rhf_fx

rhf_fx

I had already highlighted the two potential setups, buys were preferred as the traffic above to the left was much cleaner to our target at the next resistance zone. Price broke above resistance on the 30m timeframe and before entering, I waited for support to form on the 15m timeframe. Support then formed so my next job was to wait for a confirmation for my buy...

rhf_fx

We had highlighted already that we would look for sells if we broke below 1900. Price broke below 1900, and before executing sells, we waited for resistance to form on lower timeframes, in this case the 15m timeframe. When price then broke the low of the previous 15m candle, after already forming resistance, we executed sells, with stops above the high of the...

rhf_fx

Gold has just gapped up on market open. 1) If we close above 1904.26, buys can be executed on lower risk if we form a support on lower timeframes, we could potentially target 1908 before targeting 1912. 2) If we close below 1900, and form resistance on lower timeframes, we can look to ride price back down to support at 1891, giving us almost 100 pips.

rhf_fx

We are currently trading in a 30 pip range. 1) If we close above 123.475, look for support to form on lower timeframes before executing buys to fill the range up to 123.800, I have highlighted a potential barrier. 2) If we close below 123.175, we can look to target the next support down at 122.950, and if Asian volume pushed price down maybe even target 122.550....

rhf_fx

We are trading in a 25 pip range, as we know it is not a good idea to trade in an Asian range. 1) If we get a clean break of 136.365, wait for support to form on lower timeframes before looking for buys to test resistance at 136.750. It is a good sized range to fill with clean traffic so buys are preferred if an opportunity arises. 2) If we break support at...

rhf_fx

We already highlighted the possible options earlier. As we broke resistance and formed support, we executed longs with stops below the current 30m candle. Price ran for 10 pips before we secured profits and moved stops to BE. We then got stopped out at BE after that, so it was a good trade. This morning price broke support at 136.050 and we waited for resistance...

rhf_fx

This morning we are taking a look at a different pair. We have huge upside potential, providing we can respect support down at 1.55950, and break resistance at 1.56150 and then form a support around that area, we have good confirmations to execute longs with two big ranges to attack. Our first target would be resistance at 1.56750 before targeting 1.57350. As...

rhf_fx

Today is the first Asian session of the new month. We have some decent options for GJ tonight. 1) If the current level is held we should see GJ move up to resistance at 136.450 2) If we see a break of 136.450, wait for support to form on lower timeframes to validate buys to fill a 35-40 pip range 3) If we do not hold the current level or we break it later...

rhf_fx

Price broke below support and created resistance on the 15m timeframe. We entered as the 15m candle flipped bearish with stops above that current 15m candle at just 2 pips. Our target was the bottom of the next support and our runner ran for 40 pips. before forming a new support and moving back up.

rhf_fx

As price broke resistance we took buys on the retest using half risk as a solid support didn't form, our stops were below the current 30m candle. Price ran for 10 pips before we moved stops to BE, price retraced after 11 pips stopping us at entry.

rhf_fx

Price broke through support on the 30m timeframe, as we retested the broken support we took a sell entry, price hit our target and we moved our stops to BE and let a runner run, the runner ran for 30 pips before we closed our trade as support formed on the 30m timeframe.

rhf_fx

We noticed that on the 1m timeframe price broke resistance that was being held even on such a small timeframe, as it was a new timeframe to trade off of, we used half risk when we executed the buys, with our stops below the 30m breakout candle, we secured 12 pips as price tapped into resistance before stopping us out at BE.

rhf_fx

We are currently trading in a 15 pip range. If we break resistance, and form support on lower timeframes, buys could be valid up to the next form of resistance as there is a 15 pip range to target, however I have highlighted a zone we need to watch with caution as it is a previous rejection area. This is why I would prefer sells, we have a much cleaner 18 pip...

rhf_fx

We are currently trading in a 16 pip range. If we break resistance and form support on lower timeframes there are potential scalp longs to fill the wick and maybe even push through with Asian volume. The target would be a wickfill as there is a clean range to move up. I would advise caution with sells because the range below support is very messy, if you were to...

rhf_fx

We are trading below resistance at 1898, a break of this level could see us long back up to 1905. I have highlighted a potential barrier along the way in the form of a resistance, however if there is enough volume, we can break that level. For buys to be valid, we need to form support above resistance. I am not looking for sells as I do not like the ranges to the...

rhf_fx

Price broke support and created a resistance on smaller timeframes allowing us to enter sells, we secured our entries at 12 pips and moved stops to BE, price then retraced and would be in heavy drawdown if we didn't secure our profits. So overall we won the trade and managed it to perfection to ensure we didn't get caught out in that retracement.

rhf_fx

We are in a decent sized range on the hourly, a break of resistance along with the formation of support on lower timeframes can lead to price reaching the next resistance, it would be moving through a 35 pip clean range. However if we break support, we have a 30 pip range to fall through before tapping into the next support, however resistance needs to form first....

rhf_fx

This analysis played out perfectly, Price broke resistance and created a support on the 15m timeframe, when the 15m candle broke the high of the previous candle after creating support, we executed buys with our stops below the current 15m candle and out 3 take profit points highlighted on the chart from before, all three TPs were smashed and price ended up...