Ethan_FX

Ethan_FX

This may be a good time to get into this pair as we have seen a retest of the symmetrical triangle resistance now turned support. No major data out of either currency today.

Ethan_FX

Can we see price break higher here as the resistance of the symmetrical triangle is tested?

Ethan_FX

Can we see the completion of a head and shoulders here on cable?

Ethan_FX

My previous idea is playing out well but price could always go against up so remember to have a back up plan!

Ethan_FX

We see price retreat down to our 15m trend line. We are looking for the reversal off this trend line before we can get into our position. Price is also hovering around the 50 SMA which gives me reason to believe that we could see a reversal here. I am going to be waiting for the SMA cross for this one before jumping in. Remember always stick to your plan! Also...

Ethan_FX

Hi guys, happy Tuesday. A long position is on the cards here for the cable pair. as you can see major trend line resistance has been holding now for quite some time and price cant seem to break it try as though it might. A minor 15m resistance has started to also form on the 1.30585 area, which is where price is currently hovering. We took a nice short position...

Ethan_FX

I am going to be looking for the retest of this 15m trend line here on GBPUSD today. It seams that there is a trend correction on the cards here and we are going to try and steal as any pips as possible of of the correction. Wait for 5 and 10SMA cross before entering.

Ethan_FX

Can we see price reject the 200SMA here or will it cut straight through? If price rejects i will be looking to go long. If it cuts straight through i will be looking for the retest then going short.

Ethan_FX

Hi guys, Were currently looking for the bounce here off the trend line of GBPUSD. This is a very strong trend line and I'm certain if price reaches this again it will reject the trend line and shoot straight back up. Obviously we will wait for other entry signals before we go long: MACD going from negative to positive (the beginning of a new trend). RSI above 50...

Ethan_FX

Good morning traders and a happy Monday. Fundamental analysis: Were starting the week off with some major data events coming out of both the US and Europe. Firstly we have the German Ifo Business climate (EUR) coming out at 09:00 GMT (my local time). This has the power to move the market a substantial amount therefore i will not be entering a trade until we see...

Ethan_FX

This is where i will be placing my stop loss when the breakout is confirmed.

Ethan_FX

This ascending triangle has formed on the EURUSD chart. A break out through the resistance looks like it has happened. Now just to wait for the retest. SL will be just under the resistance and TP will be the length of the largest point of the triangle. Although we may take some profit before that happens to to guaranty our self some pips. Ignore the arrows, that...

Ethan_FX

On this AUDUSD chart you can see my resistance at 0.69887 is just about to be broken. It is looking very likely that this is going to happen. We will wait for the retest (as always) before getting to this one. Also a nice bullish candlestick patter off the retest. There is potential for a 50 pip move if this resistance is broken. Fundamentals point to a fairly...

Ethan_FX

We can see an ascending triangle forming here on USDGBP. This formation means that buyers are out performing sellers. As you can see the buyers keep pushing there lows higher but sellers cant push there highs lower. You can see my predictions on the chart with the arrow. I will be getting in on the retest of resistance turned support/the primary line of the...

Ethan_FX

This is where i am going to wait for price to reach before i get into anything

Ethan_FX

DXY has held at critical support and looks to have reacted bullishly to it. We need to see the brake of the trendline or the support before we can put any trades USD pairs. Momentum indicators and oscillators all point to a bullish move but we need some confirmation before we can expect any good entry's. Fundamentals were pretty mixed yesterday for both the USD...

Ethan_FX

All analysis and breakdown on chart. As for the fundamental side of things we are yet to see any news out of either the EUR or USD this morning. I believe the EU will only be releasing German Bundesbank Beermann Speech today which will not course too much of a dent in the market. There is a lot of data out of the US however. We will see what this will bring and...

Ethan_FX

DXY about to plummet despite the good data coming out of the US today. Inflation rate YoY (Big Data) came in above the consensus and up against the previous. Core inflation rate (Big Data) stayed at 1.2% which is on par with both the consensus and the previous. The reason for the bearish move may be due to the old saying buy the rumour sell the fact, everyone...