HONEYSIGNALSFX

HONEYSIGNALSFX

POTENTIAL TRADE: XAU/USD (2H) Gold has significantly been selling off since yesterday’s N.Y session. It created a new low below the $1700/oz region, however, it quickly reversed back to the upside. I am now looking to see how it behaves as it trades near this descending macro-trendline. If price can maintain above the key level of psychological support at $1710, I...

HONEYSIGNALSFX

POTENTIAL TRADE: GBP/CAD (2H) At the moment price action is consolidating. We have observed a sequence of lower highs and lower lows which indicates that the downtrend remains intact, despite a micro-trendline break-out. I will continue to watch this and wait for an impulse before entering any trade on this pair. Price is testing a key zone of micro buying demand....

HONEYSIGNALSFX

POTENTIAL TRADE: GBP/JPY I am looking to enter short on this currency pair for the following reasons: - Head and Shoulder price action pattern is evident. - Price has created a fake break-out. Buyers are trapped and will realize losses soon. - Overall down-trending market structure. - Major zone of resistance at the right shoulder. If you found this idea...

HONEYSIGNALSFX

POTENTIAL TRADE: GOLD I am looking to enter long on this currency pair for the following reasons: - Uptrending price. - Bullish market structure on HTF. - Buying a break-out of previous resistance. - Trading with the overall trend. - Previous resistance if broken will turn into support. If you found this idea useful, leave a like and follow me for more...

HONEYSIGNALSFX

POTENTIAL TRADE: AUD/CHF I am looking to enter long on this currency pair for the following reasons: - Uptrending price. - Bullish market structure on HTF. - Buying a break-out of previous resistance. - Trading with the overall trend. - Previous resistance if broken will turn into support. If you found this idea useful, leave a like and follow me for more...

HONEYSIGNALSFX

POTENTIAL TRADE: XAU/USD I am looking to enter long on this currency pair for the following reasons: - Head and Shoulder pattern formation. - Bullish market structure on HTF. - Buying a break-out of previous resistance. - Trading with the overall trend. - Previous resistance if broken will turn into support. If you found this idea useful, leave a like and...

HONEYSIGNALSFX

POTENTIAL TRADE: BTC/USDT I am looking to enter long on this currency pair for the following reasons: - Falling wedge chart pattern is very evident. - Re-test of the broken wedge trend line - Overall market structure is bullish in the higher time-frames. - Recent range has been broken to the upside. Weak selling pressure. If you found this idea useful, leave a...

HONEYSIGNALSFX

POTENTIAL TRADE: EUR/JPY I am looking to enter Long on this currency pair for the following reasons: - Price broke below previous support at 119.5, however buyers had enough strength to push price back above key level 119.5 - Head and Shoulder pattern is evident. - Bearish candles have many wicks to the upside which indicate weak selling pressure. - Price is...

HONEYSIGNALSFX

POTENTIAL TRADE: CHF/JPY I am looking to enter Long on this currency pair for the following reasons: - Flag pattern is evident. - Price is trading above the floor, which indicates the uptrend is still intact. - Trend-line support is present. - Potential triple bottom before impulse to break highs. If you found this idea useful, leave a like and follow me for...

HONEYSIGNALSFX

POTENTIAL TRADE: NZD/CAD I am looking to enter short on this currency pair for the following reasons: - Head and Shoulder price action pattern is evident. - Price has created a fake break-out. Buyers are trapped and will realize losses soon. - Overall down-trending market structure. - Major zone of resistance at the right shoulder. If you found this idea useful,...

HONEYSIGNALSFX

POTENTIAL TRADE: GBP/CHF I am looking to enter long on this currency pair for the following reasons: - Falling wedge chart pattern is very evident. - Re-test of the previous resistance structure - Buying the descending trend-line. - Buying support zone has been slightly violated. Discounted price for bulls. If you found this idea useful, leave a like and follow...

HONEYSIGNALSFX

POTENTIAL TRADE: AUD/USD I am looking to enter short on this currency pair for the following reasons: - Buying support zone has been violated and price managed to create a new low 0.650. - We are observing trend-line resistance which is maintaining a down-trend. - Price has created a new low therefore the down-trend is still intact and follow through is present....

HONEYSIGNALSFX

POTENTIAL TRADE: EUR/JPY I am looking to enter long on this currency pair for the following reasons: - We have managed to break-out of the down-trend formation, and we are now in bullish market structure. - Price is re-testing previous support structure, many buyers have placed buy limits at this price zone. - Price is currently testing the right shoulder as part...

HONEYSIGNALSFX

POTENTIAL TRADE: GBP/AUD This currency pair appears to be trading within a range. The range high being at 1.9650 and the range bottom at 1.9530. A good 130 pip range to capitalize on. Short positions at the price 1.9650 look good with stops placed placed 40 PIP above at the vicinity of 1.970. Profits can be secured at the bottom of the range at 1.9530.

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HONEYSIGNALSFX

POTENTIAL TRADE: DXY We are looking to enter long positions in this currency index once we experience a decent enough pullback, preferably into the 98.5 region. More analysis in the video.

HONEYSIGNALSFX

POTENTIAL TRADE: GBP/NZD Short positions look appealing in this currency pair. As we have observed in the past, price appears to be rejecting the 2.050 level. This currency pair appears to be stuck within this range. Stops should be placed above the green region. Buyers don't have enough strength to push price above the zone of resistance. There have been three...

HONEYSIGNALSFX

POTENTIAL TRADE: NZD/JPY I am waiting for a break-out of this range on the daily time frame on NZD/JPY to trade this. I will trade this as a swing trading opportunity. Signals will be posted on this currency pair once we achieve a successful break and re-test of either the range bottom or top.

HONEYSIGNALSFX

POTENTIAL TRADE: USD/CAD On USD/CAD, short positions at current market price look very appealing, however, I will wait for tomorrow's New York session to trade this short. For those of you interested in this trade, you can enter now at the current price with a very tight 15 PIP stop loss. Potentially gaining 61.5 PIPS, whilst maintains a risk to reward ratio of...