USD/JPY Signal - USD Redbook Index - 29 March 2022USD/JPY has formed a double top pattern today, having hit a 20 year resistance level. In addition, one of our algorithms has taken a sell trade, adding additional confluence to the short position. We are targeting downside to 121.300, and will be trailing stoploss at 50 pips above price.
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EUR/CHF Signal - EUR Consumer Confidence - 29 Mar 2022EURCHF has rebounded out of the key resistance level at 1.030 prior to the EUR Consumer Confidence data today. Consumer confidence data is set to be released from both France and Germany today, and given the current tensions in the EU it is likely that consumer confidence will have plummeted. Negative consumer confidence will weigh on the Euro, particularly against the Swiss franc which is deemed a safe haven currency.
Technically the pair is holding below the resistance trendline, has broken the ascending trendline, has bounced from the 1.030 resistance, and is below the moving average ribbon (4H chart). We anticipate continued downside into the recent lows.
GBPJPY - Weekly/ Daily/ 4h Sell IdeaBeen putin specially attention to this paior this week, since it has been giving clear and good trend continuations, price went on a strong bullish impulses but yesterday it created a 4h structure wich was a sign to possible go long again but daily failed to close above the previous daily/weekly WTL and closed below that structure so right now my main bias is bearish if daily manage to stay below the 156.00 area and to fully confirm it we must wasit for london to see where the breakout will be.
EUR/GBP About to flop again?EUR/GBP has been getting slammed, mainly due to increasing tensions in the Ukraine. We anticipate the downtrend to continue, and current prices over a fantastic short opportunity.
Currently retail sentiment is between 65-70% long.
Resistances include the 0.8300 signficiant figure, the short term trendline, and the 50% fibonacci level.
GBPAUD - 30MGBPAUD - 30M
Price has finally broken the 1.8400 daily support where it was showing a very strong resistence, giving us a nice break with a new LL formation leading us to a perfect TP 2 yesterday, but today it seems like it is respecting the previous bearish structure forming a new one right below it so if we zee a break of the inner structure (red zone) i would like to short it again , also this structure lines up with a descencing TL and 38% fib lets see how price reacts in the following hours
CADJPY SELL BIASHello Traders,
CADJPY is in retracement mode on the Daily timeframe. On Daily timeframe price has been rejected multiple times in the previous weeks, giving us a sell bias on the lower time frames with a good risk to reward of high probability.
We are waiting for a buyer retracement, which if satisfactory as per our rules will provide us with a good entry.
BIAS: SELL
Timeframes for high precision entry: 60/15
Follow for Free Entry Signals on this trade and others from Professional Traders.
Eurchf bullish trade opportunitiesEurchf bullish trade opportunities
On this pair Buyer is very strong position market reverse from very important Fibonacci level on weekly time frame. Currently Its break short term resistance level expecting to retest at least next resistance that I have mark on chart. Its good point to take bullish trade
'"Always trade with Stop Loss"
GBP/USD Signal - GBP Retail Sales - 17 Dec 2021GBPUSD is trending to the upside prior to the GBP Retail sales data, which measures the total receipts of retail stores in the UK. Technically the pair has performed a break and retest pattern of the resistance turned support structure. The RSI is holding at bullish levels, and we anticipate continued upside.
US30 Entries + Exits for FREE!The ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
GBP/NZD Signal - GBP Retail Sales - 19 Nov 2021GBPNZD has formed a head and shoulders pattern prior to the GBP Retail Sales data today, and we are looking for continued downside on the pair. The 1H RSI remains at bearish levels, and price has recently rejected the left shoulder resistance. We are looking for downside towards the recent lows at the 1.8900 figure.
GBP/NZD - A perfect storm!Price pulled back into our area of interest, and bounced out of the resistance zone. Price is now at a support level, however we are looking for downside to continue.
On The 1H chart we can see price has formed a head and shoulder pattern, and we are looking for the neckline to break.
USD/CAD Signal - CAD Consumer Price Index - 17 Nov 2021USDCAD is trading to the upside currently prior to the CAD Consumer Price Index data, which tracks the change in prices across a range of goods and services and is used to measure inflation. Technically the pair is holding above the moving average ribbon, and has bounced from a key support zone. We are capitalising on the strong USD bull market with this trade, targeting upside into 1.26500.
GBP/JPY Signal - GBP Claimant Count Rate - 16 Nov 2021GBPJPY is holding bearish structure prior to the GBP Claimant Count Rate, which measures the rate of people applying for unemployment benefits in the UK.
Technically the pair is holding bearish structure on the 1H price chart, and is also trading below the resistance trendline. We anticipate continued downside into the 151.740 level.
NZD/JPY Signal - JPY Tertiary Industry Index - 16 Nov 2021NZD/JPY is trending to the upside today prior to the JPY Tertiary Industry Index data, which indicates the domestic service sector in Japan such as information and communication, electricity, gas heat and water, services, transport, wholesale and retail trade, finance and insurance ,and welfare.
Technically the pair has formed an ABCDE descending wedge pattern on the 1h chart, and has held the daily support at previous structure / the 38.2% fibonacci retracement level. We anticipate continued upside into 82.00.