forexfreaks

forexfreaks

Cha Ching :).. Thank you @transparent-fx Follow advice, waited for entry & voila.. cannot be more simple

forexfreaks

Suggestion here is to look at the retouches on the h1/h4 BUT wait for new lower lows or lower highs to be created from the lower timeframes. Watch price action too for the turnaround. This will keep us with the long term bias of short according to monthly & weekly. Rock on FxFreaks!

forexfreaks

Analysis on GA; just look at the weekly? What can you derive from it? Higher timeframe analysis is the key.. At least on 4hr or above... meaning draw your trendlines, s/d's, parallel channels, pivots, fibs, then you can move down to the lower tf for entry.. In the case of GA, we are bouncing off the WEEKLY demand.. Who would go short here? Looks like a long setup...

forexfreaks

USDCHF is on a downward bias for the month thus far.. It is hard to predict where usd will go these days, but watch the currency strength on the h1-d1 levels.. chf has been beating usd the last few days so if you are intraday/swing then I would look at this potential small (short short) 25-30 pip short off the trendline. comments welcome :)

forexfreaks

So if the stories are true about "being overbought" "being too high" "not sustainable" etc then we are looking for a structure break. Here is the H4 chart with the previous Highs marked. My way of analysis is to look at previous highs ONLY for uptrends and previous lows for down trends. This is the area we need to watch right now as we may be heading into a...

forexfreaks

Well, our opinion is to trade in the bias of the longer term timeframe charts. I usually use the h4 & daily, but with spx being active a shorter period, we use the 1 hour to draw analysis and m15 for entry confirmation.. Looking at all markets going up, coupled with fundamentals, then technicals, long is the best probability.. so long it is until we bounce the...

forexfreaks

The market structure of EURNZD has been a downtrend. In order to maintain this structure it would need to be equal or less than the previous low (+/- some) We have hit a 4H wall up at the top with a line of indecision and our new 4H candle has been started under this level. Since it is Friday (sweetness!) This would not be that wise to open a very long term order...

forexfreaks

Today we are going over another trading technique. This is the short term 5-8-13 (fibonnaci) trading. This is an old but good method as well. Bottom line is, when the faster 2 MAs (moving averages) cross the slower line in either direction, you place an order. Exits and SL are up to you with account size, TF you're using and risk you're willing to take... Here is...

forexfreaks

Be very leery today in your trades. NFP can be expected to do one thing and then flip to another. The president has a way with words that makes markets move (for better or worst) so more caution is being added in today's trades. smaller pip gains and further SL are probably safest... With Covid/oil crisis happening on one of the first supposed "recovery" months it...

forexfreaks

Catching some pips on GBPCAD long reversal before it resumes a short pattern. room for 40 pips reversal before a 38.2% fibonacci... but lets be safe and learn from the EURAUD mistake and take less pips to be happy with... or set a TSL and move on to the next pair.

forexfreaks

Target zone for EURUSD is flattening. Took profits on the short and now waiting on the signal for a long or for a continuation of the short. USD RED/major news happening in less than an hour and minor news throughout the day. The fibonacci retracement shows a slow burn upwards unless we continue the patterns. keep an eye out for that signal! Trade with news events...

forexfreaks Updated 

From yesterday's analysis it seems like EURAUD hit a PRZ on the fib retracement and bounced up slightly (please see linked idea for the older fib) The newer fib retracement was drawn at this new high to get an idea about where we could possibly see another small bounce back up before going on its way with market structure downtrend. The arrows drawn on here are...

forexfreaks

Been having alot of fun with eurjpy.. Higher timeframe bias is obviously downward.. Confluence is the key between ma's crossing, momemtum, s/r, trendlines, currency strength, and price action. Let's see what happens.. ;)

forexfreaks

Barring the Covid/Oil mess we had mid march, EURUSD has continued it's daily structure nicely. Highs may have been greater, but the lows are always equal or lower. Still no indication of broken structure, but we are starting to see more wicking towards the bottom. The yellow rectangle area is a target for the next low (equal or lower than previous) Moving to lower...

forexfreaks Updated 

At the Daily, H4, H1 demand zones looking for confirmation of turn. Also watching retrace on fib, just bounced off h1 and h4 trendlines. The previous daily low is 114.848 and weekly 109.4888.

forexfreaks

his new low seems to be a pivotal point for trading... Is this new toy of mine, EURAUD, going to break it's D1 downtrend or is it just being awesome and setting me up for more pips? The green highlight is the determination here. This could be either or however if we were breaking market structure then that is a rather tall new high for a first one. I'll take a...

forexfreaks

Since EURUSD is moving slower than frozen molasses... I am going with another pair that is being studied. EURJPY is showing signs of continuing the short trend. Since we hit a rather high % on the fibonacci and still have not yet shown signs of breaking structure (according to a H4 analysis) EURJPY is assumed to continue the downtrend... but hitting such a high...

forexfreaks

Daily and hourly trendlines are hit, switching to a M30 TF to verify the best entry (may even get frisky and do a M15) watching the candle patterns to confirm the long for a long time =D come on engulfing! or maybe harami time!