FxScientist999

FxScientist999

Recent Trend broken, retest on the bottom side of structure. Nice sell opp to consider. Minor news in site. Huge P/L ratio

FxScientist999

Looking at this break and a possible retest for entry in USDCAD. Technicals suggest that if we get a nice retest we could have a nice sell opp to the next zone to the downside. On a fundamental note, the USD may be influenced by the lack of or formulation of a stimulus check plan. Beware of that but there isn't much other relevant USD news today. As far as the CAD...

FxScientist999

EURAUD in an important horizontal zone currently. Price action has just begun to reject the above structure. If price continues to make lower highs, this will be a nice trade either for a scalp of 20-30 pips, or a swing trade back down to the below zone. On the contrary, although price has not broken this zone since June, I wouldn't be surprised if price attempted...

FxScientist999 Updated 

Hopped in this trade on the call of one of my good friends. Looks like I'll be trading AU a lot more. Flawless entry.

FxScientist999

NZDCAD seems to have given us all it could give. It hit our 30pip TP at the top of this downtrend line and now it has rejected the 4H downtrend line instead of breaking like we thought it could. Now it seems to be giving us a sideways head & shoulders pattern signaling a reversal to the downside. Additionally the structure that price is currently struggling to...

FxScientist999

If price continues to reject the below trend line we could be in for a solid buy opp. However, past experience, (i.e. GBPJPY,USD & NZD earlier today) should tell you to be ready in case this trend breaks and price heads to the downside. We are ready either way.

FxScientist999 Updated 

GBP Buy looking good. Rejection of the below trendline, we should be able to get back up to the above zone for a nice 1:1. With no news in site and half the session left, this looks like a solid opp.

FxScientist999 Updated 

GBP's have been very volatile today. Looking at a GBP buy if structure holds. Alternatively if we get a break and retest to the downside, a selling market will begin.

FxScientist999

Looking at a Buy opp here on NZDCAD. The CAD day is ending so things will naturally slow down for it. No NZD news in site, so if there is a clean break of this smaller channel we may see a breakout at least to the top of the downtrend line. Additionally, if this major downtrend line is broken, we could be on our way up to TP2 and TP3. Lets see how it plays out

FxScientist999

Retest on bottom side looks to be setting up nicely. No news for either currency and half a session left. If technicals hold, we will be off to the downside after the retest.

FxScientist999

USDCAD Sell opp available. Probably gonna have to wait til close to market open tomorrow to get good market movement, but until then I'll be setting a sell stop below this minor level for a solid sell entry. No news in site until tomorrow morning at 8:30am. So this should be a solid trade. If price hasn't entered me into the trade by 8:00am tomorrow morning, I'll...

FxScientist999

Taking a quick buy opportunity up to this trend line. I will take profits before the trend line at either one of my identified TPs. I'm testing out a strategy on quick buys here, so as always take this trade at your own risk. My theory is that price will pull back to this trend line and give us at least 20-30pips. Additionally, if price breaks this trend line, we...

FxScientist999 Updated 

I said ready ready for a reason. EURGBP currently retesting off the bottom side of this major structure, I'm setting a sell stop where I have 'Entry'. My only reason for waiting on this trade is to wait and see what the news impact will be on this pair. There are 2 Medium impact news events happening at 12pm & 5pm. Being that the news is medium impact and...

FxScientist999

A nice EURGBP triangle & flag pattern is forming. A break of the below horizonal structure and uptrend line could mean a possible slide to the downside with an overall ratio of about 4:1. Adversely, a break of the downtrend line could mean a move to the upside, which could grab at least 50 pips to the next structure with a 2:1 ratio. We will see how price action...

FxScientist999

EURUSD buy opportunity setting up nicely. Price is currently approaching the uptrend line. If price rejects the trendline and bullish candles form to engulf the previous bearish candles by more than half, we can position ourselves for a buy. I anticipate holding this position for at least 30 pips up to the next level of rejection above. There is no news in site so...

FxScientist999

Currently BTCUSD is trading within this triangular zone. If price breaks either side of the zone I am setting a stop order to catch the move up to the next level of resistance. I've got about a 2:1 profit/loss ratio on the buy option and about a 1:1 profit/loss ration on the sell option. Stay tuned.

FxScientist999

AUDNZD has broken the top side of the downtrend that it has been in since the middle of August. Now as we look to see where price action will take us, lets pay attention to what price does at this structure above. If price breaks cleanly through this structure and retests on the topside of the structure, we could see stronger moves to the upside. However, if price...

FxScientist999

GBPJPY buy opportunity looks to be available now. A huge wick to the downside suggests that buyers might take the market back up to the above zone before the end of the next trading day. The only significant GBPJPY news to come is the BOE Gov Bailey talk tomorrow morning at 03:25am New York time. Depending on the direction of that talk and the way buyers react to...