ForexPortal

ForexPortal

We will be looking to Long the AUDCAD, as the golden-cross that has emerged indicates an increase in the strength of the bulls. We also seem to have reached a Short-Term Resistance & also we are @61.80% fib retracement so a correction or a pull back was expected here for traders to rejoin the uptrend. We are expecting a type of setup to emerge here in order to...

ForexPortal

The EURCAD looks to have formed for us a very neat Double Bottom. The Ascending Channel confirms a bullish environment also looks like there's a Golden-Cross in the making which would just add more confluence to the trade. As usual,around the entry zone we should expect some sort of Price Action to dictate our participation in the trade. Trade Wisely :-)

ForexPortal

We have head & shoulders formation,on the other hand we have a descending channel which indicates the bearish nature of the right shoulders adding confluence to the strength of the bears, we also have a neat golden-cross that formed. On the 20th the 4hr EMA acted as strong resistance with a nice Hanging-Man for confluence. We will wait for price action at the...

ForexPortal

We have broken out of a descending triangle on the Daily chart and it seems like the bears are showing some strength which might push the market towards the significant zone/area. We won't be entering until Price Action has given us a clue to do so,we expect this to happen at the entry zone. NB: We have a lot of people enquiring about the specific price action we...

ForexPortal

We are looking to go long upon the breakout of the descending slope, we have 4-hr EMA that could be creating a nice dynamic support for us to the upside. At the entry zone we will be waiting for price action. note:We are within an Ascending Triangle on a Daily chart, so we are expecting a breakout to the upside but that's long term it could take quite a few days...

ForexPortal

We are currently in a corrective environment and seem to be completing the A leg of the ABC move of the Elliot Wave.Whatsmore is that the pair has formed what seems to be a flag at the moment. As per norm we will be waiting for Price Action at entry zone

ForexPortal

GBPJPY seems to be setting up for a bullish motion, we also have a bullish-pin-bar that has been formed. At the Entry-Zone we will be waiting for our price action to dictate our entrance. Trade Wisely :-)

ForexPortal

The USDZAR might experience an up rally but as I always say we first wait for price action to tell us what to do. Most Likely To Happen(green), Least Likely To Happen(red) .

ForexPortal

Word Of Advice: As traders we are opportunists, so whether a trade goes against/for our sentiments we should capitalize on it regardless. Now as for this pair we are waiting for specific price action to get into the trade until then we remain neutral. Stay Tuned For Updates & Goodluck :-)

ForexPortal

We are currently waiting for price to break and close below the descending triangle, of which right after that we will wait for specific price action to enter the trade. Stay Tuned for updates :-)

ForexPortal

1.Lower low has been intercepted and that signals an end of the downtrend and a beginning of an uptrend 2. The descending channel has experienced a breakout and a slight retest with a strong price action signal for traders to join in. 3. The 4hr-EMA has provided a dynamic support for us and confirmed an upward trend. 4. Price made a slight pullback(@50% Fib...

ForexPortal

Currently standing are three levels of confluence, which are in line with our short sentiment this week. However due to the Price Action being indicative of a change in direction to the upside and a potential dynamic support provided by the 4hr-EMA we will be patiently waiting for the market to perform in our favour then enter as planned if price breaks above the...

ForexPortal

Highlighted in yellow is really just a textbook Price Action Signal, this is really where you want to be trading textbook knowledge. The Bullish Pinbar signals major rejection from the market and a possible move to the upside. To add more confluence there is a Bullish Divergence that has formed, the only thing wrong here is trading opposite to the path of least...

ForexPortal

We are currently awaiting a minor breakout to the upside of the consolidation phase of the GBPJPY, it might find resistance towards the 4hr EMA and "event area" . But right now we are only interested in the breakout to the upside. Only price action will determine whether we enter a trade or not, this is merely a skeletal outline of what we might do and a window to...

ForexPortal

bullish divergence is a sure sign of latent strength, also exposes the arriving weakness/exhaustion of the BEARS. Look out for the possible direction change from downtrend to uptrend. As for us we are looking to go long as soon as price closes above the minor support. Trade With Care :-)

ForexPortal

nice short opportunity on the CADJPY as lower highs have been invalidated by the bearish pin bar.

ForexPortal

Great long term support at 0.83296. Downward momentum creating lower highs and hopefully lower lows if prices break below the support line. I'm looking to go short if I see a short signal. If prices break above the trendline I would go long and set a target at 0.618. Let's see out it plays out ye. :)

ForexPortal Updated 

Test support before long opportunity. :)