NZDUSD H4 - Long SetupNZDUSD H4 - DXY pushing marginally above 93.350 ish, need to keep an eye on DXY resistance to see if it breaks upside, if it does we can expect continuations of ***USD bears and USD*** bulls. Just marking up some setups and zones for consideration. Best practice to wait for the dust to settle and see which zones holds before entering.
Alerts
Quick Tutorial - Setting up Alerts on the TradingView PlatformQuick overview how to use the Alerts tab on the TradingView Platform to send trading signal alerts from the indicators you have on your chart - To:
Your mobile phone, TradingView App
Pop up on your Chart
Email
Simple and easy setup so you dont miss those important trading signals
USDJPY H4 - Short SetupUSDJPY H4 - As mentioned, we have a lot of economic data coming up regarding the US over the next couple of days, this shall influence the USD a lot, effectively act as a catalyst to move USD markets, so do be aware of these points and keep an eye on timings! Lots of consolidation seen on UJ, could be exhausting, DXY broken support and setting LH's and LL's.
GBPUSD H1 - Long Trade SetupGBPUSD H1 - We spoke about this support zone of 1.27 being a pivotal point and due a breakout. Support held and we formed a triple bottom before then taking off and setting new highs. Possible retest of the previously broken resistance price before taking off upside again, USD may see corrections today as covered in the technical rundown video.
GBPJPY H1 - Short Trade SetupGBPJPY H1 - Off the back of the BOE members speeches earlier on today and comments from Barnier, GBP has been losing a bit of ground, simply looking for a clean break of support and subsequent retest so we can look to grab short orders inline with the reversed trend, again, if this unfolds, this will be something we look to personally trade and will look to signal.
DXY H4 - Short SetupDXY H4 - Siting on that S/R region now, really want to see rejections from current price of 92.57, this would compliment our GBPUSD/cable long setup really nicely, we do feel any dollar strength at the moment should be short lived and more so deemed as relief rallies and opportunity to sell the rallies.
EXPE - 14.97% Potential Profit - Ascending TriangleAscending Triangle formed into an Uptrend Corridor and new support confirmed multiple times on the 5-min chart on 25th Aug.
About the entry, you have two options. Chasing the price entering with a Buy Stop order or waiting for a better entry with a Buy Limit. It comes down to your appetite for risk and current trade situation - I will most likely go ahead with a safer Limit order.
Note that the success of this trade highly depends on COVID19-related news, and to AZN's vaccine development.
Target price set at resistance line bounce.
- Historical Uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $96.86 (Stop) or $95.72 (Limit)
Suggested Stop Loss $92.42
Target price $111.36
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
GBPUSD H4 - Long Trade SetupGBPUSD H4 - Still creeping higher after a reversal threat, initially pushed 1:1.75 off the initial bounce, before correcting and dumping, partials taken and stopped in profit with the remaining position. Managed to get a late re-entry after fresh highs broke on the hourly.