ColmoreFX

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About me Forex Trading Education, Birmingham, UK
Joined United Kingdom ColmoreFx
Markets Allocation
55 % forex 20 % cryptocurrency 25 % other
Top Mentioned Symbols
BTCUSD 10% | 2 XAUUSD 10% | 2 EURUSD 5% | 1 EURAUD 5% | 1
ColmoreFX ColmoreFX BTCUSD, D,
BTCUSD: BITCOIN...WHAT NOW?
117 0 1
BTCUSD, D
BITCOIN...WHAT NOW?

Bitcoin has come under fire again this week as yet again it reached all time highs. Along with this we saw a lot or demand in the coin grow as news and media outlets flooded the market with stories of all time highs and bubbles and what not. Taking a step back and ignoring all the waffle out there we can clearly see price rejecting the psychological level of ...

ColmoreFX ColmoreFX UK100GBP, D,
UK100GBP: FTSE100 Idea
25 0 1
UK100GBP, D
FTSE100 Idea

As we are looking for GBP to continue to gain strength we can determine we may see FTSE100 fall. Correlation shows the stronger GBP gets the more likely they FTSE100 is to go short. Looking for short opportunities into the key level and 1.618 golden fib ratio of 7190-7200 before looking for a long position.

ColmoreFX ColmoreFX GBPCAD, D, Long ,
GBPCAD: GBPCAD
17 0 1
GBPCAD, D Long
GBPCAD

Continuation Buys in order on GBPCAD as we saw GBPUSD push higher and close above the key level of 1.3300. Looking for short term short positions from the resistance zones back into the support zone for a continuation long trade.

ColmoreFX ColmoreFX LTCUSD, D, Long ,
LTCUSD: LITECOIN LONG IDEA
255 0 3
LTCUSD, D Long
LITECOIN LONG IDEA

Price broke higher and formed a new cycle high. Looking for a pullback into the support zone highlighted on the chart around $53.30 area. If we see the right conditions we could look for a buying opportunity. If we break and close below the new low we could see prices head lower but until then look for long opportunities

ColmoreFX ColmoreFX BTCUSD, D,
BTCUSD: BITCOIN WHAT NEXT?
96 0 2
BTCUSD, D
BITCOIN WHAT NEXT?

Bitcoin bounced from the $3000 zone we pointed out before. Looking at the chart technically again we could see a retracement into the $4500-$4000 zone before seeing another leg higher. If we see a strong influx of new bitcoin users this could drive demand higher and we may see only a slight adjustment before seeing further new highs.

ColmoreFX ColmoreFX EURNZD, 60, Long ,
EURNZD: EURNZD LONG IDEA
32 0 2
EURNZD, 60 Long
EURNZD LONG IDEA

Looking towards NZD weakness and looking across the cross pairs we can see that EURNZD has approached a support level. Price has come into the key support and Daily 38.2 fib of daily move. Price has taken out 4 1hr highs looking for a pullback into the highlighted zone for a long opportunity.

ColmoreFX ColmoreFX NZDUSD, 60, Short ,
NZDUSD: NZDUSD SHORT OPPORTUNITY
50 0 1
NZDUSD, 60 Short
NZDUSD SHORT OPPORTUNITY

Daily resistance level & 61.8 Daily Fib Level has been hit and the market has rejected the resistance zone. Price has now started to move lower and broken out of the consolidation area. Looking for price to pullback to minor resistance for a short opportunity.

ColmoreFX ColmoreFX XAUUSD, 240, Long ,
XAUUSD: GOLD RESUMING WEEKLY TREND?
71 0 5
XAUUSD, 240 Long
GOLD RESUMING WEEKLY TREND?

Gold has found support on the 4hr timeframe inline with structure and weekly 38.2 fib retracement. We can see that price has just broken out of the trendline resistance and expect a pullback to potentially trade bullish price action to the upside. Could potentially target a lot higher if you are looking for the weekly trend to resume.

ColmoreFX ColmoreFX WTIUSD, 240, Long ,
WTIUSD: WTIOIL WITH 8:1 REWARD TO RISK
19 0 2
WTIUSD, 240 Long
WTIOIL WITH 8:1 REWARD TO RISK

Daily chart in an uptrend making higher highs and higher lows. 4hr chart has been working within the channel and weekly pullback looking for the market to resume the trend. If we see a double bottom we could look for a break and retest of structure to take this market higher.

