CyberFxTrader

CyberFxTrader

Here we have something that to me looks like a combination of a symmetrical triangle and an up ascending channel. It is currently evolving within, and I think it will continue to do it a bit more, especially now that is successfully broke above the symmetrical triangle. It might look like it already has broken out prior, but it wasn't fully formed. Nearer the end,...

CyberFxTrader

AudUsd is making a bullish structure in the more recent timeframes. Based of specific patterns, I'd say this inclines to be an expanding triangle, which price just broke above, and it seems to stay above, after failing to go lower lows near the top. Price broke above, made a retest and I think it is more wise to buy after it made a positive reaction to this well...

CyberFxTrader

Price got a break above structure - attempted to break above higher trend line, but failed - first break of structure got respected - trend line respected - traces back to first break of structure and attempts to move up again before the structure crumbles and price now attempts to move on the other side, back to where it came from. Reversal entry will aim for 25%...

CyberFxTrader

This is a possible head and shoulder pattern, one neckline is broken and price is creating another shoulder aka pullback before heading down in a reversal after price attempted to push up.

CyberFxTrader

NZDUSD is moving in a downtrend. I tried to draw lines, and it looks like a symmetrical triangle is more likely to be traded today. It's first seen that price attempted to push above the triangle, but it fell straight down again, leaving the upper side with a big wick, also known as a rejection candlestick. Price then continued to move below with a steady movement...

CyberFxTrader

It has many white soldiers on daily, bullish engulfing on weekly, and scaling in again, price changed character from a fake bearish move on Thursday to being bullish on Friday last week.

CyberFxTrader

A support level has been created by forming a change of character with a break of structure. Today price has respected support, and within the symmetrical triangle at the bottom, price made a mini structure, that's now indicating a buildup to bounce up from. A double bottom at support level makes it more likely to break above this triangle pattern.

CyberFxTrader

At 17th of January, price attempted to continue in a downtrend, but it quickly reversed with a ripping force, completely evaporating the attemptation summit. Price then created a pullback after change of character, and respected the broken high as such. So right now, the market is starting to push price higher, and I think it attracts toward the broken structure...

CyberFxTrader Updated 

There's a lot of confluences to eye out on here on US30, it is simply printing signs all over. It is currently strong power candles going up and making a change of character. Over the last 24 hours, the candles have been forming a bullish flag pattern smoothly within bearish and bullish order blocks. Now it is up for this cyberspace to work its magic, hopefully...

CyberFxTrader

Strong support and resistance zones marked, trends are clear, volatility is seen. Down at support zone is also a trend line marked from the past with multiple reactions, now it acts as support combined with horizontal support. Price had much volatility down to support zone, and then price quickly slowed down and now signifying a reversal.

CyberFxTrader

USDCAD got the buy bias. Been checking it for trend indicators, all indicating for buys. As noticeable, it's been slowing down, creating what looks like mostly consolidation. But in the midst of it all, there is most importantly other patterns like an ascending channel and a symmetrical triangle. After combining these ideas, my best guess is to buy. Buy limit is...

CyberFxTrader

Here's a so-called rising wedge pattern. It may look a bit tricky because it broke above at first, but in my opinion it was just a false breakout. Afterwards, price made a breakout below the wedge, then after, it broke completely below to the horizontal side. Now, to confirm that this wasn't another false breakout, we'd just have to wait for a pullback with a...

CyberFxTrader

Looking at USDSEK, it's showing room for bullish momentum. After lining up, I noticed that a couple of triple reaction points showcases that there are confirmations of bullish alignment into the open season. Keep it up and good luck.

CyberFxTrader

I've drawn some lines here. Every line is lined up in a way I think looks right. I think the goal is to line up points where price has shown to make big reactions from. So below on this chart, there are more lines that act as support. In my knowledge this means it might be more likely to go up to where empty space lays so that more orders will be active where it's...

CyberFxTrader

Trading is all about repeated patterns, and the most unlikely pattern are the one that goes against the trend. Either way it might just be a 50% chance of being right, but then once you're right, the chances of your trade to make a big move is even higher. Now the repeated pattern on this chart is determined by volume, it is recently showing repeated movements up...

CyberFxTrader

If you look closely you can see that there's a lot of patterns. Triple top turning to support after breakout, then it gets respected once, and now it's back in level again. Now if you look even closer you may see that the market structure turned from a rising wedge to a falling wedge leading into the major level I was referring to. Now after taking these things...

CyberFxTrader

It looks like a great potential for buying here. It just made a really good pullback to 50% of recent push up. Trend lines are drawn from at least two major ending points which has a higher chance of being valid in the near future. Even if it isn't able to have as strong of a reaction as drawn with an arrow, there still is a good chance of it pushing up at least a...

CyberFxTrader

Jpy is strong. It has been recently and now there's a good sign to sell because after a fakeout move, that usually indicates that the market has done its duty in capturing the majority of orders and stoplosses, then it's ready to go against what was previously thought to be the case.