The_Forex_Insider

The_Forex_Insider

GBPUSD showing an inverse head and shoulders which just broken above neckline. We wait for a re-test at 1.3385 and if confirmed. We enter long. STOP - 1.3140 TARGET - 1.4450

The_Forex_Insider

AUDUSD broke above resistance at 0.7770 once again after seeing higher lows. Target 0.7815 Stop - 0.7745

The_Forex_Insider

EURUSD has been strong since the start of the week having broken above 1.2310. We are expecting the market the market to go lower to retest broken level. We are looking at two entries levels (EL). Entry level 1 is a more aggressive and riskier entry in anticipation of the reversal. Entry Level 2 is more conservative and looking to gain from the momentum. EL 2...

The_Forex_Insider

AUDJPY trading at the top of bullish wedge. For the fourth time with higher lows previously showing buildup in momentum. Expecting a breakout. Will look towards possible position at retest of resistance.

The_Forex_Insider Updated 

AUDUSD broke above resistance at 0.7695 and saw a retest which sustained the breakout. We entered a position at the resistance on 0.7695 and are looking to add to our positions at a more conservative at the break of recent highs at 0.7725. SL - 0.7710 TP - 0.7750

The_Forex_Insider Updated 

GBPUSD approaching buy zone. London session saw sell-off following growing concern of high Covid case count. Similar pattern has been seen three times as it stands. We wait for support and then enter, not before.

The_Forex_Insider Updated 

We are seeing an ascending triangle which looks to breakout soon. This resistance has been tested three times and we see the rejections are not as deep as each swing lower has higher lows. Our entry will be at 1.3645 Stop - 1.36 Target - 1.3770

The_Forex_Insider

Breakout sustained at support. Long positions above recent highes. Stop 1.3516 Target - 1.3618

The_Forex_Insider

EURUSD broke out of pennant earlier in the week and saw strong gains. At the moment we are seeing some profit taking ending at support and looking for long positions. Stop - 1.2235 Target - 1.2320

The_Forex_Insider

Pound is brushing off covid headlines and focusing on Brexit deal. Further upside expected. Long @1.3525 Stop - 1.3440 Target - 1.3650

The_Forex_Insider

We expect over the coming days with the end of the year soon, to see the USD lose steam as liquidity will come back into the market which and to favour risk-on assets. US oil has also been getting stronger due to positive news as global demand may build up momentum. Short CAD: Stop - 1.2910 Target - 1.2650

The_Forex_Insider

Gold appears to have made a confirmed breakout following the last two days which retested the resistance and managed to stay above. Further bullishness expected. Next target $1905.

The_Forex_Insider

AUDUSD touching resistance zone which has not been tested since June 2018. We expect price to break through, however the bullishness remains to be seen depending on this weeks liquidity in the markets.

The_Forex_Insider Updated 

AUDUSD broke below trendline yesterday, from the lows we have been seeing this week. Currently looking to break above after having gained support in the fib golden zone. SL - 0.7540 TP - 0.7620

The_Forex_Insider Updated 

GBPUSD long positions at 1.3440. SL - 1.3390 TP - 1.3550

The_Forex_Insider Updated 

#EURUSD broke above recent trendline and is currently retesting. We are expecting breakout to see confirmation and go long whilst keeping an eye on our %R. SL = 1.2235 TP = 1.2285

The_Forex_Insider Updated 

Gold is showing higher highs on the daily however %R showing flat. Potential reversal of bullish trend.

The_Forex_Insider

Looking for long positions at breakout of triangle. Entry - 1.2210 SL - 12185 TP - 1.2260