tradingonthego

tradingonthego Nov 17, 2020

EURJPY showing great potential for a 60 PIP short. At the moment EURJPY is forming a flag pattern following from a strong bullish momentum. Price has reacted well within the pattern and i believe will find support for the third time before continuing its way up. Recently we have seen a rejection of the top trend line as well as an oversold condition on the...

tradingonthego Nov 11, 2020

GBPUSD showing great potential for a 90 Pip drop. GBPUSD is currently in an overall uptrend bouncing back from the fall during the peak of covid-19. As you can see we have recently had a new higher high form on the 1hr chart which co insides with the current trend lines stated. Due to this rejection i can see price going further down towards the 0.382 fib level....

tradingonthego Nov 11, 2020

AUDUSD showing great potential for a 60 PIP drop. As we can see on the 4hr chart that a descending triangle was recently broken and we have now reached a level where price was rejected before and seems to have done now. With this rejection i can see a pull back of around 60 Pips to retest the previous descending triangle before forming further higher highs. I have...

tradingonthego Nov 6, 2020

AUDCHF Showing great potential for a 50 PIP drop. We have recently seen price reject the strong level of resistance on the 4hr chart. Alongside side this we can also see that price is respecting the 0.50 fib level at previous times along the downward trend and finding a good resistance at this level. Due to a recent break of this level i can see price retesting it...

tradingonthego Nov 4, 2020

EURUSD showing great potential for a 80 PIP Rise. We currently have a decending triangle forming on the 4hr chart with a strong level of support as well as resistance. Due to the recent reversal of the support zone i am looking for a buy to the upside of around 80 PIPs to once again test the resistance. The descending triangle has been formed shortly after a...

tradingonthego Nov 3, 2020

Looking at a 60 pip rise on EURGBP . Price is currently situated at the 0.368 fib level, alongside this we also have an intersection of two trends. The trend line showing bullish momentum i believe will have the upper hand due to the strength of the overall trend. Furthermore in perspective it is also forming a long term pennant , however due to the strong bullish...

tradingonthego Nov 3, 2020

USDCHF showing great potential for a 60 PIP drop. Currently we are sitting at a strong zone of resistance on the 4hr that recently was rejected. We can clearly see beforehand a bearish trend was predominant in the market and we recently saw a break of this trend to the upside. Taking this into consideration i believe we will get a pull back from this break which...

tradingonthego Nov 2, 2020

AUDUSD showing great potential for a 60 PIP rise. We currently have a well tested ascending triangle formed showing great areas of support and resistance, on 4hr we can clearly see this has been forming a while and is currently at a significant point which has been held numerous times before. The ascending triangle follows after a strong bullish market after the...

tradingonthego Nov 2, 2020

GBPCHF showing great potential for a 60 pip drop . Currently gbpchf is in the process of forming a pennant , due to the strong bearish momentum beforehand in around September i believe that the market is consolidating to ease the market down before further reaching new lower lows. Alongside this we can also see a bearish trend forming within the pennant which...

tradingonthego Oct 6, 2020

AUDJPY showing great potential for a 60 pip drop. We currently have a strong support level which has already rebounded off twice. The 0.50 fib level also fits the line of support very well which further makes me think that the price will once again reach this price. During this time a double top formation has also formed with a very strong neckline on the same...

tradingonthego Oct 6, 2020

AUDUSD in my opinion is now reaching a turning point on the hourly chart due to the recent break of the bullish trend. Furthermore a recent double top formation has formed and we are now reaching towards the neck line which i think wont hold the momentum of the break. Along side this price has now come under the 50 EMA as well as the the recent crossover of the 10...

tradingonthego Oct 5, 2020

GBPCHF showing great potential for 60 Pip sell. It is currently sitting at the 0.50 fib level as well as 50 EMA providing clear strong resistance structure. We can see that it has clearly broke the 0.50 fib level and coming back in order to retest this level. Furthermore we can also see the clear trend that GBPCHF is now forming with new lower highs and lower...

tradingonthego Sep 28, 2020

USDJPY showing great potential for a short with a combination of many factors. First of all we recently had an ascending triangle form on the 4hr chart that was broken as of recently. Along with this we have now seen price return to this resistance trend line hence acting as a retest of the previous trend, hitting both a key fib level (0.618) and the 200 EMA, ...

tradingonthego Sep 28, 2020

Very strong 4hr resistance broke recently, in which was rejected x3. Furthermore we have now reached a significant 0.38 fib level in which i believe will act as a new HH and has begin to form some rejection. I can see the price therefore becoming bearish and reaching the previous resistance as now support for a HL, that also acts as a strong 0.50 fib support...