CyberFxTrader

CyberFxTrader

In my opinion USDJPY may be the best pair to trade for the rest of this year. I was looking at the performance of every major trading pairs from last year, and USDJPY is indeed the pair out of all to have the clearest trend consistency. I've seen how it's been acting all crazy and risky with all the big spikes lately, but that's just the side effects of being the...

CyberFxTrader

Looks like nice structure is forming here on the French cash index, it's a strong support zone shown to be valid because of two strong reactions last week.

CyberFxTrader

I haven't posted a lot, but I just felt like posting this move, because it's such a big potential here. It is pretty clearly a remarkably and strong resistance zone which has been shown to have big reactions to, within these 3 and a half years. It is finally trying to break above, it seems. So my guess here is that it'll go at least 4500 pips above since it seems...

CyberFxTrader

Forex and trading in general is all about recurrent movements. Here's an example: two of the pullbacks looks similar to each other, the main difference is just the time it used to develop. Price already has broken above pullback, so the chance is higher for it to move up to the same height as last. See if it makes a for example a flag pattern as drawn, then maybe...

CyberFxTrader

EURJPY is showing strength up. Pattern to comfirm is ascending channel. I drew two lines within to show how pullback is pulling.

CyberFxTrader

I expect EUR to power over USD in the next couple of days because of the most recent and previous data. I marked two channel patterns, market likes and tends to try and replicate previous movements and I see them to be significant in terms of structure and momentum. For the whole September month, the price has been in a downtrend, as the October month started,...

CyberFxTrader

This is first and foremost a pretty clean symmetrical triangle. It looks like a valid break up with a retest as well.

CyberFxTrader

I think it's safe to assume that this looks like a reversal. The pattern is called symmetrical triangle and price broke above which indicates that more buyers are in the game. Gg and good luck.

CyberFxTrader

Now the price looks to be in a pullback phase because it is showing momentum down in this major uptrend. Price might be attracted to support level, and it will have a good chance of continuing up in that zone. That's what the rules of trading are anyway — trade with the trend. If price goes past support level, it then becomes resistance and will have a higher...

CyberFxTrader

This can be a potential triangle pattern. It is drawn two lines between the strongest and most recent reaction zones. I think the price will bounce back up to create a third touch in center where the two lines crosses before making its way down in the major trend.

CyberFxTrader

It looks like the trend way goes down, and currently it shows signs of forming a pullback, I'll look for a short position once the pullback is over.

CyberFxTrader

EUR are seemingly gaining control over USD. I suggest looking for buying opportunities as long as the trend is up.

CyberFxTrader

This is a simple descending triangle pattern. Major trend is down. Simple market structure + major trend = increased win rate.

CyberFxTrader

If we look on the bigger picture, then we can see that all the way to the left, there is a ray-line pointing from a major high, and down to a lower high. When price came back at the ray-line for the third time, it then broke through. Around one month passed before it came back for a retest, with a double bottom. It had a nice retest with good reaction so far. It...

CyberFxTrader

For the past four days, it's clear that it's been going up. I also see this as a good buying opportunity because of the markets' attraction to the previous major pullback all the way to the left.

CyberFxTrader

This looks like a bearish expanding triangle pattern. The bottom part has shown a strong validation with three touches with strong reactions, next up is to see if it does the same on the upside to make it complete.

CyberFxTrader

Might be a good buy opportunity here on AUDUSD. As you can see, price have been bouncing back and forth for some time. I'm looking to buy once again in this upward channel for I shall hope for it to do it once again. I should also mention that it is forming the three white soldiers candlestick pattern.

CyberFxTrader

UJ seem to make a pretty smooth fib reaction on one-hour timeframe which is the most popular time frame. I see this as a buying opportunity because the major momentum is up. You can see trend going from bottom left and up. If this Fibonacci is placed right, then we do have 105 to 155 pips on our hands.