Hello all After the positive trade last week, I am looking to get back into EURJPY and short it again on it's next leg down Looking to follow it down to next key level of support. The descending trend line (acting as dynamic resistance) was broken out of last week, however price has now returned back within it. Also it has now just started to cycle lower on...
Hello all With CHF being a safe haven it is currently coiling against the USD, however I'm expecting price action correlation. With USD continuing to weaken after the Fed confirmed a Dovish TOne in January, that is now starting to seep into the market. I do expect USDCHF to drop quickly at a point in the next day. I am entering two positions, one is a 3 :...
Hello all Looks like i was too early getting into this trade, got taken out only for it to reverse - that's forex for you I entered again at 20:00 BST on the 1hour close candle. I do now expect this to go all the way down to 120.00 You'll note that the short term upward trend (pullback) has now been broken and a new lower high has been printed. i expect this to...
Hello all I think i was too early geting into this trade If you look at the chart - (in hindsight) it did have higher to travel and make contact with the diagonal trend line which it previously broke through, now has retested that trend line overnight and i now think will travel lower. Same rules as the related trade idea below (EURNZD 5 to 1) Thanks for...
Hello all I am looking to short EURNZD on a 5 to 1 ratio. 2 entries 1 to the first level and the second down to the 5:1. You can see it has broken out of it's upwards trend and on the 4 hour starting to print lower highs. I will be trading this pair through the USD news on Wednesday night if it is in the positive. As I expect XXX USD to go up and USD XXX pairs...
Hello all I am looking to take another long trade in Gold. After a good week last week, I think there is potential for Gold to continue to cycle higher, especially whilst Indices are at their highs. I am looking for an engulfing candle in this area to show bullish signs, RSI is at the oversold level It is at Support which was resistance that was broken through...
Hello all I have been watching this for a while and it is starting to play out. On USDCAD, there is a large monthly engulfing candle for Jan 2019. Similarly on many other pairs inc AUDUSD, printed in Jan 2019 there is a large bullish candle. On the weekly it also printed a nice bullish pin bar at support. I am waiting for it to pull back to the 61.8 area of...
Hello all Following my two entries in USD JPY on the 17th and 18th April, I am now entering a third position Short. It is now starting to cycle lower on the 1hr time frame and therefore, dependant on how it closes in the next 30 minutes, I will be looking to enter again Short. If this plays out, i will be 12 : 1 Win vs Risk ratio as I have been able to reduce...
Hello all Although on a low time frame - with stock markets closing negative for the day - I do expect JPY to become stronger in the coming days and in turn safehaven flows to head also into Gold. Potential long position after engulfing candle at Support. It may be too early to enter this trade, therefore smaller risk size applied, intend to add to positions...
Hello ALl I am looking to enter a second trade in USD JPY Short to add to my position of my first trade, whilst also moving my SL above the new swing high that will be formed in the next few hours. I have placed a sell stop below the low of the last hourly candle. Thanks for looking
Hello all Looking to go against the overall long term down trend with a short term 2:1 long trade up to previous resistance. Will be managing the position closely following good Chinese data from last night, however the entry requirements are met and therefore I will be entering. Thanks for looking at my trade idea Website coming soon - DuncanForex.com
Hello all I'm looking to short USD against JPY, this may take a while to play out due to my belief that USD is strong, however the R:R meets my requirements and the entry meets my rules therefore I am in. To me it looks like a bullish fakeout is forming before it then returns a leg lower. Just a trade idea, and not trade advice. Thanks for looking.
With EUR continuing to weaken and JPY beginning to strengthen on the back of a weakening stock market due to being near to all time highs, I am expecting a pull back to previous support over the next few trading sessions. A trade idea only - choose to trade this at your own risk thanks for reading DuncanFX.com
Hello all Thanks for looking at my post Intention is to Short the EUR with a strengthening USD 4 hour bearish engulfing at resistance. If it pulls back on a lower time frame on the way down, i will look to take additional entries. Ratio is 3:1 Win / Risk Lets see how it goes - remember - this is not a recommendation to enter this trade, just an idea i am...
GBP has been cycling up for many months and after an impulse move during the first 2 weeks of March, and a slow retrace over the past 4 weeks, we are now seeing what appears to be a first higher low at the 61.8% retraced level. Entries and secondary entries on retest to ride the pair up to 1.99 Entry is at Strong Support Level Just a trade idea, entry is at your own risk
USD is continuing strength and GBP is losing as we head into 2018 with no clear next interest rate in sight. from a 61.8 retrace on the - i'm looking to a 161.8 extension to play out this week on the 4hr. Just a trade idea - trade at your own risk
Day Trade - Channel Reversal Bounce off Channel Low - Looking to go long up to 1.7200 area (two targets) Entry at 1.6225 Stop at 1.6185 TP 1 at 1.7200 (1:19) Risk Reward TP 2 at 1.6680 (1:8) With AUD looking bearish on all pairs today and GBP gaining strength with fairly good data - Could be a fast moving trade.
Daily Trade using weekly Open for Stop Loss. Weekly Doji at Support - Looking to go long up to 1.5500 Entry at 1.48000 Stop at 1.47500 TP at 1.55000 Risk Reward of 1:8 Target is 1.55 due to where market gapped previously