Mvrgxo

Mvrgxo

Momentum candle gap, retested on 1h and back down we go. SELL

Mvrgxo

Great day in the market after a strong bullish push to the upside. I collected just short of 100 pips today :) HOWEVER, the bullish momentum candles on the 15m TF have left 2 fair value gaps which after price returns to the previous buy block point it will retrace to these areas. Therefore if you are a scalper and wouldn't mind collecting 20-30 pips. This is...

Mvrgxo

Monday morning and we are ready to collect some pips! Price has reached a resistance level and based on history i expect price to drop in this area. I will look for a bearish engulfing candle and doji's around this area. RSI is a further confirmation of direction.

Mvrgxo

Hi everyone! price now approaching demand zone around the 1960 area (could be slightly higher). I believe price will drop after this level. I will look out for rejection and momentum candles with lower timeframes to ensure i get the best entry. Other confirmations will include: RSI EMA'S ( Rejection from a EMA will further support this analysis). News (Do...

Mvrgxo

Hey people! if you haven't seen part 1 to my analysis click on my profile! Price now in Zone A (Previous demand/supply zone). We need to see a break out of this consolidation before entry into a potential buy! Looking for a break of this zone and then a pull back before entry to the upside. Day timeframe shows a great rejection from the 21EMA indicating...

Mvrgxo Updated 

GBPUSD has made an overall bullish trend on higher timeframes. I expect price to retest previous support(A) and bounce back to the historical demand zone(B). For entry wait for the following confirmations when price hits the demand zone (B). RSI confirmation (Wait to see if price breaks zone B or rejects again.) Moving averages. Engulfing candles Momentum...

Mvrgxo

CADCHF has been in a downtrend and now has reached a major support. I expect a pullback and then a continuation to the downside. Confirmations Engulfing candle. Fractal Rejection wicks on the support. momentum of candles. Don't be fooled by the SL hunt.

Mvrgxo

RSI confirmation Price action confirmation Stoch confirmation Lower/higher timeframe confirmation Wicks for rejection of downside. Happy trading.

Mvrgxo

EURUSD has now created HL on the 4H time frame. Currently sitting at a support zone with a potential engulfing candlestick pattern. The 1H timeframe shows a rejection from the previous consolidation zone and RSI and EMA'S are showing bullish momentum on lower timeframes. I will watch closely in the London session to get a good entry if all confirmations are met....

Mvrgxo

NZDCAD has reached a string support on the 4h timeframe. So far the pair have respected the upward support and resistance points and with current weak bearish candles formed I believe that the uptrend will continue. Wait for confirmations

Mvrgxo

GBPUSD is still moving in bearish direction. This morning we are seeing many wicks failing to push up, which essentially means there is low bull momentum. In line with the EMA's, the 50EMA seems to act as a stable resistance bounce point for the pair the last 2 days. Wait for confirmations before entry: RSI STOCH News? Candlestick patterns support and resistance...

Mvrgxo Updated 

Hi, AUDJPY reached a major resistance on the daily/4h time frame. Looking for a pull back before possible continuation of bullish trend. I'm a scalper, so I'm in and out pretty quick with my entry mainly based on candlestick analysis/ momentum and resistance levels. My other confirmations: RSI Stoch Doji candles (low buying pressure) Additional candle stick...

Mvrgxo Updated 

Hi! NZDCAD already in a uptrend on higher timeframes. Saw a pull back and now EMA's have crossed on the lower timeframe. Momentum for sells have slowed down and this leads me to believe an upside is now ahead this week. I'm in and out pretty quick 10-20 pips, so if you are looking for a longterm trade analysis, this page isn't for you <3. Confirmations before...

Mvrgxo

We are starting a new trading week and I'm super exited. EURUSD has created a HL on the 4H timeframe and if the pair goes long this week, would confirm a second HL. Therefore, I will look for buys this week. The 15m Timeframe show the EMA confirmation with the 200EMA now acting as a support for the new uptrend. My strategy is scalping so I'm in and out for 10-20...

Mvrgxo

Hey everyone. Long scalp for UK100. wait for confirmations: RSI stoch News? Candlestick patterns EMA's key support/restistance <3

Mvrgxo Updated 

Price has reached a resistance zone and it will be interesting to see if it breaks or price drops back down. My chart is a setup I'm currently looking at. Fib retracement point matches perfectly with a previous resistance area. always wait for confirmations before entry: EMA'S RSI Candlestick patterns Strenth of each currency Any news? Stoch Volume. Thanks :)

Mvrgxo

Goooood morning guys! NZDUSD has reached a daily and weekly resistance level. Higher timeframes show weakness in breaking through therefore, this is the first indication of a reversal. Secondly, the head and shoulders have formed on the lower time frame. Further confirmations to take into account: EMA'S Stoch RSI & divergences Candle stick patterns Potential...

Mvrgxo Updated 

Scalp on 15m timeframe. confirmations: EMA AUD strength Current direction on higher timeframe RSI Stoch This is what works for me as a trader. I am a scalper. :)