romailfx

romailfx

very easy trade to take as technical analyses was hinting a double top ,close to a psychological level. and fundamental analysis showing the uk crisis with panic buying fuel/ fuel shortages. CLEAR DIRECTION BACKED BY FUNDAMENTALS. what could GU be doing next ???? well a possible retest of 1.36 and continuation of the down trend..... OR finds support at 1.35,...

romailfx Updated 

REJECTION OF THE 1750 PSYCHOLOGICAL LEVEL all analyses are pointing to the downside. first targets would be 1370, a break of this level will suggest price could reach 1365.

romailfx

gold is looking bearish as it breaks the 1750 psychological level. i can see it going to 1700 and possible even lower. kit has also been trading in the fib zones, rejecting the 61.8 on a 1hr time frame.first traget would be the 1730 as its the 27 extension. next target 61.8 at 1700

romailfx Updated 

price has made a bullish flag type pattern. an entry on the break of the flag.... which is backed by a psychological level 152.00 flat. if this level holds out it would be a great confirmation for further upwards momentum. we can expect a break higher possibly to the next psychological level which would be 153.00 TP1:152.300 and bring stop loss to break...

romailfx Updated 

gold has reached its recent highs once again at the 1834 area. narrowing into the smaller time frames price has created a massive bearish impulse off of the resistance and then created a lower high wick also lines up with the 0.786 retracement level. and a bearish engulfing as another confirmation. this is a high risk trade however it is backed by many confluences...

romailfx Updated 

bearish DXY trendline break bullish momentum a bullish close above the trend line break would signal me into going long with this pair. 1:3 risk to reward 116pip profit

romailfx Updated 

eurusd broke a trend line on the higher time frame (H4) it had a very bullish reaction to the retest of the trendline. and ever since then price has been creating HH and HL confirming a bullish trend. on the lower time frames zooming in for a possible entry i have, support resistance retest with bullish price action for confirmation. this entry is a sniper entry...

romailfx Updated 

buy gbpusd. earlier this week price broke a down trend and then continued to break resistance levels. it is currently sitting on top of a resistance level indicating a break through and potentially turning it into a support. lower time frame analysis shows bullish price action. a sniper entry now could result in a huge risk to reward gains or a small loss. the...

romailfx Updated 

a potential sell opportunity as price is in a descending triangle. looking for sells at around the 0.618/0.786 fib levels. this will be backed up by price action; bearish engulfing, tweezer tops , shooting star and so on. TP has been set as a strong level on support that price has retested multiple times. if price does reject the trendline look to scale in for...

romailfx

following on from the previous analysis on gbpjpy it is on schedule to reaching the resistance trend line. once it has touched that area it will be time to zoom in on the lower time frames and look for the next possible outcome..... a potential break through leading it to the next possible resistance marked up? or a retest and then price rejects and comes...

romailfx

the usd looks bearish for the time being. with some possible scenarios that could occur. with pairs that include the usd; look to trade in correlation to the index and its negative correlation. until the dollar index hits some kind of support. fundamental analysis is a key factor in the outcome here.

romailfx

MAJOR CONFLUENCE TRADING fib 0.786 rejection trend line rejection bearish price action huge wicks/ selling pressure 1:5.7 risk to reward

romailfx

H1 double top H4 trend line resistance TP. previous support STOP LOSS above double top highs.

romailfx

support resistance H4 time frame...... entry off of the H1 bullish rpice action. TP1.107 pip reward TP2. 200 pips targeting previous highs stop loss just below support zone

romailfx

gbpusd has retested a resistance trendline. this trendline is based off of the four hour candlesticks. price has also shown us bearish momentum at this trendline. i have gone with a 1;3 risk to reward. risking 43 pips to gain 131. my stop loss has been set above the previous highs and take profit targets of the support trendline drawn on the chart.