ITFX_Trading

ITFX_Trading

Information on the chart. SL 55.00

ITFX_Trading Updated 

Price has struggled to break the 1502 region and I am looking for buys. SL 1499 TP 1511

ITFX_Trading

Price is at a key level right now. If it breaks this level it will be the lowest that it has been since May 2017. Price has struggled previously a number of times to break. SL: 1.0900

ITFX_Trading

Price has broken & restested the highlighted zone and I have sold.

ITFX_Trading

Price has broken out of a 4h consolidation that has lasted a long time. Price has re-tested the consolidation zone and it has been rejected on the 4h time frame. Should see the price shoot up. SL: 0.8800

ITFX_Trading

Strong resistance on the 4h. Head & Shoulders. TP 1: 1512 TP 2: 1460 SL: 1534.89

ITFX_Trading

Price has broken the 1h trendline and is lined up with a support level. I will be looking at putting a buy limit in at 1.80029.

ITFX_Trading

Price has reversed from the bottom of a daily descending channel and has broken out of the descending trend line that is lined up with a support zone. Price has the potential to retest the broken zone and move up to the top of the descending channel.

ITFX_Trading

Price is struggling to break the daily trendline and has formed a resistance on the 4H time frame. I have shorted this from here and I'm hoping to see a drop to around the 0.73139 region (long term).

ITFX_Trading

Double bottom has appeared and the price has shot up. The 4H decending channel has been broken. I'm waiting for a retest of the trendline, with the view of going long. This could then easily go up to 1.27838 > 1.31764 depending on Brexit negotiations etc.

ITFX_Trading

I will be waiting for a breakout and a strong sell setup.

ITFX_Trading

Price could potentially break through resistance and out of the decending trendline, however I will be keeping my eye on it to bounce off resistance and to the bottom of the channel.

ITFX_Trading

I think USDCHF will tank next week. For an unknown reason, CHF performed really bad towards the end of the week and will gain strength next week. DXY is at highs (see my DXY chart) and should reject the top and drop down - meaning that USD will lose strength.

ITFX_Trading

The USD had a massive jump on Friday to highs - with a slight re-tracement before market closure. I believe that it would be risky to buy USD at this stage. I will be looking to short USDCHF next week (see my USDCHF chart I'm about to post.

ITFX_Trading

Price reversed from a descending trend line and it broke out of an ascending one that is lined up with a support zone Price has the potential to retest the broken zone and move lower towards the bottom of the descending channel I will be waiting for a bearish opportunity on a lower timeframe to confirm the down move, will look for a 1hour bearish move.

ITFX_Trading Updated 

Price is moving towards the top of a weekly ascending channel and it has the potential to reverse to the downside. It has been stuck in the same range for the past week, between the following levels: 1510, 1501, 1496.5, 1492.3 I believe that it will go down next week, it just needs to break past 1492. How low will it go?

ITFX_Trading

AUDUSD is still dropping, however it’s currently at the bottom of a daily descending channel. We have two options. Up or down. Let's see what next week brings.

ITFX_Trading

The price has reversed from a support zone that is lined up with the bottom of a descending channel and it's moving higher. The price broken out of the bottom of the channel and then made a reversal bullish engulfing candle and it has the potential to move towards the resistance zone. I will be keeping an eye on this pair next week to see how it acts at the top...