IkeOkeke

IkeOkeke

Good Afternoon Traders, The Euro currently sits at a level imminent for a big drop with the potential returns of around 200-400 pips. The RSI currently indicates significant divergence and I believe the GBP will gain some momentum during the remainder of the year, boosting the strength of the GBP and driving the euro down (this can be seen by my analysis of the...

IkeOkeke

Good morning traders Watch out for price breaking 1.31881 level. I'm expecting price to reach the 1.325 level by the end of the week. Price currently presents a good risk/reward. Please use the projected risk/reward as a guide and consider risk management before the execution of any trade Updates to follow @BrightForex

IkeOkeke

Good Morning Traders Looking on the 60 minute timeframe, price has recently retraced in a 3-wave pattern from the recent high (0.714) into the 61.8% retracement. Adding to the set of confluences is the RSI indicator which currently nears overbought territory. Where price currently sits at is a perfect level to enter for a sell, providing an adequate risk/reward...

IkeOkeke

Hello Traders, Looking at the GBP/USD on the daily timeframe makes the diagonal structure starting on the 25th January clearer. From the 27th February, cable has remained within a 350 pip range and as price consolidated, continued to range within what is believed to be a larger diagonal structure (25th Jan). The larger diagonal structure also ties in with the...

IkeOkeke

Good Morning Traders, The GBP 60 minute timeframe currently presents a small consolidation with the potential to break to the upside. I've placed my entry order at the 1.32436 level (red line) however will be watching the markets throughout the day to make sure the first fib level holds. I'm expecting the consolidation to break out today. There is not much...

IkeOkeke

EUR/USD Buy opportunity - Price has moved in a sidewards range since 20th Feb. - The range bound correction came after a strong impulse. Beginning to look like an extended flag pattern. - DXY Index (4hr) currently forming a correction for possibly some further downside. (96.30) is a key level on the dollar index that if broken Tues/Wed could fuel the euro...

IkeOkeke

Good Morning All, Last week we saw the pound move in a fairly range bound manner, similar to that of the DXY. With the DXY now presenting a sell opportunity you could take advantage of the pound moving to around the 1.32740 level before a more significant reversal. Looking on the 60/240min chart it looks like the cable has completed a bullish flat structure so...

IkeOkeke

Good Morning all, This week we could see price bid higher to around the 1.17908 level before a daily reversal taking place. The "5/Region" is roughly where the 5th wave could terminate before a more significant reversal. It also key to pay attention to the daily timeframe which is currently in the development of a 3-wave correction for some further downside. ...

IkeOkeke Updated 

Good Afternoon Traders, Whilst a buy opportunity presented itself earlier into the week, if you haven't found an entry, not to worry as the EURGBP looks to be setting up for another impulse to around the 0.89 level. Price is currently moving within a around a 2-week correction and we could find this breakout to the upside happening sooner rather than later. With...

IkeOkeke Updated 

Good Afternoon Traders, 1.35966 was a strong reversal area for the cable and I'm now expecting price to move towards the 1.346 level. Price is currently within a consolidation range and offers strong potential for the downtrend to continue pushing the pound to levels unseen in months. Good luck Trading!

IkeOkeke

Good Morning Traders, On this pair, we have a flag developing on the hour TF. Looks like a nice sell opportunity to sell the pair back to the trend line. My initial target is 1.27821 with second target 1.26335. Nice 2.5:1 RR trade. STOP - 1.29181 Good luck!

IkeOkeke

Good Morning Traders, EUR/AUD short term upside trade! I will be buying this pair to the swing high as the pair is still in a bigger correction with potential for a big move to the downside. My target is 1.49042, and I have quite a conservative stop at 1.48087 Good luck and trade with discipline and effective risk management! Ike

IkeOkeke

Good morning traders, Here on the GBPUSD, looks like we could see one more drop until a reversal. The drop will only be short term, falling to the 12725.0 level. My stop is placed at 12935.0 Good luck!

IkeOkeke

Good Afternoon Traders, This pair has been in a corrective structure for a while now and it looks like today we could confirm a break out of this channel signalling upside. I've entered my long based on the small flag formed on the 1 hour timeframe. I entered at 7885.1 and hoping to take profit at around 8057.1 (200+ pips) My stop is placed at 7851.0. I'm...

IkeOkeke

Add me on snapchat guys! - itsnotreallyike I'm currently short on GBP/CAD, opened at 163858 Expecting the market to push to the 162950 level. Good luck and follow me on snapchat for more updates (itsnotreallyike)

IkeOkeke

Add me on snapchat guys! - itsnotreallyike I'm currently short on NZD/CAD, opened at 9286.2. NZD/CAD currently in a big corrective structure so i'm waiting on the big drop. 10 pips in profit so i'll be looking to trail my stop soon. Good luck and follow me on snapchat for more updates (itsnotreallyike)

IkeOkeke

Good Morning Traders around the world! The NZDCAD 0.10% has consolidated on the 1 hour timeframe meaning we can prepare for another short opportunity which will hopefully take the market down to the key level i identified on my larger time frame analysis. (Below is the daily time frame and the breakout were expecting) Currently on the 1 hour timeframe, the...

IkeOkeke

Check out my previous related ideas posts on the FTSE 100! The FTSE has been in a big correction and it looks like it's ready to move to the downside.. I'm expecting the market to move to the 7090 level where we then might see a reversal but until then i'm bearish (unless structure changes) Thanks and Good luck! Follow @BrightForex on Instagram!