Long-signal
GBPUSD POSSIBLE BUYPrice respected perfectly our PRZ
daily zone (blue support) and closed
4 times above the daily 61% fib (black one)
making 2 dojis in a row above it and breaking
that flag pattern completing the 2nd impulse
so now we gonna buy it for a quick intraday
set up with 1:1.5 risk reward
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Happy trading
USDJPY Institutional Buy SetupHello traders! The 118.66 high on Friday has since kept the buyers in check. Since then we have been seeing some consolidation that is easing the overbought conditions. The first reasonable level to see potential dip buyers step in is around the 116.12 figure. It is entirely possible to see dip buyers step in before that at around 117, but 116.12 is a much better level and we only like the best setups here. As always we will be using a 30-40 pip stop loss and look to get whatever we can on the profit side. Good luck to anyone that takes it!
GBPUSD Institutional Long SetupNormally we wouldn't be looking to buy the GBPUSD with the strength that we are seeing in the Dollar, but there is a lot of confluence here at the 1.242-1.24 zone from our institutional research. We know that institutional traders will be looking to this zone for a bounce so the likelihood of decent volatility at the zone is very high. As usual we will be using a 30-40 pip stop and looking to get whatever we can on the profit side. The trade could be good for 30 pips... 50 pips... 100 pips... who knows, no one does. We take what we can even if it is only 10 pips. Anyone that gives solid targets in their signals is feeding you bullshit. That is NOT how institutional traders trade.
AUDJPY Potential Long Signal UpdateTRADE UPDATE
Previous analysis:
Please see original analysis for in-depth explanation of our long bias.
We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the upside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the downside with a chance prediction of 94%, but we will continue to monitor price action and the updates from our algorithm.
See the link below for an image of our algorithm's forecast for this pair.
i.imgur.com ]
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Technical : Double Bottom Reversal-SIGNAL-
Date : 20.3.2016
Technical : Double Bottom Reversal
Pair : USDCHF
Timeframe : H4
Trade : LONG
Entry now : 0.96917
Take profit 1 : 0.98539 (170 pips)
Take profit 2 : 1.0000 (310 pips)
Take profit 3 : OPEN
Stop loss : 0.96379 (50 pips)
Risk reward : 1:3
Regards,
FxcInvesting Team
www.fxcinvesting.com