Ironclad_Investments

Ironclad_Investments

GBPJPY has been trading in a tight range the last 2 weeks. What we can see now is price retesting a consolidation zone around the 134.000 handle. From here price could find reload buyers, if price does react from this area I'd expect price to then head towards the next resistance zone which also lines up with key fib levels which we will then study to look for entries.

Ironclad_Investments

GBPAUD is currently on the cusp of an uptrend and trading around our trend-line. We're looking at this area closely for future price action to confirm our bias on the pair. The 2 levels of importance are 1.95 and 1.98. As long as price is above 1.95 we will expect the pair to continue to be bullish and if price can break and retest 1.98 we will be looking for...

Ironclad_Investments

Running nicely on gold, expecting to break through resistance area outlined, will be adding positions on pullbacks/retracements.

Ironclad_Investments

We are expecting further downside to come for USDCHF. On the lower TF's we are waiting for a pullback and the rules for our strategy to be met. We have outlined where we can expect price direction.

Ironclad_Investments

We recently posted our thoughts on this trade. We were waiting for price to enter this zone and our order has now activated. A nice simple trade, break and retest of structure, lining up with fib levels. On lower TF's we are seeing a rejection from this area and can expect some upside to come.

Ironclad_Investments

We are seeing on EURUSD an opportunity to short. We've had the expected downside from the retracement level. However, price wasn't able to create any lower lows and retraced into another previous supply/demand zone. The way that price entered towards this level imo is mainly due to the lack of volatility/liquidity the last few trading sessions. Fractals are when...

Ironclad_Investments

EURJPY Failed to break above structure by being unable to create any higher highs and breaking above the resistance area which also lined up with fib levels. We are now seeing downside which is supported from COT position which shows banks still continuing to add long positions to the yen. We're seeing banks start to accumalate some strong long positions so we can...

Ironclad_Investments

EURNZD has been very bearish recently but price may find support around the 1.77-1.79 region, which also lines up with a key fib retracement level. We are also entering oversold territory so we could see some relief for the euro. However, with multiple bearish candle sticks on multiple time-frames it appears bears are not over yet. As per usual, we will be waiting...

Ironclad_Investments

Will be entering short when rules of my strategy are met. On the 4 hour which I use for entries, I will be waiting for a touch of the 200 MA, trend line touch and rejection from the resistance area. We've also had a rejection from a key fib level to provide another confluence. This potential setup will provide a 6.48 R/R as we aim for previous lows made last month...

Ironclad_Investments

We've had the move lower on AUDUSD, retracement into key fib levels and some confirmation of the rejection area. I am now looking for a pullback to enter short to increase the probability of the trade and increase my R/R.

Ironclad_Investments

I have a long bias on gold and believe we could hit the $1800 mark within the next couple of months. However, i'll be looking for some confirmations first, the first being if price can break and hold above the $1640 region. If so will be looking for longs at supply zones. Alternatively, if we see some downside I will be waiting to see how price reacts from the...

Ironclad_Investments

We’ve seen a sharp movement upwards from the beginning of march. We then saw some profit taking and price retrace to a key Fib area where bulls took over again bringing price higher again. What we are now looking for is if we can close above this highlighted area to confirm further upside. If price is unable to close above this area, then we will be looking for...

Ironclad_Investments

USDJPY has been showing some impressive moves recently. At the moment, it appears that price has broken through a key support level and is retesting it proving a good opportunity for reload sellers to push price lower. USDJPY failed to create a higher high and we saw a JPY gain alot of strength. However, we always need to be skeptical - we will be waiting for...

Ironclad_Investments

USD has tanked almost 9% against the CAD, naturally after experiencing a move like that you would expect some pullback and profit-taking. This has been the case and along the way price has created an ascending triangle formation - this pattern indicates when the structure is broke, by creating a higher high - further upside will follow. We are hoping that there is...

Ironclad_Investments

As you can see we are in a downtrend, price has recently respected key fib levels and pushed lower, we are at a minor support level atm and i expect in the early sessions next week to see some relief and a retracement to a higher support area where I will be looking for shorts.

Ironclad_Investments

If this area holds, bouncing from the 200MA and Fibonacci level we could see see a second leg of strength for the dollar. As we know, during uncertain times, crisis' and recessions - the dollar rules king. If the Covid-19 panic selling continues it would support this analysis and strengthen the dollar. We are also seeing many correlations across the board for...

Ironclad_Investments

Another possible retracement play on GB [USD, lining up with a resistance area, fib level and 200day MA. Could see sellers look to add positions around this key area. Will be waiting for rules on the 4HR to be met in order to place trades.

Ironclad_Investments

Crude oil prices still in a huge decline with Russia and Saudi Arabia still in a stand off unable to come to an agreement with term on a deeper supply cut. Also with COVID-19 impacts on oil, global demand is falling. We could see $9-10 per barrel area tested.