SToRy of a FX Fanatik

first target as highlighted

Quasimodo here on Eur/usd, wait for the H1 close

Haven't been posting for past few weeks due to other commitments work etc.

Here is a nice zone to go long on Aussie. I'll definitely be buying if we go below parity. This level should give us a nice bullish reaction for the next few days. I will post the result of this setup by the end of the week.

stopped out on aussie from last week. Well you need to accept the losses and move on.

Here is what I am looking at today

EUR/USD:

and also on cable:

short aussie at the red level, looking for a gap fill

Do you consider that 0.98750 is an SFP level?
Which makes you think that this level will not be breached (Up breakout) the next time the price will test this level ?

No it is not an SFP, but it is is a strong level at which price was last support now turned resistance. In addition it is more of a supply level at which price strongly sold off previously. Combine this with the gap and we have a setup in our hand.

this is what I mean by supply.

The red box (consolidation) is where price was at equilibrium there was a battle between buyers and sellers. Sellers triumphed and we got a strong bearish thrust once the consolidation broke.

The next time price gets back to this supply level there is a high probability (not a certainty) that price will give us a reaction as there is now an established supply level (a whole bunch of sellers waiting to short there).

This is a little different to SFP's and support/resistance.

i wonder in which direction we will break

support on gold also looks interesting, will we get a break of this level

down it is

took this SFP on silver. Similar setup on gold

target hit

long aussie.

Will add on the rounded retest as highlighted on H1

D1 SFP, looking for the H1 rounded retest on USD/CAD

this ones a little riskier.

H1 SFP on Kiwi (but has tested this area a number of times now).

M5 has given us a QM or H&S, entered on the 2nd shoulder, Key areas highlighted

for the sake of illustration, just love the way EUR/AUD has respected the BRN 1.3000 area. The way the TL has been respected and then retested from below is also interesting

H1 SFP, target highlighted

Silver shows us its hand and breaks to the upside. Target highlighted