuku. Maybe it something for everyone to keep an eye out for in the next coming 2 days to see if it does rise above. Comment your ideas?
Hello everyone, Sorry for this late post we forgot to post last week in our private idea box so we posting now. This was a very good move for us. we was expecting a slight short fall but it looked liked it never happened. comment below if you have any comments? Thank you Daniel.