The Dragon has been absolutely on fire these past few days, fueled by the pound's strength and the yen's weakness. Unfortunately, my trading idea for this week turned out to be a total bust, and I got stopped out pretty darn quickly :( It happens, though. Ups and downs are part of the game. But hey, let's take a step back and reanalyze this pair. We need to zoom...
Looking at this chart we have to go back all the way to 1980 to see the last time price was this high we have entered the Monthly SELL/SUPPLY zone that was created in that Year looking like it could go all the up towards 158 I will start to look for SELL signals as we go above 154 using the TRFX indicator on the daily charts this is a long term trade idea going...
Are you primed to SELL this pair as it makes its final ascent above 95, anticipating a brisk drop to 93? The logic behind this setup is pretty simple. Take a look at the weekly charts. You'll see a pattern where every time price has busted through 95, it's been hit with a sharp sell-off. This tells us that 95 is a tough wall to break for the big traders also it's...
Hey there, quick update on this setup. Like I mentioned in the initial analysis post earlier, I was waiting for a signal from the TRFX indicator, looking at anything from 4hr to 12hr. Well, it just gave the go-ahead on the 8hr mark after we saw a quick rise earlier - looks like we had a stop hunt. I've put my stop loss a bit above 178 and I'm keeping my eyes on...
Today, I'd like to introduce you to the 'AEM' framework – a three-step process to successful trading. This framework is designed for everyone, from beginners starting their journey to seasoned professionals looking to refine their strategies. It involves three fundamental steps: Analyze, Execute, and Manage. Let's break down each element: 🔍 'A' for Analyze The...
As you've seen, this currency pair has been steadily rising, and now we've hit the pinnacle of a weekly supply/sell zone dating back to early 2016. It's interesting because this point intersects the 2016 swing high, a level potentially crowded with stops, likely being eyed by significant market players. Price action on the lower timeframes is grinding higher...
The SELL signal for this pair has emerged today on the 12-hour chart. As per our May 19th analysis, after breaking through the 138 resistance level, I've been patiently waiting the sell signal. The price not only surpassed 139 level but also went beyond 140, just as explained may happen in the initial analysis. Today the TRFX indicator gave us the all-clear to...
As expected we got the rally back up to the previous support @0.655 talked about in the last post and have now entered the short term sell targeting the 0.64 level Stop loss is @0.655 and will trail this position down. Please refer to related post for full analysis behind this position
I have two different perspectives: a short-term SELL trade for the upcoming week and a long-term BUY. After a significant break and close of the 0.655 support last week, the next potential level for this pair could be the 0.64 zone. This area marks the untested Weekly DEMAND/BUY zone that was established last year, following a rapid drop to the MONTHLY DEMAND/BUY...
We got the break out of the previous resistance at 138 yesterday and approaching the untested weekly SUPPLY/SELL zone starting at 139 this is an area I expect to start seeing sellers come into the market though cannot rule out a move up towards 140. Looking at the 12hr and 8hr charts this pair is very over extended indicating sellers will be stepping in soon...
Quick update on this idea from earlier in the week. As expected we got the move above 1.64 and then waiting for a 12hour signal on the TRFX indicator which occured so have entered the first position. As the pair still could go up to 1.65 where if this occurs I will enter again. First target for this position will be 1.60 where I expect some buying to come back...
As we surpass the 1.64 mark, I am preparing to establish a long-term short position. We have now entered a significant monthly supply/sell zone, with the price appearing to be attracted to the 1.65 level. This level also coincides with a robust monthly resistance area deeply situated within this monthly zone. There is a high likelihood that we are currently in a...
Quick update on Yesterday's idea as expected we got the push up and then the 12hour signal on the TRFX indicator. We have entered the position first target will be the green boxed area on the chart then a long-term hold towards 133
Huge potential for this trade to move down with well over 1,000 pips on the table for the long term swing. On the Monthly charts we are at a long term SUPPLY/SELL zone and the weekly charts is showing us that this area is getting respected with the sideways distribution period that has been in play most of this year indicating buyers are getting exhausted and...
Update on the SELL position from last week we have been dropping nicely everyday since the entry at 1.49. On Friday we got a nice drop down to the first easy target at 1.4650 which was the previous swing high in current weekly up leg So we have closed 50% of the position and moved the stop loss to 1.48
Quick update on this idea posted a couple of days ago as expected we got the move up to create the new high into the Weekly SELL/DEMAND inside the Monthly area above 1.48 and into the 1.49. As wrote in the last post that I would be looking for a 12hour or Daily signal on my TRFX king to enter the market which has just given the signal so in we go :) I will...
This pair has just popped a new HIGH on the Monthly charts and took out a previous MONTHLY SUPPLY SELL zone and looks like it has it's sights set on the 1.50 price level which sits nicely inside a MONTHLY SUPPLY/SELL zone which starts around 1.48 which is marked in red on the chart. Inside the Monthly level sits a nice WEEKLY SUPPLY/SELL also which is around the...
After reaching the 1.25 target from my previous analysis posts price has reacted well and the next likely path is down towards the 1.15 area and below. At this level we have a nice newly created weekly DEMAND/BUY zone which sits on top of a huge monthly zone also sitting bang in the middle of this weekly zone is the 2020 low at 1.14. I will be looking for long...