AmritFX

AmritFX

London Session opened 40 minutes, personal trades covered with risk at break even. Targets set at 1.28000.

AmritFX Updated 

BTC $12,850 Fibonacci targets pending. If we can see a push into $11,100 to catch liquidity then we can seek to take long positions from there with a solid risk to reward.

AmritFX

Looking to take Longs on EURUSD if we can get a push into 1.12590 area. Risk to Reward is on this set up is superb. This trade can align with a significant weakening of the Dollar, as expected in the coming weeks.

AmritFX Updated 

AUDJPY to tap the gap area in price around 72.500. Intraday move to the upside upon a break and retest of this trendline, simple technicals.

AmritFX Updated 

Bearish structure stemming back from February 2019 is beginning to break. Minor pullback expected before blasting towards the target at 1320 OZ. Fibonacci removed for clarity purposes.

AmritFX

I would like to start this analysis off by saying I predominantly trade in the FX market, not the stock market; however, Tesla stock has been something I have followed for years even before I had knowledge on any fundamental/technical analysis. In FX I predominantly use technical analysis to maintain my overall bias on the given currency pair but as far as Tesla...

AmritFX

A clean break of this overall trendline will validate the underlying structure to take us to 1.86500. Fibonacci and other tools removed for clarity of target.

AmritFX

XAUUSD (GOLD) is looking to continue the consistent series of lower highs and lower lows, and downtrend to minimum 1290 OZ. Multiple higher timeframe Fibonacci algos play into this analysis but were removed for clarity purposes. The bar pattern tool measures a move to 1290 OZ precisely along with a descending counter trendline.

AmritFX

After an inverted head and shoulders formation on the lower timeframes, we can see a shift in trend occur. From here we align Fibonacci algorithms to obtain an entry. AUDUSD 0.71100 is the next target.

AmritFX

AUDUSD has had a retracement into a key Fibonacci area 61.8-71.0 If we can respect this area on the 4HR and see price action emulate a bearish candlestick formation we will be heading toward 0.70000 next.

AmritFX

A break of this bearish channel on AUDUSD will send us tumbling to 0.70000. Once price makes its intial move to the downside, we will see if we can hold the support of 0.70000 to swing long on AUDUSD 400-500 pips to the upside.

AmritFX

Brexit has been making GBP pairs choppy across the board, in this case GBPAUD has had a deep retracement but we have now broken out of the current bearish channel. 125 pips minimum are targeted on this pair, and a daily 4HR closure above our EMA's can give more confirmation to more bullish upside.

AmritFX

USDJPY short term target is 110.000. We can see a clean trendline break and retest, also to the confluence with a trend shift on the 2HR timeframe. Overall Daily and Weekly is still uptrend which is why we are trading this intraday, to the downside.

AmritFX

EURAUD Inverted head and shoulders pattern forming as confluence to a strong Fibonacci level. Entry plan is to scale longs on the lower time frames, whilst maintaining a great risk to reward ratio.

AmritFX

Backtesting Bars pattern, GBPJPY. Looking for a channel break, and trend continuation to the downside. Fibonacci algorithms removed for clarity purposes.

AmritFX

XRPUSD technical analysis is indicating a further bearish continuation. The series of Lower Highs made on the 4HR confluence with a number of things, one including Fibonacci algorithms that point to 0.27000 as the next target.

AmritFX

XRPUSD technical analysis is indicating a further bearish continuation. The series of Lower Highs made on the 4HR confluence with a number of things, one including Fibonacci algorithms that point to 0.27000 as the next target.

AmritFX

Eyeing a false breakout to the downside breaking my trendline, and testing our 61.8 Fibonacci level. The 61.8 area confluences with prior structure. The breakout will be monitored during pre-New York hours. Entries should plan to be taken during the New York session. Happy Trading!