fadix007

fadix007

This is a Channel Break-out Strategy, Price currently broke out of the Descending channel to the upside, wait for a Bullish confirmation before entering a Buy. As you can see Price had dropped and Bounced off a strong support at the 200sma on 1 hour time frame which happened to also be the 50% of the Fibonacci Retracement Level. I usually apply my Trend-Based...

fadix007 Updated 

AUDNZD have reached the Top of The Ascending Channel, we could possibly see a rejection at the Top of this Channel and price might start moving down or simply Break-out the Top, Retest it and continue it's up movement! I see a Bearish Engulfing Candle on the 4 Hour TF, but due to The Australian Dollar being a strong Currency for the past week, I would only open a...

fadix007

CADCHF is showing some weakness as both the MACD & Squeeze Momentum are showing weaknesses, If price break above the green Daily channel upwards and retest above 0.6950 then we might very well see a possible rise on this pair. 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational...

fadix007

Price Broke above the Descending bullish blue channel and closes out but has not retested the channel line yet, we might see a small correction before a continuation to the upside as the overall trend is still up on the daily TF 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational...

fadix007

We just broke above the Daily (Blue) descending channel but didn't retest the channel border fully, if price drops to hit the blue channel line again, this means we broke-out of the H4 pink channel, be patient here as this break might be a false breakout of the pink H4 channel and price might continue it's uptrend. 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view...

fadix007

AUDNZD is just sitting at the 200EMA on H4, also it's bang on an Ascending channel line, a BCR (Break, Close & Retest) below the channel could possibly mean that price might make a correction to the downside before a continuation of the uptrend that we observe on the Daily Time frame 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not...

fadix007

EURCAD Possible continuation to the downside, if price fails to break above the 50EMA. I strongly believe in the Power of Moving Averages as to determine the trend direction and by looking at the daily moving averages, we are currently still in an uptrend. Looking at the H4 TF the moving average are all over the place so We might see a small correction to the...

fadix007

DXY overall Trend is still to the downside. This week we will see a small correction to the upside before a continuation down in the trend direction. 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So...

fadix007 Updated 

We can also observe GOLD reaching a strong support key area and ALSO the bottom of the Bearish Blue Ascending Channel, if price remains inside the Channel we could ride it back up, or else a break-out below the channel bottom and a retest could drag us down again 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not provide any Signal...

fadix007

As you can see Price at very Strong Support Level and Also just bounced of the bottom of an ascending Channel, If Price breaks out below the Bearish Ascending Channel we could see a drop down to the next support level, or else price will stay in the Channel and reverse back up again. This will depend on the Strength of the USD for the rest of this week and next...

fadix007

Ascending H1 Bearish Channel VS Descent H4 Bullish Channel, who's the Winner?? MACD Slightly rising but not as I want it to, perhaps it's because the UK Bank Holiday, most Traders are still sleeping. The trend is your friend, so for now I am taking the ride along with it and securing my profits as I go up slowly. 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal...

fadix007

After a successful Bullish Descending Channel Break-out observed on both 2 strong Time Frames (H4 & D1) and a clear rejection of the 50EMA, at the open of the Market we are still seeing the MACD goin strong, we might see a slight pullback and then a continuation. Having said the above if price fails to break the current resistance zone, it might simply drop back...

fadix007

The Strong Down Trend Continues. We are sat at another Support area , we need to see a clear break below the current zone, a small retest and a continuation to the down side. We are almost on the last wave down of this trend, and a pullback is very likely to happen, but before we see a reversal to the upside we are most likely to drop down to the lows of the...

fadix007

The Strong Down Trend Continues. We are sat at another Support area, we need to see a clear break below the current zone, a small retest and a continuation to the down side. We are almost on the last wave down of this trend, and a pullback is very likely to happen, but before we see a reversal to the upside we are most likely to drop down to the lows of the...

fadix007 Updated 

I see a Clear Rejection Bounced from the Resistance Level at 117.555, We also have a clear Divergence on the MACD confirming price rejection. I will be riding this down to the bottom of the channel with Risk to Reward of 1 to 2.72.

fadix007 Updated 

As you can see we had formed a nice Daily Bearish Engulfing Candle on Friday, now we should se price retrace to the Fib. Retracement level 38.2% and se a drop down to Fib Ext. Level 1 at the 100% and most probably to the 161 Level 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational...

fadix007 Updated 

Daily Bullish Engulfing Candle, As per my Fib. Ret., I shall wait for a pullback to the Fib Ret. Level 38.2% and enter a Long Position, riding this Pair to the Trend-Based Fib. Ext. 161.80% which is our next Resistance area 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational...

fadix007 Updated 

Nicely Formed Head & Shoulder on AUDCAD which could give us a nice 2.85 to 1 risk to reward Ratio 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this...