PrimoFx_Trader

PrimoFx_Trader

Yesterday price made a bearish impulse from 104.500 to 103.00 breaking support at 104.00. During the correction price was rejected by the 38.2% of the fib pulled on the impulse creating a double top which gives further confirmation for a sell.

PrimoFx_Trader

From a technical perspective, price made a bullish impulse with good momentum from 0.34200 to 0.89300 breaking resistance at 0.36000. On the retest of the broken structure, price was rejected between the 61.8 and 78.6% of the fib and also a formation of a double bottom has just been created. From here we can look for our entry to buy on the smaller TF with TP at 0.40000.

PrimoFx_Trader

Price made a bullish impulse from 0.888300.00 to 0.89300.00 breaking resistance now turned support at 0.88800.00. On the retest of the broken structure which is in confluence with the 50% of the fib taken on the impulse, price formed an inverse head and shoulders pattern which further supports the bullish bias. From here scaling down to the smaller TF will be best...

PrimoFx_Trader

Yesterday price made a bullish impulse from 21600.00 to 23800.00 breaking resistance now turned support at 22800.00. Unfortunately price couldn't make it back to retest the broken structure but tested the 38.2% of the fib pulled on the impulse indicating strong momentum on the part of the bulls. From here we can look to take an entry with TP at 24400.00.

PrimoFx_Trader

Price made a bullish impulse on USDJPY from 131.500 to 136.500 breaking above resistance at 135.400. On the retest of resistance now turned support which is in confluence with the 38.2% of the fib pulled on the impulse, price created a double bottom pattern supporting the bullish bias. From here we can look to take a buy with TP at 138.000.

PrimoFx_Trader

Price on AUDUSD has been in a bearish trend for some time now and as the saying goes " the trend is your friend until the nasty reversal". Following the trend we can see price made a bearish impulse from 0.72500 to 0.68500 breaking support at 0.70500. Last price tested the support now turned resistance forming a double top which is also in confluence with the 50%...

PrimoFx_Trader

A bearish impulse started last week on XRPUSD into this week from 0.41000 to 0.30000 breaking support at 0.38000. Upon pulling the fib on it price made a retracement to the 38.2% giving a double top to support the bearish bias. From here we can look to enter with TP at 0.27000.

PrimoFx_Trader

EURJPY made a bullish impulse from 136.000 to 144.000 last week breaking resistance at 140.000. On the retest of the broken resistance now turned support which is in confluence with the 50% of the fib taken on the impulse, price can be seen breaking AND RETESTING a smaller RTS on the 4hr TF. From here we can take our trade with TP at 146.000.

PrimoFx_Trader

Last week price made a bullish impulse from 1.64000 to 1.67000 and after an impulse you definitely expect a correction which was made yesterday testing the 50% of the fib pulled on the impulse. Creating an area of resistance turned support with the help of a double bottom we can look to take a buy order on the retest of the structure with TP at 1.69000.

PrimoFx_Trader

Last week Friday price started a bearish impulse on EURCAD from 1.35300 to 1.34000 breaking support now turned resistance at 1.34800. On the retest of the broken structure which is in confluence with the 61.8% of the fib taken on the impulse, price can be seen rejecting the area with a double top. From here we can scale down to the lower TF to enter a short with...

PrimoFx_Trader

From the beginning of the week,price made an impulse from 0.69000 to 0.70400 breaking resistance now turned support at 0.69500. On the retest of the broken support now turned resistance which is in confluence with 61.8% of the fib, price can be seen rejecting the level and from here we can scale down to the lower TF look for entry with TP at 0.70800.

PrimoFx_Trader

Price made a bullish impulse from 10800.00 to 11800.00 breaking resistance at 11400.00. On the retest of the broken resistance now turned support is in confluence with the 50% of the fib taken on the impulse, price creating a potential inverse shoulders and currently the right shoulder can be seen to be forming. From here we can scale down to the lower TF to look...

PrimoFx_Trader

GBPCHF finally breaks out of range with an impulse from 1.22000 to 1.20000. On the retest of the broken support now turned resistance at 1.21200 which is also in confluence with 50% of the fib pulled on impulse, we can see price created a double top and from here we can scale down to smaller TF and take our short we TP at 1.19500.

PrimoFx_Trader

Last week EURUSD started an impulse which continued into this week starting from 1.05500 to 1.07400 breaking resistance which is now support at 1.06300. From the chart we can see the broken structure (RTS) was in confluence with the 50% of the fib taken on the impulse and price tested it successfully providing a double bottom to support the bias. We should expect...

PrimoFx_Trader

From last week price made a bullish impulse from 0.84000 to 0.86200 breaking resistance at 0.84800. On the retest of the resistance turned support which is in confluence with 50% of the fib taken on the impulse, price has created a double bottom and from here we can look to take a buy order with TP at 0.86800.

PrimoFx_Trader

From the chart, we can see price made an impulse from 127.00 to 131.00 breaking resistance now turned support at 129.500. On the retest of the broken structure which can be seen being in confluence with the 50% of the fib price bounced off nicely yet unfortunately price moved too fast to get a reliable entry. Today price made another nice pull back creating a...

PrimoFx_Trader

GBPCAD made a bearish impulse last week from 1.64000 to 1.6000 breaking support now turned resistance at 1.63000 and ended it with retracement to the 50% of the fib pulled on the impulse. Looking at it from 4hr TF we can see a double top created signifying bear's strength. Scaling down to the smaller TF we can look for entry with TP at 1.58000.

PrimoFx_Trader

From the chart we can see a Bearish impulse from 1960.00 to 1880.00 breaking support now turned resistance between 1920. and 1910.00 which is in confluence with the 50% of the fib pulled on the impulse. Moving down to the smaller TF we can look for entry with TP at 1840.00.