Forexbasis

Forexbasis

Good Morning traders. Also on my Watchlist for the week is GBPUSD. The actual bullish momentum come from the 61-71 Fib Zone which could be a nice Retracement-Point for a new Bullish leg if we can break the Counter-TL. I am rather long on this pair as i would love to see a new bullish leg up from the 1.23500$ zone. Maybe we also see another test of the price...

Forexbasis

Good morning traders. That are my actual thoughts on USDCAD . Overall market situation is a Bearish. 2H Overall direction is Bearish. We made a retracement push into the "Golden ratio" Fib range. On the lower - TF we are making new lower highs. We broke and retested a Counter-Tl on the lower TF. I will look for a last little push into the Price of...

Forexbasis

Good morning traders. That are my actual thoughts on USDCHF. Overall market situation is a Bearish bias with clean lows and highs formed. 4H: Market made its Retracement into our "golden Ratio" Fib zone. Lower - TF Bullish structure shifted to bearish structure after break of the 4H counter-TL The 8 EMA also give us confluence. I will look for a...

Forexbasis Updated 

Good Evening Wzr. ahh...People! After the Setup from today morning failed and we retested the Friday High's on EURUSD i think we will get the best entry now possible. Market retested the High which is also between the 61.8% and the 71.5% FIB REGION which i really prefer. Stops are 15 Pips above the 72% fib level. Risk reward 1:3 Thanks for reading. just...

Forexbasis Updated 

Good morning traders, Today i release an analysis of the EURGBP. After rejecting clean from a Region of daily Resistance which is also the 0.90000$ Keylevel, we now see some Bearish momentum. on the lower timeframes (h4.h2,h1) we rebroke the descending trendline and now still trading below. I think it should fall into the Base Region of 0.88750$ if we get...

Forexbasis

Ive entered USDCAD Longtrades this morning at around 1.35400. We retested the friday lows, now i expect that momentum comes in to push us up. this works in correlation with the DOLLAR INDEX which now looks great or dollar Strenght. No advise, just educational purpose. *your Tradingpurpose*

Forexbasis

Good morning people, the Euro has shown a clean rejection from the 1.14000$ level last week and is now heading further down. The lower timeframes (h4.h2,h1) working in line with a clear descending trendline . I think it should fall into the Region of 1.11500$ firstly with the next target at around 1.10000$ Lets see how this play out. Thats just...