Ironclad_Investments

Ironclad_Investments

We were expecting a triple top formation to form but now we have confirmation of this downward channel. If we can see price break through our minor support area then we could expect further weakness from the dollar across the board.

Ironclad_Investments

We've closed in on the 4hr chart here for a closer look into price action. We can clearly see the stronger support and resistance highlighted and at this moment price is trading within this range, in this zone we have some key psychological levels and minor s/r areas too. If we also notice the 200 MA, it is acting as a dynamic support - all something we are...

Ironclad_Investments

Potential triple top forming on the dollar index. If we see a rejection from this third top then we will see some dollar weakness across the board.

Ironclad_Investments

Price retracing into key fib levels from the recent 500pip rally. Also at first area of support. High probability trade setup here offering a 3.2 R/R.

Ironclad_Investments

EURUSD Pulling back from recent highs after failing to breakthrough 1.01. We're currently seeing a rejection from key fibs and our support area. We are now looking on the 4HR for entry opportunities if this area does hold and we see a push over the 200MA. Targets would be to retest the previous highs.

Ironclad_Investments

Pullback lining up with key fibs and previous support levels. We're in a long position from 1.77 and looking to add another position if we can get some confirmation on the 4HR around this area.

Ironclad_Investments

100% retracement of last weeks gains and also breaking through our predicted pullback area. Could price be creating a triple bottom pattern and accumulate a stronger bullish move from this area?

Ironclad_Investments

After a +400 pip recovery on GBPNZD, price advanced towards 2.07000 a strong previous resistance. From this area we've seen a bearish engulfing candlestick and strong rejection from this area. If sterling is retracing and banks are pushing price lower in order to reload buy at better prices then we could expect price to enter into our highlighted area before...

Ironclad_Investments

During the last trading session we saw the pound breakout of the consolidating range it was in and rally 350 pips. Price has now retraced due to profit taking, hitting a minor resistance and is now retesting the broken structure. Price is also lining up with fib levels all pointing towards another rally higher for the sterling next week. If we see buying pressure...

Ironclad_Investments

For the past 3 weeks EURGBP has been trapped consolidating in a relatively tight range. Most recently, price has bounced from the support of this range around 0.87000 and is heading towards the resistance of the structure. Next week we will be looking if price can break through the resistance or if it will reject this area once again and head to test support...

Ironclad_Investments

Gold has been very difficult to trade recently, being very choppy and trading within a relatively tight range. We saw on the last trading session of last week price dip into the major supply zone again, and then a strong bullish reaction from this area. The daily close was a bullish candlestick and managed to close above the 1700 handle which is acting as a key...

Ironclad_Investments

Double top pattern on the dollar index. A breakout from the neckline would suggest downside and some dollar weakness across the board. Alternatively, we could be witnessing a fake-out. On the daily time frame, there are multiple confluences around the next support level including a 200day MA, key fib level while also being at a key psychological level. Either way,...

Ironclad_Investments

Here we can see the 200 MA acting as a dynamic resistance. If we see a pullback into the 38.2 fib level of the recent push higher, which also lines up with a major support zone on higher timeframes then we could look for entries to go long. From a COT perspective banks continue to add positions to the Euro as market sentiment seems to be improving due to...

Ironclad_Investments

Price currently at resistance, offering a low risk - high reward setup. We will be looking next week if we can see any rejection signs from this area. From a COT perspective banks continue to reduce their exposure to sterling despite the recent gains. CAD is entering oversold territory and could see some relief going into next week.

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Head and shoulders pattern. Early in the London session we saw 1.24 broken from strong selling pressure after price was unable to break above 1.25. On the lower time frames we've seen price retrace into the mid 1.24 levels lining up with key Fibonacci levels and have entered a sell around these significant levels. If price can push through 1.24, invalidate the...

Ironclad_Investments

From its peak on 16th March, within less than 2 months we've seen price drop -16%. However, from this chart pattern we could expect to see a reversal and from a COT perspective banks are now adding Euro longs while reducing their Australian dollar holdings which could also suggest that the market could be bottoming out and attempt to create a base. We are keeping...

Ironclad_Investments

As we've recently broke through a major support level, we can expect to see a pullback for reload sellers to enter the market to continue to push price lower. If price enters our zone we will be looking for shorts with targets around 1.77.

Ironclad_Investments

Key level 117 has been broken and as long as price remains below this price we could see some further downside. Looking for a pullback into the highlighted area for an opportunity to short.