Levels discussed during the webinar 4th April 4th April
DXY to break 102, next support level at 101.60
NZDUSD: sell 0.6280 SL 20 TP 50
AUDUSD: sell 0.6740 SL 30 TP 60
USDJPY: no trade for now
GBPUSD: Counter trend, Sell 1.2390 SL 30 TP 90
EURUSD: Buy 1.0945 SL 40 TP 80
USDCHF: break 0.91 sell, SL 15 TP 30
USDCAD: sell below 1.34 SL 30 TP 60
GOLD: upside from 1988 to 2000
Livestream
Levels discussed during the webinar 3rd April3rd April
DXY if close below 102.80, look to test 102.60 and 102.40
NZDUSD: buy 0.6230 SL 25 TP 60
AUDUSD: test & reject 0.6730, sell down SL 25 TP 50
USDJPY: Buy above 134 SL 30 TP 90 (135 resistance level)
GBPUSD: Buy 1.2323 SL 30 TP 70
EURUSD: Buy 1.0870 SL 20 TP 60
USDCHF: no trade
USDCAD: sell 1.3485 SL 25 TP 40
GBPJPY : ranging between 164 and 165.50
GOLD: upside from 1970 to 1992 SL 1965
Levels discussed during the webinar 31st March31st March
DXY reached 102, retrace to 102.60 (max 102.80)
NZDUSD: no trade, price to track down to 0.6220
AUDUSD: sell 0.6665 SL 20 TP 40
USDJPY: Buy 133.40 SL 50 TP 150
GBPUSD: sell 1.2350 SL 20 TP 50
EURUSD: Sell 1.0855 SL 20 TP 50
USDCHF: no trade
USDCAD: buy 1.3575 SL 35 TP 70
GBPJPY : Sell 163.80 SL 50 TP 150
GOLD: no trade, chill
Levels discussed during the webinar 30th March30th March
DXY consolidating along 102.60, break to the 102 support level
NZDUSD: buy 0.6250 SL 20 TP 40
AUDUSD: buy 0.6720 SL 20 TP 40
USDJPY: wait for retrace, buy 132 or 131.80 to 133 TP 100 SL 30
GBPUSD: no trade, look for price to test 1.24
EURUSD: buy 1.0870 SL 20 TP 50
USDCHF: sell down 0.9160 SL 20 TP 55 (hesitation at 0.9140)
USDCAD: further downside, sell 1.3535 SL 40 TP 80
GBPCHF : Sell 1.1330 SL 30 TP 60
GOLD: no trade, chill (buy 1980, up towards 2000 SL 1975)
Levels discussed during the webinar 29th March29th March
DXY testing bearish trendline, looking to reject and trade down to 102 (if it breaks, we could see 103)
NZDUSD: sell below 0.6225 SL 25 TP 40
AUDUSD: sell below 0.6670 SL 20 TP 30
USDJPY: buy above 132 to 133 SL 40 TP 80
GBPUSD: no trade, look for price to test 1.24
EURUSD: looking for upside, buy above 1.0850 SL 40 TP 70
USDCHF: sell down 0.9185 SL 40 TP 40
USDCAD: retest & reject 1.3630, sell down SL 30 TP 60
GBPCHF : Sell 1.1330 SL 30 TP 60
GOLD: no trade, chill
Levels discussed during the webinar 24th March24th March
DXY trade lower, from 102.57 to 102 support level
NZDUSD: no trade, looking to retest resistance
AUDUSD: break 0.67 buy to 0.6760 SL 20 TP 40
USDJPY: consolidate between 129.80 and 130.60
GBPUSD: retest 1.2340 high
EURUSD: look to test 1.08 to buy up SL 40 TP 110
USDCHF: between support and resistance, do nothing
USDCAD: sell below 1.37 SL 20 TP 40
GBPJPY: buy above 160.40 SL 80 TP 160
GOLD: trade up to 2000 again, leaving for next week
Levels discussed during the webinar 20th March20th March
DXY retest bearish trendline, down to 103.50
NZDUSD: Buy 0.6260 SL 25 TP 50
AUDUSD: buy above 0.6735 SL 20 TP 40 (later than NZDUSD)
USDJPY: below 130.60 SL 30 TP 60 (quick)
GBPUSD: Buy break of 1.22 SL 80 TP 160 (BOE Decision Thursday)
EURUSD: Buying above 1.7 SL 20 TP 100 (trailing stop loss)
GBPJPY: buy from bounce of support 159.00 SL 50 TP 300
GOLD: climb to 2070, if price closes strongly above 2000
Levels discussed during the webinar 9th March10th March
DXY range between 105.10 and 105.35
NZDUSD: Sell 0.6080 SL 30 TP 90 (good news)
AUDUSD: Counter trend up, 0.6640, SL 30, TP 60 (bad news)
USDJPY: no trade
GBPUSD: Buy after retrace 1.1940 SL: 30 TP 90 (bad news)
