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ChiForex replied Mar 2, 2021For who didn't listen and understand the importance of my said 1.3860 support, can now expect drawdown to 1.3950s-1.3990s initially on daily.
Cable Update (GBPUSD)
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ChiForex replied Mar 2, 2021I don't post daily in general. My monthly March statement in a post above..mentions the entries/exits you can use.
Bitcoin (BTCUSD)
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ChiForex replied Mar 2, 2021Sold 49700 with the said support targets stated before for TPs while SL at a base above 55000 with an option in hand to add another sell at the said 54700 for a retrace back to around 50000 initially.
Bitcoin (BTCUSD)
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ChiForex replied Mar 2, 2021GU still holding above the said support 1.3860, basing below will target down to the lower said supports, can't see it really stopping/bouncing before if 1.3860 is gone. On upside reversal can target up to the said resistances on high time frames ...
Cable Update (GBPUSD)
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ChiForex replied Mar 2, 2021A reversal from here will target a retrace at 1.3950s up to around 1.3990, do not sell below these levels if the up movement occurs.
Cable Update (GBPUSD)
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ChiForex replied Feb 28, 2021Briefly, we are at good price levels to buy this pair as the move upward can reach up to 1.1050s, and if can base above 1.1110s later, the pair might fly waaaay higher, while downside looks limited to 1.0900-10s after basing below 1.0950, that all ...
EUR/CHF
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ChiForex replied Feb 28, 2021I'll look at EU from the bigger picture stance as going into much details will mix things a lot since lot of supports/resistance might or not hold the pair from lower time frames perspective. Mainly, I look at 1.2230s as major turning point, base ...
EURUSD
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ChiForex replied Feb 28, 2021If this pair violates my said analysis above and price keeps recording new highs, then it would no longer be about technical trading ruling the pair but only random movement controlled by more hodlers blindly buying at any level. In such case, I'll ...
Bitcoin (BTCUSD)
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ChiForex replied Feb 28, 2021BTC looking to slide down in March, starting to have resistance around 46000, a break is to around 49700, and around 54700 should hold the pair from advancing. On downside that's favourable, support starts around 40000 and around 37800 is critical ...
Bitcoin (BTCUSD)
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ChiForex replied Feb 28, 2021GU will find long term resistance starting 1.4060s and possibly up to 1.4100-20, a base above 1.4120 will open the sky for bulls, while on downside 1.3860 is an important support, a base below will take the pair to 1.3760-30 strong support that ...
Cable Update (GBPUSD)
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ChiForex replied Feb 28, 2021IMO, the 300pips movement above 1.3920s to 1.4230s must not had happened on monthly candle. It's like an empty gap that got filled in some way to drive price upward, it was unmeaningful! This is why price collapsed down closing all that gap in only ...
Cable Update (GBPUSD)
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ChiForex replied Feb 27, 2021Not a coincidence that price closed at 1.3920s Waiting for monthly/weekly candle open price to decide next move.
Cable Update (GBPUSD)
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ChiForex replied Feb 26, 2021Bears seem basing price below 47000 to drive the pair lower on 4 hour toward daily support, currently ranging btw 42000-37000 Will anyways wait for weekly/monthly close/open to decide the next move.
Bitcoin (BTCUSD)
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ChiForex replied Feb 26, 2021The bounce came from daily support, now bulls should attack 1.2120 then 1.2150 and base above here to keep the uptrend on daily, by so they disallow bears from attacking and basing below today's low. On the other hand, bears will defend both said ...
EURUSD
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ChiForex replied Feb 26, 2021I look at high time frames for trend trading , if price breaks below 1.2130 4hr. support, still daily will stay bullish until further notice, same for weekly/monthly. Spotting major reversal is another matter & at prices stated before..
EURUSD
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ChiForex replied Feb 26, 2021EU still bullish, bounced off 4 hour support that's today's low, but on upside should break above 1.2180 first, still good resistance 1.2200s but base above 1.2180 will be good positioning for bulls. On downside, below 1.2130 to 1.21 and from there ...
EURUSD
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ChiForex replied Feb 26, 2021Nobody can know the exact timing of the movement but that it was coming anyways is the importance. Instead of doing it 3 days ago, GU kept clowning with a fake spike up to 1.4230s to crash down only before 1.5 day...why?? The answer is in Monthly, ...
Cable Update (GBPUSD)
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ChiForex replied Feb 25, 2021Now the retrace upward should find resistance around 1.2200 for swing sell
EURUSD
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ChiForex replied Feb 25, 2021This new 4 hour candle will be the first one from long time that if its retrace upward, will be a good opportunity to sell this pair at 1.4100-10 now, while support 1.4010-30 will hold the pair until further notice. Late hours to Asia session had ...
Cable Update (GBPUSD)
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ChiForex replied Feb 25, 2021There's correlation dysfunction with GU, matter of time to catch up and slide down.
EURUSD