IroncladFX

IroncladFX

- MSTR was down 17.84% for the day on Friday and down 254% off ATH's set in February 2021. - Microstrategy Inc. have taken a company with $500M in revenue and book value of $500M earning 7% on equity and have borrowed $2.1 BILLION, sold $900M in Shares and Purchased $3.2 BILLION BITCOIN. - MSTR is now a company with still only $500M in revenue but now has...

01:40

IroncladFX

USDCAD closed very strong last week so it will be interesting to see if price can break above the resistance area its faced multiple times.

02:19

IroncladFX

Interesting week ahead for GBPJPY. Price at a daily support, a drop below could see price plummet 800 pips!

01:20

IroncladFX

Could be a very interesting week ahead for the Dollar.

IroncladFX

AUDUSD looking like its going to rollover after respecting a number of key levels and moving to a bearish environment. Nice R/R on this setup too

IroncladFX

Intraday probably see ETH retest the structure lows, a break and close above trendline will signal much more upside to come

IroncladFX

BTC operating in a nice upward trendline after creating a double top. We can see from the fib retracement a respect of key levels... Usually you can measure the next move by measuring the size of the first impulse but I am not going to Indulge in speculation on BTC long term targets lol. A break above current ATH's is almost inevitable in my eyes..

IroncladFX

Potentially breaking out of its month long consolidation period, price could retest previous support and turn resistance.

IroncladFX

While USDJPY is still in a bullish environment and on the higher timeframes, it will be interesting to see how price reacts to the 113.500 area. A break below could see a deeper retracement to the 112.00 area. If it holds it could provide a good opportunity to get into the longer term bull move.

01:54

IroncladFX

Breaking down USOIL. potential Sell opportunity presenting itself.

IroncladFX

Looking for a break and retest of our highlighted area for confirmation that the downtrend is still intact. Rejection of trend ine acting as a big confirmation. Will ensure market environment has shifted bearish before entries.

IroncladFX

We've seen 153.000 act as a major resistance for GBPJPY while being stuck in this descending channel. If we see this descending trend line tested again it could form a double top opening up a move to the downside. We will be keeping an eye around channel resistance.

IroncladFX

EURUAD has completed the correction phase and now that we have seen the market environment shift Bullish we can expect another impulse to the upside to continue the trend. MACD Above 0 10MA Above 20 Price executed at pivot point Targets set at 1.272 of first impulse. +3 R/R Comment below which pair you would like to see next. - Nick

IroncladFX Updated 

NZDUSD showing some textbook price action providing us with a potential opportunity to go short. A double top M pattern completing the retest of the neckline, lining up with key fib levels. We can now see momentum starting to shift with the current formation of candlesticks (shorter bodies + longer wicks). If we are to see this area hold as resistance and break...

IroncladFX

Silver is trading around an important weekly handle, looking to the left you can see how pivotal this area is. If it fails to hold we could see further downside to mid/low $23 levels. On the other hand, we are already starting to see buyers re enter the market at these discounted levels so we could see another bull rally to continue with the larger uptrend. Key...

IroncladFX

On the left hand side, we can see from the weekly timeframe that bulls have failed twice to hold above 1.42. Bears seem to be in control now and from a COT perspective we can also see long positions being taken off while shorts are being added. We can expect price to retrace back to previous resistance that is now support before we can see some larger moves to the...

IroncladFX

Im getting a familiar feeling with Gold at the moment, something similar to how I felt in June 2020 before we had a 23%+ rally in Gold prices. Now, we all know that Gold loves a break and retest of structure to flush out weak hands and keep people guessing. But if we really isolate the price action from March '21 to now we can see some textbook chart patterns...