EURUSD: Both upside and downside potential
USDCHF: could go down, but not good RR
USDCAD: stay away
GOLD: climb to 1847 SL 1828
AUDNZD: buy 1.0825 SL 30 TP 60
EURAUD: sell 1.6030 SL 30 TP 70
Levels discussed during the webinar 9th March9th March
DXY range between 105.35 and 105.90
NZDUSD: Counter trend up, 0.6140, SL 30, TP 60
AUDUSD: Counter trend up, 0.6640, SL 30, TP 60
(Choose between either nzd or aud)
USDJPY: possibly wait for tmr break 61.8% below 136.40, SL 60 TP 100
GBPUSD: Sell on break of 1.1850 (1.1835) SL: 30 TP 60
EURUSD: buy 1.0565 SL 40pips, TP 70pips
USDCHF: could go down, but not good RR
USDCAD: buy from 1.3825, SL 30 TP 70 (counter trend opportunity exists too)
GOLD: no trade unless it breaks a clear level.
GBPJPY: down 161.20 first
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GBPJPY trade taken 02/11/2020Early entry made after seeing a 2nd resistance form at the range highs. (range trade) Entry explained on chart. Targets based on livestream detailed explanations and overall outlook. Secondary entries to be taken if options show below 135 with LTF resistance forming. i will be looking to move to break even asap in this trade minimal risk used as im planning later entries and its he start of the month
Bullish Cypher on EURUSD Heading Into NFP!There is a potential bullish cypher on the EURUSD that will complete at 1.05780. Now this probably wont get filled until the jobs number comes out, but if you trade during the NFP you might have a potential opportunity here. Minimum stops as always must be under X at 1.05668 with target 1 around the 38.2 fib retrace at 1.05935 and target 2 at the 61.8 at 1.06032.
If you want to see some more ideas such as this one, tune into the live trading room today.
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Bearish Cypher Ahead of ECB Rate DecisionRight now i'm getting ready for my live trading room stream, and I came across this bearish cypher pattern here on EURJPY. This will potential complete @ 122.531. Minimum stops need to be above the X-Leg. Here on the chart I have my stops at a 1.130 fib inversion of the X to A leg. Target 1 will be at the 38.2 fib retracement and target 2 will be at the 61.8 fib retracement.
If you would like to join me for the live stream, here is the link: www.youtube.com
Good Luck and Good Trading!
Two Potential Cyphers on USDJPYAs I was looking over my charts getting ready for my live trading room stream, I found these two potential opportunities on USDJPY! Both are bearish and both can be used as an alternate entry for a trend continuation trade to the downside.
The first cypher in blue, will potentially complete @ 114.854. Minimum stops need to be above X at 115.442 with the traditional target 1 at the 38.2 fib retracement "114.055" and target 2 at the 61.8 fib retracement "113.559". The second cypher in red, will potentially complete @ 115.969. Minimum stops need to be above X at 116.858 with target 1 at 114.746 and target 2 at 113.989.
Now on the chart the traditional targets are Red & Green and both of them (depending on where you place your stops) have around a 1:1 Reward/Risk for target 1 and a 1.5:1 Reward/Risk for target 2. Now if you use the alternate targets (Red & Blue) your Risk/Reward is drastically improved. Target 1 is better than a 2:1 Reward/Risk and Target 2 (Using a 127.2 Fib Ext.) is almost 3.5:1 Reward/Risk.
As always, follow your Plan. If you would like to join me in the live stream here is the link: www.youtube.com
Good luck and Good Trading!