Market Analysis - Forexmospherians.com

current snapshots, as the crow flies

Hihi

Like everything in life, patience delivers some of the most important things and in the trading world it really helps with timing. Timing makes the greatest difference for entry and exit points, even if you know the right direction of the market, when you enter too early, waiting for right direction and growing a negative trade, the equity can influence your mind and force you to exit just before market turns in your favor.

Anyway, my market analysis is the current EURUSD direction for the time

A quick look at my dynamic support and resistance railroad lines as well as my moving averages.

As you can see price action is ranging upwards in this dynamic rising channel so we will need a small timeframe to analyse for entries here.

Happy New Year to all FxMosPherians! Let the pips come with you... :))) 

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

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.

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

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

Technical Analysis of the Foreign Exchange Currency Pair EURHKD before going Long the market 6,200 pips.

Hopefully a few managed to wrap the 1200 pips from yesterdays alert Forex Trade EURHKD 5,000 Pip Long and got involved with this pair by at least scalping it old school.

To recap just in case this one was over looked and never made it through your Orbit out there in the Forexmosphere :

I was watching this pair in a rising wedge chart pattern with a Bear bias but the actual price was positive