Blacksmith920120

Blacksmith920120

USD/CAD. We have seen that USD/CAD has hit a major support on Friday which was a main resistance for a long time clearly visible on H4. We now expect the market to return to the green zone once more for retest of the main reistance level of the range. ^check USD/CAD Weekly chart for possible max risk levels.

Blacksmith920120

Appears that the dollar has delayed it's fall and rather consolidated with the FOMC boundaries. I expect the market to possibly open with a gap in the upcoming week,and a deeper correction thereof. However a further analysis will either be shared should circumstances change or the current will remain as our following week's trading plan. Please do comment and...

Blacksmith920120

Appears that USD/JPY has broken down below yesterday's FOMC slot and came back up for a 50% FOMC center retest. It is clear that orders are now being collected which might either sell off tomorrow or overlap into the upcoming week. . . I expect the dollar to drop to the previous FOMC center from the current market price once orders have been collected for sell...

Blacksmith920120

It's is absolutely clear that USD/JPY has began to loose the rising momentum and a formation of the right hand shoulder of the H&S pattern is right at the peak of the right hand shoulder.(H4). I am expecting the last kick of a dying horse(swing high) at about 149.500 as my sell Entry zone all the way down to 146.500 satisfactory TP. The market may however take a...

Blacksmith920120

A brand new week of gold appears to be starting up with a good flag breakout and a possible selling orders collection as a range between 2156.+ and 2146.- zone. My target for this week will then be the 2115.+ zone. However do remember and be advised that above all traded pairs,Gold is the most untrustworthy and highly manipulated pair of trade, therefore it is...

Blacksmith920120

"The biggest fundamental challenge is to really arrest people's attention" I heard that on a Hill Song track. Ok so in our case, our biggest fundamental challenge is to identify orders in chaos(volatility & manipulation) and filter out gold(profits) from these chaos. Gold has shown signs of selling orders being prepared before send off. I do anticipate a sharp...

Blacksmith920120

USD/JPY has been going according to plan up to so far without disappointments. All TPs hit. I do however expect a possibility that the JPY will slip and have the dollar recorrect at our new Entry zone of about 147.780 +-, up to the previous FOMC center once more at about 148.350 max, as our TP at most. For SL however do see how much you're willing to risk on this...

Blacksmith920120

The sell plan has been kind to us so far. Looks like USD/JPY is currently taking orders for a further push down to 148.290- I do expect the market to reach a 1.618 fibbo expansion level. However the market might make a quick liquidity grab at about 150.050+ before the fall. Do trade with caution and use proper risk management.

Blacksmith920120

Looks like we'll be playing black and yellow(refence consolidation lines) for a little while before any proper breakouts,so let's swings side to side black & yellow with blue lines as our position shocking zones(SL) just above for sell or bellow for buy. Have a safe and good trading week. Remember to manage your trades as effective as possible.

Blacksmith920120

Appears that Gold is also on a 1-2-3 point move with the 1st and 2nd move already completed. We're now awaiting the completion of the 3rd leg of this move at about 2123.4-2124.8 zone. However please be adviced that XAU/USD is a highly manipulated pair and is an ultimate high risk pair to trade. An entry to trade such a volatile and manipulated pair would be an act...

Blacksmith920120

Upto so far my AUD/CHF forecast has been going according to plan and the market has been kind to us. A potential Upside down H&S is expected for this week,with the left shoulder and head already formed and now(dashed yellow line refence) in the midst of the right hand upside down shoulder formation. I expect the market to make a weekly low at about 0.57523 mark of...

Blacksmith920120

With my previous analysis of the USD/JPY an expectation of the drop back to the FOMC center at 50% retracement and a well managed position had been demolished with SL hit(Which is why it is always imperative to use a SL at all times). The USD has defied the odds and decided to rested the breakout. On the bright side: This retest might serve as a highest high of...

Blacksmith920120

USD/JPY has made a touch on the previous FOMC center and quickly retreated to the swing 50% fibbo 1st leg, I do expect a clean return to the FOMC center neatly as it is now at 50% fibbo of the 1st leg of 1-2-3 point move,1st TP has been hit yes, but another entry has been placed for another neat completion of the 1st leg again after this hick up before we revisit...

Blacksmith920120

With the 1st portion of the 1-2-3 point move being completed and the 2nd leg's end at 50% fibbo, I do expect the 3rd leg to commence NOW,Currently by the look of the market,the 3rd leg's entry has just been confirmed and an expectation of 0.58600 Max TP to be hit.however I'm not going to risk much on this trade so a 0.57000 SL would be enough. With CHF being...

Blacksmith920120

Appears that CHF/JPY may be forming a quick upside down H & S with the right shoulder about to commence. If this theory proofs to be true: an entry at current market price can be placed and TP expected to be just after 172.100 A tight SL must be be ready aswell as this is a high risk trade since well we're already inside of the H4 consolidation zone. Trade with...

Blacksmith920120

Appears thar the GBP/AUD has now formed an H & S pattern and now at the peak of the last shoulder. I do anticipate a quick drop from the current market price with 1.93880 - 1.94000 as entry, and 1.92 as 1st TP. 1 Do trade with caution and proper risk management.

Blacksmith920120

Looks like the 3rd wave of the impulse leg is about to commence.... Do trade with caution. Let's Go!

Blacksmith920120

If NZD/JPY sold off too early then I guess I've missed a good trade. It is unfortunate that entering at this point in time would be too great of a risk for me,unless otherwise the market does give "the last kick of a dying horse" quick rise to the fibo levels zone of multiple time frames. Only then can I enter a sell trade down to the next fibo touch. Either than...