TrustedFxTrades

TrustedFxTrades Sep 6, 2020

GBPAUD has been consolidating between these two support and resistance zone for quite some time. We are still waiting for price to form a higher high. I see three main possibilities for this pair this week. 1) Price can come up and break the resistance zone, retest and go higher forming the next higher high. 2) Price can break the support zone and head lower...

TrustedFxTrades Aug 30, 2020

CADJPY has been forming a rising wedge pattern. I see two main possibilities for the price to go next week. First and most favorable is for price to respect the level of support it just broke (Now resistance) and also respect the rising trendline and for price to fall form here breaking through the 200 EMA to test the bottom of the wedge. We also have divergence...

TrustedFxTrades Aug 30, 2020

Price broke out of a downtrend last week breaking multiple resistance zones. I see two main potential scenarios for this pair. First is we have failed to make the structure (Higher Low), so the price could break out of the 1HR rising trendline for the price to go down and form a new higher low. Second is price seems to be very strong and is likely we can just...

TrustedFxTrades Aug 30, 2020

AUNZD pulled back a bit last week back to the trendline. We are still overall bullish on this pair but I see two main potential scenarios. First is that price bounces of the trendline and breaks the 1HR structure to form higher highs. Second is we break out of this trendline and continue with the 1HR downtrend structure.

TrustedFxTrades Aug 30, 2020

GBPCHF failed to break out of the channel last week respecting the structure and 200 EMA. We broke the previous highs forming higher highs. I see three main possibles for this pair next week. First is that we go up from here towards the top of the channel. Second is we come back down to the bottom of the channel to retest the uptrend line and a minor level of...

TrustedFxTrades Aug 30, 2020

GBPAUD has broken into an uptrend and is still looking to make it's 2nd higher high. We are currently still consolidating between two support & resistance zones. There are two main possibilities I see can price doing this week. First is that price respects the support zone and 200 EMA from here and stays in the consolidation zone. Second is that price can break...

TrustedFxTrades Aug 23, 2020

NZDJPY broke lows on H4 making lower lows forming a downtrend. Also broke out of a major trendline. At this point, we are in a nice downtrend and will be waiting for a lower high to ride this trend down.

TrustedFxTrades Aug 23, 2020

AUDNZD has broken higher last week but came back down. We are almost at the -27 fib level on the higher timeframe. I see two scenarios on how we can reach that possibly this week. Frist scenario is price can go up from now respecting the minor support level to the left of it, or slightly go beneath the left low making a 1-2-3 Flat correction and going up the -27...

TrustedFxTrades Aug 23, 2020

GBPCHF has been consolidating for roughly 3 weeks in this channel. I still see this move as a correction on higher timeframes and am anticipating a move lower. There are two scenarios that I see possible as of now. First and what I prefer is a move to the downside breaking the support zone, uptrend line breaking out of the channel, and the 200 EMA. If this does...

TrustedFxTrades Aug 23, 2020

GBPAUD has broken into an uptrend 3 weeks ago and is still looking to make its 2nd higher high. We are currently still consolidating between two support & resistance zones. There are two main possibilities I see can happen to continue this uptrend. First is it can go up higher in price from where it is now. There is a downtrend trendline zone and 1HR is sitting...

TrustedFxTrades Aug 19, 2020

Price broke channel and 1HR structure, possible 1-2-3 Flat correction forming. Look for price to reach -27 possible -61

TrustedFxTrades Aug 19, 2020

Potential shorts on EURJPY, if lower timeframe structure is respected price could for a 1-2-3 Flat and come down to break the trendline on the higher timeframe.

TrustedFxTrades Aug 18, 2020

FLAT 1-2-3 formation, lower timeframe structure broke, a test of 2 crossing trendlines.

TrustedFxTrades Aug 18, 2020

Price broke under the last low making a potential valid 1-2-3 Falt. Price sitting on support zone. Entered on lower timeframe flag.

TrustedFxTrades Updated  Aug 17, 2020

EURAUD broke out of downtrend forming higher highs. Price formed a nice bullish engulfing near the 61.8 level, a support zone, and the 200 EMA. Looking to reach -27 extension.

TrustedFxTrades Aug 17, 2020

CHFJPY has reached back to the previous highs (resistance zone) on the weekly. Price seems to be rejecting and forming a head and shoulders pattern and a flag. If price breaks the bottom of the flag I will be looking into getting in for downside.

TrustedFxTrades Aug 15, 2020

Weekly structure is downtrend, also under 200 EMA. Looking bearish. H4 is sitting on a support zone, looking for price to break and retest support zone for resistance. Also H4 is coming under the 200 EMA.

TrustedFxTrades Aug 15, 2020

Price has gotten a bit ahead of itself. Still bullish but anticipating a pullback to the support zone and trendline. 2HR is showing divergence on the MACD on the ascending channel.