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New Blog Post! I spent hours preparing this for your benefit and it is completely FREE to view so please check it out and comment your thoughts! Share to others you think it will help! 📚
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In the guide I explain clearly how to draw Fibonacci Retracements/Extensions and how to trade using these levels (where to place stop loss and take profit). I hope you enjoy and find it useful!
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Huge Market Volatility - March 9th 2020 Analysis of the huge market changes on March 9th 2020!
GBPUSD Plan. Follow for more 📈📉
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Not entering this yet, will need to wait and see how price reacts to the area highlighted! If considering an entry, make sure you keep an eye on the news tomorrow!
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New Post Alert! Get our full insight for the week ahead including:-
- High impact news and economic releases
- Charts to keep an eye on throughout the week
- How each currency performed last week
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The Week Ahead 3rd - 7th February 2020 High impact news, last week's performance and charts to watch for the week ahead!
GBPUSD Long Setup! Visit www.ringerfx.com for more FREE educational content!
Elliot Wave fans will like this with the Elliot Wave Triangle in play. Let's see if it fits perfectly and breaks on move F. Beware of Brexit Day volatility!
AUDCAD Long Plan. Visit www.ringerfx.com for more FREE educational content!
I haven't entered this trade yet. I have put my entry at the top of the blue highlighted area on this chart as I am waiting for a change in market structure on the 4h chart. Once the lower timeframe support has been broken, I will be looking to enter with a 2.5 risk reward ratio.
CADCHF daily long plan. Visit www.ringerfx.com for more FREE educational content!
This chart was mentioned in our blog post yesterday. As price has moved into the highlighted area we are looking for the market structure to change before entering a long position in this pair.
New Post! These will be coming out weekly for your benefit!
The Week Ahead 27th - 31st January 2020 Welcome to our first "The Week Ahead" post. In these posts you will see some of the chart setups we are watching, the performance of each currency fro
CADJPY Long Setup. Visit www.ringerfx.com for more FREE educational content!
We have a well respected trend line if you look at the daily chart over a longer period. Core retail sales for CAD at 1.30pm (UK time) expected to be a big improvement on last month. May offer some upside potential after the big drop following the interest rate decision on Wednesday!
NZDJPY Long Setup! Visit www.ringerfx.com for more FREE educational content!
NOTE: I haven't entered this trade yet as I am a little wary of the recent lower high! I am waiting to see how the support area and trend line holds. I have also added the 4H view so you can see clearer the support/resistance area that I am looking at!
EURGBP Daily Long Setup! Visit www.ringerfx.com for more FREE educational content!
We have a clean break above the long term trend line. Price has come back down to the support/resistance area and that could be the springboard for price to move upwards!
CHFJPY 4H Short Setup. Visit www.ringerfx.com for more FREE educational content!
CHFJPY has been sharply on the rise lately and although I hate trading against the trend, it has to drop out of the sky at some point!
EURNZD Short Setup using Daily and 4H Charts! Visit www.ringerfx.com for more FREE educational content!
Long term trend line break as shown with a nice pullback complete and possible short term trend line break. Will see how price reacts at market open and either enter now or enter in the morning!... Or not enter at all!
EURAUD Long Setup. Visit www.ringerfx.com for more FREE educational content!
I've just entered this trade. We are looking at an impulse move up, followed by a period of consolidation in a bullish flag pattern. Price has no broken up out of this area and now that the pullback is complete, I have entered.
I did consider moving the TP higher as the previous impulse move was strong but there is an equally strong area of resistance holding above.
We have a 2.0 Risk Reward ratio here. Not as high RRR as I'd like but a good setup it seems...
CADCHF 4H Short Plan. For more FREE educational content visit www.ringerfx.com!
The chart shows clearly what I am looking at here. We have the impulse wave down breaking below the support zone and now I am looking for a sell opportunity in this pair. I will then aim to ride the wave down to the longer term trend line below!
I am looking for a pullback up to the support/resistance area before awaiting confirmation on a sell trade. If price doesn't pullback to the highlighted area I will be skipping this trade.
We have a 3.5 Risk Reward ratio on this trade.
EURJPY Daily Forecast. For more FREE educational content visit www.ringerfx.com
I think this chart shows everything well. We have a nice upwards channel that has formed and in the previous moves the past resistance has been respected as the new support. The lower trend line also seems to act as a nice point of support.
My prediction is that price will come down once more to find support in the S/R area at around 121.200 and on the trend line before moving up beyond the resistance level with another impulse wave that will hopefully push to the 124.000 area. I am waiting for price to come down to the highlighted area before considering an entry and would like to see confirmation of support being held.
There is a 4.0 Risk Reward on this trade but even if price only made it up to the 122.400 highlighted area there is still a 2.0 Risk Reward.
AUDCAD Technical Analysis and Forecast.
For more FREE educational content go to www.ringerfx.com
I have a bearish bias on this pair following the recent longer term trend line break. We now have a pullback to the trend line and I am expecting one of two outcomes. These are:
1) Price will break below the 38.2 fib level and break the shorter term trend line before moving down to the 0.89100 level
2) Price will consolidate and move up beyond the 50.0 level before finding resistance at the 61.8 fib level and then another impulse wave will move price down
New Blog Post! Check it out now
Avoid the Hunters of your Money! If you aren't yet aware, the Forex markets get manipulated on a regular basis. This post will help you to change your mindset to think more
GBPJPY Short Setup! Please go to www.ringerfx.com for more FREE educational content
I have highlighted the Lower Highs and Lower Lows that form a bearish market structure. I am expecting a Lower High to form in the support/resistance area (highlighted blue).
This trade provides a 1:3 Risk Reward
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3 Trade Setups for you from today and yesterday! Still possible to enter all 3 📈
Some of the charts and analysis I will be keeping an eye on for next week! 📈📝📚 in order they are GBPNZD, EURJPY, EURCHF, CADCHF & AUDJPY
Is your cup half full or half empty!?
15% per month every month for 5 years and these are the results!!
You know you've got a good broker when you get this close to your stop loss twice and survive! 😅
Before and after of EURCHF short setup from yesterday!
Put your mind to it and you can achieve it!
NZDUSD Setup from yesterday! Moving nicely now :)
Keep the risk small guys!