USDMXN LongI believe that the USDMXN pair will be long for another day. If you buy now and hold until the end of Monday, then you can get a 1:2 risk-reward ratio.
EX:
risk 100 to make 200
Fxsignals
$XAUUSD #GOLD - London Session buys @ 1950 Instant Profit Intraday buys off the 1950 handle
Multiple confirmations (trend, technical, fundamental, sentiment)
Pre London false move into sell side liquidity & key 1950 psychological handle
SL was -50 pips @ 1945 (now risk free at breakeven)
Intraday profit targets @ 1960 (+ 100 pips & 1:2 RRR) & @ 1970 (+200 pips & 1:4 RRR)
Leave a runner as this could come into 2000 medium term (I don't see the double top at 1980 holding....)
Bullish on these two Pairs: AUDCAD & USDCADRight 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 risk. Proceed with caution.
Next Curve: AUDJPY Decent EntryRight 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 due diligence.
EURUSD Sell CorrectionEURUSD has been climbing all last 2 weeks but extremely overbought. Pair has moved too fast and I expect a correction soon from the 1.1800 area.
Entry:
1.1800 area
TP 1 at past support 1.1420 area
Short SL at 1.1850 to 1.1900
Good luck trading!
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made simple
I'm Bettling Long on the USDTRY PairRight 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 your own risk.
AUDNZD: Bullish ~ Ready for the Next SwingRight 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 basis. Please invest at your own risk, do your own due diligence and proceed w/ caution.
Bullish on Short EURUSD EntryI'm bullish on an entry for the EURUSD pair that would be less than a five day hold. Right now, I think it is reaching the tip of the current bullish pattern but has some positive support to continue picking up the next few days. That being said, keep in mind that everything I say is on an opinion based basis. Please do your own due diligence and proceed with caution at your own risk.
$GBPJPY #GBPJPY Intraday Shorts take profit 1 smashed
136 / 135 psychological levels in play
i liked the RRR on shorts off the 136 handle
GBPCAD sell trade idea.GBPCAD sell from 1.7100 area aiming for 1.6900 closes. Stops set at 1.71600 closes on H4.
Next Wave: Waiting for NZDUSD to RetraceLots of people seem to lack the patience to wait for the next wave in terms of continued bullish correlations. I been consistently shortening and trying to get back the dips, not being able to keep up with the market patterns in which you have seen overarching growth the past few days in general. Right now, I think as a hold, this may have a decent positive retracement swing, and seeing how profitable it seemed, looks like the next pattern is close to being ready. As always, keep in mind everything I say is on an opinion based basis. Please proceed at your own risk and do your own due diligence.
Ready for the next wedge? USD/MXNRight now, I'm confident enough for an entry for the USDMXN pair for the next positive wedge correlation pattern. I think it is going to start garnishing some more support and picking up momentum very soon, and the pattern seems there. As always, everything I say is not meant to be taken seriously and is on an opinion based basis. Please pursue at your own risk and do your own due diligence.
AUDCAD: Entry: Worth the Risk?I think now at a small dip, might actually be good for a small time frame pattern to buy AUDCAD as an entry. Right now I'm bullish and think that it will go back up for support levels. That being said, it is mid risk. Everything I say is on an opinion based basis. Please do your own due diligence and pursue at your own risk. What I say isn't meant to be taken as actionable financial advice, and you should always proceed after investigating yourself.
EURUSD 30min Signal: Tech Resistance in SightFX:EURUSD
EURUSD reached a fairly firm resistance on the 30min chart as seen in the chart. The resistance has been tested on 4 different occasions and prevented EURUSD from climbing higher.
The potential target is 1.1415.
AUDJPY - Buying dips towards the lower end of the channel AUDJPY is Bullish - We look to Buy at 74.32
▪️ Trading within a Bullish Channel formation.
▪️ We have a 50% Fibonacci pullback level of 74.23 from 73.30 to 75.16.
▪️ Bespoke support is located at 74.32.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 74.32, resulting in improved risk/reward.
Stop: 73.95
Target1: 75.60
Target2: 76.00
EURCHF buy trade idea.EURCHF buy at 1.07000 area aiming for 1.1000 closes. Stops set at 1.05500 closes on daily timeframe.
GOLD - Buying dips within the channel Gold is Bullish - We look to Buy at 1787
▪️ Trading within a Bullish Channel formation.
▪️ Bespoke support is located at 1787.
▪️ We have a 50% Fibonacci pullback level of 1787.77 from 1757.49 to 1818.05.
▪️ The medium term bias remains bullish.
▪️ Preferred trade is to buy on dips.
▪️ Expect trading to remain mixed and volatile.
Stop: 1780
Target1: 1820
Target2: 1830
Keeping a Close Watch on NZDUSDIn my opinion, NZDUSD as a Forex pair is currently underrated. While it has some slight positive, there is higher bullish potential and a positive continuation wedge needing to be filled. I also think the bullishness will beat current resistance levels. Overall, I am a long. Please keep in mind everything I say is on an opinion based basis. Pursue at your own risk and perform your own due diligence.
GOLD - Buying dips to the bottom of the channel Gold is Bullish - We look to Buy at 1780.5
▪️ Trading within a Bullish Channel formation.
▪️ Bespoke support is located at 1780.50.
▪️ There is scope for mild selling at the open but losses should be limited.
▪️ The medium term bias remains bullish.
▪️ Preferred trade is to buy on dips.
▪️ Expect trading to remain mixed and volatile.
Stop: 1773
Target1: 1809
Target2: 1818
USDCHF - Selling rallies to the top of the channel USDCHF is Bearish - We look to Sell at 0.9423
▪️ Trading within a Bearish Channel formation.
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Bespoke resistance is located at 0.9423.
▪️ The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing.
▪️ Preferred trade is to sell into rallies.
Stop: 0.9443
Target1: 0.9330
Target2: 0.9300
USDCAD, Setup: BUY, TF: M30, S/R & Trendline StructureUASCAD
PLAN: M30
SetUp: => BUY
Structure: Uptrend forming
Tendency: Upward
Above Daily & M30 S/R
BUY: Green Area
