Hello all - DuncanForex here with another trade idea. With USD weakening against GBP, I have been watching EURUSD today to see when it will reverse to trade this pair After the engulfing 1 hour candle this afternoon- I have entered on the retrace Looking for a quick scalp before the close later this evening and if it looks to close bullish - I will stay in,...
Hello all - DuncanForex here with a continuation compound trade With my first entry hitting TP this morning, I am looking to get more entries now on the next cycle higher Trades 1, 2 and 3 entered this morning at 1.2070 along with GBPJPY Trade 1 TP Hit Trades 2 & 3 Stop loss is now at entry point of 1.2072 - to take into account swaps. Entries, 4, 5 and 6 are...
Hello all - DuncanForex here with another trade idea I am looking for some USD strength in the coming days for a small retrace higher to resistance. (The opposite to my Gold Trade) This may go sideways for a while due to it being August and low volumes, however lets see how it plays out Buy stops at 106.10 area The website of the same name is now live ...
Hello all - DuncanForex here with another trade idea I am looking for GOLD to head lower on a second leg movement down following the engulfing bearish candle printed yesterday It will head back to 1375 areas slowly - retest what is now support and then head higher up to 1800 over the next year. I will be trading Gold heavily over the coming months based on this...
Hello all - DuncanForex here with another trade idea I am looking to go long on GBPJPY Although there are trade wars going on in the back ground and in turn short term sentiment is being impacted. At the same time GBP is yo-yo-ing due to ongoing Brexit Hard or Soft short term sentimental views. I am going long GBPJPY, however will be managing the trade...
Hi all - DuncanForex here with another trade idea With EUR USD creating a triangle which it broke out of and retested at Resistance I am looking for this to head lower - it may only reach 1.1150 area where this area could act as support However if it breaks through, it could head far lower. Lets see how it plays out The website is now live thanks for looking Duncan
Hello all - DuncanForex here with another trade idea Similar to the USDCAD short - GBPUSD is respecting support and therefore I am long looking to go back to previous support which is now resistance. Keeping an eye on the dynamic downtrend line in it's path, this could play out well through FOMC tomorrow before (I think) then heading lower DuncanForex.com is...
Hello all - DuncanForex here with another trade idea Following todays price action, I think the market has printed a Bullish Gartley pattern on the 1 hour chart. If the highs get broken , then my Buy stops will activate. I am looking for more USD weakness , however looking at correlating pairs USDCAD is very bullish and therefore could lead to more USD...
Hello all - DuncanForex here with another trade idea Following the news spike taking the trade out this afternoon - the compression has now been broken to the upside - it could be a fakey, however if the previous highs are broken, I will be entering Long (Same rules apply with the weekly bearish inside candle potentially resulting in a severe drop by the end of...
Hello all DuncanForex here with another trade idea Monitoring USD strength - I think there is scope for a retracement this week before USD takes hold again near the end of the week - if the trend line is broken- I can see the price moving upwards to the next downwards trendline (or higher) If these highs are broken on the 1 hour chart - I will be in the...
Hello all - DuncanForex here with another trade idea Following last weeks gold trades, I am looking to re-enter On the weekly, it has printed a bearish inside bar, therefore I think there is scope for price to retrace lower, however short term, I think if the trend line holds and new highs are made - then this could go long short term thanks for looking at my...
Hello all - DuncanForex here with another trade idea Following the entries already live in GBPJPY - I am looking to add to my position I will be looking to enter on a pull back overnight against the trend line - price alerts and buy limits at the ready If it closes as a bullish inside week candle tomorrow.... I can see GBP exploding higher next week and it...
Hello all - DuncanForex here with another trade idea Following the news this afternoon and the bullish 4 hour candle printed at major lows. Following the retrace over the past 2 hours - I have now entered on the 61.8% retrace area I am looking for it to head higher to the next level of resistance which would give a 4 to 1 win ratio. Trade...
Hello all - DuncanForex here with a new trade idea previous 4 hour candle high was broken and then price has dropped back below I now have buy stops at 134.77 and if the high is broken again - I am looking to go long on GBP It is at the 61.8% retrace of the last move upwards This is based on short term sentiment of BoJo and also GBP positioning against Risk...
Hello all - DuncanForex here with another trade idea With Bitcoin bouncing around support and now making new higher highs on the 1 hour chart Two ways to enter - on the break of the previous 4 hour candle high or a retrace to 9900 area and then a continuation upwards (will provide a tighter stop opportunity and an even better Reward vs Risk. - I will be in...
Hello all - DuncanForex here with another trade idea. With gold pulling back to the 50% to 61.8% area - I am looking to take more entries in Gold. With price action over night, I am expecting it to cycle higher today. On the 1 hour chart it is starting to make some bullish price action, - if the high on the 4 hour candle is broken, it could mean a lot more...
Hello all - DuncanForex here with another trade idea FOllowing the daily short trade I took last week, I am now entering on the 1hr chart on a pullback. Dynamic trend line providing resistance - I expect this to now drop a lot lower. Trade safe as this idea, along with all my others recently are all USD correlated. Thanks for looking at my trade idea Duncan
Hello all - DuncanForex with another trade idea with USD getting weaker (not including short term sentiment i.e. the FED rebuffing other's statements and the NFP I do expect this to head higher in the coming weeks. AUDUSD - if you enter on the next bounce - that is going to head a lot higher too. My website goes live tomorrow night Thanks for looking at my...