(AUD/USD): By taking a top-down approach, we can see that AU is back to it's important Monthly support of 0.705 which has held true since Oct. of 2018. Dropping down to the daily, this same monthly level (ML) appears even more dynamic, where we can see price push to the upside from. Although AU looks bearish, I simply don't trust it from the technically alone and...
(USD/CAD Trade Setup): UC remains in no mans land, but remains just below and above two key levels which I'm looking to trade this week depending on the RR following it's price action. I suspect a retest of price between 1.334-1.335 soon. My primary plan this week will be to short UC back to 1.32 from this range of resistance for approx. 134 pips this week....
(UJ Trade Setup): UJ has finally broken both its symmetrical triangle and 110. Our bias is now bullish after this push. This follows almost a week of consolidation within a 50 pip range. BUY TP1: 110.5 (+35 pips) TP2: 111.0 (+80 pips) SL: 109.9
(GBP/USD Trade Setup): Last week we saw a break of 1.3 which is a huge technical level for GU that we wanted to be patient and watch before entering. Pressure is currently to the downside. This follows 5/6 of the economic data points coming in lower than expected for the pound. Events like these can be monitored in real time at the very bottom of our traders...
(NZD/USD Trade Setup): Following last weeks move of 170 pips from the MKL, I'm looking for two possible situations, both of which I have a bearish bias. An important technical factor with this setup to keep in mind is the previous low on Jan. 22nd. Until this is broken or retested, we remain with the possibility of a pullback up. For those that have been...
EJ looks to be presenting a potential long opportunity. What I am looking for to enter long, is a 2-hr candle break/close/open above 125.225. Target is 125.999, for a +77 pip trade to the upside. Stop-loss is set at 124.7 (-35 pips) below what appears to be a higher-high. This is a very pre-mature setup and updates will be posted.
(NU Trade Setup): Bias is now bearish. Bullish news from the FED last week pushed NU and all USD based pairs higher, even breaking many technical levels that wouldn't of been possible without the dovish words from Powell. This is a perfect example of a 'false' breakout. Daily tweezer top candle (with no wick on the bottom), is a rare situation that we will trade...
(UJ Trade Setup): Good morning. UJ has rebounded since it's fall towards the weekly support of 108 last week, now at a critical price just under 110. We will use this to our advantage, by preparing to enter short and long depending the price action in the next 12 hours. The strategy we've developed here at Alchemy does not care for indicators. Our indicators are...
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Update for AU: Aussie, looking to redeem itself from 2018's decline of over 1000 pips, the previous 2 weeks have begun to suggest upside potential. There are two possible scenarios we are eyeing as potential signals to be given to our VIP members only. As far as fundamentals of DXY vs. AXY, we will remain bullish until price action can confirm which setup we will...
Update on UJ. Price has returned to our weekly support of 108. Last week we began at this same level and broke it twice throughout the week. The 109 region (blue) remains our focus this week as a 100 pip potential long becomes possible (given as a signal to all VIP members). Until then, there will be various opportunities that will present itself which we will...
Entry short will occur at either a retest of the weekly key level or a 4 hr break below the ascending lower trend line.
Delayed posting entry here, but feel free to message me for up to date signals! 89.5 pip target.
Entry (Sell-Stop): 108.405 TP1: 107.894 TP2: 107.701 SL: 108.576 RR: 3
DXY strength is pushing UJ towards the weekly descending trend line. Since this line has been so well respected, I am looking for a break or failed-break to enter long or short. Either way there is between 40-50 pips up for grabs. Message me for real-time signals