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Blvkforex

AUSSIE TO LIFT HIGHER Good afternoon traders. AUDUSD come to our focus today. Looking at the chart provided we can see that we’ve made a decline from 0,70300 down into 0.68500. We know from a higher TF perspective that we have been trending up nicely. Gathering the data from CMP we can see that the support structure has held nicely. What I foresee is a push back up into the highs around 0.70200 for a 157 pip run with stops just below 0.68200. Let’s see how this plays out. Cheers
Long
by lasglowfx
2
GBPJPY SENTIMENT CHANGEGBPJPY Another setup on the radar! We can see that the chart displayed shows similar confluence as that of GU. We need to apply ourselves and consider global sentiment when it comes to GJ. The perspective of this is that when GJ drops it suggest to me that gold will rise and tariffs will be issued come Sunday, though a story for another day. To keep it simple we have a Head & Shoulders play and also the daily reversal formation of a double Shooting Star reversal . I’d like to see price pop up into 143.250 to form a right shoulder then decline towards 141.500 for intraday targets of 170pips . Let’s get it
Short
by lasglowfx
GBPUSD DOWNSIDEGBPUSD Good morning traders and aren’t we spoilt for choice. It’s been a while since we’ve been in this situation. I want to get straight into it and with recent news suggesting that the UK election is tighter then expected we now have a fresh signal of sellers in the market. The chart presented is a 4H TF and we can see that we’ve pushed up “for no reason” we then had my favorite rejection formation on the Daily TF of 2X shooting star formations (Double confirmation) . This tells me that sentiment is shifting and we can prepare ourselves for a fresh round of sellers and more uncertainty coming out of the UK. Where to will we drop, intraday targets suggest 1.30000 proving for a 160pip trade. A further confluence to note is the Head & Shoulders play. Manage risk always! Cheers
Short
by lasglowfx
2
GBPAUD ADAPTABILITYGood afternoon traders! GBPAUD smacked a lot of people last week with Brexit news suggesting that the Conservative party is well in the lead heading into the December election. It’s trading and a setup can present itself with all rules and confluences and still not work. If you can’t accept that then trading is not for you! So grasping the monthly closure and to clear myself mentally from my loss. I’m applying myself to the chart at hand and based on CMP I foresee GBPAUD heading higher towards 1.93275 . We have formed a new higher high in this bullish leg and I foresee price fulfilling a long term monthly swing leg. The setup offers us with a 300pip upside move. We need to however be patient and wait for PA to drop into 1.89750 to look for the lowest possible entry to buy. It’s Monday so don’t get ahead of yourself remain calm. I’ll update the channel as things develop. Cheers t.me
Long
by lasglowfx
2
GOLD UPSIDE IMMINENT ?Good morning traders As I sit at my desk this morning looking at my pairs I trade I’ve realized the need of “sitting on your hands” For me gold has been a very good example of this. Providing you with a 4H chart we can see that price made 3 drives into the low around 1450.00 . There has been multiple spikes based on trade developments that has just caused the market to build pressure. Where will this pressure take us in my professional opinion I foresee a new leg to the upside. Though before that I expect a drop lower into the liquidity region displayed at 1452.00 to enter this long trade. My overall target for this setup would be 1600.00 with a lower target at 1550.00 Remember to stay patient and looking at the bigger picture. Regardless of the news there has been no concrete DEAL and any SIGNATURES or MEETING to take place. So therefore investors do not like UNCERTAINTY and for these reasons I don’t see GOLD DROPPING. There’s many pips on offer 800+ pips towards our target so patience and psychology is key. Trade safe , cheers !
OANDA:XAUUSDLong
by lasglowfx
GBPAUD A NEW LEG DOWN ?Good morning traders! It’s bright and early and it’s been a while since I’ve written up a article for the telegram. I’ve been working hard on my skill set behind the scenes to improve the content I’m sending out. Back to the task at hand GBPAUD. I’ve been looking at the chart we can see that the pound has been on a strong uptrend due to Brexit uncertainty clearing up. Looking at the cycle we can see that price slowed down at the 1.9000 level and since consolidated. With that yesterday’s daily closure suggest that sellers are ready to come into this market. I believe we can push down towards 1.87500 and lower as things develop. This is a 300pip trade so manage risk well and be patient
Short
by lasglowfx