UncleBullFX

UncleBullFX Updated 

#CADJPY 2H Favoring the bullish scenario. This pair is now at a decision point. We have two scenarios prepared and ready to execute. From a fundamental PoV, the increasing OIL prices will soon start to give the CAD currency some strength. Which will drive most CAD pairs up, including this CADJPY pair. From a technical perspective, the pair is ranging between...

UncleBullFX Updated 

#USDCHF 2H | Short-term This pair has touched the upside trendline 3 times and bounced from it, which leads us to believe that the upside momentum is still strong. We can also see that the downside trendline (aka. correction flag) has been broken and retested. Which gives us more reason to think that there will be more upside to come on the USDCHF. 📰...

UncleBullFX Updated 

The price has broken up aggressively, and is currently doing a correction. Technically, the 38.2% Fibonacci level is acting as a support area right now, with the next one being the 50% retracement level (as seen on chart). Moreover, based on the bullish price action we have seen in the past few days, we are expecting more upside movement on this pair moving...

UncleBullFX

The pair EURGBP has been in a bearish trend since the 1st of April 2020. By looking at the monthly chart we can immediately notice that there is a strong resistance level that the market rejected in March and April 2020. In March 2020, the market rejected this area and created a 600 PIP wick. When the market rejected this price level in April 2020, we saw 193 PIP...

UncleBullFX Updated 

This pair has formed a double top and started to drop aggressively with big bearish candles. It has also broken a ascending trendline and currently doing a retest. Additionally, it did also break a Support level and currently is retesting it as a Resistance level. If AUDUSD fails to break back above, then we can expect further downside movement. Watch the pair...

UncleBullFX

#XAUUSD (GOLD) 1D: On the daily time-frame we can see a clear double top formation rejecting from 1731.77 resistance area. We can also note the the support structure that is formed at the 1682.55 area. (Rejections shown on the chart). Which means, that GOLD is currently consolidating between 1682.55 - 1731.77. We have been in this situation multiple times before...

UncleBullFX

GBPJPY 1M & 4H: All key horizontal structure levels are marked out on the 4H time-frame chart. We will use these levels for intra-day trading throughout the week. Wait for rejections before entering sells. Our target is the monthly strong support level @ 129.200. Fundamentals to look out for this week: 1) UK and Japan Corona News Headlines 2) U.K. Gross...

UncleBullFX

EURUSD 1M & 4H: By looking at the monthly chart you can immediately notice the bearish trend-line the market is moving in. The market has been moving in this trend since 1st of June 2018. Key horizontal levels are marked on the 4H time-frame chart for intra-day trading. Would like to see a slight pullback before the drop to 1.05700. Fundamentals to watch out...

UncleBullFX

EURJPY 4H: EURJPY has been heading in bearish trend since the 26th of March 2020, this is represented by the trend-line drawn on the chart. Last Thursday, we saw the market clearly breaking the bearish trend-line heading to the strong structural resistance level of 117.7. Now we can notice that the market is consolidating in a 90 PIP area between 116.8 - 117.7....

UncleBullFX

USDJPY is curruntley moving sideways in a consolidation area. I will wait for a breakout from either the support or resistance to take a trade. Good Luck

UncleBullFX

EURUSD 1M & 4H: We can clearly see that the pair is moving in a bearish trend from the monthly time frame, creating lower-highs and lower-lows. There is an opportunity to catch shorts on this pair, as I don't see any technical or fundamental signs for the EUR to get stronger. Fundamentals to watch out for: - Spain's number of Corona Virus cases rise to 207,634...

UncleBullFX

GBPJPY 4H: Expecting GBPJPY to fall this week, although there might be a slight pullback to the upside first. I highlighted all the areas where will have good entries for sells IF the key structure resistance zones hold. Watch out for UK Manufacturing PMI and BoJ Monetary Policy Statement.

UncleBullFX

GBPCAD 4H: The pair has come back to test previous resistance now support on the 4H timeframe. If we see a clear rejection from this area, I will be looking to enter longs. Furthermore, with the OIL dropping CAD is only getting weaker due to their negative coloration. Risk ONLY: 2-3% Good luck 😊

UncleBullFX

Will wait for a breakout from either side of the consolidation area. I will buy or sell on the re-test of key zones. Let me know what you think.

UncleBullFX Updated 

Euro has broken a long-standing bearish trendline, which happens to also confluence with a 50% retracement on the Fibonacci, giving us more confidence that the EURUSD pair is about to get stronger. We are expecting this pair to skyrocket to around the 1.11-1.12 area first. If it manages to push higher, then we can start looking for 1.13-1.14. If you want live...

UncleBullFX Updated 

USDJPY has been moving slowly in what seems to be a corrective structure after the big drop. We are expecting this corrective movement to breakdown and IF IT DOES BREAK DOWN, then we expect the price to move lower. Risk ONLY: 2-4% of your account. Be responsible! If you want live updates for this trade and other trade setups join us on Telegram! (links below) Good luck!

UncleBullFX Updated 

Short-term trade (1-2 weeks) This pair has lost a whooping 15% in the last 2 weeks. So we think that it is time for the Cable to start recovering. Our outlook: BUY Trade with care

UncleBullFX Updated 

GBPUSD has hit a new low today. We think the elite/banks are "shaking" the weak hands before sending the $GBP into new highs this year! Good R:R ratio. Trade with care and be responsible