EireTrade-Capital-Management

EireTrade-Capital-Management

GBPNZD may find a bottom here at a key support level. It is also supported by the S2 pivot point. If you have any ideas supporting or on the contrary to my opinion please leave a comment. Thank you and happy trading :) Disclaimer: This is not financial advice.

EireTrade-Capital-Management

Following on from the previous impulse move tot he downside where GBPJPY extended to the -0.272 Fibonacci level, we are now seeing a retracement. Watching the 0.5 Level of the latest impulsive move down, along with the red parallel channel formed from the April 30th highs. Will wait for confirmation on 1 hour timeframe before entering. Price has already moved...

EireTrade-Capital-Management

The kiwi/dollar has touched the lower boundary of the ascending channel. The COT data also favours the Kiwi over the Dollar! Nice set up with good risk reward. If you have any ideas supporting or on the contrary to my opinion please leave a comment. Thank you and happy trading :) Disclaimer: This is not financial advice.

EireTrade-Capital-Management

AUDCAD reached the major resistance held since last August and appears to be running out of steam. It is currently pulling back down towards the old green descending channel again. I'm neutral on this trade for the moment as its clearly in a strong uptrend... May take a long if it fails to break back into that channel. If you have any ideas supporting or on the...

EireTrade-Capital-Management Updated 

A pullback to the support of the ascending trendline may form a swing low at the monthly pivot point. This area is also 0.618 on the fibs. depending on the price action I see my long set up as illustrated in regards to approximate location of the stop loss. Targeting the Monthly R1. The COT shows speculators have added longs on the Kiwi and added more shorts on...

EireTrade-Capital-Management

Short the Aussie Yen at the top of this range provides a fantastic risk:reward!! If it forms a swing high, this is a beautiful technical setup. Top of the range, breakdown of support only to retrace and find resistance from that same trendline with a triple top to boot!! Tremendous potential If you have any ideas supporting or on the contrary to my opinion please...

EireTrade-Capital-Management

The Euro Canadian Dollar had a strong impulse move to the upside from mid February to the middle of March. This move then stagnated and formed this bullish continuation falling wedge pattern. The bullish bias cannot be confirmed until there is a breakout of resistance. However another small move to the downside may cause it to bounce off support and provide good...

EireTrade-Capital-Management

AUDUSD is currently enjoying a nice uptrend on the daily chart. On the hourly today there has been a 50% pullback of the last impulsive move to the upside, and formed a swing low on the former resistance trendline. It has already moved 110% of the ATR today so I am setting a stop at 0.644 with a target 0.673, the monthly R1. This gives a decent Risk:Reward of...

EireTrade-Capital-Management

A good opportunity to short. there is a nice downtrend forming as the price has broken out of the April range. A retracement to former support (MAGENTA HORIZONTAL RAY) also coincides with the 0.382 Fib and the S1 monthly pivot point . the COT data also shows speculators getting shorter on the pound and longer on the yen which can clearly be seen in this weeks...

EireTrade-Capital-Management Updated 

A good opportunity to short. there is a nice downtrend forming as the price has broken out of the April range. A retracement to former support (MAGENTA HORIZONTAL RAY) also coincides with the 0.382 Fib and the S1 monthly pivot point. the COT data also shows speculators getting shorter on the pound and longer on the yen which can clearly be seen in this weeks price...

EireTrade-Capital-Management

EURAUD is at a key price level, and also has support from the yearly R1 and an ascending trendline on the daily chart. Targeting the monthly Pivot Point, which is the previous daily swing high, with a stop below the most recent swing low on the hourly chart. Good risk return of 1:8 If you have any ideas supporting or on the contrary to my opinion please feel...

EireTrade-Capital-Management

Potential long trade. Price is once again approaching support both from the ascending trendline and the horizontal ray from October last 1.77000. Stop loss below the previous swing low of Apr 30th and targeting the resistance @ 1.8197. If you have any ideas supporting or on the contrary to my opinion please feel free to leave a comment and we can trade it...

EireTrade-Capital-Management

EURGBP has pulled back again and tested the ascending trendline from Feb 18th to Apr 30th. This provided an entry with a very tight stop but for extra piece of mind I've let the price action develop and show that it wanted to stay above those levels. I've a limit order to go long at 0.8731 with a stop loss at 0.8681 the targets can be seen on the daily charts. A...

EireTrade-Capital-Management Updated 

Support from the lows of April 14/17th. Also broke out of a descending trendline (solid green line on 1hr chart), and came back to test it again, along with the descending support line (dashed green line, 1hr chart). It price action moves up and breaks out of the descending dotted green line, will move stop loss to breakeven and add to the trade. Props to GWBFX...

EireTrade-Capital-Management Updated 

AUSSIE CAD is coming up to strong monthly resistance. Good area to look for an entry long or short. The bias is to the upside as its in an uptrend but will wait for confirmation. note* Canadian GDP MM and Yearly Earnings YY and raw materials figures released tomorrow, might make the situation slightly choppier so will stick to the higher time frames.

EireTrade-Capital-Management

After a deep retrace ADA is holding steady at the bottom of a long channel spanning a few months. Could be a nice place to buy some cheap ADA if we see a swing low :)

EireTrade-Capital-Management

Long the EURUSD " if " this monthly support holds over next day/days. Looking for confirmation of trend change.

EireTrade-Capital-Management

BUYING here at support