Simple_FX_

Simple_FX_ Jul 15, 2020

Good Morning, If you followed my trades last week I caught the move up on EURUSD within this channel and closed that trade yesterday. Now it seems price has reached a key resistance level in line with the top of the channel so in the short term I expect price to retrace down to the last key S/R level marked on the chart. Good Luck!

Simple_FX_ Jul 14, 2020

Good Afternoon, The pound has been bearish this week, if you followed my trades last week I made a healthy profit on GBPUSD trade which I was looking to hold longer however I closed that yesterday and banked some profits and will look to re-enter long if I see a new opportunity. With this pair price seems to be moving south also - from the chart you can see the...

Simple_FX_ Jul 14, 2020

Good Morning, A very bearish morning for CAD/CHF as price has fallen from the descending trendline and seems to have broken the key level of support, I will be waiting for a retest of the support now turned resistance before looking for a short entry. My view of what could happen is laid out on the chart as simply as possible. Let me know what you think!

Simple_FX_ Jul 13, 2020

Good afternoon, It seems price may be forming a double top here and a short trade could come into play - right now price has reached a key S/R level and I am waiting to see if price will fall from this. The RSI is currently at around 71% so in oversold territory. What I potentially see playing out is price retracing down to the ascending trend line before...

Simple_FX_ Jul 13, 2020

Good Afternoon, As you can see from the chart price has broken the ascending trend line and is approaching a retest at a key S/R level so this would be a good time to keep your eye on this pair. We could potentially see a short trade come into play if price reacts and falls lower from the trend line, however it seems the Euro has been a strong run today with...

Simple_FX_ Jul 10, 2020

Good Afternoon, Simple chart here price has been in an uptrend seems like it has broken below the trendline - price is now retesting this trend line and S/R level so will wait and see how price reacts before deciding whether a short is in play. Good Luck!

Simple_FX_ Jul 8, 2020

Good Afternoon, I hope you all got in on this trade early on as it is going very well so far - as expected price is staying in the channel and making its way up the S/R levels and I am expecting price to keep rising up to around 1.278 before I would look at exiting the trade. The arrows on the chart mark where I entered my positions on these trades. Good Luck!

Simple_FX_ Jul 8, 2020

Good Afternoon, An update on EURUSD - previously it had broken out and I had gone long and see in longer term this is going up, price retraced down to the descending trend line and has bounced back up which is what was to be expected however I was worried there for a while as price hung about at the bottom of the channel that had formed. I am still long and it...

Simple_FX_ Jul 8, 2020

Good Afternoon, Price seems to have broken out above the level of resistance it previously was pushed back from, I am waiting to see price retest this level and turn it into support and from there I will make a decision on whether to enter long with my take profit and the next level of resistance marked on the chart. Good Luck!

Simple_FX_ Jul 8, 2020

Good Morning, As you can see from the chart price has reached an important support turned resistance level here as well as price approaching the descending trend line which could potentially shape up for a short position. HOWEVER: We need confirmation of this first because price has entered back into the channel so we need to work out first off whether price is...

Simple_FX_ Jul 7, 2020

Good Morning, SPX500 has reached a decisive point it seems as it has broken a resistance level now turned support at 3156.6 that price has retraced to. If price bounces off this support level than we could expect price to reach around 3229.2. Conversely if it breaks downwards then a short trade could be triggered off a retrace back to 3156.6 before going...

Simple_FX_ Jul 6, 2020

Good Afternoon, Apologies for posting this late had technical difficulties earlier - I have entered long on EURUSD - the key levels are marked on the chart and I expect price to potentially reach the top resistance level. Good Luck!

Simple_FX_ Jul 3, 2020

Good Afternoon, The above analysis is my current view on the state of GBPCHF - it seems a short could be in play however I am looking at this with caution as a breakout could be on the cards. As always will wait for price to move before getting on the move. Let me know what you think!

Simple_FX_ Jul 3, 2020

Good Morning, After CAD/USD broke out of the descending trend line I had on my last chart it seems like now it could be forming a descending channel. Price is approaching a key S/R zone and also the top of the channel, it looks like currently price is bouncing downwards off this but we will have to wait for the 4hr close. Once we have confirmation this could be...

Simple_FX_ Jul 1, 2020

Good Afternoon, As you can see from the chart annotations price is approaching the short term descending trend line and we could expect to see price bounce off this back down to the ascending trend line and/or a level of support below it. However if price breaks out to the upside I will wait for price to come back down and retest the old descending trend-line...

Simple_FX_ Updated  Jul 1, 2020

Good Morning, For this pair it seems price might be bouncing off the descending trend line and if we get confirmation of this I will go short, however if price breaks above this descending trendline then I will wait for a retest before potentially entering long. - Both TP's are shown at the two next key support levels - I expect price to either bounce off the...

Simple_FX_ Jun 30, 2020

Good Afternoon!, I have been watching and waiting for the price to move back up to the descending trend line and it seems its on its way their now, above in the chart you can see the short term descending trend line and long term ascending trend line are lined up nicely and it seems price should move back down before either bouncing off the ascending trend line...

Simple_FX_ Jun 30, 2020

Good Morning, As you can see from the chart USD/JPY has been in a downtrend on the daily following the bigger trend line, however it is currently on the up retracing back to the downward trend line within the upwards channel and so provides a great potential buy. - Price is currently between two key S/R levels, I will wait for price to bounce off the upper...