Nikladon

Nikladon

On 1D, there is no clear trend. Price may continue down since we have a LL and LH. But we have three EMA’s as barriers to moving down. We have no see what price does. On the 4H, we have a good bullish move. We are also above all EMA’s which is good. Price seems to be moving up from here. On the 1H, we have a triangle squeeze, which price will break soon. This...

Nikladon Updated 

Consolidating in 1H and 30M. Maybe something big is going to happen during the London Session. We wait for a nice bearish candle to enter. Also, it will be nice to see price go below the blue line drawn, as it will give us further confirmation about the downwards move.

Nikladon Updated 

NZDUSD is going up in all TF's. A very small triangle is spotted in this case, we will wait for break to the upside to enter into the market.

Nikladon Updated 

GBPUSD is going up in all TF's. We see a nice bullish candle right before entering and a bounce off the 20EMA. Even the RSI looks good. Therefore we enter into a trade.

Nikladon Updated 

CADCHF has been in a nice downtrend for a while now. Once I saw that price bounced off the 20 EMA, I entered into a sell trade. I've marked my entry, SL and TP. Let's see how this trade plays out.

Nikladon Updated 

Recently EURJPY reached high points in the chart at 173.016 From there it fell and continued downwards. I took a quick demo trade with an inverse risk to reward. Not the ideal thing to do, but I didn't want to keep my TP higher than 173.016 since we know it's a strong resistance level. Got a quick win there. Now, on the 4H, we can see that one huge red candle...

Nikladon

USDCAD has a triple bottom which we can see. Price already has started to break out and is heading upwards. We know that, at the time of writing, USD has strength while CAD is weak. Which also supports the triple bottom. Price broke through 1.37700

Nikladon

We are seeing a Head and Shoulders Reversal Pattern on the NZDUSD 1D chart. If the price goes below the 0.58900, we will see a further downtrend.

Nikladon Updated 

GBPCHF seems to be forming a visible double bottom. The second bottom has to still form, we are waiting for that. If the second bottom does form, we'll be looking for buys.

Nikladon Updated 

The next few candles for USDX price will be extremely important to understand where the dollar index is headed. Based on that, we'll be able to choose 'which' Forex pairs we can trade, and more importantly 'how' we can trade them. If price starts to follow the green line, and takes out 99.000, we'll be in an uptrend. If price goes back to the red line and...

Nikladon Updated 

USDJPY is going down in all TF's We want to see a SELL position. On the 15M, we see a Triangle being formed. If it breaks below, we want to enter into a SELL position.

Nikladon

If EURUSD pushes upwards and breaks that resistance line, we can look to enter into a LONG position.

Nikladon Updated 

EURGBP has been in a nice uptrend on the 1D and 4H. Now, it is reaching a major resistance level at 0.86900. Looking at the strong buying, there is a chance that price may break that level a move above 0.86900, but that is yet to be determined. I've taken a demo position in this case, aiming 1:1 but possibly aiming for that 0.86900 level. I saw a nice bounce of...

Nikladon

EURCHF on the 1D has been consolidating for a few months now. Box has been drawn to indicate that. It's been all noise and I dont think it would be wise to trade in a choppy market. I'm wondering if anyone is trading EURCHF and has found a profitable way to trade it in this choppy market. Open to hearing any strategies being used in this market. Key level of...

Nikladon

EURUSD is consolidating between the red box shown. Previously, it can be seen that, this whole area between 1.17050 and 1.16630 is very choppy, and not the best area to place any trades. Look at the market structure latest HH. If price pushes above 1.17050, we will continue in an uptrend, and then we will look for BUYS. Now, look at the red trendline drawn. It...

Nikladon

EURCAD recently made a faekout at the marked candle. The candlestick pattern we can see is a Shooting Star. Yes, it does have a small wick at the bottom, but more or less looks like a Shooting Star. After that, it fell right back into the channel. It's good to see that the channel is being respected. Now, there's two possibilities that we're looking at for a...