lefergs

lefergs

Price is in an overal downtrend on gold. Price has recently entered a 15 min Point of interest (15 min Order Block). Price also started forming a Wychoff schematic within the POI leaving behind a small imbalance after the UTAD as indicated on the markup. Im interested in sells if price grabs the liquidity building at current price and triggers my sell limit on the...

lefergs

Cadjpy has mostly been trending to the downside while recently channeling sideways. This retracement may be a good opportunity to continue selling. As indicated by the down pointing arrows, it can be seen that this level of support turned resistance has been holding strongly with price rejecting a third time. Further confluence for this sell bias is the 200 Ma...

lefergs

Good Day Traders! By now you have probably realized that EurUsd has been trading within channel for the past few weeks. At present price is retesting the bottom of the channel along with previous support. Many Buyers will be looking at this as an opportunity especially since it is near the 200 simple moving average. However, i am not convinced that the price of...

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Until recently gold has been making considerable movement to the upside with no significant retracements. We are now seeing the bullish run slowing down, failing to create higher highs and creating Lower highs (LH). It can also be seen that price has not been able to break below the $1900 psychological level. Therefore, based on price action, if we see a break and...

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Nzdchf has recently created a head and shoulders pattern and price is currently below the neckline of the pattern. I will simply be looking for a retest of the neckline, CONFIRMATION that the neckline which once acted as support is now resistance, and then i will be place a sell order. Stops will be placed reasonably above the neckline. targets will be at the...

lefergs

There is some interesting price action happening on Gbpusd right about now. Price appears to be respecting structure which has acted as support and resistance in the past. If price manages to push down from its current level and can find support at the level drawn, i see the possibility of an inverted head and shoulders pattern forming. However Trading is reactive...

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Overall Eurnzd has been trending to the downside. However based on recent Price action it appears it is ranging, this is after breaking its trending line which it has been respecting for weeks. It can also be observed that price retested this broken trend line and rejected it. What i will be looking for is price to come closer to support possibly creating a...

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Previously i called out a sell on usdchf that just barely touched the take profit. Now we have an interesting development. Price has broken past our downward trend line and has now retraced to retest the broken trend line. Therefore i will be looking for buys and waiting for further confirmation. Stops will be place just below structure, initial targets would be...

lefergs

Eurgbp is trending nicely to the upside creating higher highs and higher lows with very small replacements. Because of this, along with the fact that it is above my 100 Moving average i will be looking for buys only.. if price manages to hold above the trend line drawn i will be taking a buy placing stops just below 50 % Fib. if price breaks below this trend line...

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If you a wondering what to do with this pair you are not alone. This is why it is important to have rules for your strategy. According to my strategy price is currently consolidating, which is not necessarily a bad thing. It means sometime in the near future we can expect a big move. Based on the on the weekly chart i have a sell bias on this pair and would...

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A bearish outlook on yet another Usd pair... As of last week Usdcad broke above structure acting as resistance and is managing to remain above it. However anytime price breaks a level that it has been struggling to get past it usually likes to go back to test that level where previous resistance acts as support. At the moment there is no way that we can think of...

lefergs

Hello traders, for the h4 chart on usdchf i am seeing a possibility to short the market with a decent risk to reward ratio. The reason for my sell bias is quite simple, price is currently below my 100 Moving average thus i will only be looking for sell set ups at the moment. we can also see if we connect the series of lower highs created we develop a nice trend...

lefergs

Simple trade idea today. On the H4 chart we can see price has recently broken out of structure which was respected as resistance several times in the past, thus we expect previous resistance to become support as it is broken. If a Fibonacci is drawn from the low to the high of the last push to the upside you would see price is retesting the 618 fib level. i have...

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On the H4 it is clear downtrend forming making Lower Highs and Lower Lows. Currently we are seeing a break and retest of the recently broken lower low and and we expect previous support to turn resistance as shown above. there is a good chance that price would head down from here as we have the confluence of the trend line and 50% fib level lining up with...

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Cadchf for the most part have been channeling to the upside over the past months. price has recently tested the bottom of this channel and has shown strong rejection and buyers are trying to protect this area. Also it can be observed last friday's candle has closed above a strong structure level around 0.6990. price in the past has respected this area as support...

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Eurgbp has been ranging for the past couple weeks and is once again approaching the top of that range around the @.9000 area.Going in to this new week my bias is to the downside. However the trend over last week has been moving strongly to the upside with Wednesday's candle leaving a large wick which is most likely going to be filled. As of Thursday and Friday...

lefergs

Simple idea.. price has broken out of its downtrend on the H4 chart. I am expecting price to retrace deeper into the zone drawn which acted as resistance and was recently broken. at that support level the best risk to reward ratio can be achieved if one is considering to buy this pair.

lefergs

On Friday, euraud has just rejected the 1.6500 area and managed to close bearish. This area is a very strong area of resistance shown by past data and if a Fibonacci is drawn from the high to the low of the last push we can see that the 618 fib lines up with structure. all these confluences combined provides a nice opportunity to short this pair. Like usual...