Forrestmars

Forrestmars

Hello everyone, Looking at DXY, we can se a clear W forming. Hence the DXY was falling for whole July, we can at least expect a retracement if nothing else . We will be exiting the trade at the Number (4) And then wait if the neckline of W will serve as Support or Not. And after that we will again analyze the market and decide how to approach it. All the best...

Forrestmars

USDMXN is currently sitting on the W neckline in confluence with the 0.618 fib retracement. Looking for a buying opportunity with good probabilities. Always assess your risk and good luck to you all

Forrestmars Updated 

Hello everyone, here we have a simple setup on USDMXN where we can enter with good probabilities for a shorting opportunity. All the best and always monitor risk and exposure.

Forrestmars

On weekly we have a beautiful M formation completion with confluence of Weekly support + 0.786 fibonacci retracement. Target: Neckline of M formation at 98.30, However do take note that today there is FOMC meeting and things could get crazy. Good luck (Y)

Forrestmars

On the Daily timeframe we can see on the left side pointed with the arrow that we approached the level with the only Red candle. This can serve as a major demand zone and we could see a bounce in the DXY to the ~99 level. Good luck

Forrestmars

Hello Ladies and Gents, We have the 4H WTI Oil pulled up and we see that after the W at cca 10$ Oil made a beautiful run to the upside as expected, but now the market is trying to make a beautiful M formation with good Risk to Reward to enter Short. I will be personally looking at the 27$ - 25$ Range to exit. Good Luck and Take Care

Forrestmars

Hello everyone, this week our scaling in trades did not work out. However no need to get discouraged because there is still plenty of money to be made. From a Weekly perspective the market created a nice M formation and is near the Weekly resistance level from Jan 2017 Also we have beautiful confluence of the fibonacci 0.50 and 0.618 levels. Our target is the...

Forrestmars

Our previous setup got SL hit. The market went for a lower low which I think is the work of big Hedgefunds getting liquidity below the Weekly support, and now they will push the price higher

Forrestmars Updated 

USDMXN closed beautifully with a hammer candle closing on the 4H timeframe above the Weekly resistance. Looking to go Long from here with a good Risk Reward Ratio.

Forrestmars

We had a beautiful 4H hammer candle close and a possible inverted HS on the horizon. We also have strong weekly support around the 22.75 area which provides a good setup to go long.