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Duncanforex

EURJPY - SHORT - 3 : 1 WIn vs Risk ratioHello all After the positive trade last week, I am looking to get back into EURJPY and short it again on it's next leg down Looking to follow it down to next key level of support. The descending trend line (acting as dynamic resistance) was broken out of last week, however price has now returned back within it. Also it has now just started to cycle lower on the 1 hour time frame I expect EURJPY to fall quite a way over the coming weeks maybe even as low as 121.00 Thanks for looking Duncan
Short
by UnknownUnicorn483829
USDCHF (Swiss) Short - 3 : 1 Win vs Risk ratioHello all With CHF being a safe haven it is currently coiling against the USD, however I'm expecting price action correlation. With USD continuing to weaken after the Fed confirmed a Dovish TOne in January, that is now starting to seep into the market. I do expect USDCHF to drop quickly at a point in the next day. I am entering two positions, one is a 3 : 1. The other will be just to see how far further it may go dependant on price action. With Fed News tomorrow, if it is positive at the time, I will move my stops to break even on one of the positions, if it is in the red leading up to the news, I may cut my losses on one trade and let the other play out. Thanks for looking Duncan
Short
by UnknownUnicorn483829
EURJPY - 14 : 1 Win vs Risk - 2nd Try Hello all Looks like i was too early getting into this trade, got taken out only for it to reverse - that's forex for you I entered again at 20:00 BST on the 1hour close candle. I do now expect this to go all the way down to 120.00 You'll note that the short term upward trend (pullback) has now been broken and a new lower high has been printed. i expect this to now keep cycling lower. I will be entering on every pullback and compounding my positions. I took 3 entries - First is a 4 to 1, second is 6 to 1 and third is 8 : 1 - i will then look to add to these as we head into next week. This could be a great trade over the coming 1 to 2 months I am aiming for 120 as it is a round number - at which point - i oould not be surprised aligns with Brexit and will reverse quickly into a long movement upwards. Thanks for looking Duncan
Short
by UnknownUnicorn483829
2
EURNZD - SHORT 5:1 WIN VS RISK RATIOHello all I am looking to short EURNZD on a 5 to 1 ratio. 2 entries 1 to the first level and the second down to the 5:1. You can see it has broken out of it's upwards trend and on the 4 hour starting to print lower highs. I will be trading this pair through the USD news on Wednesday night if it is in the positive. As I expect XXX USD to go up and USD XXX pairs to go down. In turn EURNZD / EURAUD pairs will go down. Previous 4 hour candle was printed at resistance and that low has laready been broken. It is also a 50% retrace of the last leg down and therefore extending out Fib levels - it could go to 1.6540 level. Thanks for looking Duncan
Short
by UnknownUnicorn483829
2
Gold XAUUSD Long - 3 : 1 Win vs Risk RatioHello all I am looking to take another long trade in Gold. After a good week last week, I think there is potential for Gold to continue to cycle higher, especially whilst Indices are at their highs. I am looking for an engulfing candle in this area to show bullish signs, RSI is at the oversold level It is at Support which was resistance that was broken through last week. If it can start to cycle higher at 1281 area - I am in Overall , keep in mind that gold has been in a down trend overall for the past 10 weeks and has printed lower highs than when compared to Feb 2018, therefore overall this could go lower in the end. Thanks for looking and lets see how this plays out. Duncan
OANDA:XAUUSDLong
by UnknownUnicorn483829
2
AUDUSD - Plan for future Long Position - Large Reward PotentialHello all I have been watching this for a while and it is starting to play out. On USDCAD, there is a large monthly engulfing candle for Jan 2019. Similarly on many other pairs inc AUDUSD, printed in Jan 2019 there is a large bullish candle. On the weekly it also printed a nice bullish pin bar at support. I am waiting for it to pull back to the 61.8 area of that weekly candle - (or near to this) Once i see a Head & Shoulder pattern, or other reversal pattern, I will be looking to go long and i do expect after a bit of consolidation, for it to take off quite quickly. At the time, it will be down to a political event and fundamentals, however you can see in Jan 2019, where the market intends to go later in the year, purely on price action. This is echoed too on the EURAUD for longer term short positions whilst it currently retraces upwards. I expect the second half of 2019 to destroy the dollar Just an idea, thanks for reading.
Long
by UnknownUnicorn483829