$GBPJPY #GBPJPY Intraday Shorts take profit 1 smashed
136 / 135 psychological levels in play
i liked the RRR on shorts off the 136 handle
Fxsignals
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
DAX - Positioning to buy a dip GER30 is Bullish - We look to Buy at 12110
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Trading within a Bullish Channel formation.
▪️ Bespoke support is located at 12110.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 12110, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 11980
Target1: 12575
Target2: 12800
EURNZD - Buying a corrective dip to the 78.6% retracement EURNZD is Bullish - We look to Buy at 1.7295
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Bespoke support is located at 1.7295.
▪️ A bullish reverse Head and Shoulders is forming.
▪️ We have a 78.6% Fibonacci pullback level of 1.7295 from 1.7190 to 1.7653.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7370, resulting in improved risk/reward.
Stop: 1.7235
Target1: 1.7535
Target2: 1.7650
EURJPY sell trade idea.EURJPY sell at 119.800 aim for 119.300. Stops at 120.4000 area on H1 timeframe.
USDCHF| SELL TRADE📉| KEY STRUCTURE FADE🌟🌟Hypothetical scenario:
(1) Entry @ 0.95365 (Sell LMT )
(2) Stop Loss @ 0.95890 | 52.5 points
(3) Target @ 0.93995 | 137 points
(4) R:R = 1:2.61
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
GOLD - Selling rallies for now Gold is Bearish - We look to Sell a break of 1706.50
▪️ There is scope for mild buying at the open but gains should be limited.
▪️ We have a 50% Fibonacci pullback level of 1708.04 from 1670.72 to 1745.35.
▪️ Bespoke resistance is located at 1706.50.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1706.50, resulting in improved risk/reward.
Stop: 1715
Target1: 1671
Target2: 1665
