AlbionTrader

AlbionTrader

Coffee is already almost hitting the trendline formed on the Daily chart. It broke the 4-hourly trendline some days ago so a bit of extra caution is needed; however, the Risk-Reward-Ratio looks quite promising. Watch for the opening of the next 4H chart!

AlbionTrader

XAGUSD has been consistently growing on the Weekly timeframe: We closed last week with an indecision bar; however, the fundamentals should point higher and the Daily timeframe is still on an upward trend, so this might be a physiological retracement. Let's see where the 4-hour chart brings this moment of indecision to see a clearer direction, which could make...

AlbionTrader

XAGUSD has been consistently growing on the Weekly timeframe: We closed last week with an indecision bar; however, the fundamentals should point higher and the Daily timeframe is still on an upward trend, so this might be a physiological retracement. Let's see where the 4-hour chart brings this moment of indecision to see a clearer direction, which could make...

AlbionTrader

EURCAD has been moving in a wide channel since 2013 and its bottom channel (Turquoise line) has almost been reached now. Definitely a pair to watch for either a Bounce or a Breakout. If the bounce for trend continuation is confirmed, this should give us a niiiice movement potentially up to the upper channel. The pair moves quite slowly so this is probably a...

AlbionTrader

EURCAD has been moving in a wide channel since 2013 and its bottom channel (Turquoise line) has almost been reached now. Definitely a pair to watch for either a Bounce or a Breakout. If the bounce for trend continuation is confirmed, this should give us a niiiice movement potentially up to the upper channel. The pair moves quite slowly so this is probably a...

AlbionTrader

USDCHF has been moving around parity but its dancing days might (hopefully) be almost over. In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though). And all around the roundest round number 1.00000. The SMA(100) and the SMA(200) are getting closer...

AlbionTrader

USDCHF has been moving around parity but its dancing days might (hopefully) be almost over. In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though). And all around the roundest round number 1.00000. This could mean a breakout due soon. Update your...

AlbionTrader

Platinum seems to have revered a skewed Head And Shoulder pattern in December and its upward Trend is now converging towards the first notable resistance. We are still well within last year's High and Low so more action can be expected. The key point for me at the moment is waiting to see how the price reacts to the level originally rejected in November.

AlbionTrader

Platinum seems to have revered a skewed Head And Shoulder pattern in December and its upward Trend is now converging towards the first notable resistance. We are still well within last year's High and Low so more action can be expected. The key point for me at the moment is waiting to see how the price reacts to the level originally rejected in November.

AlbionTrader

AUDJPY has been consolidating in a Box for 10 weeks now and started to form a Wedge inside that box in the last 5 weeks. The pair will thus probably give a good breakout soon in one of the two directions with different level of Targets. Patience required to plan the setup.

AlbionTrader

AUDJPY has been consolidating in a Box for 10 weeks now and started to form a Wedge inside that box in the last 5 weeks. The pair will thus probably give a good breakout soon in one of the two directions with different level of Targets. Patience required to plan the setup.

AlbionTrader

Indecisive on the EURGBP at the moment, but if the Advanced Formation is confirmed then we will have a potential Entry SHORT.

AlbionTrader Updated 

Waited patiently for NZDJPY to reach Resistance ~83.50 I thought it would reach it yesterday so I was LONG~82.8 TP1~82.9 TP2~83.4 Now good Risk-Reward-Ratio (RRR) on the Reversal SHORT. Conservative Stop Losses to be put above the time-high at 83.75 And... see how this plays out!

AlbionTrader Updated 

CADCHF during the night was hammering on a Fibonacci Resistance and bouncing between Fibonacci Clusters and the Indicators were showing Divergence. Decided to go for a Swing trade and Compound ~0.7662 SL just above the resistance Fibonacci levels did their job properly this time :) Let's see if the pair continues its rally short

AlbionTrader

I was asked a detailed opinion on a forum so I decided to report it here. The question was about going Short on EURCAD @1.4227 after the bearish pin-bar where the pair closed yesterday. Looking at lower timeframes I had marked one at 1.4251 which is currently where the price is being contained after dropping yesterday afternoon (the price started to move in the...

AlbionTrader

USDCHF seems to be heading short following the trend again. This is the classical trade to be taken early in the trend and compound, adding to the winning position after each retracement (break of the light blue reversal line). Hopefully this is going the same as the others. Cheers

AlbionTrader

Impossible not to notice the uptrend on CADCHF the last two days; I would say this is a physiological retracement after a whole week trending down. This is still well within the trendline and which is furthermore following a Fibonacci pattern so far. The Fibonacci retracement on the H4 zoom shows the Fibonacci retracement as well. Let's see what the market...

AlbionTrader

Coffee moving gracefully upwards both on H4 and D1 does not show signs of trend change at the moment. Did this analysis on Thursday and forgot it there without entering the trade... well done!