ADAMMAC

ADAMMAC

Level of resistance hit, resulting in a surge of sellers and downward movement inevitable. Breaks of trendlines also confirming my short position. Fibonacci levels - Targets 1, 2, 3.

ADAMMAC

Bounce and a spike off a major critical level, coinciding with the bounce of the 88.6% fib level, this leading to a high probability of a reversal. A ranging market will likely follow. ********************************************************************* Price action over Thursday and Friday will confirm my position to the downside. Alternatively, a push...

ADAMMAC Updated 

Looking for fib levels as potential targets, incorporating price action at key levels to determine further movement to the downside or a reversal at target 1. Bounce off critical level along with a spike/ minor hanging man also confirming the downtrend. Carefully watching how the market reacts at critical levels. **Educational purposes only**

ADAMMAC Updated 

USDCAD continuing to range in a consolidating market. 1.3000 providing strong support. 4 hour candlestick close below the 50% fib and critical level will confirm the downtrend for me and confirm my short position.

ADAMMAC

Breakout out of critical level followed up by a retest of that level and 61.8% fib level. Stuck in a ranging market since the beginning of the month, just awaiting a breakout to the downside confirmed by the careful use of MA's. Looking for a downtrend towards target 1 at 1.03602 (monthly critical). Price action at this level will confirm my further...

ADAMMAC

CHFPJY has been following a continued downtrend since July 2015 and it appears that it is to carry on that trend. MA's all confirming the continued downtrend. A weekly close below the critical level will confirm my short entry. Watching out for price action at these key levels, looking for signs of reversal to invalidated the trade. Looking to enter below...

ADAMMAC Updated 

This Index has hit a major critical level at the 38.2% fib, forming a cypher pattern and thus resulting in a bullish bias. Targets 1 + 2 at key fib levels to look out for. Price action and close above these levels will continue the uptrend. Low stop loss as I feel this pair has a lot of space above. The break through the 200MA could result in a bounce as...

ADAMMAC

AUDNZD currently sitting in a range bound market just waiting for the perfect opportunity to continue its downtrend. MA crossovers confirming the potential continued down trend. Plenty of space on the downside for targets 1, 2 to be reached. Enough for around 180 pips in the long run. After that theres much support which could see the reversal of this...

ADAMMAC

USDCHF broke the critical support at 0.9600 with a daily/ monthly close below this key level. Target 1 at the 61.8% fib level a new realistic target. A break below this level will see 0.8700 exposed. Gathering a further downside pace due to a constant selling bias around the dollar. Continuing to test fresh lows. Price action at key levels need to be...

ADAMMAC Updated 

USDJPY continuing the downtrend. Short currently active. Multiple timeframes confirming the downtrends also confirmed by the MA's. Looking for next target at fib level 78.6%. Target 2 to be decided upon at target 1. Broken through critical level. Bearish downtrend in place, also confirmed by the bearish engulfing price action. **Price action is key**

ADAMMAC

Simple and accurate chart analysis. As fears over brexit rise so does this index being obviously linked to the British economy this index is likely to continue to fall as expected due to growing concerns as we can also see in the major currency pairs closely linked to the British economy. Trend line break long with a break of the yearly critical level...

ADAMMAC Updated 

Continued downtrend on the 4H. Confirmed by the MA's. Currently ranging, however a break below and a daily close below the monthly trend line will solidify my entry. Short entry clearly pointed at 153.3. (educational purposes only!!) Patience until it is no longer ranging in the area of interest (shaded blue).

ADAMMAC Updated 

Long position towards monthly downtrend. 250+ pips Bullish engulfing confirming bullish sentiment and bias along with ma's. Along with the clear bounce off the 50% fib level and monthly support level towards 38.2% fib. Price action at 38.2% will further confirm my position.

ADAMMAC

EURJPY in a continued downtrend clearly confirmed by the ma's. Awaiting a clear sell signal to enter into the trade. Price action at major support needs to be observed for further positions to be confirmed. Cloud also confirming the continued downtrend. Price action at 120 a major psychological level also shall be recorded.

ADAMMAC Updated 

Price action suggesting that theres still enough movement to the upside confirmed with the moving averages. Waiting for a clear opportunity to enter the market as a breakout is just a matter of days away, all the signs are suggesting its eminent. Monthly trend line acting as resistance along with the bounce above the 50% fib level.

ADAMMAC Updated 

EURCHF reaching a major yearly critical level after its steady recovery from last years crash. Next weeks candlestick will be crucial to see if we continue the bullish momentum although resistance being a far away or If we see a breakout to the downside. I'll be watching price closely on this pair hoping it breaks out of the range its currently in....

ADAMMAC Updated 

My break down of current market environment. Bearish candlestick. Next level of price action will confirm the continued bias to the downside. Targets for a long to be reassessed upon completion of target levels S1 and then S2. Following a break of this level. Hope this comes as help for some.

ADAMMAC Updated 

Price has bounced off the monthly trendline and major levels of resistance forming a bearish engulfing. Momentum to the downside with breaks below 1.440 suggesting possibly further price action to the downside confirmed by the moving averages.