eraxular

eraxular

After last weeks strong bullish push from GBPUSD, I believe we will carry on seeing a bullish push. This is just a brief idea with what we could see for this week.

eraxular

Hi guys, this is just a quick and simple analysis on USDCAD for a potential sell. USDCAD has had a lovely sell off recently and I can't see any reason for it to not carry on selling off. Price is respecting R1 and has rejected it. Price has formed a bearish engulfing on the 4HR. Price has shown high volume of bearish momentum. Let me know what you guys think of this!!

eraxular Updated 

As we are getting closer to the next trading week I am keeping a close eye on GBPUSD next week. We have seen very strong bearish momentum recently and I do believe it will carry on selling off however there needs to be some sort of correction/retracement before this bearish move continues. Price is currently respected a nice little descending trend line which...

eraxular

After a very long consolidation, GBPUSD is starting to give me confluences to believe it is going to start to sell off. I personally do not believe that there is much more buying pressure in the market at all and it is only a matter of time until we see a bearish push to at least 1.39. Happy Trading!!!

eraxular

A potential opportunity to sell this pair. We can see a nice bullish candle breaking out of the ascending channel so I would like to see a breakthrough the 0.76900 level to be interested in placing some short trades

eraxular

Here on the EURUSD, price has previously been bullish (partially due to US election and fiscal stimulus on the cards) reaching higher hi's and higher lo's. Price has just come into a major zone of resistance @1.18500 - 1.9155 and is beginning to lose volume and momentum. On the 1hr timeframe candlesticks are small with little volume which could indicate the...

eraxular

Here on the EURUSD, price has been trending along an ascending trendline; whilst successfully preceding to higher Hi's and higher Lo's. The RSI also indicates price to be relatively oversold which gives me more confidence in the continuation of a bullish push. Within the next 14 days, I hope to see EURUSD to begin to pullback and generate greater Hi's. However, if...

eraxular

Here on the GBPUSD, i am still looking for further confirmation to take this trade. Price is currently in a bullish channel but is currently lacking buying volume and failing to reach any new Hi's above the major resistance level @1.29830 level. this may be due to exhaustion of buyers in market leading to greater selling pressure. Also the MAC-D line is about to...

eraxular

Here on the USDCAD, price has been flowing in a strong bearish trend currently but recently has been attempting to push to a bullish outbreak. Price is failing to reach higher Hi's and has been rejected multiple times within the major zone of resistance @1.3236-1.32578. on the daily time frame we can also see an amassed amount of long wicks showing a loss of...

eraxular

Here on the USDCAD, price has been in a bullish down trend for a long time.Price has broke its previous Hi and has carried on to maintain higher Hi's and higher Lo's, i do believe price still has potential to carry the push but i think price will begin to retrace or carry out a deep retracement pullback in which i hope to execute a successful trade in. Entry...

eraxular Updated 

Here on the GBPUSD, we can see that price is currently in a descending channel however. I believe price is showing signs of a bullish reversal. price is starting to form a descending wedge pattern and also a gradual loss of volume (consolidation/contraction). In this week commencing, i am looking to see a break above prices previous swing Hi (@1.31800) followed by...

eraxular

Here on the USDJPY, we can see a wedge contraction pattern forming on the chart. Price has previously formed a double bottom and have started to form a bullish channel and price is now beginning to form into a wedge pattern. Price is currently touching the 20 MA which is a sign of contraction and consolidation in the market. Over the next 1 or 2 days i am hoping...

eraxular

Here on the EURUSD 1HR time frame a nice head and shoulders reversal pattern has formed. Yesterday the EURUSD hit a all time 2 year Hi which could potentially indicate the reversal of the strong bullish trend. Now, we can see a distinct neckline and price has now broken out of the neckline. Over the next couple of days i am hoping to see a gradual expansion into a...

eraxular

Hi there, here on the EURGBP we can see a descending wedge pattern starting to form. price is gradually losing momentum which could indicate it is time to buy. Throughout the next few days i will be looking for signs of a bullish reversal and hopefully see a rejection of the previous low @0.89087. I am a very new trader and am not experienced so many of you...