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Duncanforex

USDCAD - SHort position - expecting a large sell off of the DollHi All A few weeks ago I posted about USDCAD and the monthly bearish engulfing candle printed in Jan 2019. After a slow retrace - I think we are now at the point of reversal. After a stop hunt after the CAD rate news yesterday, it has started to cycle lower. I am expecting this to actually end up at around 1.2600 if you're feeling brave enough to hold it for that long. I have entered three trades - all at 1.3510 with stops above 1.3560 area Lets see how these play out Thanks for looking Duncanforex.com coming in the next 2 weeks.
Short
by UnknownUnicorn483829
AUDUSD 12 to 1 win vs Risk - Trade is going LongHello all After a few false starts -(see related idea I posted a few weeks ago below) with the bullish engulfing daily candle today (dependant on your broker), I do expect the 61.8 retrace of the first leg now to continue higher up to near 0.7450 area )once the gaps is filled today on a small retrace) This will be a trade to hold for a few weeks, however when it goes, it will go higher quickly. Some short term sentiment news will drive the power moves, however I do expect dollar weakness across the board and all XXX USD pairs to go up and USD XXX pairs to go down. (be mindful of Yen pairs as they do move differently. I also expect Gold to move higher too. Last week price action was a complex retrace only Thanks for reading duncanforex.com coming soon
Long
by UnknownUnicorn483829
1
EURAUD SHORT - Potential Great Trade Hello all After being proven wrong a few times last week, now that the uptrend has been broken, I think this retrace and bounce will now start to enable AUD to gain some strength and cycle lower. It coincides with my AUDUSD long trade prediction, therefore trade wisely before doubling your risk on AUD correlated pairs. I am in on the 4 hour candle bearish pin bar from earlier today - I do expect it to cycle sideways for a bit before dropping lower. I think the FOMC minutes could be the catalyst. Thanks for looking Duncanforex.com coming soon
Short
by UnknownUnicorn483829
GBPAUD - SHORT - 5 TO 1 WIN VS RISK - POTENTIAL TRADEHello all With GBPNZD moving lower (gradually on a related trade) I am looking for AUD strength too. I think the recent break out lower on AUDUSD is a bear trap and in turn will go higher. In turn, I expect GBPAUD to go lower. On reviewing the price action, It has printed a Bearish Butterfly pattern on the 1 hour chart at a good level and in turn I do expect this to start to cycle lower. it has just printed a 1 our engulfing bearish candle Quite a tight stop and I have reduced my risk due to this so instead of having my stop above the swing high for 1%, I have placed it as indicated - same lot size however only risking 0.5% I can still win the same however I'm reducing my risk by 50% of the normal capital amount. 35 pip instead of 70 ish pips. If the low of the 1hour candle is broken, I will be in the trade Lets see how it plays out. thanks for looking Duncanforex.com coming soon
Short
by UnknownUnicorn483829
CHFJPY - Short 3 to 1 - Trend Continuation tradeHello all This trade meets my entry requirements, Bearish engulfing a few hours ago at Resistance (indicated with the down arrow) Retrace of that candle by 50% - I am now in that trade manually - Price action by the bulls is small compared to the bearish candle. It has started to roll over and make lower highs and lower lows too I am conscious of the Bulls winning the daily candle battle, so it could climb higher, however rules have been met and I am in the trade Thanks for looking Duncanforex.com coming soon.
