a194Forex

a194Forex Updated 

Risk currencies have been holding bullish sentiment for a very long period now, everything must come to a pause or stop eventually and this may be just that. Due to how long the bullish momentum has gone there's enough room to follow price back down, how far down? Well we do not know but there are some personal mark ups I have left on the chart. This has a lot of...

a194Forex Updated 

Let's see if USD remains weak.

a194Forex Updated 

Fundamentally, GBP is still very weak. The economy is on verge of another stand still with a potential second lock down imminent as Boris already changing lock down rules in England and other parts of the UK struggling too. Par the BOE news this morning, there are not many positives the UK are facing. In fact, the BOE interest rate cuts to negative was just an...

a194Forex Updated 

GBP looks to be very weak. Considering the position GBP are in I doubt any long positions will be formed. A second wave of COVID as well as the possibility of bad Brexit being imminent. I would be careful with GBP pairs as it may turn out to be very volatile in the upcoming weeks. Furthermore, there is GBP news tomorrow - BOE Gov Bailey Speaks - important as a...

a194Forex Updated 

After a heavy bearish period, USDCAD is in a prime area for longs. The US is struggling economically as a country, with presidential issues, a new presidential election, and a COVID. However, after last week and the news for CAD, I would not be surprised in weak CAD. Overall, I think CAD is going to be weak throughout all pairs, this links with the GBPCAD trade I...

a194Forex Updated 

React off what the market gives you, don't predict the market. These are two scenarios which could happen and how I would approach a trade if it set ups accordingly. Personally, my bias is bearish as GBP should become very week over the next few months due to fundamentals. Second wave COVID probable as well as the possibility of any negative Brexit news for the UK...

a194Forex Updated 

CADJPY seems to be closing on a upwards break after being at a low for the prolonged corona virus pandemic. Want to see some sort of pull back and support formed at the 78.500 area to take buys upwards into the 80.000 and to hopefully see price break through that support into the 81.450.

a194Forex Updated 

Take it to make it

a194Forex Updated 

May be a good trade, US fundamentals may mess it up though. If CAD GDP is as forecasted or better should go this way later in the week.

a194Forex Updated 

I have 2 positions open currently, seeing as the fundamentals are helping AUD become much stronger during the pandemic this should hit the TP. Have to manage the trade according to the news GB put out as well as when price hit key fib levels.

a194Forex Updated 

GN in downwards trend, already in a sell. Could see a possible head and shoulders form on the 1 hour, matches up with the fib retracement.

a194Forex Updated 

Analysis on stream

a194Forex Updated 

Waited for price to break above resistance, price then broke resistance. Had a buystop at 143.750, activated. Also entered at 143.690 after buystop activated, in risk management safety. Target 14 pips, stop loss 9 pips.

a194Forex

As always we always look left when planning a trade. To the left is a clean candle so if price can break to around 120.500 that would be my entry to plan to go up to 120.550, which could then possibly lead to 120.600-120.620.

a194Forex Updated 

Very short timed trade, fakeout is ignored in this scenario.. as it is a fakeout. Although it is in a 50 pip range 15 minute candle out it back into a smaller range. As said in the charts if the new 15m candle goes below previous I will close trade as no longer in my boundaries.

a194Forex Updated 

Swing! Explanation all on chart.