Psychology:- GBPUSD didn't fell or even tested its minor support level @ 1.30329 during the time when DXY was on good strength. EURUSD did fell and traded below its minor support level @ 1.15274 but GBPUSD was still trading above its minor support level and wasn't much affected by EURUSD move. It was the best thing from which I had some faith about this pair long...
Weird title eh? Ya, I know but currently, our brave soldier USDCAD deserve that title. He is acting all alone struggling for his own path (LONG). #What's going on inside this trade? 1) I got a Fibonacci Retracement which will clearly show us how the price retraces back at which level. Currently, the price is floating above 61.80%. 2) I got a Fibonacci Extension...
I have a simple plan for EURUSD if USD really losses its strength on remaining market days of this week. #What's going in the trade? 1. Price is inside the symmetrical triangle and if you can see a light green dot line above the price which is a Minor Support level @ "1.15274" and its what I am really concern about. 2. We got a Fibonacci Retracement where the...
Fibonacci Retracement level 61.80% is also acting as support but currently, the price is floating around our minor support level 0.70865. I kinda feel like if this week USD loses its strength then AUDUSD could have some possible hope for the uptrend. As we can see GBPUSD is also doing better with long more then EURUSD. This three pairs being highly positively...
I had been riding USDCHF long like 250pips+ on past weeks links :- Sad but true I don't want to stick with my long trade any longer now and I will update my older post of mine about USDCHF. I filtered my analysis this morning more deeply and I can now sense that the short has many rewards then long in the near future days. It's like 1:3 RR ratio if we could...
As the title no more vast thought, simple idea Falling Wedge upward line has been breakout clearly, chasing Fibo Retracement 61.80% and above. Overall the "Long" (buy) sentiment for USDCHF looks good from the price action. DXY doing well too.
I have some bad feelings with the sentiment about the AUDUSD LONG (BUY). First, the price has already "breakout" from the Rising Wedge bottom trend line clearly! Second, it was unable to complete our basic 5 wave impulse where our 5th wave went invalid. Chances of another falling wave could form if the price falls deeper. Talking about the Fibonacci Retracement...
Believe in your strategy more than your indicators! Clear real-life demonstration of how to scale in on a winning trade! #Benefits: Risk-free trade cause once if we got profit on a trade we can let our existing profit to bear upcoming risk/loss in further new added trades. Profit maximization by adding multiple trades in bits and pieces after each successful...
As we can see DXY was in falling wedge past couple months and it had a breakout around 2018/MAY. Breakout was so sweet and valid enough to raise the index price near Fibonacci Extension Level: 38.20% (92.87) and it was also the first ever impulse or motive wave of our Elliott wave 0 to 1. After reaching the 1 it made a small corrective wave 2 below the Fibonacci...
We know AUSTRALIAN DOLLAR CURRENCY INDEX (AXY) is doing fine. On our 2-4hour chart, we can clearly see inverted Head and Shoulder forming and I believe there is something like Rounding Bottom forming in the small timeframe like 15-30 which are both bullish reversal chart patterns. It's just a map for trend path and if AUDUSD follows the above Inverted H&S then we...
Last Monday Asian night to Tuesday whole day USD being in strength GBPUSD fell nearly 135+ pips within that period. Sentiment - As we can see on the chart 0% Fibo Retracement level: 1.36175 top to bottom 100% Fibo Retracement level: 1.34524 which was nearly 135+ pips within one an half days of new week session run. In my opinion from the sentiment side now...
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. We...
USDJPY facing hard time to decide whether to go up or down. It formed a Head & Shoulder on 4 hour TF and seems like there is higher probability for downtrend rather then uptrend.
This Trend/Chart analysis was done on 1 day (Daily) Time Frame were we can see Dollar (USD) having a nice strength over Yen (JPY) if talking about longer time frame point of view. We know it did pullback yesterday on nyu session like 30 pips but that might not much affected to position trader (holding deep down ) rather then a scalper (might got tough to decide...
As we can see there is a triple bottom (Reversal) and our price did breakout. I guess it will fly 15-30+ pips away if the breakout be valid!
I guess our small rocket try take off now (^_^)