DMartin-

DMartin-

Good afternoon traders, I see an interesting scenario forming on this currency pair. In case of a bearish outlook I'll be looking at the current trendline to break and have a corrective pattern forming and I'll be looking then to sell with the 3 Take profit levels marked. in terms of fundamentals a Brexit deal will definitely affect the direction of the...

DMartin-

Good afternoon traders, I am finally back with some analysis. I am looking at this currency pair for a while now and I see a continuation pattern to the downside forming on the current support. Is this currency pair ready to break the channel?? let me know what you think. Wait for a break to the downside before placing a trade to stay safe or you can go the...

DMartin-

Good afternoon all, One of my possible entries today on GBP/DKK. 1. Price has formed a rejection on the resistance line with a Divergence. 2. The 4H candle shows a bearish engulfing pattern 3. The market is in a range so could be traded in this tight consolidation Please always carry out your own analysis and be sure of using proper risk management. This is...

DMartin-

Good evening all, As we begin the trading week I wanted to share my analysis on NZDCAD. I am looking to short this currency pair for few reasons: 1. Price has approached the Daily resistance line and showed some form of rejection 2. Price has moved away quite quickly so I am expecting a re-test of the previous consolidation before making any other moves. 3....

DMartin-

Good afternoon all, I am looking at this currency pair forecasting a possible buy. What am I looking at: 1. Price is currently still in an uptrend 2. Price hasn't formed a Lower Low 3. I see a possibility of a Head and Shoulders forming here I'll be looking to enter at the Minor Resistance area when I see some clear CONSOLIDATION at 1.0680. My SL will be...

DMartin-

Good afternoon all, I hope you are well and ready to start another week. I am currently looking at this currency pair forecasting a sell. My reasons to enter: 1. Price failed to stay at the current Resistance line and headed back down. 2. Price formed a Head & Shoulders pattern 3. The pattern sits right above the previous Minor Resistance which turned...

DMartin-

Good afternoon traders, I am currently looking to enter this pair on Monday or Tuesday if I have the right confirmations. So far this is what we know: 1.The price on the 8H chart is currently at a strong resistance area/supply zone. 2.Price has formed a bearish engulfing pattern. 3. Friday candlestick was a doji candle. Do not rush to enter the trade and make...

DMartin-

Good afternoon traders, I am currently looking at this currency pair forecasting a sell. We have had a descending triangle (showing loss of momentum to the upside. Why am I looking to enter? 1. Price broke the weekly support already some time ago turning into a resistance. 2. I expect it to make a pullback towards the "area of interest" 17.20-17.31 before...

DMartin-

Good evening traders, I am currently looking at this chart possibly shorting it. The price is currently in a range. The resistance prevented price to go higher. I am "predicting" a short position from 1.0940. Pull back from this current level to eventually hit the TP at 1.08. My reasons to enter this trade: 1. The price is currently in a downtrend 2. It...

DMartin-

Good evening traders, I am currently looking at this currency pair predicting a short. My few reasons for doing so: 1. Market has been in this 250 pip range for quite a long time and this can be observed on a daily timeframe too. 2. We just had a rejection of higher prices meaning our resistance area is still valid. 3. Price created a bearish engulfing pattern...

DMartin-

Good afternoon traders, I am looking at this currency pair forecasting a sell. As a general rule All gaps must be filled so I expect price to come back into the 1.8850 area before making another run down. Few things I consider in this pair and many others: 1. The currency pair is bearish so going against the trend in a short term buy can be very risky (trend...

DMartin-

Good afternoon all, I am currently long on this currency pair as I see going up towards the previous resistance level set on the 1st of May. Reasons to consider buying: 1. Price is currently above the 50 MA 2. Price broke through the Resistance level and came back to re test possibly turning it into a new support. 3. Did price form a bullish flag? Always do...

DMartin-

I posted yesterday a chart about this currency pair however I didn't see the right confirmations so I haven't entered. My forecast for this currency is still bearish as long as it does not break and close above resistance. The alternative analysis which I made for this pair is the Elliott wave count where as a rule wave 1 never enters price territory of wave 4...

DMartin-

This is a similar set up to the one I posted recently. we have a descending channel. price is currently on a strong resistance area. Reasons to consider entering on a sell: 1. Divergence on our RSI 2. Price hit off the trend line 3. market is currently in a downtrend 4. Some form of clear rejection of higher prices is forming Make sure to do your own research...

DMartin-

Good morning everyone. I am looking at this currency pair to go short for a number of reasons: 1. Price has been forming Lower Highs and Lower Lows for quite a long period of time 2. Price seems to have bounced off current trend line channel 3. Our RSI shows divergence Always carry out your own research before placing a trade and be sure of using risk management.

DMartin-

Good morning traders, this currency pair is currently in a descending channel so I expect it to sell for few easy pips, we do have a clear rejection of higher prices and a doji bar forming on the current trend line on the 2h chart. My stop is at 6.9165 and TP at 6.85. always do your own research before placing a trade.

DMartin-

good evening traders, I am looking currently at this currency pair as I am trying to understand where it will go next. The price is currently quite a distance away from support and resistance areas. Are you long or short?

DMartin-

Good morning traders, we have an interesting scenario with this currency pair as it is currently on the main support level (daily chart) but we do have our own support and resistance inside it. Price has made a move towards the current minor resistance, with some hold to and forming a triangle of nearly equal highs. 3 reasons to enter: 1. The price is currently...