MaxFaulkner

MaxFaulkner

Here is the 4H EURUSD chart. Currently price has found its way down to my 1.06 zone where price recently broke through previous resistance and set that previous resistance as a support zone as shown on my chart. I am expecting a move upwards from this level, up through my ideal entry point and towards my 3 targets. Each trade will be taken with a 0.5% risk if...

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Very simple one here but very strong. CHFJPY has continually been forced down by this trendline. Price has now risen to the point where I think it will struggle to progress any further. The steep upwards trendline is at the point where it should be broken by the stronger downtrending one and if it does, the will be perfect time to enter this sell. Wait for a...

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Just a quick, super simple one here. We've got NZDUSD appearing to be rangebound in this hourly timeframe between 0.633 and 0.628. I have just dropped 2 levels on my chart and i'm looking for some short term bullish bias. If we get this bullish move, more specifically a test and rejection of 0.628, I will look to enter long up to my targeted area before looking...

MaxFaulkner

Here we see the 4H chart for EURUSD. We can see a clear bullish channel with two ascending lines acting as support and resistance for the pair. Price has just been pushed away from the 1.1411 level making a new high and now price is pushing towards the support level. With a previous level being spotted at 1.1258, this adds confluence to the trade and gives us more...

MaxFaulkner

On the 29th of May I set up a buy order on EURUSD and today hit my take profit of 83 pips. Here are a few reasons I took the trade that you may be able to learn from. Firstly, we can see the clear level formed at 1.11291: Although I usually try to not enter long trades in a clearly bearish market, this level had clearly been a problem in the past as price has...

MaxFaulkner Updated 

This is my current analysis on CADJPY. We can see a strong, almost flat descending trendline partnered with a much shorter term descending resistance currently sat just above current price. I think that out of these two trendlines we are going to see more strength from the long term support and I am currently expecting price to rise through this downwards...

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As we can see we have a nice descending channel with gold price moving down in a pattern from 1322.40 down to the current price. We had some nice movement upwards over the last few days towards the upper line of the channel however today price seems to have struggled to progress any further up with a little push down. I still think we should see price move up to...

MaxFaulkner Updated 

Here we can see a very strong trendline on the H4 chart of EURGBP. As of yet confirmation that price is going to bounce off this level is not apparent however, I will be watching pair for the close of this first and potentially second H4 candle since the market opened. If we get any bullish candle this will be a strong trade to enter with a nice R:R of 1:6 leading...

MaxFaulkner Updated 

The way I see this panning out is an overall upward move from the pair. I have plotted a few arrows to show the ways I think this move could go. Im expecting either a move upward directly up to the 1.01178 resistance or a couple of jumps up and down in this range that price has fallen into between 0.99850 and 0.99094. I have also plotted the upwards trendline...

MaxFaulkner Updated 

As you can see, here is some more simple trend analysis based majorly off of previous levels and trendines. i have highlighted 5 previous areas where price has hit the downward trendline area and bounced to the downside and I am expecting another one here. This level also lines up with my zone between 1.65972 and 65318. Price has entered this zone and the huge...

MaxFaulkner Updated 

Last week I made a huge gain from a sell of GBPUSD. Now we have been presented with a lovely opportunity for a move to the upside inside the same trendines as plotted from last week. Price has fallen back down from where it previously jumped up a little and is now ready to bounce off of the trendline and the zone.

MaxFaulkner Updated 

Just a quick trade. On the 1H chart EURGBP is looking to be a good sell opportunity. The head and shoulders formation is beginning to line up and the high wick of each shoulder is almost perfectly symmetrical. I am going to try to enter and hope that price falls down to my target but there is the chance that I will need to close early if price begins to struggle to fall.

MaxFaulkner

The other day I posted this trade idea. It didn't get too many views or people agreeing but I stuck with it and it payed off. as you can see my analysis for the pair is very simple and isn't very hard to understand. I have an upwards trendline that the price had already bounced off of with a long wick showing bearish bias. Price then consolidated for a little bit...

MaxFaulkner Updated 

I have already posted a sell idea for GBPUSD but with uncertainty surrounding GBP news this week it may be safer to take this trade. Price has already struggled at the 61.8 fib level but I am looking for price to break just through and then rebound off of the 78.2 level. This next fib level is confluent with a bearish TL I have plotted and could provide a nice...

MaxFaulkner Updated 

On the 15 minute chart gold is looking like a good buy opportunity. I have plotted the bullish trendline and price has fallen into a zone that price has been frequently seen to move erratically in. It has also lined up well with a fib retracement as price came down to the 61.8% line showing more potential. I am not entering the trade yet as I would personally like...

MaxFaulkner Updated 

potential

MaxFaulkner Updated 

A very steep bullish TL has been created last week on the 4H chart of GBPUSD but now price has been pushed towards an area of high liquidity and high manipulation as price has been seen to move erratically in this area. Im am looking for price to push up just a little more into this zone and then break the bull TL and fall throughout the week. This provides a good...

MaxFaulkner

selly