TheFxAce

TheFxAce

Quick post on the trade ideas from yesterday we go the drop down to the 138 zone as expected and have entered the BUY trade idea will target the 143-45 area and then turn to the sell idea. Read the related post to understand the reasons behind this setup

TheFxAce

Nearly a 1400 pip drop in this pair over the last few weeks and if you read my previous posts on this pair I was wrong about the 145 area being the top though the first easy target after the drop was correct at 138.500 level which was the previous swing high in the current trend. We are at this level now and just beneath it we have a daily DEMAND/BUY level...

TheFxAce

Great trade on this pair we were looking for a signal under 0.574 we got that early last month with price going exactly as expected hitting the first easy target on Friday which was the previous low in the down trend,, you can read the related post to learn the reasons for this trade. I have now closed the position as we are approaching a Monthly SUPPLY/SELL zone...

TheFxAce

Update on the BUY position on this pair on Friday we hit the first easy target for the position which was the previous weekly swing low in the current downtrend. You can read the related post to find out the reasons for this entry as it's went exactly as expected reacting well @ the weekly DEMAND/BUY level at 0.62 which is were we entered with 500 pips profit...

TheFxAce

Taking a quick look at the Monthly and Weekly charts looks like price is targeting this years low at $900 will be very interesting to see what happens at this level because if we get a clean break here then there is nothing really stopping it dropping down to $400 as this is where a nice Monthly DEMAND/BUY zone is located. This area is actually were the huge...

TheFxAce

As per my previous post on BTC we have got the clean break of 18k which has opened up the drop to the 12k area as there is nothing really in the way of it dropping to here. The 12k area will be key as we have a Monthly DEMAND/BUY level this is the origin of the huge moves up to the ATH'S there will be a lot of demand here we could even see a drop down to 10k as...

TheFxAce

As per my BUY trade from last month the pair is fast approaching the 1.02 -1.035 Weekly SUPPLY/SELL zone 1.02 being Septembers high I expect the market to take this high out and then have a short term correction towards the 0.99 weekly DEMAND/BUY zone which will become valid when the 1.02 September HIGH is taken out. The idea for this setup is to wait for my...

TheFxAce

Quick on this position from last month still moving nicely towards the final target of this leg up should expect the market to pop up above September's weekly high @ 1.02 which is actually a weekly SUPPLY/SELL zone this is where I will expect a short term sell off back down towards 0.99 then for the up leg to continue targeting the monthly SUPPLY/SELL zone that...

TheFxAce

A quick update on the SELL position from the other week the trade has been running nicely and is approaching the first target of 1.34 have closed 50% of position and moved STOP loss to 1.37. Read the related post to see how I spotted this trade setup

TheFxAce

Short BUY idea on this pair we have had a near 800 pip drop this week heading straight towards a nice Daily DEMAND/BUY zone which is located at the start of a weekly level also. I will start to look to enter this pair @ 1.91 or below using my indicator on the 4 hr or above to give a siganl a nice qick target for this pair is around 1.953 which is the low in the...

TheFxAce

We are approaching a nice weekly SUPPLY/SELL zone that starts around 1.16 we actually got an intial reaction at this area last week and I suspect we will go back up to test it again maybe a little further into the zone towards a previous LOW in the current trend at 1.17 which if you look at previous ideas that was the next target after we got the first test and...

TheFxAce

We are approaching a nice Weekly DEMAND/BUY zone which starts around 109.2 which is a previous swing high in the current trend that will likely form some sort of support and is a good area to go LONG again I will be looking for my indicator to give me a signal on TFs above the 4hr to daily around these levels. If this trade happens I expect a run back up to...

TheFxAce

Quick update on the GBPCHF trade idea from yesterday we got the move as expected above 1.14 and my indicator has give a SELL signal on the 8hR chart as explained in the post these where the conditions I was waiting to happen. Please read related post to understand the setup

TheFxAce

Possible SELL setup on this pair as we appproach 1.14 which is a previous low that was taken out by the current downtrend, we also have a Monthly SUPPLY/SELL zone that starts around 1.16 so we could see a quick impulse move up to this area. What I will be looking for is for my Trend Reversal King indicator to give me a SELL signal on any time frame from the 6hr...

TheFxAce

Quick update on the trade idea from earlier was looking for a SELL as price went above 1.01 we got this and have entered the position 💪

TheFxAce

We on approaching a big Monthly SUPPLY/SELL zone between 1.015 - 1.038 right at the start of this zone there is a smaller Weekly SELL zone I will be waiting for my indicator to start giving SELL signals from the 4hr timeframe up if price goes above 1.01 Will target the 0.96 area which is the newly created Weekly BUY zone, will update when the signal occurs.

TheFxAce

A quick update on the idea i posted yesterday was waiting to SELL above 145 we got a big impulse move up yesterday and just now got the SELL signal on the reversal indiicator on the 4HR chart lets see how this plays out. Will take profts and trail the stop as position moves down

TheFxAce

We are now approaching a big Monthly SUPPLY/SELL which starts around 145 which we have more or less touched twice so expecting an impulse rallly up through this level towards the 146 level which is actaully a nice Weekly SUPPLY/SELL zone inside the Monthly so is a nice area to get in to a short on a R/R basis. I will be waiting for a break of 145 and then for my...