Godfather-Pips

Godfather-Pips

Using the fibonacci extension tool, I have come up with a set of price targets for the month of March. These targets range from conservative to more radical. Currently we are coming towards the first price target and I hope we can hit all targets within the month.

Godfather-Pips

The Fibonacci extension tool shows us that the next price target, in the short term, is going to be at least 1.403

Godfather-Pips

I was thinking that as prices have broken market structure we could see prices go back down to support level because of the ascending triangle that looks to be forming. Feel free to drop your opinions in the comments.

Godfather-Pips

Firstly, I identified the general downtrend then looked for key support and resistance levels. These levels were dynamic and consistent with the downtrend. The entry was set at the first level of resistance with the TP being closer to the support level. The SL was set at a key level where previous support had turned into resistance.

Godfather-Pips

Recent price action from January shows that after an impulsive wave, prices drop. This impulsive wave then acts as support for prices to push up to the next impulsive wave. Currently, we are at the support level with signs of a bullish push through some bounces. The next target will be the high of the last bullish impulse.

Godfather-Pips

Identified a clear bullish trend and key support and resistance levels. Currently prices have bounced off support level but there is still time to get an entry before an impulse move to the resistance.

Godfather-Pips

Identified a clear bullish trend and key support and resistance levels. Although price has moved off the support, previous price actions show that it is possible for prices to drop back down before an impulse push.

Godfather-Pips

Using trend lines, a clear bullish trend has been identified with strong support and resistance levels also being identified. After a bullish week in USDCHF, prices have reached the resistance level. The last candle was bearish indicating possible bearish momentum coming into the markets. This could indicate a pullback to the support level.

Godfather-Pips

Clearly identified the bearish trend and used the adopted shadow support and resistance technique to identify key buy and sell points. The last week saw lots of bullish momentum pushing the Loonie up to the resistance level. Hopefully, this week the bears can bring their momentum into the market so bring prices down to the support level.

Godfather-Pips

After an amazingly bullish week in USDJPY we could look see a retracement back down to the dynamic support level before another rise. Using my adopted shadow trendline technique I was able to identify the different bounce points in the bullish channel. I would not take this trade purely because it is a short in a bullish market however, advanced traders should...

Godfather-Pips

This is simply just an updated and more detailed version of the previous GBPUSD setup. Looking to take this position next week and hold this position for the whole week in order to catch all 240 pips.

Godfather-Pips

I noticed a general bullish trend so I highlighted that through one trend line. The spikes out of the first trend line were quite consistent so I made a "shadow" support line. After this I also noticed a consistent resistance line which had a few consistent drops so I created a "shadow" resistance line. As the prices are heading towards the support line, I would...

Godfather-Pips

A general bullish trend has formed on the H4 timeframe. The trend line was adjusted slightly to connect as many major bounce points as possible. The slight dip below the trend line was regarded as an anomaly as it did not invalidate the uptrend. Looking to go long after the next bounce which could possibly happen within the next 2 trading days.

Godfather-Pips

Bounced off the support so I'm expecting some bullish momentum. Prices also bounced off the range of the 61.8% Fibonacci level. Looking to catch and ride the impulse waves into the swing high area. Stop Loss set below the dynamic support.

Godfather-Pips

On the weekly timeframe, this pair is following a bullish trend. On the daily timeframe, we see that the price bounces on the same line as the weekly trend. On the H4 timeframe, a steeper bullish trend than that of the daily and weekly timeframe. On the H1 timeframe, we see some bounces off this H4 bullish support line and that prices may be reversing due to the...

Godfather-Pips

There is a bullish trend on the WEEKLY timeframe for the AUDUSD pair. On the DAILY timeframe there has been a couple of different support and resistance ZONES. On the H4 timeframe we can see the 1 and 2 ZONE. Currently, the price has extended to no man's land. The final candle shows that there may be some bearish pressure as indicated by the bottom wick. In the...

Godfather-Pips

After a great rise in the GU pair we're nearing the dynamic resistance Expect a drop of around 100 pips in the coming week (1.39 level) The TREND is your FRIENDS until it ENDS!

Godfather-Pips

Clear downtrend indicated by a falling highs and lows Looking to get in at the next high to ride the trend down to the support