PrimoFx_Trader

PrimoFx_Trader

Last week into this week price made a bearish impulse from 95.000 to 91.000 breaking support now turned resistance at 93.000. Price upon testing resistance which is in confluence with 50% of the fib pulled on the impulse formed a double top and by doing so aiding the bears. On the retest of the neckline we can scale down on the smaller TF to look for entry with...

PrimoFx_Trader

Impulse from 0.74500 to 0.76000 can be seen from the daily TF with a slow but messy correction between the Golden ratio and the 78.6% of the fib taken on on the impulse. During the correction we can see price created double bottom which supports the bullish pressure. From here we can look for entry with TP at 0.76700.

PrimoFx_Trader

A bullish impulse from 1.59300 to 1.63000 can be seen from the daily TF of EURNZD and after an impulse comes a correction to at least the 38.2% of the fib but in this case correction made it way to the 61.8% also known as the golden ratio which can be seen in confluence with the broken resistance turned support at 1.61000. A double bottom can also be seen on the...

PrimoFx_Trader

Last week oil made a bullish impulse from 9200.0 to 10800.0 breaking resistance level looking at it from the daily TF. On the retest of the broken resistance turned support which is in confluence with the 38.2% of the fib pulled on the impulse, price created a potential inverse head and shoulders looking at it from the 4Hr TF. On the formation of the right...

PrimoFx_Trader

Last week price made an impulse with good momentum to the upside from0.92000 to 0.93600 breaking resistance level at 0.93000. On the retest of the broken structure price was rejected by both now support and 38.2% of the fib level. Also there was the creation of a double bottom. From here we can scale down to the smaller TF to find our entry with TP at 0.94200.

PrimoFx_Trader

EURAUD has been in a bearish state for some time now and from where price is currently sitting at we can expect its continuation to the downside. Starting from the daily timeframe we can price made an impulse from 1.49500 to 1.43500breaking below support level between 1.46000 and 1.45500. On the retest of the broken support turned resistance price formed a head...

PrimoFx_Trader

Starting last week into this week price made an bearish impulse from 1.49000 to 1.44000 breaking support level at 1.46000. On the retest of the broken support turned resistance price can be seen being rejected by the 38.2% of the fib. Further confirmation can be seen on the 4hr TF as a double top has bee formed. The retest of the neckline of the pattern will be a...

PrimoFx_Trader

From the beginning of this week there was an impulse on EURCHF from 1.02500 to 1.01500 breaking support at 1.02000 on the daily TF. On the retest of the support now turn resistance price can be seen rejecting the structure which is in confluence with the 61.8% of the fib pulled on the impulse. Further confluence for a bearish bias is the formation of a double top...

PrimoFx_Trader

From last week oil made a bearish impulse from 10800.00 to 9800.00 breaking daily support at 10300.00. We can see during the correction price was rejected by both the daily support, the 50% of the fib pulled on the impulse and there was a formation of a double top. From here we can scale down to the smaller TF to look to short with TP at 9400.00.

PrimoFx_Trader

NZDCAD has been on a bullish trend for the past two months now and in it's bullish trend made an impulse from 0.83500 to 0.88000 breaking key resistance level at 0.86000 looking at it from the weekly TF. During the correction on the impulse price rejected of the 38.2% of the fib which indicates strength from the bull's side. Also a double bottom was created giving...

PrimoFx_Trader

GBPCAD made a bearish impulse from 1.69000 to 1.66000 breaking key support level at 1.68000. During correction on the impulse price made a rejection at the Golden ratio (61.8%) which was in confluence with the supply zone on the 4hr TF. From here we can look entry on smaller TF with TP at 1.64780.

PrimoFx_Trader

Again from last week price made a massive impulse from 155.00 to 151.00 braking key support level at 154.00 looking at it from the daily TF. This week we can see price made a shallow correction which was rejected at the 38.2% of the fib pulled on the impulse which indicates weakness in bull strength. moving down to the 4hr TF we can a break of support structure...

PrimoFx_Trader

NZDUSD made bullish impulse from 0.67500 to 0.69000 during last week and as we know after an impulse there should be a correction at least to the 38.6% of the fib pulled on the impulse but in this case price made a correction all the way to the Golden ratio ie 61.8% of the fib and from there we can see price rejecting to the upside. Further confirmation was made...

PrimoFx_Trader

Starting from the daily TF we can see price completing the right shoulder of head and shoulders pattern which occurred at the key resistance level at 0.80000. Further confirmation for bearish move can be seen as price was rejected at the GOLDEN RATIO( 61.8%) o the fib pulled on the of the pattern. we can look for entry upon the retest of the broken 4HR support...

PrimoFx_Trader

An impulse from 130.300 to 127.800 was made from last week to this week breaking key support structure at 128.500 on EURJPY. During the retest of the now resistance key level which is also in confluence with the 38.2% of the fib pulled on the impulse, price created a double top on the 4HRs TF giving more confirmation to the presence of bears in the market. Upon...

PrimoFx_Trader

GBPCHF from last week made a dovish impulse from 1.25500 to 1.23400 breaking support at 1.24500. Upon trying to retest the broken structure price got rejected at the 50% of the fib pulled on the impulse. further confirmation can be seen as price tries to complete the potential head and shoulders on the 4hr TF. We can now scale down to the smaller TF to look for...

PrimoFx_Trader

Last week we saw an impulse to the downside from 1.13500 to 1.12000 breaking 1.13000 support structure on the daily TF. Pulling our fib on the impulse we can see price made a correction to the 61.8% of the fib and from the we had further confirmation from the 4hr tf which formed a head and shoulders. Upon the completion of the right shoulder we can scale down to...

PrimoFx_Trader

Looking at NZDCHF from the daily timeframe we can see an impulse from 0.61300 to 0.62500 and the basic knowledge market price tells us that after an impulse there should be a correction at least to the 38.2% of the fib pulled on the impulse. In doing so we can see price got rejected at the 61.8% of the fib( GOLDEN RATIO). Further confirmation of bullish momentum...