thxndi

thxndi Updated 

After FOMC Discussions and strength on DXY yesterday evening (UK Time) I seem to believe that EURUSD is forming a Head and Shoulder pattern on the daily timeframe . This could mean short positions coming into play. With 2 wicks now testing a key level at 1.20600, and the third not being able to make it that high, I do believe we could be seeing imminent downside...

thxndi Updated 

Shorting FX_IDC:XAUUSD till major support line at 1307. After a breakout of CTL, which has been running since 25th August we can see shorting positions coming into play. You can also see the 9 Day EMA has risen above the latest bar therefore showing bearish momentum. Happy Shorting ;)

thxndi Updated 

Looking to short FX_IDC:EURUSD tomorrow. Scenario 1: EURUSD testing last candle at 1.9800 and a 0.618 fib and falls short from there. Scenario 2: EURUSD pops up to 1.2050 from GDP Results tomorrow and then shorts come into play from Interest rate decision. Will need to be careful with this trade as EURO GDP results may provide a false breakout to test the...

thxndi Updated 

Longing FX_IDC:XAUUSD based on a fib pullback to 618 level. Looking at long positions, with entry at 1295 till 1345. Will be analysing price action before any entries. Expecting this trade to go up to 1.414 or even 1.618 on fib extension which will allow us to bag a nice 500 pips + Happy Trading.

thxndi Updated 

Longing FX_IDC:EURUSD based on a fib pullback to 618 level. Looking at long positions, with entry at 1.18200 till 1.22500. Will be analysing price action before any entries. Expecting this trade to go up to 1.414 fib extension which will allow us to bag a nice 430 pips + Happy Trading.

thxndi Updated 

Head and Shoulders formation on 4 hour for FX_IDC:EURGBP looking to short till last major support around 0.90500 figure, will be looking for retracement on Monday before entry at 0.92000 with SL 50 pips above. Looking to bag 150 pips on this trade. Please be wary of price action as well as risk/reward. Happy trading.

thxndi Updated 

Here goes my first post... Shorting the AUDUSD based on the idea that there is re-test on 0.382 on fib, which would set up a sweet entry at 0.74845. I tend to keep my stop losses tight, usually around 20/30 pips away. Expecting this trade to go down to 1.272 on fib extension which will allow us to bag a nice 304 pips. Expecting trend reversal at this stage as...