ColmoreFX ColmoreFX EURCAD, D, Short ,
EURCAD: EURCAD- PAIRING STRENGTH AGAINST WEAKNESS
35 0 1
EURCAD, D Short
EURCAD- PAIRING STRENGTH AGAINST WEAKNESS

As we discussed in our previous post EURO seems to be topping out as CANADIAN DOLLAR remains dominant against a number of currencies. Looking for further downside to come in this market. If price can continue to the downside and break the support level of 1.4444 this market has significant room to the downside.

ColmoreFX ColmoreFX EURUSD, D, Short ,
EURUSD: EURUSD DOWNSIDE RISK
88 0 3
EURUSD, D Short
EURUSD DOWNSIDE RISK

Traders we have been watching EURUSD for a while as it struggles to break above its previous highs and is sitting within a weekly resistance zone. We are looking for a break below the daily lows for opportunities for a short position. Weekly chart suggests a weekly retracement could be playing out. FOMC last week stated they expect to hike rates 1 more time this ...

ColmoreFX ColmoreFX CADCHF, 60, Long ,
CADCHF: CADCHF Continuation
45 0 1
CADCHF, 60 Long
CADCHF Continuation

Traders, CADCHF was brought to our attention as it came and re-tested a weekly support zone and formed a double bottom on the 1hr timeframe. We waited from the break of the neckline before looking for an opportunity for a move to the upside. We will look to add in if we get a confirmed break of the previous daily high circled. Target the resistance at the top.

ColmoreFX ColmoreFX USDSGD, D, Long ,
USDSGD: USDSGD LONG OPPORTUNITY
54 0 3
USDSGD, D Long
USDSGD LONG OPPORTUNITY

This week we are looking to get USD long as we can see potential strength re-entering the market, we have a reversal trade here on USDSGD. We have been down trending for some time and now we have hit the 1.3400 weekly support level and look to be bouncing from the level.

ColmoreFX ColmoreFX EURAUD, 240,
EURAUD: EURAUD WHATS NEXT?
24 0 0
EURAUD, 240
EURAUD WHATS NEXT?

Both Currencies are currently weak after they both came into significant resistance levels. We are now seeing consolidation on the 4hr chart. 2 possible scenarios to watch out for, a break to the downside and a re-test of 1.4835 would be suffice to look for a short trade. If we see a break of the trendline resistance to the upside we will be looking for a re-test ...

ColmoreFX ColmoreFX UKX, 60, Short ,
UKX: FTSE 100 SHORT?
57 0 0
UKX, 60 Short
FTSE 100 SHORT?

We have been looking to take advantage of the GBP strength however the move doesn't seem to want to pullback just yet. Correlating this with the FTSE100 we may be able to get into the GBP strength by shorting the FTSE100. A retracement into the 7390.00 level into previous price would be ideal for a short opportunity.

ColmoreFX ColmoreFX USDCAD, D, Short ,
USDCAD: USDCAD SHORT IDEA
35 0 0
USDCAD, D Short
USDCAD SHORT IDEA

USDCAD continued to move lower as BOC raised interest rates to 1.00% seeing investors run to the Canadian Dollar. Technically we are watching for a pullback into the lows and 38.2 fibonacci retracement before looking for a short opportunity.

ColmoreFX ColmoreFX XAUUSD, D, Short ,
XAUUSD: GOLD REVERSAL TRADE?
117 0 2
XAUUSD, D Short
GOLD REVERSAL TRADE?

Gold has entered the key resistance zone of $1340.00 and has stalled for the past 3 days leading to today's candle finishing as a bearish inside candle. Looking for a short term short position back into the key support. This is a counter trend move and will be monitored at the key support and fib levels.

ColmoreFX ColmoreFX EURGBP, 60, Short ,
EURGBP: EURGBP SHORT OPPORTUNITY
78 0 2
EURGBP, 60 Short
EURGBP SHORT OPPORTUNITY

EURGBP has been climbing to the upside for some time now as the EURO gained significant strength across the pairs. However now we are starting to see a move lower in the EURO as exhaustion enters the market. GBPUSD held at significant key support and bounced showing it may finally be heading for the 1.3300 handle. Looking at this pair we can clearly see from the ...

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