scalony

scalony

This is not an idea for particular trade but rather general idea for direction of market

scalony

Weakening bullish trend opens possibility of long and short play

scalony

Potential long setup

scalony

I have just bought EURJPY. I am expecting it to go up at least to its recent highs. The pair trades close to the trendline and to support at 141. I placed additional buy limit order at 141. So potentially I can get slightly better price. I placed stops behind 140 support and take profit right at the recent top.

scalony

USDJPY is trending up. An right now the pair is resting on an important support. So my bet is that the support will hold. The pair may go slightly below to form a nice bear trap and then will shoot up to hit followint resistance levels:102, 102.5,103 and 104.5. I will place stop at 100.6 and take profit at 104.5

scalony

I am actually buying it right now with profit target set to 1400 and SL of 1325. I will also create couple of pending orders at 1353, 1340, and 1333. These levels seems like a good support levels. I am expecting gold to finish its correction soon and go higher.

scalony

Gold is in an uptrend and the recent turmoil in Ukraine is helping it. So I am definitely buying it and expect it to go at least to 1360. However I would love to get better price so I will start buing when price drop to 1330. I will place stops around 1320.

scalony

There is lot of buy order waiting slightly above 141. These buy orders will be a tasty snack for market makers. So I am expecting a correction towards these stops. On the other hand there is a bunch of sell orders around 144. So the market may also go there. I am placing a sell order with stop and 144.20 and profit target at 141.300

scalony

Euro keeps making higher highs, the long term uptrend seems to be intact. However it needs to breath and now this part of move seems to be exhausted. I am shorting it and hopefully it will drop to 1.3812 or even 1.3792. The Risk to reward on this trade seems right. and in the past this pair was respecting the channel boundries it which it was moving so I do not...

scalony

We are now at the lower band of pitchfork. We have alredy bounced couple of times before. So there is not reason why it will not happen again. Stop below resent resistance and Take profit when price reaches median line.

scalony

This trade goes completely against fundamentals. We have poor manufacturing data comming from Europe and good manufacturing data coming from China so from the fundamental point of view AUD should gain in strength and EUR should weaken but techincal analysis present quite a contrary view. As you can see EURAUD pair just recently broken through down sloping...

scalony

Recently Pound is showing strength and it will probably break through 1.5933 resistance. But the next resistance 1.5960 is also top of a down sloping channel. And in my opinion there is not enough steam in pound to break through this one. So I am going to short pound from 1.5960 and expect it to go back to downsloping median line. Profit target 1.58320 However...