KingTraderFX

KingTraderFX

I have been analyzing USDCAD for a while now and I believe this is the time for a double top to be formed and that M formation shall be taking place like the previous W pattern USDCAD has built up. As seen in the chart, USDCAD touched for a double bottom at 1.34213 which I predict that we shall be lead to that level again. USDCAD has far too long rallied and we...

KingTraderFX

USDCAD looks like a sell on the H4 and has been moving steadily down from my last entry in UC. I believe that there will be a potential double top move looking to move towards the 1.37800s and since we are within that range it is clearly looking for prior price action to do a pullback or continue the reversal pattern of a downtrend. I am looking for this mainly...

KingTraderFX

USDCAD sell short as from my previous post spiked a bit before today's US FOMC news we are expecting at 2:00 PM EST. I have placed another short for USDCAD since we are phasing a major bull trend that has been building up for weeks prior to this news. I suggest placing in a short sell NOW prior to any news events occurring. ENTRY: 1.36880 TP 1: 1.35843 TP 2:...

KingTraderFX

USDCAD looks like a sell on the H4 and has been moving steadily down from my last entry in UC. I believe that there will be a potential double top move looking to move towards the 1.35800s towards the 1.35371 prior to a pullback or further breakdown of the pair. I am looking for this mainly to be a day trade, however, I will also be placing a swing trade for my...

KingTraderFX

GBPJPY short signal is clearly showing a pattern of rejections on the main resistance line. Looking for an opportunity here, I believe that we will see a nice downfall for this pair moving rather than stagnate like some of the other pairs this last week it seems. I am also in favoring the RSI since the RSI shows a clear indication we are about to cross over the...

KingTraderFX

Looking for potential set ups for UJ buys/sells. I was bearish a few days ago with my analysis and profited over 150 on that amazing drop that all JPY pairs dropped into. However, we could be in for a mini reversal until when we see the support trend potentially break. Rising wedge is looking like we can take a possible bearish move in the future. Please be sure...

KingTraderFX Updated 

AUDCAD looks like a good signal from here that has bounced off resistance, came back a bit, and seems to not be a strong higher low for AUDCAD. Our analysts and myself am calling a sell short here due to the fact this pair has repeated multiple patterns in the same way in the last few months and as well it has the best risk/reward ratio I have seen so worth the...

KingTraderFX

EURUSD looks like it can go long from here, last two supports have respected the trend and as well the fact being that EURUSD looks like its third wave back up for a retrace after a heavy drop. I have placed the entry, TP, and SL for the trade. Please message me or let me know any questions you may have in regard to this trade or in general about us and our page!...

KingTraderFX

GBPJPY looks like it is in a phase of bearish return in a downtrend channel pattern. We are currently looking to short on the market due to the rejection at level of 200.700 and we will be looking to see a drop of at minimum 200-400 pips before touching the main support trend line. I have my profits set there, however, please feel free to take any profits you wish...

KingTraderFX Updated 

Looking at a new rejection that seems to have been struggling to break past 1.93100 I can confirm to say this seems like a bearish downtrend that is occurring. I will take my entry now at 1.93072 with all inputs for TP and SL below. Please use proper risk management as always. GBPAUD Sell/Short ENTRY: 1.93072 TAKE PROFIT: TP 1: 1.89317 TP 2: 1.86379 SL:...

KingTraderFX Updated 

New sell short for GBPJPY sell short. I have a TP for 196.971 set in and a stop loss can be set for 25 pips. Please message me for any questions in regards of this trade.

KingTraderFX

GBPJPY looks like a sell on the daily and has moved strongly upwards from the last signal I called. This seems to be the top and for this updated signal I know for fact it can most likely drop from here. Resistance does not seem like it will break due to previous failures and as well we can be heading down potentially for months back to 194s area respectively....

KingTraderFX Updated 

Clear signs is showing that GBPJPY has been breaking its main resistance from 196.881 and we can see that a reversal is on its way. I have placed TP, SL, and Entry on screen. Please follow for more updates and signals with breakdowns! Please message me directly if you have any inquires about these trades.

KingTraderFX Updated 

EURAUD seems to have been forming on the daily a perfect second leg for W formation to reverse and go bearish from here. A perfect bearish doji is being formed and we can clearly see that the next stop is bottom support. Please use proper risk management upon entering the trade! EURAUD Sell/Short ENTRY: 1.66453 TAKE PROFITS: TP 1: 1.66186 TP 2: 1.61633 SL: 1.66978

KingTraderFX Updated 

EURUSD has attempted to pass 1.08135 but failed to break through resistance, for a swing trade of three weeks it shows it can swing from here on out. Looking to take two take profits TP 1: 1.06691 TP 2: 1.05283 SL: 1.08280

KingTraderFX Updated 

GJ is clearly on the verge of exhaustion and needs a major pullback from here. I am shorting at entry point posted on the chart. Please follow the entry, SL, and TP form plugins I have put on the chart.

KingTraderFX Updated 

USDJPY looks like it is willing to respect the trendline for what appears to be a bullish reversal pattern. I have a strong feeling from here we will see a nice movement upwards to 148 for a higher low retracement.

KingTraderFX

USDCAD on daily has shown that within the channel trade it will begin to reverse and has confirmed a rejection point. We should see a further sell off from here on out. Below is the trade analysis please be advised that we urge proper risk management for the safety of your margin accounts. Thank you. USDCAD Sell/Short ENTRY: 1.34809 TAKE PROFIT: TP 1:...