Small trade here - but allows for a great RRR CADCHF has been stuck in a range, looks like the range (top end resistance) has been broken. We are just going to wait for a pullback to and rejection of the highlighted area, before getting involved in some longs
So, Brexit uncertainty hammered GBP last week after the internal market bill caused outrage within the EU, and bought the prospect of No Deal back into focus. GBP sold off heavily against most pairs. This sell off was quick and sharp - potentially putting GBP into oversold territory. But with this trade it is absolutely critical we wait for price action...
AUDCAD - The charts would point to a great short - price is at the top of an descending channel & any push above the top of the channel will put price into an area of decent resistance, providing another great point to short from. However, I believe CAD should show weakness throughout all of next week (CAD strength correlated to OIL, which is currently in a...
Looking for a short on this pair - We will look for; 1) A push down below the short term upward trendline 2) Next a move higher to the long term downward trend line 3) Rejection of this trend line (then we will get involved in the sell)
Looking for longs on this pair next week. Price sits at the bottom of a long standing ascending channel and looks to have just completed a push to the downside. We will wait for the upward move to start to confirm the push to the downside has finished / give further validation to the ascending channel I will be trading this one cautiously (hence why TP isnt...
Hi, With this pair we have seen a channel break, push to the upside followed by a retracement (which created a higher low), price tried to push higher again however ended up consolidating. We are going to wait for a slight pullback on this pair to the local support area, and then if we see rejection of this, look for the longs. EUR strength is expected next...
Respecting a trend line that also ties in nicely to an area of local resistance Waiting for more of a rejection before entering
Hi, So we are seeing this pair push lower from an area of resistance (a move that has likely been accelerated by BOC decision to keep rates low) We are waiting for price to come to the support level marked, and for price to begin to reject this area, before taking a long - PLEASE NOTE THE POSITION MARKED IS JUST INDICATIVE From a more fundamental perspective -...
We need to trade this pair carefully. We called the current bearish move at the start of last week. However this move has continued further than we expected. We will watch closely to see how this pair opens, but the expectation would be for the move downward to continue to the 1.758 area. From here we will take profit and watch to see any rejection of this...
USD seeing a bit of a bounce broken out of channel, also had a bullish engulfing candle on the 1hr I still dont think the dollar is strong - but there should be a quick 25-30 pips here
There is a lot in play here and its not the cleanest of charts so apologies for that A shorter term bullish trend line has emerged which broke through a solid Resistance area (Area 1) With this bullish trend, price looks to be attempting to close above a longer term downward trend. We are looking for a few solid 4hr closes above the longer standing downward...
Going long on this pair, small lot size initially as we need a little more confirmation before adding to the position but we have; Longer term bullish price action / trend line on the pair Short - Midterm (13th - 25th) Bearish channel Short term - Bulls have broken through the channel, and the market has pulled back to a level above the bearish channel (this is...
Hi, Full credit for this trade goes to Forecast City However - as per their trade setup description - only take the sell on rejection of 1.18280 level (dont just blindly place the order when they release the setup!) We can see 1hr candle closes between 9am - 11am showing price trying to push higher above the 1.18280 level and being rejected. 12:00 candle...
Hi, Full credit for the trades goes to Forecast City (as per their description trade is only valid for price rejection of 0.9075 area - which we are now seeing) Candle Closes from 10-12 showed rejection from any push downward. 12:00 candle close showed the bullish upside we were looking for to really indicate a push higher. We are now in the trade
Hi, Small position size only as this is a pair I have barely traded. You can see price is respecting a trendline, creating lower highs, bearish close on 1hr seems to validate that, looking to scale in a bigger position if the move gains momentum
Hi, Hoping for a quick short trade here - I am in from the level marked, and just looking for price to respect the trendline and push lower
So, Crazy rally on this pair this morning. Price is approaching a clear resistance level. We will wait for price rejection of that area (solid 1hr bearish close), and then look for shorts - DO NOT SELL INTO A BULL RUN!