Here EURUSD has sold off aggresively to the low from yesteraday. RSI is oversold in the short term. It tested the lwo twice on M5 which leads me to beleive we can have a short term bounce due to the double confluence of a important daily level as well as oversold RSI.
The price is retracing from a previus high which it failed to break. So targetting the midpoint of previous move.
The market has slowly being going up. The correlated pairs GBPJPY, AUDJPY all broke higher which suggest there is broad based weakness. Ath the start of the hour I went long as the running candle broke previous canlde high. I am targetting tp just under the ADR with a risk reward of 1:1.45R
The overall trend is down. Market broke lower yesterday. The market did a retracement. On the hourly we can see the trigger candle in this the bearish engulfing. Entry initiated on the running candle with a risk reward of 1: 1. Potential of a second entry later on the day.
OANDA:XAUUSD Short is marked on the chart. Failed to make a new high Strong Sell Candle on the hourly Looking for short continuation after this clear failure.
FX:GBPUSD I think the high of the week was setup on Monday. Marked the setup on the chart. Good Risk reward.
OANDA:XAUUSD It's creating a nice rounding pattern on the 15 mins. Expecting a breakout and will enter the breakout of that level. Marked in the chart. The profit target is 1890. Best of luck traders!
OANDA:XAUUSD Going short on Gold. Tried to take out yesterday's high but got rejected. Should be an easy short targetting 1:1 risk reward.
AUDUSD Shorting AUD here as DXY seems to be breaking out after relentless selling and there is clear structure in the AUDUSD making it the ideal candidate to short.
FX:GBPJPY Selling GBP fading the spike. Let's see how it plays outs.
First trade of the week. Shorting gold from 1875 TP is 1863 SL is 1885 Since its the first trade of the week trying to bet small risking 0.25% on this trade. Lets see how this plays out. XAUUSD
FXOPEN:XAUUSD Entry 1845.1 Take profit1839.72 Stop loss 1850.12 RR: 1:1 Correction of the initial impulsive move
FX:EURUSD Risk 2R Entry @1.0523 TP @ 1.0602 SL @ 1.0490 Trade duration only today. Will be closed at the end of the day don't want any weekend exposure.
FX:EURUSD Here look at the chart. It started with a strong push toward the low. Followed by a sharp reversal. It broke the structure on 5 min chart. Then on the break of the high, we can enter. R:R = 1: 2 If you have any question about this setup please ask.
FX:EURUSD LONG EURUSD The first loss signal was a signal for this trade. Now risking 2R for this trade as we have confirmation from the previous trade First Tp is 1.0650 and the second TP is 1.072 SL is 1.0570
FX:EURUSD Going long on this trade as DXY is also dipping. Risk: taking 1R risk for 1R rewards.
This is a trade idea for today. The logic is the market traded down and trapped some traders on the short side. So going long is ideal at this point. If the setup fails then I will put double risk and go on the short side as it will be an extremely strong sell signal. FOREXCOM:XAUUSD