FrenchIvory

FrenchIvory Updated 

USDZAR has bounced off a Weekly/Daily support level , forming a higher low in an uptrend and bouncing off the 14 Weekly EMA . A continuation to 16.40000 (previous higher high) is expected.

FrenchIvory

CADJPY rejected an important Daily/4H resistance level after faking-out above it (which corresponds to a Weekly/Monthly wick) the SL will be put to break-even when price reaches 90.240 level, as it has acted as a strong support/resistance in the past and price could bounce up from there. The Final target is 87.800.

FrenchIvory

GBPJPY has broken above and retested a major weekly/monthly resistance. the next target is 162.430 (also matches Monthly 200EMA lvl). SL is below last lows (triple bottom on 4H T.f) (⚠️If you want to be safer, you can place your SL way below the support, at 155.100. My account's risk allocation doesn't allow that so i went for a smaller, but still structurally...

FrenchIvory

In the past week, CADJPY has broken above and retested a major Weekly/Monthly resistance for the first time in years, which indicates the trend is still healthy, and up. The next target is 98.650, althought i am planning to take some profits at the (A) pictured level, before i anticipate a potential Weekly retracement to the 91.400 support/resistance level...

FrenchIvory Updated 

Price broke above and rejected that 155.950 daily resistance level, multiple daily wick rejections as well as what can be identified as a triple bottom on the 1H prompted me to take the trade. The final trigger for was that mini support/resistance level on the 1hr (156.450) getting rejected. I put my sl right below for 20 pips (which is a bargain for GJ) totaling...

FrenchIvory Updated 

Price has started rejecting the trendline on the 4h, the higher high expected to form at 1.42300 is invalidated. im now looking to take this down to 1.34180 (sl size is only for my account's risk allocation. the correct and safer placement is at 1.38000)

FrenchIvory Updated 

EURUSD has engaged in a long term sell after hovering around 1.16670 for the past week. Price formed a triple top on the 4H and rejected the 200ema on that timeframe multiple times as well. This trade was taken on Oct. 25th at 9am GMT.

FrenchIvory Updated 

EJ is currently at the top of a bearish pennant (Monthly/Weekly T.f) the pattern is also visible on the RSI on the Mly T.f The next target is 126.800 . the target after that is 117.740 . We're currently at a fib level. If price is ever to pick up, it'll do so at this level. But i would wait for a break to the upside, then a restest and continuation before...

FrenchIvory

USDCAD previously rejected a major support/resistance level as well as a weekly fib level and the weekly 200ema. The way i trade is from one major level to another, so the next tp is 1.20255. But before that, i knew that price could stop and react to this 1.2300 support level , which it did. i entered after seeing the 1H and 4H charts were illustrating a ...

FrenchIvory

USDJPY has just rejected a major Weekly/Monthly support-resistance level. You can usually expect price to do one of two things once that happens, no matter the trend direction; retrace or breakout. My bias is and always resides with the trend , so I took advantage of this retracement (temporary move) to the 0.3 fib level to enter a short-term sell ,...

FrenchIvory

i think i'm one of the few people right now not looking to short GBPUSD, and that's because not only did we reject a major support/resistance zone (1.34000) as well as the 200EMA on the Weekly timeframe, we're currently in a uptrend. I've learned through painful lessons that you should avoid taking positions that go in the opposite direction of the current trend....