Piphunter1887

Piphunter1887

Trade Pair: AUDUSD Positioning: Long Thinking: AUDUSD has bounced off the 100 SMA on the daily chart and worked as support. Price has closed above the 50 SMA on the daily chart Price looks like it is recovering from a pullback Entry Price: 0.67226 Stop Loss: 0.66515 Take Profit: 0.67994 or trail the stop if you see a strong move...

Piphunter1887

Good morning, afternoon / evening traders! Today we have an interesting situation with the USDJPY. I am long here! Why see below: 1) Overall uptrend on daily 2) If you look at the black circles these show where price has respected the 100EMA on 4hr timeframe. What would be the key levels for me: Entry: 13760.5 - 137.247 Exit Target: 138.589 Stop...

Piphunter1887

USDCAD reacts to a support level. Opportunity to buy? Only time will tell if this play works out. Please see reason below. 1) USDCAD in an uptrend with key swing highs and lows 2) Support level shows to be respected 3) Moving back towards an uptrend 1:1.5 Risk to Reward targeted Happy Hunting!

Piphunter1887

GBPUSD has been showing a downward trend on the daily. Currently a pullback provides opportunity for a swing back in the direction of the trend (Short opportunity). See reasons below: 1) Overall Downtrend 2) Price has reacted back towards a downtrend from a previous resistance level 3) Price action shows a good chance for a further downward swing towards next...

Piphunter1887

GBPUSD has been ranging for a couple of days now. Currently it is at previous resistance zone therefore a ripe opportunity to short this pair.

Piphunter1887

Hello Traders, I am looking at the AUDCAD pair for a long opportunity, the daily chart has provided some insight: 1) Price has bounced off 50 EMA (Amber line) - Circles show key points 2) Price has closed above 20 EMA (Green line) 3) Price remains in an up trend (Black trend line drawn) Long position entered with a view to hold this over the next few days to...

Piphunter1887

Happy Weekend Traders, Thank you for your likes and questions. If you have any queries feel free to message me. I have had a few questions around how I build my analysis for the week. Here is one idea, I am looking at, I haven't placed a trade but is on my watchlist due to the below: Bias: Short USDCAD Type of idea: Swing Please note: This chart is 4hr...

Piphunter1887 Updated 

A short opportunity can be found on the EURCAD (4hr chart), please see rationale below: 1) Long term down trend (Daily chart) 2) Short term down trend (4hr) Black line 3) Recent historical price shows good opportunity to sell near 50 EMA Amber line (4hr chart) Ideal for swing and day opportunities. I could be a little early on the entry. But those who wish to...

Piphunter1887

AUDNZD has shown an uptrend for approx 3 weeks. Today the sell off has provided an opportunity to jump on the back of this pair. See rationale below: 1) Near term uptrend 2) 100 EMA on 4hr (Red Line) has historically been a good place to buy 3) Indicative trend line drawn (However confirmation required from price action) What am I waiting for? Price to close...

Piphunter1887

Hi All, This idea is based on the daily chart therefore the holding period will be longer than a day trade. Only the markets can decide where it goes, however I have based a long side rationale for the DAX based on the following: 1) Long term up trend (Weekly chart) 2) Short term up trend (Black line drawn) hourly chart 3) Price has respected 50 EMA (Amber...

Piphunter1887

As mentioned in my previous idea sharing (see link) The USOIL has povided an opportunity for a long entry. The trend line drawn can also be used to enter. Rationale: Long term uptrend Close above 100 EMA (Amber) on hourly chart Near term uptrend (Black line) Hope you find some pip value in this! Keeping it simple! Happy Hunting!

Piphunter1887 Updated 

A good opportunity to long GBPNZD, rationale is based on the below factors: 1) Historically price below 100 EMA (Amber line - 1 hr chart) has been an opportunity to buy the pullback 2) Up trend on 4hr time frame 3) Up trend on 1hr time frame (Black line drawn) 4) The price is currently at a near term resistance turned support (Black line drawn) Hope you liked...

Piphunter1887

UK100 index has been moving in an up trend for many weeks! Please see below rationale for the long position: 1) Long term price is to the upside - Daily & Weekly Charts 2) Price bounced back into 200 EMA (4hr chart) - Red line 3) Near term price action prompts upside - Black line drawn (still indicative rather than a conclusive trend line) This will be a hold...

Piphunter1887

Oil has been in an up trend for many months now. As of recent I have wanted to get back on this up trend and now finally we could have a potential setup. Please see idea rationale below: 1) Longer term up trend (4hr and above) 2) Short term up trend (Black line drawn) 3) 1hrly chart EMA has been respected in the recent past What am I now waiting for?...

Piphunter1887

I am going to attempt this idea again (see link to the related idea). Rationale remains the same as before. 1)USDCAD is showing overall down trend on higher time frames 2) Price is dropping below 100 EMA on Hourly Chart (Amber) 3) Short term price is in a down trend as drawn by the Black line 4) R:R approx 1- 1.5 Again, keeping it simple, keeping it...

Piphunter1887 Updated 

USDCAD Pair provides a great short opportunity. See below for my idea generation thought process: 1) Longer term down trend (Daily and 4hr) 2) Trend line facing downwards 3) Price seems over extended at 100 EMA on hourly chart 4) Price has moved back below the 100 EMA on hourly chart Could be a good probablity move for day and swings alike! Keeping it...

Piphunter1887 Updated 

GBPUSD up trend provides ripe opportunity to try and jump on board the long side of this pair. Hourly chart provides an opportunity to buy dips below the 100 EMA (Amber line) on the 1 hour chart. The trend line drawn (Black line) provides added confirmation of the longer term up trend. Keeping it clean, keeping it simple & looking at the bigger picture! Happy Pip Hunting!

Piphunter1887

The EURJPY pair has shown some weakness has now turned to consolidation on the hourly chart. My idea is to the long side of this pair for the following reasons: 1) Long term trend is upwards 2) Price is moving above the 100 EMA (Amber) on 1HR chart, historically this has been a good point to go long 3) Short term trend is also on the upside ((Black line...