GBPCHF Buy to .382 Retracement GBPCHF has been bearish all month and has hit the D ext with a very shallow retracement. With good news from the GBP yesterday there may a Bullish rebound for at least a short term move. Keep an eye out on this pair because there is a Bearish H&S pattern that is forming if it breaks it could drop all the way down to .9440 level. Use a trail stop of you take the trade.
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EURAUD Short H&S PatternHead and Shoulders pattern has been created on daily and 2hr Sell bottom of projected move. Daily is has rejected 1.6040 area and has turned it into resistance, looking for short term target on the 2hr to 1.5840 (Daily D ext). This
is a retracement move to the long term Daily .618 upward trend. Use trail stop and protect profits Stop should be able 1.6040.
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USDCHF SELL Swing to 1.27 ext .9550With the USD being overbought and having bad news this morning an evening star candlestick formation was create and confirmed this evening the ext is at .9550 which is the target I would look to go for risk/reward is a 1 to 3 if you place your stop around 1.000 level. If you have not gotten in I would wait for a pull back on the 2hr chart to get in.
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USDJPY MARKET SHORT SCALPLooking to start the week right, look to scalp the USDJPY market has rejected the 108.00 pivot area place stop above the 108.00 at 108.15-108.20 swing high on 2hr target 107.35 to 107.15 to 106.50 as level of take profit.
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EURUSD BUY Options 1.1300 to 1.1450Let me start by saying this the USD is proving to be weak going into the this weekend and I think it will struggle without a catalyst driving it. So from looking at this purely from a Stochastic and pivot point mindset the daily is in the BIY zone the 2hr is in the BUY zone right now and it has broken a CTL. Here are your 2 options. Scalp the market to 1.1300 take profit and wait for a retracement on Sunday or Buy at market now and hold to the daily D ext at 1.1450 which means you would have a 1 to 2.5 risk reward ratio on this pair.
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AUDCHF SELL Swing Short Term Target to .6800Bears has flex their muscle and with AUD weakness there is some room to the downside before hitting month support at .6800 looking for CTL breeak on 2hr chart and stop will be made above the .6900 pivot area.
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NZDCHF SELL Management If you were not able to spot this trade out before it happened don't panic...Market has broken an CTL and it is moving down to .6500 which an area that the BULLS will look to push the price up. The BULLS were able to break the the initial ABCD swing on the 2hr however, there is a 2hr sub D ext at .6320 that you would need to keep and eye on. Long term I think CHF is going to have strength by the end of the week with a catalyst Daily D 1.618 ext .6350.
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NZDUSD SELL Updated 1.27 Extension Confirmed to .6420 On 7/1 the NZDUSD gave a Market SELL based off of the rejection of the .6720 area and confirmed a 1.27 C Ext down to the .6420. If you are in great, however if you are not look for a 2hr high price in the SELL zone to place a entry with the Stop above the fractal high on the on the 2hr. PLAN YOUR TRADE, TRADE YOUR PLAN
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AUDCAD SELL SWING to the .8950 areaAUDCAD is testing the .9200 area and has rejected it to this point this morning on the 2hr chart there is consolidation around the .9200 - .9160 area if it hold below area I would look to SELL down to the projected Fibonacci D at .8950, Stop should be places above the .9200 area around .9260. Be aware that the .91150 is a monthly pivot area and it has rejected that area twice before but if it moves past that level there is no more support to the .8950 area.
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NZDUSD SELL CONSOLIDATION PLAY TO .6500 AREA MARKET SELLPreviously, there was a triangle that has been formed and broken to the downside. It has not fulfilled the projection of where it will go around the .6420 area. Since then the NZDUSD BULLS has testing and failed the .6720 area and has broken a counter trend line, there is a MARKET SELL chance right now if you are viewing this STOP should be place above the sub resistance at .6795 with a target at the support at .6520 as tp1 and the potential of moving lower to the 1.27 to the .6420 area.
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EURJPY SHORT SWING DOWN TO 119.00 TESTING FLASH CRASHThe EURJPY BEARS has been pushing the price down for awhile now and it has maintained itself below the outer TL. Last week the BULLS made a push to bring the price up to the 123.50 level only to be rejected again, The ADX has not reached a exhausted level giving a little more room to the downside and the Stoch RSI is in the SELL zone and has giving a entry at MARKET, targeting the 119.00 level (flash crash low) down to the 110.00 level. Stop should be placed above the swing high at 123.50 which gives an initial ratio of 1:2 with more room to the downside.
CAUTION: If the BULLS make a push before it hits the 119.00 level especially before JPY news this upcoming Thursday might be a time to take quick profits on the way down to these levels
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EURAUD LONG Swing Looking up to 1.66000 up to 1.7000The EURAUD is in the push zone of the Fibonacci zone (from C to D) and has broken a resistance zone at 1.6350 twice. Even though the Stoch is moving from the SELL zone I don't believe that the AUD BEARS are strong enough to push the price down below that level and test the trend line again at some point without some type of catalyst. Therefore I would look to BUY up to the 1.6600 at profit level 1 up to 1.7000 as profit target 2. Stop should be place below 1.6350 swing low around 1.6280 area. Unless on the 2hr it retraces back towards the 1.6350 area the ratio may now align for you if you are looking at the 1.6600 area as the only target.
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AUDJPY SELL SWING Potential Move ComingThe AUDJPY is showing a potential rejection of the 76.00 level which is a daily pivot area. With the stoch in the SELL zone and I am looking for a counter trend line break around this level. If the market keeps climbing and uses the 76.00 around as support look to BUY up to the 77.50 area and sell down to the 72.50 pt 1 area down to the 67.50 area pt 2. Stop should be above the 76.00 area around 76.50 making the risk reward around a 1 to 3.
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AUDUSD SELL Swing to .6750 area AUDUSD is rejecting the .7020 area which is a daily pivot zone and it has to the makings of a CTL break in the SELL zone. At the close of the candlestick if it remains below the CTL I will look to SELL down to the .6820 area to the Fibonacci D ext that was not completed last month. Stop should be place above the .7020 pivot area giving this a good risk to reward ratio of 1 to 3.5 level.
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