I will be discontinuing this channel for the time being. -Forex1Percent
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Forex1Percent Free Channel
24 Feb, 18:34
Stopped out here. still bullish on EURUSD will look for the entries
Forex1Percent Free Channel
22 Feb, 19:48
I have entered this set up on the break of the neckline as indicated, becasue this is a longer hold for me I have a wider stop loss 40-50 pips
Forex1Percent Free Channel
22 Feb, 19:41
NZDJPY Daily/1h: after I’ve now been forecasting the set up for two weeks we can see we are starting to get better confirmation for this entry. We have reached the third touch of the outer structure on the daily timeframe and now we have a one hour reversal pattern setting up here which gives good indication with higher timeframe confluence. We can see you a head and shoulders is starting to form on the one hour timeframe where it’s likely we see a move up to complete the right shoulder. It’s possible as well that the sun shoulders could be a variation and be already completed so if we get a one hour break of the neckline I will look to go short.
Forex1Percent Free Channel
21 Feb, 22:12
CADCHF Daily/4h: on the daily timeframe we have reached the outer structure of this channel which would also be the third touch. We are moving in an ascending channel on the four hour which gives good indication that we could be ready to move down here. Because the daily candle closed very strong at this level it would be in our best interest to wait for a break below this for 4h ascending channel before taking short positions. If we continue to move up past the structure the set up will be invalid.
Forex1Percent Free Channel
21 Feb, 22:11
USDJPY Daily/4h: even though the US dollar is looking weak right now I am still bullish on this pair as I believe the chart is showing that the US dollar is gaining value against the Japanese yen. It’s clear on the daily timeframe that we have broken out of the long term Bearish channel. We now have an impulse move that formed and now a correction where we can look for a one hour close above this structure to go long. It’s likely that we continue to move down further within this correction but will still be looking for the same confirmation to go along which is a 1h break above.
Forex1Percent Free Channel
21 Feb, 22:09
EURGBP daily/4h: The daily is clearly Bearish year as we are moving within this descending channel. We can see the strong impulsive move on the daily timeframe and now we can wait for a corrected move back up to the outer structure of this channel where we can look for 1h candle stick confirmation to go short. Just moving with the trend here
Forex1Percent Free Channel
21 Feb, 22:08
EURUSD Daily/4h: our forecast from last week is starting to play out as the head and shoulders is now much more clear to confirm that we would need a break above the neckline and close which would give good indication to go long here for a potential longer-term postion
Forex1Percent Free Channel
21 Feb, 22:07
GBPNZD 4h: short term trade here on the four hour timeframe we can see we’ve broken out of a ascending channel and have violated market structure for this smaller uptrend move. Now that we have broken out impulsively we just have to wait for a lower timeframe correction here to go short, this would likely be seen on the 1h.
Forex1Percent Free Channel
21 Feb, 22:07
DXY daily: The US dollar overall is still looking bearish as we forecasted last week. It’s likely we see it continued move down to the indicated greenline meaning majority of US dollar pairs would be bearish and xxxUSD pairs bullish as we have already seen from Friday’s price action moves on those pairs.
Forex1Percent Free Channel
18 Feb, 18:08
Playing out exactly as forecasted here on NZDCHF running in profit from the 1h rejection at indicated level.
Forex1Percent Free Channel
18 Feb, 18:08
GBPUSD played out exactly as forecasted, I missed an entry as the move was very impulsive with no clear entry for me, but nice to see the move played out to perfection.
Forex1Percent Free Channel
18 Feb, 08:32
We now have a large impulsive breakout here, becasue we have broken out so far away from the trendline (if price closes at the range it’s at now) do not enter as it hurts RR greatly. Would be best to wait for a lower time frame correction. Will have to wait to see how the next candle closes
Forex1Percent Free Channel
18 Feb, 07:22
GBPUSD 1h update: Still moving down within this bullish structure as we forecasted. Looking for a double bottom scenario here, will watch for a 1h rejection. If no confirmation there will wait for a 1h break of the corrective structure.
Forex1Percent Free Channel
17 Feb, 09:03
I’m still bearish on DXY and USD moving forward as we have had short term bullish pressure, HTF market structure is still bearish and unless we see a big push up it’s likely DXY and USD continues to fall.
Forex1Percent Free Channel
17 Feb, 09:02
EURUSD Weekly/Daily: Looking at this chart from a higher timeframe perspective we can see very bullish price action structures. On the weekly timeframe we previously had a nice impulse and correction before forming the next leg up. Now we are in the next corrective stage and have likely broken out. We can see the bullish structure that has been broken and now A possible inverse head and shoulders has formed at the bottom of this correction. I’m not looking for long positions at this moment as price action is still bearish on the 4h, but I will be looking for potential long positions as price action develops.
Forex1Percent Free Channel
17 Feb, 08:59
GBPUSD 4h: another clean example of an impulse and correction taking place here as we can see the collective structure is almost finished developing. Because US dollar is moving Bullish temporarily it’s likely we could continue to correct down a bit further before moving up. The bottom trendline I have indicated is not yet valid but I am forecasting a potential structure like this to form. I will wait for a further move down and then a one hour break above the correct of structure before going long.
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