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Possible Gold Long SetupHey guys, hope everybody is fine. First of all, we want to apologize for not being active for the last couple of weeks, as we are currently updating our website. But we will start from today updating all charts. :-) Okay, so let's start with a possible long trade in Gold. As you might know gold and silver are in an intact long trend and we are expecting gold to reach around 1300 in the midterm. As gold is currently correcting, we want to take the chance and buy gold at around 1247 with a stop loss below 1227 and a potential target of 1300. So let's see whether gold makes another push to the downside or not. Please read the article below on why we think all commodities and the currencies will gain in the near future. Hope that helps. Cheers
TVC:GOLDLong
by secrets2trade
GBPJPY wave analysisHello guys, What do you think about this wave analysis? It seems we are on the beginning of the 3rd wave hear (the biggest move according to Elliot). ABC retracement is completed between 0.382 and 0.5 fib retracement levels. We can see the pair gaining more volume on 0.5 fib level with the huge bullish candlestick. Even though I am already long on this trade (see my related idea GBPJPY showing a bullish retracement ), I just feel as sharing this Wave analysis. SL is set few pips below 0.5 fib level.
Long
by nkanven
[AUDUSD] PIN BAR CANDLESTICK + AREA OF RESISTANCEFX:AUDUSD In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision Candle. Trading Details: Time Frame: 12hr Entry: Below the low of the indecision candle (Pin Bar) Stop loss: A few pips above the high of the Indecision Candle Risk/Reward: 2:1 Account Risk: 2%
Short
by daldertg
Nice Correlation Trade Between GBPJPY & USDJPY Is Setting UpA nice correlation trade between GBPJPY and USDJPY is forming. The two pairs are currently trading with a spread of 550 Pips, the widest spread since the end of January. Our algorithm is giving a 79% chance of GBPJPY coming in and a 74% chance of USDJPY rising. With that said we will be going Short GBPJPY at market and Long USDJPY at market. NO STOP will be set, with correlation trades you need to set a mental stop based on your risk profile to your overall equity. These two pairs are +90% correlated BUT the volatility levels vary with GBPJPY being approximately twice as volatile as USDJPY. With that said you GBPJPY position size should be smaller than your USDJPY position size. Some traders may believe that Shorting GBPUSD is the same as taking the correlation position which we are recommending. Nothing can be further from the truth! Several reasons: 1) The correlation trade includes JPY and it's economy. How the U.S. economy reacts to the Japanese economy at times will differ from how the U.K. economy reacts to the Japanese economy. 2) The correlation trade greatly reduces directional risk. Either of our positions could work out for us to make money. We could be dead wrong on one pair while the other gives us a profit of more than the pair we are wrong with. 3) The GBPUSD position is all about directional risk, just like any time you place a trade in one single pair. Barring any strategy, indicator, algorithm, etc....a trader has 50/50 odds with a directional trade. NOT in a correlation trade! Here at Unique Forex we pride ourselves in being the World’s first “Virtual Forex Trading Floor” where we will turn ANYONE that trades with us into a profitable trader fir FREE! That’s right…for FREE! All you need to do is to fund your own trading account. Unique Forex has a team with 40+ years combined trading experience and with our proprietary algorithm we significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our Virtual Trading Desk check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope @unique4x
by unique4x
Look For Further Downside In EURGBPThis pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room to breakdown before going short, look for the pair to take out 0.76800 before taking action. Here at Unique Forex we pride ourselves in being the World’s first “Virtual Forex Trading Floor” where we will turn ANYONE that trades with us into a profitable trader fir FREE! That’s right…for FREE! All you need to do is to fund your own trading account. Unique Forex has a team with 40+ years combined trading experience and with our proprietary algorithm we significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our Virtual Trading Desk check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope @unique4x
Short
by unique4x
USDJPY Holds, Focus Turns To Long SideSaw a spike to 111.04 low ahead of rebound to regain 112.00 level. The long lower wick suggest recent decline is stalling and a correction to retrace the recent sharp selloff from the 114.87 high now in focus. Lift over 112.310 will see stronger recovery to 112.80 then 113.38 to 113.60 area. Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our trading team check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
Long
by unique4x
Retail Sentiment Is Hinting At Further Weakness In USDJPYThe ratio of long to short positions in the USDJPY stands at 2.22 as 69% of traders are long according to a survey of retail traders at several brokers. Yesterday the ratio was 2.21; 69% of open positions were long. Long positions are 4.3% higher than yesterday and 5.8% above levels seen last week. We use these statistics as a contrarian indicator to price action, and the fact that the majority of traders are long gives a signal that the USDJPY may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias. We will look to Short USDJPY with a break of the 20 Day Low of 110.960, we suggest looking for a break of this low by at least 5 Pips. Look for targets of 109.700 & 108.000. Stops should be set using 1x or 2x ATR of 125 Pips. Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our trading team check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
Short
by unique4x
EURUSD Declining Below 1.1000Declining below 1.1000. • EUR/USD has broken hourly support at 1.1070 (04/02/2016 low) and is now holding below it. The short-term technical structure still suggests a further bearish move. Hourly resistance lies at 1.1139 (19/02/2016 high). Expected to decline. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640 (11/11/2005 low) is likely to cap any price appreciation. The current technical deterioration favors a gradual decline towards the support at 1.0504 (21/03/2003 low). Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our trading team check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
Short
by unique4x