Market Analysis - Forexmospherians.com

In general we might see some USD pullback, in regards to that GBPJPY is resting on support for the end of the week, so in conclusion we might see some pullback soon.

This pair is still being held up on dynamic support and breaks on up through a declining resistance range level.

How things get messed up, we had a nice long USD bias until something went upside down, and now we have retracement which can go into sideways, complete turn, or just mess things up with long retracement and then again long bias.

Anyway this is more closer look on USDSEK, because there are enough looks on EURUSD

now we have what looks like giant bull flag on weekly, which can last for a long time, anyway here is a pic

we can see that we are near of the top line, breaking that would singal longs

BTC/USD is currently testing its 2 months lows. There are as always, three possibilities. Either it will go up, down or sideways. For now, let's think about the two, up and down.

Boucing off and holding important level of $6,000 seems like we can hold it for longer. Important to note that this level has also been refused several times. Should therefore be the HODLERs happy with the current situtation? No. The trend is still pointing down and if we can break the $6,000 level, it will get worse an

Technical Analysis EURUSD GBPUSD AUDUSD | Now we are Free (but we always have been)

5 time frames are analysed for each pair and the bias is then posted. If the market bias is still being upheld despite a move against the bias, then it will still be regarded as bull or bear respectively. This is because Price action rises and falls in any given time frame and market. When price action reaches a state of neutral in the original bias it is possible that the bias can be regained or broken entirely

This is not just electric power but Alt view on trading combining mostly psyhological expectations of market participants.

Viktor and his expression in the spirit of Wasily Kandinsky inspired me to this post... :)))
Forexmospherian in Art ?
Green and Red

Just doodling around

I am going to identify some key areas of support and resistance on some of these FX charts as the market reveals itself, plus identify historical support and resistance price levels which could allow me to carry my trade or close.

EURUSD Horizontal Support hold the market in this frame but recent resistance ceiling in price seems to have been reached, so if short is your flavour and it is mine, then I would short when dynamic support breaks.

Current Gbp-Jpy trade.

Analysis: 

-Daily frame primed in bull mode, wait and watch for dynamic and static S&R to be breached. Pattern = Inv H&S

- S&R breached, first entry taken.

- Wait and watch to see if a second entry could be taken, again waited for breach of the bull flag and rising channel. 

-Needless to say Daily, 3H, 1H and 15min all lined up for the long. Spoke about this trade before it happened and fired a "shout out" to place this pair on the watch list for longs. Hope some of you caught

I have been out of the loop for a spell. Picked at the data for gold (that seems to be my kryptonite and yet still worth playing) today I am up 1k pips just because I decided to jump in both feet first.

Trust the data and your gut.

I'm also 160 pips ish up on gbp/usd just because I think trump is going to take his currency into the toilet with him. 

My view of the market on weekly and daily basis via simple general direction predictions based on dragon magic

I planned to say a lot, but then decided just to paste gp...

some of you can hint me that this is as usuall

Now Don't You Chase those Pips, No, Just Relax and Let The Pips Come to You - By Sir Gissachance

Well thats the title as above but will double up as the motto for this forex blog and trading strategy so below. So taking a walk through this trade and talking about the EURAUD long, with 147 pips on the table and holding the trade taken last night. Initially setting the trap by watching this pair recoil almost like a market snake after a bullish move upwards. Turning this way and that way, all t

Bad Moon Rising

I see a bad Trade moon a-rising
I see Forex trouble on the way
I see earthquakes and lightnin'
I see bad Trading times of today

Don't go and Enter 'round tonight
It's bound to take your Stop Loss
There's a bad Trade moon on the rise

I hear hurricanes a-blowing
I know the Exit is coming soon
I fear rivers of Orders over flowing
I hear the voice of rage and ruin

Don't go and Enter 'round tonight
It's bound to take your Stop Loss
There's a bad Trade moon on the rise

I hop

Technical Analysis for GBPUSD H3 Horizontal Resistance is breached (white Arrow) which later became Support.

GBPUSD H3 Bull Flag Break minor frames for entry and 255 Pip Long and Hold

GBPUSD Daily and Bulls are in as the market trends in a rising Channel

GBPUSD M5 Bears Sighted

GBPUSD M5 Long Entry on BP - Current Head and Shoulders sighted and Bears hold the Bulls at Resistance.

Prior to the head and shoulders, the market went bull and various narrow sideways channels were breached b