Hello all Following the large pullback om GBPUSD if the downward trend line is broken, I will be looking to go long for another expected leg higher on GBPUSD This will be a continuation trade from the related trade below Thanks for looking Duncan
Hi All I have entered another posiiton shorting the USD against CHF. I expect this to go lower due to weakening dollar and it is now cycling lower on the 1 hour time frame This is my next entry along side the related idea below. Thanks for looking Duncan DuncanForex.com coming soon
Hello 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...
Hello 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...
Hello all I am looking to short XXX NZD pairs and / or Long NZD XXX pairs. I have been looking to short it over the past week, a few failed trades, if this one doesn't work out, I will probably leave NZD for a few weeks and focus on other currencies. Thanks for looking Duncan Duncanforex.com coming soon
Hello 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...
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...
Hello 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...
Hello 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...
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...
Hello all Slightly late in publishing this trade idea. I entered at 1.2922 after the hourly bullish engulfing candle at support - I should have entered lower and trusted my analysis, however I wanted to wait until my entry signal printed. I'm looking to ride this up to the next level of resistance at a 4: 1 ratio. I'm expecting a weaker USD in the coming...
Hello all After the positive trade last week, I am looking to get back into EURJPY and short it again on it's next leg down Looking to follow it down to next key level of support. The descending trend line (acting as dynamic resistance) was broken out of last week, however price has now returned back within it. Also it has now just started to cycle lower on...
Hello all With CHF being a safe haven it is currently coiling against the USD, however I'm expecting price action correlation. With USD continuing to weaken after the Fed confirmed a Dovish TOne in January, that is now starting to seep into the market. I do expect USDCHF to drop quickly at a point in the next day. I am entering two positions, one is a 3 :...
Hello all Looks like i was too early getting into this trade, got taken out only for it to reverse - that's forex for you I entered again at 20:00 BST on the 1hour close candle. I do now expect this to go all the way down to 120.00 You'll note that the short term upward trend (pullback) has now been broken and a new lower high has been printed. i expect this to...
Hello all I think i was too early geting into this trade If you look at the chart - (in hindsight) it did have higher to travel and make contact with the diagonal trend line which it previously broke through, now has retested that trend line overnight and i now think will travel lower. Same rules as the related trade idea below (EURNZD 5 to 1) Thanks for...
Hello all I am looking to short EURNZD on a 5 to 1 ratio. 2 entries 1 to the first level and the second down to the 5:1. You can see it has broken out of it's upwards trend and on the 4 hour starting to print lower highs. I will be trading this pair through the USD news on Wednesday night if it is in the positive. As I expect XXX USD to go up and USD XXX pairs...
Hello all I am looking to take another long trade in Gold. After a good week last week, I think there is potential for Gold to continue to cycle higher, especially whilst Indices are at their highs. I am looking for an engulfing candle in this area to show bullish signs, RSI is at the oversold level It is at Support which was resistance that was broken through...
Hello all I have been watching this for a while and it is starting to play out. On USDCAD, there is a large monthly engulfing candle for Jan 2019. Similarly on many other pairs inc AUDUSD, printed in Jan 2019 there is a large bullish candle. On the weekly it also printed a nice bullish pin bar at support. I am waiting for it to pull back to the 61.8 area of...