Forex1Percent Free Channel

29 Mar 2021 21:25

I will be discontinuing this channel for the time being. -Forex1Percent

Forex1Percent Free Channel

22 Feb 2021 20:48

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

21 Feb 2021 23:12

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 2021 23:09

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 2021 23:07

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

19 Feb 2021 07:41

Got stopped out here on an impulse move

Forex1Percent Free Channel

18 Feb 2021 19:08

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 2021 08:22

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 2021 10:02

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 2021 09:58

NZDCHF 4h: when we look left we can see we had a clean double top that formed which led to a strong impulse move down. After an impulse we know a collective move is likely to form which we can see is taking place now. As we are moving up we Keep an eye on the third touch rejection here and wait for one hour candlestick confirmation at indicated level to go short. We would target the larger daily structure.

Forex1Percent Free Channel

15 Feb 2021 19:14

Set up invalid for now as we have impulsed past our level, no trade taken

Forex1Percent Free Channel

13 Feb 2021 21:28

EURNZD Weekly/Daily: we have a very nice set up for me here for a longer-term buy set up. But in the short term we can see a clear impulse and correction as seen on other euro pairs. I will look for a one hour rejection of the outer structure as indicated to go short here targeting the outer structure of the lower trendline. If this move plays out as indicated we will then flip our bias to long positions as we have a clear example of a descending wedge met with a higher timeframe double bottom zone. This would be a great long position as we can see HOW Price is approaching this key level which is correctively in the form of a reversal pattern. Short term I’m looking for short positions midterm I’m looking for long positions.

Forex1Percent Free Channel

13 Feb 2021 21:25

AUDCHF Daily/4h: on the daily timeframe we can see the bullish channel We are moving in. On the four hour time frame all I’m doing here is forecasting a potential bullish corrective move. This forecast is currently invalid as the bottom trendline only has one touch but by forecasting I can see better what I am looking for here as we had an impulse move up and we know it corrective move is likely to form next. I will update as this correction develops but the general idea here is were waiting for some sort of bullish corrective pattern here. All HTF are bullish aswell.

Forex1Percent Free Channel

13 Feb 2021 21:21

GBPNZD 4h: we are at a double top zone here and now starting to form a rising which pattern where I will look for the third touch of this pattern and one hour candlestick confirmation to go short at this level, we will target this lower time frame double bottom zone.

Forex1Percent Free Channel

13 Feb 2021 21:19

DXY Daily: The US dollars starting to look more bearish as we can now identify the potential Bearish correction that is formed here. When looking at this chart from a bigger perspective we can see The impulse and correct of stages that are forming here as hard time frames are all very bearish as well. Likely that we see some corrective movement on the lower timeframe to start the week on US dollar before potentially moving down further.

Forex1Percent Free Channel

24 Feb 2021 19:34

Stopped out here. still bullish on EURUSD will look for the entries

Forex1Percent Free Channel

22 Feb 2021 20:41

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 2021 23:11

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 2021 23:08

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 2021 23:07

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 2021 19:08

Playing out exactly as forecasted here on NZDCHF running in profit from the 1h rejection at indicated level.

Forex1Percent Free Channel

18 Feb 2021 09:32

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

17 Feb 2021 10:03

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 2021 09:59

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.

Forex1Percent Free Channel

17 Feb 2021 09:57

XRP 4h: The crypto market is hot right now as bitcoin is currently hitting all time highs in the alt coin market is gaining more market cap. In terms of the chart we can see it very clear example of an impulse and correction taking place. We can see what happened the last time a correction like this took place we saw a large impulse move up and I’m expecting a similar move here. As this correction has developed it’s likely a break out is coming very soon. It would be wise to wait for a one hour break out of this correct of structure before taking long positions.

Forex1Percent Free Channel

13 Feb 2021 21:35

CHFJPY 4h: We have a double double level being approached correctively, it’s likely price moves past this level for the third touch of this corrective pattern where we can look for 1h candle confirmation. If we don’t get confirmation after a move up we can wait for a 1h breakout of this corrective pattern.

Forex1Percent Free Channel

13 Feb 2021 21:26

EURCAD Daily/4h: as we can see the daily timeframe we have been moving within this Dountren for quite some time. On the four hour timeframe we have a clear example of an impulse and correction. I would like to wait for another smaller move up before breaking this trend line where we can look for short positions then as I’ve indicated with my arrow. If price breaks below this correct of structure right when market opens I will not take this trade as I do not trade on the first market open. Will look for a one hour break and close below this level targeting our lower timeframe double bottom zone

Forex1Percent Free Channel

13 Feb 2021 21:23

EURGBP daily/4h: I put the daily timeframe chart on here because I wanted to show that we are moving within this correctives decending channel but we have no break out so there’s no confirmation that this will be a reversal pattern yet. So we will go with the trend here as the daily timeframe is in no mans land meaning there is no structures that would point to a move up on the higher time frames. On the four hour we can see a textbook example of an impulse and correction here it’s very possible that price will continue to move down and break out of this correction but it would be best to wait for the third touch of this correct of structure as indicated. If we get that move up I will look for a one hour candlestick confirmation to go short targeting the outer structure of the decending channel. 

Forex1Percent Free Channel

13 Feb 2021 21:21

NZDUSD Daily: On the daily timeframe we can see a clear strong impulsive move up over the last few weeks and now we are forming a larger correction where I will look for lower timeframe confirmation to get in long positions at the third touch of this bullish continuation pattern as US dollar is looking bearish this would coincide with Bullish set up here.

Forex1Percent Free Channel

11 Feb 2021 19:43

Slow week/month hoping more volatility comes back to the market soon