Trader_97

Trader_97

Gbp/Usd getting ready for further declines after a breakout from corrective structure. We'll be entering shorts from here. Entry: 1.2632 Targets: 1.2480 & 1.2325 Stops: 1.2792 Risk to reward 1:2

Trader_97 Updated 

Price has returned to retest the highs from 25 Nov and we may see bullish breakout soon. While entering prematurely is risky. I think the setup looks good. So we're gonna set our long positions and see how it turns out Entry: $2718.50 Targets: $2778 & $2836 Stops: $2658 Risk to reward here is I:2

Trader_97 Updated 

Usd has been gradually losing its gains against Yen after a H/S formation and seemingly has had a shift in trend for the time being. Shorts do seem to be in play so we'll go short on this market. Entry: 151.06 Target: 147.68 (1:1 RR) & 144.28 (1:2 RR) Stop: 154.49

Trader_97

Price is testing the final trend line resistance and has managed to breakout and close above the minor bearish structure on smaller timeframes. We have an inverted H/S formation on the 4H timeframe. There's a good chance price will continue to move higher from here and around the neckline of the inverted H/S price has enough support to bounce should we retest the...

Trader_97

Expecting Xau/Usd to bounce back up. Price retested the area of interest @ $2627.50. We're looking for a move back up to $2687. If price closes above that area then we expect the price to continue rallying up to $2750.00. Note: This is just analysis based off the trade setup that formed last week.

Trader_97 Updated 

The pair failed to break lower and continue below 0.5835. I think we're headed for a switch here and price maybe preparing to retrace higher to retest old levels. Entry: 0.5885 Stop : 0.5835 Targets: 0.5989 & 0.6066

Trader_97 Updated 

After failing to stay above 0.6650 ....Price retested the key support at 0.6514 & failed to hold that. Now we are ready to resume the bearish and price is likely to continue posting fresh lows in the coming week. Entry: 0.6454 Target: 0.6356 & 0.6260 Stops: 0.6548

Trader_97

After the pair failed to break lower and continue below 0.6445. I think we're headed for a switch here and price maybe preparing to retrace higher to complete a much needed pull back. Entry: 0.6507 Stop : 0.6445 Targets: 0.6572 & 0.6635

Trader_97 Updated 

Price has broken out of the falling wedge structure and price forming a higher high post breakout. We are going to be taking a long position here. Entry: 1.8002 Targets: 1.8116 & 1.8232 Stops: 1.7882

Trader_97 Updated 

Structure has broken and we have confirmation for shorts... though currently it seems to be lacking a bit of momentum but since the bull trend has concluded on the H4 we will be looking to short the lower highs and thus we mark our first entry on the confirmed breakout. Entry: 2600 Target: 2510 & 2422 Stops: 2692 Risk to reward here is 1:2

Trader_97 Updated 

Going Long on USDJPY... The pair is already bullish and looks to be attempting another breakout around 154.76.... Unless a reversal takes out the support around 152.50. I think we have a good chance of continuation higher towards 156.54 Entry: 154.71 Stops: 152.57 Targets: 156.54 & 158.52

Trader_97 Updated 

After a break of bullish structure and sharp sell off post U.S elections. The storm seems like its over but the bias has turned bearish so now that we have confirmation like break of trend line support and structure breakout. We will enter shorts here. Entry: 1.6263 Targets: 1.6030 & 1.5800 Stops: 1.6500

Trader_97 Updated 

I believe the pair is starting to show some signs of a potential end to the bearish action so we'll start looking for long positions and thus we mark our entry at 1.0846 Entry: 1.0846 Targets: 1.0894 & 1.0952 Stop: 1.0804 Risk to Reward ratio is 1:2.3 Risk to Reward

Trader_97 Updated 

Going long on EurJpy Entry: 160.70 Target: 163.58 & 166.67 Stop: 157.67

Trader_97 Updated 

Going long on Gbp/Jpy, The pair looks like it could continue to move higher especially after opening with a gap. The price action behavior is a bit stiff and this setup does come along with its own risks like the GBP news events today. Entry: 199.66 Stop: 197.70 Targets: 201.50 & 203.44 Risk to Reward 1:2

Trader_97 Updated 

Price seems to be getting ready to take off, we might see 1.1104 soon. The Kiwi hasn't performed as strongly as I was hoping it would this week which lead to price having a break and close above 1.0946 which now gives us the High low Higher High in formation and with tomorrow NFP data coming out. Markets should have more clarity on all USD crosses and if Kiwi...

Trader_97 Updated 

Going Long on GBPCAD early in the week. The pair looks set to continue higher and put further gains on the table. Entry: 1.8000 Targets: 1.8148 & 1.8294 Stops: 1.7859 Risk to Reward is 1:2 #GBPCAD #Tradesetup #Long

Trader_97 Updated 

Targets: 2646 & 2716 Stops: 2509 Risk to reward ratio : 1:2