Hi Traders! We currently have a double top formation which we must break through if we are to have a possible Bullish push, there is Resistance at 0.66392 and must break and close through this level to see Bullish momentum. If we break through and close, the target is 0.66787. Risk to reward opportunities are excellent here as we are near the Support which...
Hey Traders, Introducing BluetonaFX A warm welcome to all the traders out there using this platform. Although we are new to TradingView, BluetonaFX is a professional group of traders who have over 15 years of experience in FX trading beginning in 2008, the year that heralded the second significant paradigm shift for retail traders after 1996 when retail traders...
EURUSD respecting the down trend channel since long time on Daily TF. Most likely looking to test 0.9800 area of resistance again before dropping back to expected TP.
GBPAUD D1 We saw this pair push 1R over the eastern session, seen somewhat of a lower time-fame double bottom for a second entry. This 1.88 is holding for the moment, waiting to see if we have another bullish bounce of whether support tumbles and AUD out-performs the GBP.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as...
Forex pairs have been off the radar for some time as most of the action has been in stocks. But here and there, certain forex pairs will pop up with opportunities and this is the reason that we never take our eye off the ball. You can clearly see from the chart that the US Dollar is gaining strength over the Turkish Lira and has consistently been on the rise for...
Right now looking at the AUDNZD and GBPNZD pairs, I am actually bullish for an entry. I think that the AUDNZD pair is at a dip, and continued support levels could be picked up for the GBPNZD pairs. The sentiment also seems positive. That being said, do your own due diligence and invest at your own risk. Keep in mind, everything I say is on an opinion based basis...
Currently for a forex pair, I am actually long on the USDCNH. Given its past bull run, the correlations have been mostly bearish likely targeted by panic selling over warranted negative sentiment. That being said, I think it is starting to retest positive. Please keep in mind, everything I say is on an opinion based basis. Please proceed with caution and invest at...
Lots of people seem to be resisting the USDMXN as it is gaining support levels, but I think with the current sentiment, the positive support will outweigh the resistance. Is this another decent reentry in my Forex quest? Yes! I think thus far USD/MXN have been easy to trade back and forth on the basis of charting patterns. That being said, once you have decent...
Right now, I am doing an entry on the USDMXN hoping for an upswing in price. I think it just needs to garnish some more support for the next positive wedge correlation. Currently resistance is high, but the risk is worth is it in my opinion. That being said, everything I say is on an opinion based basis. Please invest at your own risk and do your own due...
Right now, in terms of something I think could still garnish more support levels long term, I am holding CADCHF. Now, this has been one of my longer holds the past few weeks for a forex pair, but I'm hopeful that it does breakout lots of the bearishness it has been having recently. I have a target of it going past the $0.709 price point. That being said,...
Right now, lots of events are coming up in relation to the this pair that I think will be positive. Also, given the risk level vs. potential reward, I think this have been oversold and it is about to have a breakout point from past resistance. I believe as an entry point, it is still quite decent and positive retracement potential is there. That being said, please...
Right now, two pairs that I'm watching that have been a decent entry are the AUDCAD and USDCAD pairs. Overall, I'm bullish on them and expect some positive correlations and that they gain some momentum in terms of support levels. That being said, keep in mind everything I say is on an opinion based basis. Please do your own due diligence and invest at your own...
Right now looking at wave correlation and current support levels + risk aversion ratios, I believe that AUDJPY is due for an entry and that this is roughly a low risk trade. I also think sentiment shows some continued support levels. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own...
Right now, two forex pairs that I think will have yet another real quick positive retracement curve are USDMXN and USDTRY. I am keeping a close watch on an entry for these two. I also see some positive sentiment indicating more support levels. As always, please proceed with caution. Do your own due diligence. Everything I say is solely on an opinion based basis...
Right now looking at the correlations, and post-week price expectancies, I am currently betting long on the USDTRY pair and think it has some positive sentiment surrounding it. I also think the current neutral pattern is about to be broken quite soon. As always, everything I say is on an opinion based basis. Please do your own due diligence and please proceed at...
Right now, I am looking for a swing in which I have an entry that I will close within 5 days (as with many of my Forex trades), and I think I have found one with the AUDNZD pattern and current sentiment. I am doing an entry for this, and I see the bullish SMA showing some support w/ still some ways to go. That being said, everything I say is on an opinion based...