Price has almost done its full daily retracement. Price entered this zone again that has been acting as demand/support. No candle close below this zone. Potential double bottom at zone and overall bullish trend continuation.
Price has been consolidating between this 2 levels from a couple weeks ago... Waiting to see how price reacts or rejects on this ascending trend line... Price has been seen rejecting this .25000 region for some time now... LETS SEE WHAT HAPPENS...
GBPAUD POTENTIAL LONG WAIT TO SEE HOW PRICE REACTS WITHIN THE BLUE ZONE & TRENDLINE
PLEASE REFER TO CHART ALSO PLEASE REFER TO PREVIOUS LINKED CHART TO SEE HOW PRICE REACTED LAST WEEK WITH ECB RATES LAST THURSDAY THEN WICKSAW'D TO THE UPSIDE
THIS COULD BE A POTENTIAL INTRADAY SET UP NICELY. LOOKING TO SEE IF PRICE BREAKS THIS ZONE TO THE UPSIDE OR IF WE HAVE MORE WICK REJECTIONS WITH COULD BE POTENTIAL SIGNS FOR SELLS. PLEASE REFER TO CHART.
POTENTIAL CONTINUATION TREND TRADE. MIGHT BE A RETEST OF THE WEEKLY TRENDLINE THEN STRAIGHT TO HELL AFTERWARDS
Good Afternoon Traders! #ForexFargo checking back in! Apologies that it has been quite some time, but I needed to take time off and refine my craft! Today our analysis today is on #GBPJPY! I believe the overall trend is Bullish. This past week, we have seen price rally from our Monthly Support Level of 144.000 toward our Monthly Resistance Level of...
Good Evening Traders, #ForexFargo checking in! Today our analysis is on USDMXN. Please bare with me as I have never looked at this pair and this is my first analysis. The overall trend is Bullish indicating strong momentum. Price has rallied from Monthly Support Level @ 19.0000 to our Market Structure Level @ 19.35000. 350 Pips! Weekly Resistance Level is set...
Happy Saturday Traders! #ForexFargo checking back in! Apologies for the extended absence, I have been refining my style a tad bit for you all! Today's analysis is on AUDUSD. I believe the overall Trend is Bearish. I have a few trade scenarios set up for how this upcoming week could play out! Please refer to chart for more detailed explanation! AS always,...
Hello Traders, #ForexFargo checking back in! Today our analysis is on #AUDUSD. The overall trend is Bearish, although we've had some Bullish momentum today. Last week's price plummeted from our previous structure level of 0.71000 shooting down toward our 0.70000 region... which we haven't seen since Mid December. Since that big move, we've seen a change in...
Hello Traders, #ForexFargo checking back in! Today our analysis is on AUDUSD. The overall trend is now Bullish. This post is a continuation of the post linked below. Price since then, has broken through our Daily Support Level of 0.71000. We are now approaching our Weekly Resistance Level of 0.71500. I expect price to break past the resistance level today...
Good Afternoon Traders, ForexFargo checking back in! Today our analysis is on the DXY index. The overall trend for this pair is seems to be Bullish, however with that being said, seems that the Dollar could run into some exhaustion this upcoming week. Right now, we can see price playing ping-pong between Monthly & Weekly- Support & Resistance Levels. Price...
Good Afternoon Traders, Forex Fargo checking back in! Today our analysis is on USDCAD. The overall trend for this pair seems to be in a slow Bullish incline. With that being said, there seems to be a potential for a VERY good Long Swing Position if entered correctly. My prediction is that from a 4H and Daily TF, you are able to see what looks like an...
Good Afternoon Traders, about an hour before market open. ForexFargo checking back in. Today's analysis is on USDJPY. The overall trend for this pair is Bearish. Price seems to still consolidating between Weekly Support and Resistance Levels for the Past 3 weeks, so a big move is to be anticipated coming shortly. In the meantime, this leaves us intraday...
Good Morning Traders, ForexFargo checking back in Today our analysis is on AUDUSD. The overall trend is Bearish for sure. However I see a potential set up for start of next week if price continues Bearish toward of Support Level. Price on this pair has been consolidating for the past 5 weeks, ranging mainly between support and resistance. Weekly Resistance...
Hey Traders, so I banked a few pips early today from the initial push that got us into the 110 region with this pair. I am now thinking that we will have another push before market close to get us back toward that 110.150 region right before Asia Session. I have my weekly Support Level at 108.500. I have weekly Resistance Level at 110.150. My thoughts are...