Hello all - DuncanForex here with another trade idea Following USDCAD gaining traction to go short yesterday, AUD finally gained strength overnight and printed a great engulfing candle on the 4hour I have entered on the break of the high and also have buy limits set at the 50% retracement in case there is some price chopping later - it should enter me in at...
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 With US politics weighing on the Yen and the EURO gaining strength - I see all Yen pairs starting to head higher With FOMC tomorrow - I can see this whipsawing so be mindful of your stops, however this will head higher overall. Thanks for looking at my trade idea My website is now live Cheers Duncan
Hello all - DuncanForex here with another trade idea go bullish XXX USD and bearish USD XXX - certainly until the FOMC USDCAD has just dropped lower and I am in on a sell stop from earlier today. I do expect USD to give up the major gains it has achieve over the past few days and start to weaken GBP will not move as fast as both GBP and USD are weak website...
Hello all - DuncanForex here with another trade idea The trade idea last night did not work out, however price has now hit the Monthly pivot point, I do expect price to react at this level. It has broken out from the short term dynamic resistance - retested it at support and is now showing bullish price action on very low time frames. It this continues to...
Hello all - DuncanForex here with another trade idea Although against the prevailing trend, NZDUSD has broken out from it's down trend. It is currently at support where previously a head and shoulder pattern was created. Based on this price action, I expect it to head higher to previous resistance. I will be watching it closely and trailing my stops, however...
Hello all - DuncanForex here with another trade idea With EURJPY flying higher this afternoon on it's second leg higher. ALl JPY pairs want to head higher, however GBP is weighed down by more and more Brexit short term news. They key is to get in when positive GBP news comes out as it will fly higher to catch up with all the other Yen pairs. THere is...
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 my positions from the 17th July holding on and my positions on the 22nd July stopping out at break even, I am looking to get back in to USDJPY. This morning the retracement trendline has been broken - I now expect USDJPY to head far lower as the weekly candle is a doji - it has spent the last 2 days...
Hello all - DuncanForex here with another trade idea I am looking to add positions to my USDCHF trade With the Swissie and Dollar fighting against each other - price action has slowly cycled lower, but it is cycling lower... With price action currently sitting at resistance on the 4 hour chart if the lows are broken at 0.9835 - I will be looking to add short...
Hello all - DuncanForex here with another trade idea This is a continuation from yesterday's GBPUSD trade where I do expect it to head higher. It bounced at the 50% retrace - it may be a fakey - hit my stops and head to the 61.8% level before then heading higher, however I will just enter again DuncanForex.com is now live thanks for looking at my trade idea Duncan
Hello all - DuncanForex here with another trade idea Last night - a higher low was printed on the 1 hour chart- which based on the 7am BST bullish pin bar candle will now start to cycle higher again. Along with USDJPY to head far lower, with the retracement trendline break out, I do expect GOLD to get up to the 1450 area in the coming week This move will be...
Hello all - DuncanForex with another trade idea I don't normally trade this a low a time frame, however with the inside day printed last night and the downwards consolidation trend line just broken on the 5 minute chart If this 15 minute candle's high is broken - I will be looking to add more positions with a buy stop Due to the timeframe - I will be only...
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...