ICFX

ICFX Jul 28, 2022

GBP remain bearish on daily. Downtrend has not been broken. Price is likely to make new lower low or at least, test the last low. Hence I am looking for shorts from 8 weekly ema and June close (price just tested June close). As for July 28th, 2022, 61 percent of retailers remain long for now - another indication that price is unlikely to follow them. For...

ICFX Updated  Jul 12, 2022

I am looking to short this thing. 85 percent of retailers are long on EURCAD. We go the opposite way. For educational purposes only!

ICFX Updated  Jul 10, 2022

I see a buy opportunity around 1.02 (round level) using a contrarian approach to myfxbook outlook (sentiment tool): 1 The retail bullish sentiment (86 prercent bullish) had been exhausted for now and strated to subside. Hence we should see the change in trend. Keep an eye on retail positinig at www.myfxbook.com as price moves opposite to that. 2 Price hit...

ICFX Jul 9, 2022

This is historical inverted EURUSD chart. DEM (Deutsche Mark is predecessor of Euro). It means bearish parabolic move on EURUSD chart. For educational purposes only.

ICFX Jul 8, 2022

Euro is in downtrend on monthle chart and July Candle is likely to become a breakout candle closing below lower low.

ICFX Jun 19, 2022

Demark and Monthly Camarilla Projections for Bitcoin both send us lower. After break of Monthly Floor S4 price usually heads to S5 (not without major pullbacks) where it often times reverses back to S4. Quite violent price action to follow... For educational purposes only.

ICFX Jun 18, 2022

Price broke the monthly S4 floor and is likely to continue to S5. However on weekly price did not close below monthly S4 - so breakout might be false. On the top we have a bullish W formation, which remains "active". So I would be careful with shorts. 1.04 is very strong support level. Monday price action will give more clues. If price trends below next week...

ICFX Updated  Jun 10, 2022

This is June Outlook for EURUSD using Monthly Camarilla Pivots which predict monthly volatility, direction and reversal levels. Price started trading below monthly Camarilla S1 - Bearish Bias for now. Trendlines and channels also point move to the downside. Price is likely to retest liquidity block to the downside. TD breakout projection sends us there as...

ICFX Updated  Jun 7, 2022

USD dollar is likely to strengthen next days against BRL. I am looking for longs. This pair is one of the easiest to trade. Just moving averages will do. It is pretty straightforward on higher timeframes, no fake moves as in euro. For educational purposes only.

ICFX Updated  Jun 2, 2022

Geometric moving average (I usually use 9 period MTF from higher timeframe) is good filter for noise. In congestions it also tells the direction as it draws distinct wave patterns. Usually there are 3 corrective waves after series of impulsive moves. Hence price should make new higher high. Geometric moving average is often refferred as Exponentially Weighted...

ICFX Updated  Jun 2, 2022

I expect major bullish move on GBPUSD fro a number of reasons. For educational purposes only.

ICFX Updated  Jun 2, 2022

I expect price to keep trending bullish as we are above 0.5 standard Exponential Bollinger Bands deviation on all major periods (daily, weekly, monhthly) and broke up weekly roof. Price also forming bullish dragon pattern. For educational purposes only.

ICFX Updated  May 27, 2022

Dollar is likely to trend higher. It failed to break to the downside and now price sits just a few pips right above 2021 Close (very crucial line). Trend Break Failure and Morning Star Formation suggests Bullish Continuation. For Educational Purposes Only.

ICFX Updated  May 26, 2022

As for now, Turkish Lira is still ABOVE 2021´s Close (Black Line) and Came back to Restest it. Hence the Bullish Bias Remains. If price starts going up it will end at yearly R3. If price breaks below yearly S1 (what I find unlikely) the yearly downtrend will be to S3. For Educational Purposes Only.

ICFX Updated  May 26, 2022

Euro broke down weekly trendline with a gap. Gap breakouts is one of the critetias to validate the breakouts as true. And usually quite significant moves take place after gap occurs. Moreover, we have not seen any signs of reversals below yearly Camarilla S3 level. If price should start an uptrend it is here between S3 and R4. No such signs for now. Quite the...

ICFX Feb 2, 2022

I bet nobody of you looked at 23 hour chart of EUR or GBP. But this is the chart that will reveal some secrets to you as a trader. Take a better look at it. I have no logical explanation to this but its robotic nature is effective in forecasting impulsive price moves. You can use RSI with 23 hours chart. I find it esp useful as it is using closing prices, which...

ICFX Feb 1, 2022

This is where I am looking for shorts. The pullback back to monthly S4 (January S4) and from yearly S2 to yearly S1 is what I have expected. Price did exactly that and now its time to look for shorts. But price still can make to 2021 close, though I find it less likely as we have FILLED the gap (inefficiency) already. FOR EDUCATIONAL PURPOSES ONLY!

ICFX Jan 28, 2022

I am looking for shorts in EURGBP. Price broke yearly S1, retested the close. Now we should see big bearish trend to yearly S3. I didnt plot yearly here. This is micro trade in that big move. TIP: Watch, this is 23 hours chart. 23 hours charts show 23 hours market cycles (Impulse - Correction). This is best visible on EURUSD. FOR EDUCATIONAL PURPOSES ONLY!