CyberFxTrader

CyberFxTrader

Here's a so-called rising wedge pattern. It may look a bit tricky because it broke above at first, but in my opinion it was just a false breakout. Afterwards, price made a breakout below the wedge, then after, it broke completely below to the horizontal side. Now, to confirm that this wasn't another false breakout, we'd just have to wait for a pullback with a...

CyberFxTrader

Looking at USDSEK, it's showing room for bullish momentum. After lining up, I noticed that a couple of triple reaction points showcases that there are confirmations of bullish alignment into the open season. Keep it up and good luck.

CyberFxTrader

I've drawn some lines here. Every line is lined up in a way I think looks right. I think the goal is to line up points where price has shown to make big reactions from. So below on this chart, there are more lines that act as support. In my knowledge this means it might be more likely to go up to where empty space lays so that more orders will be active where it's...

CyberFxTrader

Trading is all about repeated patterns, and the most unlikely pattern are the one that goes against the trend. Either way it might just be a 50% chance of being right, but then once you're right, the chances of your trade to make a big move is even higher. Now the repeated pattern on this chart is determined by volume, it is recently showing repeated movements up...

CyberFxTrader

If you look closely you can see that there's a lot of patterns. Triple top turning to support after breakout, then it gets respected once, and now it's back in level again. Now if you look even closer you may see that the market structure turned from a rising wedge to a falling wedge leading into the major level I was referring to. Now after taking these things...

CyberFxTrader

It looks like a great potential for buying here. It just made a really good pullback to 50% of recent push up. Trend lines are drawn from at least two major ending points which has a higher chance of being valid in the near future. Even if it isn't able to have as strong of a reaction as drawn with an arrow, there still is a good chance of it pushing up at least a...

CyberFxTrader

Jpy is strong. It has been recently and now there's a good sign to sell because after a fakeout move, that usually indicates that the market has done its duty in capturing the majority of orders and stoplosses, then it's ready to go against what was previously thought to be the case.

CyberFxTrader

This right here is a lovely looking trend. It clearly shows that it attempted to reverse upwards, but then it failed. So the most reasonable thing now is to react with the recent reaction which was a failed attempt to move up. Now I marked up a trend line which I believe is strong enough for price to move back to, then I hope the analysis is good enough, and that...

CyberFxTrader

In my opinion USDJPY may be the best pair to trade for the rest of this year. I was looking at the performance of every major trading pairs from last year, and USDJPY is indeed the pair out of all to have the clearest trend consistency. I've seen how it's been acting all crazy and risky with all the big spikes lately, but that's just the side effects of being the...

CyberFxTrader

Looks like nice structure is forming here on the French cash index, it's a strong support zone shown to be valid because of two strong reactions last week.

CyberFxTrader

I haven't posted a lot, but I just felt like posting this move, because it's such a big potential here. It is pretty clearly a remarkably and strong resistance zone which has been shown to have big reactions to, within these 3 and a half years. It is finally trying to break above, it seems. So my guess here is that it'll go at least 4500 pips above since it seems...

CyberFxTrader

Forex and trading in general is all about recurrent movements. Here's an example: two of the pullbacks looks similar to each other, the main difference is just the time it used to develop. Price already has broken above pullback, so the chance is higher for it to move up to the same height as last. See if it makes a for example a flag pattern as drawn, then maybe...

CyberFxTrader

EURJPY is showing strength up. Pattern to comfirm is ascending channel. I drew two lines within to show how pullback is pulling.

CyberFxTrader

I expect EUR to power over USD in the next couple of days because of the most recent and previous data. I marked two channel patterns, market likes and tends to try and replicate previous movements and I see them to be significant in terms of structure and momentum. For the whole September month, the price has been in a downtrend, as the October month started,...

CyberFxTrader

This is first and foremost a pretty clean symmetrical triangle. It looks like a valid break up with a retest as well.

CyberFxTrader

I think it's safe to assume that this looks like a reversal. The pattern is called symmetrical triangle and price broke above which indicates that more buyers are in the game. Gg and good luck.

CyberFxTrader

Now the price looks to be in a pullback phase because it is showing momentum down in this major uptrend. Price might be attracted to support level, and it will have a good chance of continuing up in that zone. That's what the rules of trading are anyway — trade with the trend. If price goes past support level, it then becomes resistance and will have a higher...

CyberFxTrader

This can be a potential triangle pattern. It is drawn two lines between the strongest and most recent reaction zones. I think the price will bounce back up to create a third touch in center where the two lines crosses before making its way down in the major trend.