Short
by UnknownUnicorn483829
1
AUDUSD - 14:1 win vs risk trade - Potential for 500+ pips Hello all I think the related trade I posted previously about AUDUSD may now be taking shape I have reviewed the points where I was applying Fibonacci levels and I think we are just about to create a double bottom reversal Conservatively, you can wait until the last swing high is broken at 0.7070 However I am in at 0.6973 and a second entry at 0.6989 I am expecting this to now go up over the next few weeks - long term trade - as per other posts, I am expecting usd to continue to weaken. I will also be entering on each consolidation . breakout too on the way up Thanks for looking Duncan Duncanforex.com coming soon
Long
by UnknownUnicorn483829
1
GBPUSD LONG - 5:1 Trade is Live - near 300 pips plannedHello All To update a related trade, I have now entered GBPUSD long - on a 5 to 1 - expecting near 300 pips in total and will be looking to add entries as it cycles upwards. Reason for entry is that it on the 4 hour - it is a very bullish engulfing candle - on the 1 hour, you can see a strong move breaking the downward trendline Target is based on 61.8 retrace (where this Bullish reversal took place) of original upwards move and then extension of that move out to 1.3320 area for a target 3 entries taken - Targets are the levels of resistance at each stage. Thanks for looking Duncanforex.com coming soon
Long
by UnknownUnicorn483829
GBPNZD 1 Hour - 4 : 1 SHORT tradeHello all Following the NZD news last night, my position was taken out at 50% of retrace as I moved my stop forwards to reduce my risk. I then shorted GBP against NZD overnight and am now looking to do this again. Once I get a bearish engulfing on the 1 hour chart I will look to enter. Price could go higher to the dynamic resistance line (heading north east direction) (where the second short trade is shown) We will see how this plays out. Thanks for looking Duncan Duncanforex.com coming soon
Short
by UnknownUnicorn483829
GOLD XAUUSD - 5 : 1 win vs risk trade ideaHello all Following on from last week, i am continuing my view of dollar weakness. Following trading through NFP on Friday, I expect Gold to now continue higher I have gone long on the retest of what was resistance now turning into support. I entered the trade earlier when I was out. I expect this to achieve a 5 to 1 outcome. I will be looking to add to my position on further pullbacks thanks for looking Duncan duncanforex.com
OANDA:XAUUSDLong
by UnknownUnicorn483829
UK100 FTSE - SHORT - 7:1 Win vs Risk trade ideaHello all Following last weeks short that played out well, now it has broken through the trend line, i expect it to follow the route i have mapped out for it on the chart. To head lower to ultimately get to 6750 as it cycles lower. If it breaches and closes below 6500, we have a bear market (however thats a long way off and we don't know until it prints beloiw and retests it) I have taken this trade however do expect it to potentially pull back first thing tomorrow before heading south soon after. I have set a sell limit slightly higher to get me in on a second entry. (around 7410) Depending on the BOE tomorrow lunch, this could plummet. Trade safe and thanks for reading Duncan
TVC:UKXShort
by UnknownUnicorn483829
GBPNZD Short 3 : 1 Win vs RiskHello all I have shorted the GBP with NZD, based on USD weakening and NZDUSD becoming a long position, alongside AUD also getting stronger. I expect XXX NZD, XXX AUD pairs to start to fall as per my EURZND trade ideas last week along with NZD XXX and AUD pairs starting to retrace in the short term. I am looking for a 3 : 1 trade on this pair and dependent on price action when it hits support, I will review if i then trade it long again or follow it further lower . As on the Monthly, is a loveypin bar for Oct 2018 - showing where price will ultimately go after a 50% to 61.8% retrace of that candle Thanks for looking Duncan Duncanforex.com coming soon.
Short
by UnknownUnicorn483829
2
Uk100 FTSE Short Opportunity - 4 : 1 Reward vs Risk Hello All Following watching trades from last week start to play out, I am expecting the FTSE 100 to follow lower in the coming days. This is based on it reaching a key level of resistance which I expect will result certainly in a short term correction. - We are still in a bullish overall trend at present though. I am expecting to see a bearish engulfing candle at resistance on the 4hr chart then maybe a double top resulting in a lower high. Thanks for reading Duncan
TVC:UKXShort
by UnknownUnicorn483829
GBP AUD - Long position 3:1 Win vs Risk RatioHello all I missed the initial surge out of the down trend, however now it has cycled lower again towards support (which was previously resistance) I am now looking to enter long, I will be taking two entries, one at 3 : 1 now and the other will be a long term trade up to 1.8700 area, on the first cycle higher This could play out to be a great trade, however the second entry will take time to reach if it plays out that way I am looking for cycles higher at support with engulfing candles on at least the 1 hour chart Thanks for looking
Long
by UnknownUnicorn483829
USD CAD - Short - 3 : 1 Win vs Risk Trade ideaHello all I am looking to short USD with CAD this afternoon. Sell stop below the last set of candles- with a slight gap below Stop is above the previous high on the 7th March. On the Monthly chart - January 2019 printed a large bearish engulfing candle, and price never lies. I am expecting USD to become weaker in the coming weeks (against certain currencies) and months and it could start today. If this trade does not work out and instead heads higher, I will wait until i see a reversal as overall I am bearish on the USD. Thanks for reading Duncan
Short
by UnknownUnicorn483829
USDCAD Short - potential 10:1 Win vs Risk ratio Hello all Following on from the USDCAD Entry not triggering yesterday, I am now short USDCAD I am looking for a 10:1 win vs risk ratio and will be looking to enter additional positions as it starts to cycle lower. This is based on Monthly Bearish Engulfing candle printed in Jan 2019 and my expectation that the USD will start to weaken as we head into the rest of 2019. I have left a decent gap above the most recent high to give the trade some room to move Thanks for looking Duncan
Short
by UnknownUnicorn483829
2