UnknownUnicorn772665

UnknownUnicorn772665 Updated 

Multiple confluences showing signs that GBPUSD might sell off from here. Multiple profit taking levels shown along the way using intraday support/resistance zones. My stop loss is placed above todays wick rejections and price resistance levels.

UnknownUnicorn772665 Updated 

Quick day trade set up on Cable. I am looking for a sell off from these levels. Stop loss above the highs, targeting a 3R return.

UnknownUnicorn772665 Updated 

USDCAD is back at the 1.35 key level support zone. I think it is a safe buy here and longs will see some profits this week. There is a bearish upper TL in play so this would be my first TP. If that TL is broken to the upside then the next target would be the resistance zone at 1.36400. Stop loss below any wick lows to be safe.

UnknownUnicorn772665 Updated 

Nice resistance and potential double top @ 1.14. Shorting here and targeting the bottom of the current price range which is 1.12. If that level breaks then price should fall further to 1.10. Alternatively a bounce off that level will see the sideways price action continue.

UnknownUnicorn772665 Updated 

GBPUSD intraday bullish trend looking to reverse now. Short position entered, target 1.25 and 1.22500

UnknownUnicorn772665 Updated 

I am again shorting GBPUSD @ this 1.25 intraday resistance zone. Looking for more downside so I am targeting the next support zones @ 1.22500 and 1.21 for profit taking. Stop loss above the current highs. Good R:R on this one.

UnknownUnicorn772665 Updated 

Potential for another short trade on Dow Jones here. Bearish daily closure yesterday, 1hr trendline broken and price is trying to close below the daily pivot. If we see a break of the 50EMA and lower lows made next week, I think shorting this index down to the 25,000 should be profitable. Thanks.

UnknownUnicorn772665 Updated 

Nice flag pattern forming today on the Dow Jones index. Looks to be price consolidation after the early morning sell off and I anticipate this selling could continue. TP levels on the chart but really, if price drops down lower I think it could shock stock buyers in to taking profits and more larger downside to begin. Everyone knows fundamentals don't align with...

UnknownUnicorn772665 Updated 

The CBOE Vix index has bounced off of the 200 daily moving average and retraced over 70% from the march 2020 highs. Looking at the news of shares fo bankrupt companies being bought and pumped, stock indexes making all time highs whilst there is zero fundamental reasoning makes me think this bubble will burst. Maybe not right away but quite possibly we will see...

UnknownUnicorn772665 Updated 

Quick short term day trade set up on USDCAD. Higher low, breakout of lower timeframe wedge yesterday, trendline and EMA supporting price. This could go a lot higher than TP1 shown on the chart because USD is weak across the board so plenty of upside.

UnknownUnicorn772665 Updated 

Simply lower timeframe trendline break and retest. I am looking to trade this pair down to 1.25 support/resistance zone and bullish trendline that sits there from the higher timeframe chart. Nice 15 minute bearish engulfing candle just closed which triggered my entry. Stop loss is above the highs.

UnknownUnicorn772665 Updated 

Simple trend following trade. Shorting this lower high, looking for a new lower low.

UnknownUnicorn772665 Updated 

Wow, stocks have really made that V shape recovery and have almost entirely consumed the initial sell off. Record levels of fiscal stimulus and support from central banks along with investors having no where else to put money has lead to this. The Dow Jones is now trading just above the higher timeframe weekly/daily 0.786 fibonacci retracement level drawn off the...

UnknownUnicorn772665 Updated 

CADJPY is rejecting the daily fib 0.618 level and showing strong "overbought" levels on the 4hr chart. The last bullish wave is looking very overextended and I am keen to see a pullback in to previous structure and bullish 4hr TL. If the daily trend is correct then this 0.618 retracement should see price go back down to the previous lows (support) at...

UnknownUnicorn772665 Updated 

I recently shared a potential short trade for GBPUSD and having looked at the GJ chart, i believe trading Pound against the Yen is a better trade opportunity. Not only is price rejecting the 135.500 resistance level right now but I believe removing USD from the trade will help in regards to reducing potential volatility and market chop. As we know, the US markets...

UnknownUnicorn772665

I can see a few key pieces of technical analysis on the Dow Jones index that I am paying attention to. The first is the bullish trendline that was quickly broken back in early March this year. This shows a significant shift in momentum and the higher timeframe trend technically became bearish when this occurred. Since the lows of near 18,000 were made and the...

UnknownUnicorn772665 Updated 

Here is my second attempt, and dare I say it, the better analysis for a gbpusd short trade. I tried shorting this yesterday @ 1.22 with reasonable immediate success but was stopped out this morning. In hindsight, I was looking at the lower timeframes too much and not using the bigger picture. Price is now retesting and rejecting the 1.22500 support/resistance...

UnknownUnicorn772665 Updated 

I quite like the look of shorting GBPUSD at this key 1.22 level. Nice 1hr bearish trendline, consecutive lower highs and lower lows being made. The 50/200EMA alignment is bearish and I can see signs of 1.22 key level resistance holding strong. I think we could see a sell off from here through the rest of the week and at least see previous lows from Friday...