IFRTRADING

IFRTRADING

We formed a possible Head & shoulders here . a Daily close below R 40 might be the trigger here for Possible R35 1TP and R32 as a 2nd TP. be mind full that should this fail to break and a break of last week's high this will mitigate the idea and stay with the current range.

IFRTRADING Updated 

Been keeping an eye on this now for 5 weeks and it seems we broke out and retested last week without fail .

IFRTRADING Updated 

In this triangle. keep an eye for a break in either direction with 108 tot he upside and 103 tot he down side.

IFRTRADING Updated 

IF all plays out it seems that the dollar can weaken quite a bit against the dollar. time will tel but if this inverse H&S plays out , we might have a lot of pips in it.

IFRTRADING

We closed the gap with a bullish flag and we broke out of it . although red for the day i am looking at entering a long position with Arrows as targets for 1st TP and 2nd TP

IFRTRADING Updated 

See description in CHART

IFRTRADING Updated 

We just comlleted a complex 4 wave down of A-E elliot wave structure. ( On support of wave 1) IF all plays out and the left shoulder is correct .... we completed the one leg of the head and are looking to go up again to complete the head, and then start the right shoulder. (In other words) ranging. Let me know what you think.... I did open a buy position of this...

IFRTRADING Updated 

COT wize we increased int he bullish trades for the week. I am NOT particularly interested in trading it for now but could be profitable if trend line is broken. Otherwise we might see sideways movement for this pair for a day or 2

IFRTRADING Updated 

We had quite a pullback on the last day before close on NU but i am not convinced that this is enough. We in a serious down channel due to sharply down trend it is my suggestion to wait for the rejection at the upper channel line and enter sells from there to avoid the consolidations. should we break the support line 0.62000 Can come into play as next...

IFRTRADING Updated 

Trying something new. The blank elliot wave is suggested to follow . P Lease leave inputs and tell me what you think. Possible 2 trades in one . Long on GBP USD and Short in USDXY

IFRTRADING Updated 

We broke trough the H&S pattern below the neck line and failed the breaktrough back up on the test today. I looking to short this pair and take profit on 1.39900 level

IFRTRADING Updated 

GBP We increased in net positions from 34k to 40k. We are on the bullish side which increased GBP/USD We mentioned in the COT report that GBP shows more bullish and we can see that in the price as well. we closed above the weekly pivot of 1.40873. with the current channel forming we could see another move upwards to 1.41526 and 1.41658 levels. Should we break...

IFRTRADING Updated 

We had tweezers top and as well at the end on top of the range in H4 Charts. If the down trend is confirmed a short should be in order back to 61.7% fibbo line

IFRTRADING Updated 

Possible breakout due to triangle formation . then bearish a couple days due to major resistance ..........

IFRTRADING Updated 

For the longer term traders possible idea on a short position for now and then a longer long position.

IFRTRADING

And i really hope that we can challenge 1.260000 should we break trough the R1 Resistance. Unlikely (for Now).