TheFxAce

TheFxAce Updated 

This pair has been on quite a rally lately, showing strong signs of breaking out from the stubborn 1.92 resistance level that has held firm for quite some time. You can easily spot this level as it's marked by the trusty green dotted line on the chart. However, before we get too excited about this breakout, it's important to consider a potential fake-out...

TheFxAce Updated 

We finally got the breakout of the resistance level @ 1.267 so what next ?? Personally, I'm exclusively focused on buying this pair, but with a calculated approach. We will be waiting for a pullback , as it presents an optimal entry point. On the chart, I've marked a potential buying scenario, where I anticipate a retracement towards the breakout area. Ideally,...

TheFxAce

I'm getting ready to buy this pair, keeping an eye out for a potential dip down to around 0.666. This area is the newly created weekly demand/buy zone that caused the break and close above the weekly long term trend so is a good area to get back long My game plan here is pretty simple: is too buy during the dip down to the breakout region. I've pegged the targets...

TheFxAce Updated 

We have now reached a critical area as the price approaches the 184 level, which marks the beginning of the Monthly SUPPLY/SELL level I discussed in my previous post. This area was I expected to be a target for bulls, although I anticipated a correction before reaching this level, which has not happened yet. The 184 level holds key significance as it also...

TheFxAce Updated 

In the Daily charts, we've now retraced 100% of our last leg up . You can see right below the starting point of the leg up, we have a Weekly Demand/Buy zone beginning around the 0.875 level. Bulls might find this an enticing target for market entry, on a bullish signal. This area could potentially be a 'STOP HUNT' zone. As we all know how retail traders often set...

TheFxAce Updated 

We're approaching a key area on the chart that holds massive potential. It's the Monthly SUPPLY/SELL zone, a zone that emerged in 2020 during the chaos of CV when we witnessed an incredible near 1000 pip spike in just minutes, reaching an astounding 2.17. While revisiting those levels may be unlikely, we have a great short opportunity. Here's what I want to see...

TheFxAce

Quick update on yesterday's idea as expected we got the quick drop down towards 0.875 and then the quick move up with my TRFX indicator giving the bullish signal. Please read related post on the detailed analysis

TheFxAce Updated 

The Dragon has been absolutely on fire these past few days, fueled by the pound's strength and the yen's weakness. Unfortunately, my trading idea for this week turned out to be a total bust, and I got stopped out pretty darn quickly :( It happens, though. Ups and downs are part of the game. But hey, let's take a step back and reanalyze this pair. We need to zoom...

TheFxAce Updated 

Looking at this chart we have to go back all the way to 1980 to see the last time price was this high we have entered the Monthly SELL/SUPPLY zone that was created in that Year looking like it could go all the up towards 158 I will start to look for SELL signals as we go above 154 using the TRFX indicator on the daily charts this is a long term trade idea going...

TheFxAce Updated 

Are you primed to SELL this pair as it makes its final ascent above 95, anticipating a brisk drop to 93? The logic behind this setup is pretty simple. Take a look at the weekly charts. You'll see a pattern where every time price has busted through 95, it's been hit with a sharp sell-off. This tells us that 95 is a tough wall to break for the big traders also it's...

TheFxAce Updated 

Hey there, quick update on this setup. Like I mentioned in the initial analysis post earlier, I was waiting for a signal from the TRFX indicator, looking at anything from 4hr to 12hr. Well, it just gave the go-ahead on the 8hr mark after we saw a quick rise earlier - looks like we had a stop hunt. I've put my stop loss a bit above 178 and I'm keeping my eyes on...

TheFxAce

Today, I'd like to introduce you to the 'AEM' framework – a three-step process to successful trading. This framework is designed for everyone, from beginners starting their journey to seasoned professionals looking to refine their strategies. It involves three fundamental steps: Analyze, Execute, and Manage. Let's break down each element: 🔍 'A' for Analyze The...

TheFxAce

As you've seen, this currency pair has been steadily rising, and now we've hit the pinnacle of a weekly supply/sell zone dating back to early 2016. It's interesting because this point intersects the 2016 swing high, a level potentially crowded with stops, likely being eyed by significant market players. Price action on the lower timeframes is grinding higher...

TheFxAce

The SELL signal for this pair has emerged today on the 12-hour chart. As per our May 19th analysis, after breaking through the 138 resistance level, I've been patiently waiting the sell signal. The price not only surpassed 139 level but also went beyond 140, just as explained may happen in the initial analysis. Today the TRFX indicator gave us the all-clear to...

TheFxAce

As expected we got the rally back up to the previous support @0.655 talked about in the last post and have now entered the short term sell targeting the 0.64 level Stop loss is @0.655 and will trail this position down. Please refer to related post for full analysis behind this position

TheFxAce

I have two different perspectives: a short-term SELL trade for the upcoming week and a long-term BUY. After a significant break and close of the 0.655 support last week, the next potential level for this pair could be the 0.64 zone. This area marks the untested Weekly DEMAND/BUY zone that was established last year, following a rapid drop to the MONTHLY DEMAND/BUY...

TheFxAce

We got the break out of the previous resistance at 138 yesterday and approaching the untested weekly SUPPLY/SELL zone starting at 139 this is an area I expect to start seeing sellers come into the market though cannot rule out a move up towards 140. Looking at the 12hr and 8hr charts this pair is very over extended indicating sellers will be stepping in soon...

TheFxAce

Quick update on this idea from earlier in the week. As expected we got the move above 1.64 and then waiting for a 12hour signal on the TRFX indicator which occured so have entered the first position. As the pair still could go up to 1.65 where if this occurs I will enter again. First target for this position will be 1.60 where I expect some buying to come back...