Everythingfx
Hourly Trade?i usually do not trade on the hourly time frames,but lets try it this time. looking anywhere between 30-50 pips short. Both trades uploaded are live and ongoing, regardless of news. Cheers and happy trading.
Good Morning GBPCAD :)Perfect downwards trend on this set up. Using the fibs this pair looks like it is rejecting the 23.6 region and is heading downwards. i believe in keeping my charts as clean as possible. 110 pips move. lets catch those pips. Comment your views and thoughts below. Cheers. Happy Trading.
clear upwards trendline. GA BUY FOR THE WEEKDont usually swing trade, but i think this maybe worth the shot. Long oppurtunity to the 1.82 or even 1.85 region. Comment your thoughts and opinon below. (just doing a lil homework before the market opens). Happy trading guys :)
GBPJPY, short after break retest weekly resistance?After breaking the weekly support of 142.50, we've consolidated below the level for quiet a while now. We've retested 142.50 as resistance for 8 days straight, not able to break, close and stay above it. After breaking to the downside of the consolidation box we now retraced back to the key level since we got positive results from this morning retail sales numbers. On the daily we see the MA's crossing bearish and we got the evening star with it at the resistance level . On the 4H we are now closing to the 61.8 fibonacci level that lies a couple of pips below the key level, making this a very demanding and interesting price for bears. Since we remain and close this week below the weekly resistance I'm only interested in shorting the pair. Might take a position now or wait until market open in Japan session on sunday (since we know it's the retracementfase) for further retracement and wicks to the highs, testing the 71.00 fibonacci level.
NZDUSD hourly timeframe. Head and shoulders pattern.1.5 ratio. small trade with 30 pips tp and a 20 pips SL. it looks certain to go lower. currently at 50% region in my fibs.30mins bearish engulfing shows that it rejected that region and must go lower to retest. Cheers and happy trading
Key region for NZD/CADON the daily and on the weekly, i see a bearish momentum. However, on the 4hourly we are in a HUGE support region. Where do you think this pair will go?
Potential GBPAUD reversal to downside.After closing last week with a shooting star back below the resistance level of 1.8250, we completed a fibonacci retracement of 71.00 on the daily TF. Creating a H&S pattern on the hourly TF we broke, closed below and retested the trend line and resistance level again. Im looking for a potential short to the D extension at 1.7700, with support in between at 1.8000 and 1.7900 . If we could break both supports, we might continue and break the weekly support of 1.7750 to continue to the next D extension and monthly support around 1.7500 - 1.7457. But I'd like to see the weekly support tested since we know there's a 75% chance of hitting the weekly key levels after breaking a monthly key level.
Is EURNZD ready for a short?Watching EURNZD I still believe we got some more room to the downside since we’ve rejected from the 50 fib on the weekly TF at 1.7050 . Last week we closed as a bullish engulfing which could lead to bullish interest but we havent closed above any declining MA on the weekly yet, currently testing the EMA as resistance. On the daily TF we are now breaking out the downside of a hourly consolidation zone. Potentially closing as 3 pin bar pattern after today’s close. We’ve been in a bearish trend since 1 January after testing the key level support 1.7050 . From the daily declining trendline we are have rejected the 78.60 fib with last week’s close. If we now can push back below the monthly resistance of 1.6700 my bearish vision will be validated for me, targeting the next daily supports of 1.6600 and 1.6450 close to the next weekly support and first fib D extension. Long term take profit zone would be around 1.6455 - 1.6350 . If we take out last weeks highs we’ll have to come back to the charts, upside target could come around 1.6900 if we retest 1.6700 as support.
XAUUSDDaily- HH's & HL's, bullish trend, MA's are bullish, TL holding nicely.
4h- Needs a retest, previous liquidity zone/ Daily TL / 61.80%
Bears took control over GBPUSD.Since we broke the previous support mentioned at 1.3080, we've been heading lower and lower breaking easily through the monthly support of 1.3000 and closing below. Also May has her negative effect on this pair making it easy for pound to head lower and close with a bearish marubozu candle on the 4H TF. Currently there's a lotta room left to the downside with our next target at 1.2850 which acted as a strong resistance and support in the past. Breaking this support makes it possible for pound to test January lows again at the 1.2700 monthly support level.
NZDUSD ready to make higher low?NZDUSD is a pair I’d like to put my focus on from now on cause I adore the way it respects price action. On the daily TF we’ve rejected the previous daily high 0.6940 with a somewhat tweezer tops and on the last day of last week we closed with a strong bearish engulfing + theres a little wick on the downside so it’s also somewhere between a shooting star and marubozu. Yesterday we closed the day with a bearish spinning top. If we then go down to the 4H TF we can see how we broke to the downside of the consolidation box and are now retesting previous support as resistance. On the D TF we are still with bullish MA’s but on the hourly TF’s we crossed bearish. I expect price to break the hourly support and drop all the way to the monthly support 0.6850 with chance to break thru and test the hourly lows around 0.6820 .
On the 2H TF we rejected 0.6900 with several wicks and are now closing the current candle as a evening star pattern.
XRP Buy Margin TradingWe seen a crucial manipulative spike downwards which hit my Sl earlier today, so i waited to see if 30 cents can manage to hold up,and the past couple hours it has which led me to believe the bulls are coming in. Bouncing off the 61.8 fib once again it signaling to me this is holding up and also its making a 3 pin pattern on the hourly and can see it as well on this timeframe, if we manage to break the current trendline i have onto my charts,will start seeing some huge momentum come into play. My Current postion came in at .30180 with a tight stop loss at .30 cents, my Take profit at the moment, 50 cents as before, but i dare say we can possibly begin climbing higher.
AUDUSD Daily- MA's are crossed over (bullish), New HL & HH has been formed. (looking for a re-test to prior H)
4h- MA's are bullish, Double top ( need the retest) fib 38.20%
Potential short on EURNZD.Currently looking at EURNZD after the market open we opened a bit lower. We are holding at a previous support zone, now resistance aligned with the 38.70 fibonacci retracement at 1.6619 . We can also see how the SMA comes as resistance aligned with the fibonacci and previous support, confirming a legit resistance zone. I expect price to go lower and hit the 1st fib D extension at 1.6466 but I'd like to see price close back below 1.6600 on a hourly TF to confirm that vision. IF we go the opposite way and close above this resistance zone, I expect price to recover back to the strong monthly level 1.6700 which aligns with 71.00 fib level.
XRP Buy Margin TradingXRP after a successful Short position this morning after waking up i seen the pair holding strong onto my weekly trendline support as it did a rapid spike into the 61.8 region on the fib and back to .30700, then i got into the position waiting for a restest of that trendline where the arrow is at. all in all now my bias has changed, XRP can possibly set to begin a new trend ? at the moment My entry point was at .30628, Stop Loss at .3000, and Take profit call me crazy but i can see this pair fly back up to 50 cents at least. Holding Long term, if this holds we are in for a special treat.
XRP Sell Margin TradingXRP made a quick run to the upside retesting prior high and testing the 200ema with precision on the 2 hour timeframe, managing to close below, it signaled me for a Sell execution, Stop Loss at .3200 risking 30 PIPs with a TP at .30 roughly 170 PIPs, But i potentially see this pair possibly retesting a low of .28800 - .28 cents. If this occurs within the next few days we can see a great opportunity to enter a buy setup to possibly the moon ?
Looks crazy doesn't it?EURUSD touching DAILY TRENDLINE. WICK BY WICK the pair has respected it and fallen. I believe NFP and EUROS news today may cause price to move lower. What are your thoughts, comment below! Cheers
