Hi All, I'm currently selling 2 positions for GU from 1.39750 Major resistance level of 1.40 was respected and started it's bearish run from end of last week I'm now seeing GU floating between resistance and support levels. Price is currently tapping a liquidity grab area that pushed back into the key resistance area. I'm anticipating a strong New York...
Bullish day for gold even with positive data from USA today. Market manipulation at it's finest! Looking for short now with buys ready and loaded at two points of interest (1750 & 1732 should price fall deeper) Targets must be 1800+ unless more manipulation tapping 1680 for the third time. If this happens I favour this to break and head below 1600.
USD CAD Short Idea Got stopped out earlier today Price rejected equal lower highs before starting the downtrend Now I'm waiting for the retrace before entering a sell position to hold long term below 1.24 to create the next lower low. I've identified a possible area of interest that I will take if price pulls back and gives me confluence to short Amazing...
This is the short i'm currently taking Very nice R/R Happy Trading
Potential long term short Got two entries I'm eyeing up
Happy trading. Here is my sell set up for next week.
Price seemed to be slowing down ready for a breakout to the upside but ended breaking down before correcting into the zone highlighed. Before I consider entering a long position I want to see this price break above support and then re-test to confirm my bias but until then I will be sitting out waiting for the opportunities come to me.
Update on US30 Called the short before the collapse and so far playing out as expected. Waiting for a clean break below 30750 to confirm a further push down with a small pull back to 30500 before another move down overall TP 30000.
TAKE PROFIT 1 SMASHED - 200+ pips Let's see if we can get a clear break above 1.76300 and start climbing to 1.79 for a 570 pip trade!
Gold set up for the coming week. I'm expecting some major moves next week but won't be rushing to enter unless I see a clear opportunity to enter.
Will be keeping a close eye on AUD USD over the coming week. We have been in an bullish uptrend similar to NZD USD for some months now and corrections seem to be imminent. Massive potential 700+ pips long term swing Dollar closed strong on Friday and we are coming back for another touch of the respected trendline that was created at the start of November. In...
GBP USD SET UP The dollar was bullish on Friday due to Biden/Stimulus news and I managed to scalp a short position during the Friday before the rally down. Price is now consolidating and I will be waiting to see how price action plays out before confirming my bias before executing any entry/entries. Over the coming weeks the price action should tell us whether...
The pair has been in a downtrend and now looks to be slowing down. Clear lower highs and lower lows being formed. We can see the price is being squeezed and coming down to a crucial level of 1.56800 Once price breaks out I see a potential 200 pipe trade depending. Will be watching this over the coming days to see if this opportunity becomes valid
Potential US30 potential set up Price has respected the trend all day after numerous attempts to break. If we see a clear break and touch of 30800 before a slight retracement back into 39970 area I'll be looking to short. Trade this pair with caution due to how volatility.
Another potential sell set up for tomorrow Fundamentals could play a huge part tomorrow with Biden discussing the stimulus package. As long as support of 1.21400 doesn't break we could have a very nice long position being valid Will be watching this pair tomorrow carefully.
My original bias was a short but as price touched support and rejected the pair is now heading back to the highs of 82. If I see a clean break of the highs I'll be looking to go long once price pulls back and aim for 82.800 The trend is your friend as they say. Until then I'm sitting out and watching how this pair plays out before committing to an entry.
We can see the pair has been in a bullish uptrend for a long period of time creating higher highs and higher lows along the way. Price reached a monthly high before rejecting. Price broke the channel before starting a downtrend. Price hit "Possible area of retracement" to the pip before trying to break support and failing. I see this area being touched again...