madanhileeroy

madanhileeroy

Good day traders. Hope you have been well. Here is a nice setup to consider over the weekend, USDCHF. As you can see we are looking to go long , reason being that we are seeing a formation on a possible 61.8% buy retracement , meaning we are looking to buy around level 61.8% zone.

madanhileeroy

Good day traders. Here is a setup on USDZAR, as you can see in the chart above we are looking to buy USDZAR with the reasoning that price is going to continue coming down to the 61.8% Fib retracement and pair correlations and other technical analysis. Conclusion we look for Buys around the 61.8% zone.

madanhileeroy

Good day traders, We are still moving with AUDCHF, here is an update. As you can see in the image above we have a range inside a range and the reason we analyzed the chart this way is to try and minimize the idea as small as we can, so that we can identify entries that accommodate your accounts. From here it is quite simple just apply the necessary range...

madanhileeroy

Good day traders. update on AUDCHF. As we can see we have an ascending triangle formation, because we have a bullish bias on this setup we will be looking for any bullish patterns signaling Buys. So please trade with caution because this pair can be quite aggressive and has quite a big spread so use proper risk management.

madanhileeroy

Good day traders, i hope you have all been well. Lets get into it. In the chart above is an update to the AUDCHF setup we have been following the past few weeks. As we can see that price respected out support and is headed for our resistance indicated by the first red rectangle and i believe price is going to break these resistances and continue pushing up and...

madanhileeroy

Good day traders, i hope you have all been well. Lets get into it. As you can see on the chart above of AUDCHF we have a bullish flag, basically we have a range inside a range, so since we had agreed on the fact that AUDCHF is bullish it's safe to look for buy. Find entries that accommodate your accounts.

madanhileeroy

As you can see in the chart above of gold we have had a very strong resistance in the red rectangle and that resistance is also level 61.8% Fib Sell and because these reasons and pair correlations we would be looking to sell gold.

madanhileeroy

As you can see in the setup above of USDCHF we basically had a range(correction) in our support and resistance and price broke our resistance , came back and retested the old resistance as new support which is also our 61.8% Fib, hence we can expect a push to the upside on USDCHF

madanhileeroy

Good day traders, i hope you have been well. Lets get into it. This is a follow up on the AUDCHF setup posted previously, As you can see in the chart above price really pushed to the downside a lot and the perspective at the moment is 61.8% fibo retracement and we had a nice push to the upside around that area, so catch your entries that accommodate your accounts.

madanhileeroy

Good day traders, Lets get into it. As you can see on the chart above of AUDUSD we have a structure that seems to be forming a Head and Shoulders, we had our left shoulder currently forming what seems to be the head so we can capitalize on the SELLS.

madanhileeroy

God day traders, I hope you have been well. Let's get into it. As you can see on the image above of AUDCHF Long we clearly have our support and resistance indicated by the blue and red lines. Blue lines are our strong support and red lines are our resistance, price rejected our strong support after it had left a huge wick from the down side, this indicating and...

madanhileeroy

Good day traders. here is a setup of USDJPY, price rejected the support indicated by the blue zone the buy is supported by principles of pair correlation and technical analysis and we have what looks like a strong 61.8% rejection of the Fibo. Find entries that accommodate your account and be careful of news events.

madanhileeroy

Good day traders, i hope you have all been well. Lets get into it. So as you saw with my previous upload i basically said that the Bears are getting ready to take over, meaning Sell XXXUSD. That being said because of reasons such as pair correlation and technical analysis as shown in the image above price is currently at a strong Support level indicated by the...

madanhileeroy

Good day traders, i hope you have all been well, lets get into it. As you can see on the chart above we have been following NZDUSD for the past months and we saw that price formed a Double Bottom on the H4 timeframe. Price then rejected our Double Bottom Neckline and was very bullish for days heading the resistance we have reached right now and i believe price...

madanhileeroy

Good day traders, i hope you have been having a fruitful day. Lets get into it. This is an update on the NZDUSD setup that i uploaded a few days ago on the possible formation of a Double Bottom, and we clearly see that price has been respecting the setup. Price broke the Neckline of our Double Bottom , came back to retest the old Resistance(Neckline) as new...

madanhileeroy

Good day traders , i hope you have all been well. Lets get into it. This is an update to the BTCUSD setup i uploaded previously, As you can see on the chart above ,price just strongly rejected a very strong Support (48921.01-50709.12) and price continued to push upward and that gives us every reason to say it's safe to buy at all strong supports and that is why i...

madanhileeroy

Good day traders, i hope you have all been well. Lets get into it. This is a follow up on the NZDUSD formation i uploaded last time, the Double Bottom. We can all agree that the setup played out well, price reached the Resistance(0.62691-0.62970) and i believe price will or is heading back down to retest the neckline of the double bottom before it continues upward...

madanhileeroy

hello Traders, hope you are well. Lets get into it, in the chart above we can all see a great resemblance between BTCUSD and BTCGBP and because of them having a positive correlation it would be best to buy BTCGBP too if you are planning on buying BTCUSD. Lets break down BTCGBP real quick, we had a very strong rejection @ SUPPORT(38552.57) and price pushed up and...