ThomThio

ThomThio

Reaching low of the day, and support point for last month. Unlikely to break support, unless something fundamentally different with the Euro. Additionally, price action states the worst bearish move for the day has happened - low volatility towards the downside. This has caused exhaustion, and price is resting. Resumption of a bearish trend to have low...

ThomThio

Hey everyone, been awhile! Been checking out other asset classes while taking a break from FX - came back with some new indicators to check against them - NOT to use them as signals! As usual, price action only: 1. Support has been broken 2. Trend is down 3. Strong bearish candles in a row, we enter shorts with the downward movement

ThomThio Updated 

1. Strong momentum pushing price higher above support levels 2. If there is a break in price action here, we can opt to go short to trade an inner cycle. However, note that this would be trading against the larger trend at work!

ThomThio Updated 

1. Intracycle trend happening here. Price action seems to indicate a ranging channel as highlighted by the big blue rectangle. 2. If it breaks the top, we go long. Vice versa if it goes through the bottom!

ThomThio Updated 

1. Testing support, but not seeming to break through 2. Bulls seem to be gaining some strength for a move. Will observe closely, update in a few hours time!

ThomThio Updated 

1. Price has hit a major resistance level 2. Price action and trend is downwards 3. Bears seem to be control of overall trend

ThomThio

1. Price does not seem to want to settle at support 2. We have some distance to cover to nearest resistance level. 3. Not the best Return/Risk, but we analyze for the move nevertheless as these are important levels. If it breaks past support, we will go short.

ThomThio Updated 

1. Resistance has been broken, strong movement upwards 2. New highs to be reached. Will monitor with a tight stop!

ThomThio Updated 

1. Hit lowest support and price is moving away Is this a good reason enough? Will update in a few hours time.

ThomThio Updated 

1. Price retracing downwards 2. Has tested resistance level. Likely to go downwards Note: We are trading intracycle!

ThomThio Updated 

1. Price testing new support level a few times - strong bull participants present! 2. Overall trend shoes going neutral to up. Long @ 88.751 Will update in a few hours time!

ThomThio Updated 

1. Reaching resistance, peak of hourly so far 2. Price has a long way down to go - we think it will likely retrace for a little if it wants to go up! Sold @ 129.938

ThomThio Updated 

Hi folks been awhile since last post - got busy with life. 1. Resistance at an interesting level 2. Support with some gap to go Will update in due course.

ThomThio Updated 

1. Higher and lower timeframes suggest a slight downwards correction 2. We are trading against the trend - careful pip stop is required!

ThomThio Updated 

1. Strong support levels via big green candles near to level 2. We enter this trade slightly earlier (as we want to head to bed earlier than usual) while possibly getting the same returns over 8 hours. Will update soon!

ThomThio Updated 

1. We are in the middle of a strong support zone, which had been surpassed as a resistance level some days back. We expect strong buying pressure here. 2. Lower timeframes suggest that buyers are active, pushing up prices.

ThomThio Updated 

1. Uptrending market 2. Undecided price movement 3. Strong support below levels, and an inclination to reverse upwards! Will update further later!

ThomThio Updated 

1. Price seems to be struggling to get a new top. Bears might take control soon. 2. Interesting fightback candle by candle by the bears! Will update in an hours time.