I've decided to execute a long AUD/NZD trade back to 1.10000 level. After seeing price retest the daily support, 50% fib, 50 EMA, oversold stochastic with multi-day rejection followed by a bullish engulfer, this trade seems like a no brainer to me. (Note, this is not a signal, just general market analysis)
It's no secret that the US500 has made all-time highs within the past 24hrs, but for how long can this continue? Well, in my opinion, I think this is the start of a newly established trend. I've decided to take a long at the daily close on the breakout and will look at trailing the SL as we push higher. As there are no highs to set targets for, I've decided to let...
*THIS IS NOT A SIGNAL* I've decided to take a long on EUR/JPY with targets at 127.135. I had a nice run on this last week and caught 200+ pips and am now looking for another push higher. With multiple rejections at support, 1HR divergence and a 50 percent pullback. I feel as if there is enough factors for this to push higher.
Here is an idea that I see on GBP/JPY to go higher. A nice pullback to what was resistance and is now testing as support. Looking for rejection candles in this area and a push higher to 144.580 (this is not a signal, just an idea)
This is a buy trade I took last week and expecting further upside into this coming trading week. I bought at 1.73055 and have targets set at 1.76395 - The reasoning behind the trade was simple for me. We had price come back to retest support which lined up perfectly with the 200 EMA which also lined up with a 61.8% pullback. price was oversold on the stochastics...
What a move in Gold over the past few weeks / months. Looking to continue this trend higher with a long at $1980.
As the DXY plummets lower and a head & shoulders formation coming along on USD/JPY, I've decided to put close attention on the pair. I'll be waiting for the neckline break & close on the daily chart retest on the 4HR chart before looking to short down to 102.400
Taking a look at CHF/JPY we can see recently that the pair has broken its resistance at 114.300 and came back for a retest after having a retracement before the end of Fridays close causing a nice big wick. I'll be looking for a 50% pullback of the daily retracement candle and a long back towards the highs as 118.000 level
Oil has been an interesting one this year. After seeing price drop below -$30 a barrel and now back to $40, you can definitely say it has been a roller-coaster this year. But when is the right time to buy oil? Let's take a few fundamental facts into this With counties opening back up around the world and transport and business starts to go back as normal,...
After seeing a bullish close above resistance last week I'll be looking for EUR/USD to continue higher. EUR/CHF trade idea hit profit last week just in time before we saw a quick reversal on Friday. I'll be watching EUR/USD on the 4HR chart for a bounce and bullish signal to take this higher back to 1.15700
This week I posted a trade idea on EUR/CHF which worked great. Today, I have an idea for AUD/CHF. Looking for a bounce and rejection the 4HR at this support level. I'll be looking for signs that price may want to start to move higher.
THIS IS NOT A SIGNAL: However, I have my buy limit was triggered on the Daily breakout & pullback today. I'm expecting further strength in the EUR/CHF to continue as we see the daily trend slowly progress to the upside. Targets at 1.08189
Looking to play basic support & resistance here and look for a move lower on GBP/CAD. I'm not short yet, however, I'll be waiting for a daily bearish engulfing candle to close lower to look to take this down to 1.66225
All eyes on the daily chart for GBP/CHF. Looking for a bounce off of the trendline as we print an inverse head & shoulders. I'll be waiting for a daily close above the neckline and price to close to look for the next move higher.
Looking at taking a range play in USD/CAD to the short side. Seeing lower highs and a double top on the 1HR as we slowly make our way lower. Looking to take it to the low at 1.33865.
EUR/GBP has me looking for long opportunities. The pair has pulled back to decent support as well as a 50% Fib level. Looking for price action signals to go long. Ideally, I'd love to see a bullish pinbar in play before taking this trade.
EUR/NZD has been a great day trading market this week. I took profit on a short position which resulted in a 1:2 gain and am now looking to go long at a bounce of some decent support levels. I'm not currently in the long trade however I will be looking for a price action confirmation to take this higher.
Spotting a breakout of the EUR/NZD bottom trendline, a 15min chart could potentially provide a nice short opportunity once price pullback to the 38.2 Fibonacci level. Will be keeping a close eye on this for a 1:3 R/R back to the extension at 161.8