Phoroneus

Phoroneus

Hey guys! So this is a quick counter trend trade off of the support up into the trendline. The candles are encouraging, and if the current candle finishes somewhat it looks like now, then I will be going long. I will update with Entry Levels! Check Out Our Focused Forex Chat! atlas-trading.signup.team

Phoroneus

This Trade is a simple short, given the overbought strength into resistance. If I see some more bearish candles, I will be shorting. Will update with entry levels! Check Out Our Focused Forex Chat! atlas-trading.signup.team

Phoroneus

If this candle finishes with a strong bullish body, then I will be climbing in to ride a short bounce up. It looks slightly oversold, and the possibility of a bounce is high IMO. I will be updating with entry if I end up going long. Check Out Our Focused Forex Chat! atlas-trading.signup.team

Phoroneus

This one I will be going short upon the completion of another bearish candle. Im looking for either a pinbar or engulfing candle to seal this one. I will be updating with Entry, etc. Join Our Focused Forex Chat! atlas-trading.signup.team

Phoroneus Updated 

This one is all about watching the price action. The RSI isn't really telling us anything useful, but we have an interesting structure forming here. Traditionally, I'd be looking for a break of this resistance, but something tells me that if it breaks, it wouldn't be a violent move down. Instead, I'm looking for a bounce candle so I can ride this trade back up...

Phoroneus

If this pair closes below the trend line tomorrow at 4pm, then I will be taking this pair short for sure. The strength suggests a break lower. This is a pretty simple trade! Join Our Focused Forex Chat! atlas-trading.signup.team

Phoroneus

Coming off of this double top, we need to look at this crucial level. Depending on how the candles behave in the next few days, we might have a profitable bounce on our hands. I will be updating with candle analysis as we move forward. Just remember, trade after confirmation of the move! Don't waste your money betting just to be up 20 pips. Check out our focused...

Phoroneus Updated 

Textbook trade here - Weak strength breaking through a LONG term trend line. I'm riding this one down to 1.296.

Phoroneus

Put this one on your watch lists folks. I'm looking for a downward break to sell if buyers get thwarted.

Phoroneus

Here we see weak RSI, along with a strong break of a long term price level. I'm going to be watching the price action on this one, and if i see buyers thwarted, I will be selling short. Watch this one guys.

Phoroneus

I'm taking this one short right now all the way until 1.47. We see weakening RSI, strong downward motion in the price action, all in the midst of a downtrend. Just watch for some unexpected breaks up, and you should be golden.

Phoroneus

This post is a bit hypothetical and completely out of character for me, because I usually trade after I've received complete and total indication that moves are going to play out in my favor, but I've seen this pattern play out so many times that it seems silly not to at least make you guys aware of a possible way this pair could develop. I see an uptrend forming...

Phoroneus

Depending on how the candles behave on this one, we might be seeing a classic Head and Shoulders pattern, which means that this extended pattern that has played out over the last few months could signal a YEARS LONG trend reversal for Sterling against the Euro. Watch the candles over the next few days, and we might have our answer. Look for Pin Bars and Inside Weakness.

Phoroneus

Here we see a rising RSI, weak candles, all moving into a support. I expect to see a bounce in the coming weeks.

Phoroneus

Just like CADCHF right now, CADJPY is seeing weak candles moving into strong resistance with terrible strength. This will be moving down in the coming weeks.

Phoroneus

This is probably the easiest trade I've ever seen. We are seeing weakening RSI, reversal candles, all moving into strong resistance. This pair will move down in the coming weeks.

Phoroneus

I expect this trade to break down, and then back up. The pair has just bounced off of a resistance, as well as passing through a months-long trend line with conviction. Depending on what happens, I will most likely be buying this once it moves closer to testing its new supports.

Phoroneus

Here, we have a trend continuation trade until 86.6. I have been riding this for the last few days, and I don't see a reason to get out until its clear that this trade will not be breaking resistance, which I believe it won't because of weak - double top - RSI. Watch candles in the coming days to determine whether this trade will break resistance or fall into...