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100pips

USDCHF: Potential 100 pip tradeConfluence On the daily, we can clearly touch on a well-tested support area. Another thing we can see is the bearish divergence which could be a sign for a possible push to the upside. Another thing we can see is the head and shoulders pattern which might lead to a push to the upside. COT If we look at the COT reports we can clearly see a decrease in short positions and an increase in long positions. At this point, CHF is moving down but a push to the upside will not be a huge surprise because the USD is also getting weaker. CHF COT: tradingster.com USD COT: www.tradingster.com
Long
by Mete_forex
EURCAD: Pontential +100 pip trade Confluence We can clearly see a well-tested resistance area on the 4-hour chart a potential spot to take a short position. I am still waiting for confirmation in this area and therefore I will not trade this area blindly. Another confirmation is the fact that the RSI is overbought + it is that in a key resistance area. The last factor is the potential head and shoulder pattern forming itself. COT - The hedge funds If we look at the COT reports for the Canadian dollar, we can clearly see an increase in net positions from -17.560 to 18.574. We can’t see the biggest move in net positions from a EUR perspective but a small decrease in net positions from -100.789 to 103.401. If we look at the overall short positions on the EUR is 159.127. Overall long positions on the CAD are 51.738 which is more compared to the short positions. So, a push to the downside on the EURCAD will not be a huge surprise if we get more confirmations around this area of resistance. CAD COT: tradingster.com EUR COT: tradingster.com
Short
by Mete_forex
2
CADJPY Looking to go down !! 100pips!!By now, if you've been paying attention to my previous analysis, you know i always prefer continuation over breakouts! I just think its safer for entries! This pair is a great example! Price just touched a multi year trend line dating back to 2015! I'm in for the SELL for sure, 83.00 could be my final target because of the new up-trend that formed since aug'19 ! A small SL as always and lets go! What do you think? Le me know in the coments!!
Short
by rodriguesths
AUDUSD LONGBack with another trade… This time it’s on the Aussie Dollar vs The United States Dollar. We have been eyeing this pair up for a while and have been waiting for the uptrend to be confirmed in our eyes. According to our trading plan, we can only place a long trade once the price moves above the last major resistance and is held. A few breakouts have been seen (and held for around a week) and then the support was too weak so it fell back down. Today, we see the price bounce very nicely off the 51 degrees trend line and the last major resistance, come support that we have seen on a daily chart. We recommend a take profit around the 0.70000 mark, which will be a nice 100 pips, and we will be setting our stop loss at 0.68300 which is below the previous major resistance. Happy trading! More updates on this trade will follow!
Long
by TheFXoption
USDJPY update TOUCHING down trend channelSo price managed to get even higher than we thought and now made a new touch on the down trend channel dated back to oct'18 ! This is my third entry on this pair this week, the first oe i managed to make some profit out of pure luck, as i was online before the spike up! The second, yesterday night and now we're back at it! I feeling confident aout this one, on +20pips profit it will be secured in breakeven as i always do! Any opinions on this one ?? Leave a coment
Short
by rodriguesths