USDJPY: possible long scenarioThe market is still under pressure due to coronavirus and recent drop in oil prices, so risk-off instruments are strengthening.
It's better to keep in mind, that the bias in USDJPY is pretty bearish, however entering the market from 104.69 with S/L below 103.64 and T/P around 107.74 provides decent R:R and opportunity to ride a correction move.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
Followme
EOS: possible long scenarioEOS is currently at 0.5 Fibonacci retracement level and possibly forming a H&S chart pattern...
..on the other hand several times the price rejected the support zone around 3.4 price level and currently it's above 50 EMA on 4H chart (on daily it's still below).
It seems reasonable for me to start entering the market from current 3.8 price level with S/L below 3.4 and T/P around 5.5.
First resistance level is around 4.07, second one is around 4.41.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
LONG Setup USD/CHFlooking at a taking a long position on USD/CHF. I expect a counter trend move to the upside, and will look to scale in profits at key areas such as daily 50 ema. I see potential a move up to the previous swing high, which will also offer a great R:R.
As well as a multi touch trend line, we have weekly support and very string MACD divergence on 1D and 1H.
Hope this was helpful and I you have any questions or want to learn how I trade, please drop me a dm here or on IG @saxonpooley!
USDJPY: optimistic long scenarioDue to fear around coronavirus japanese yen as safe-haven currency is strengthening...
...however Japanese economy is technically in recession and USDJPY has been moving north.
Entering the market between 110.1-109.23 price zone with 113 T/P level provides decent opportunity for joining bulls.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
USDJPY: possible buy scenario Japanese yen weakened around 1,5% against USD yesterday and i think it should continue it's trend...
...jumping in now would be fomo, so it's better to wait for better prices (which we might not get).
Joining bulls from 110.65-111.05 price zone with 113.00 T/P provides decent R:R.
Keep in mind that this idea might be realized in several days and opening long position in USDJPY results positive swap.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
USDCAD: possible short scenarioTrend reversal might occur in USDCAD..
..the idea is based on strong price movement and breakdown of the resistance level around 1.326.
Joining bears from 1.32615 price with 1.3276 S/L and 1.3202 T/P provides R:R around 4.1
//
Feel free to share your opinion/position via comment and follow me to stay updated.)
Potential Setup on AUD/CADHeading into this week with lots of pairs on watch. After shorting this pair down last week, it is now offering great R/R for a long. This pair could make us some good money this week!
If you like my posts, please give me a follow! if you want to learn how I trade, drop me a DM on here or on IG @saxonpooley!
Have a great week!
GBPUSD: moving sideways, possible trade scenarioCable strengthened last week even though Sajid Javid, the Chancellor of the Exchequer, resigned...
..since the beginning of this year GBPUSD was moving sideways with the highest price around 1.321 and lowest around 1.287.
Last week it broke above 1.30 again and it seems like it was a false breakdown below 1.2945.
I will wait for a pullback to 1.299-1.2945 price zone for joining bulls with t/p target around 1.312 (R:R at least 2.85).
Today is Holiday in USA, so the liquidity might be low.
Keep in mind that this idea might be realized in several days and opening long position in GBPUSD results negative swap.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
AUDUSD: possible scenarioRBA interest rate decision remained unchanged (0.75%), while the market was pricing interest rate cut.. that's why AUD is bullish at the moment..
..however global uncertainty around China might put another selling pressure on AUDUSD.
Joining bears from 0.674-0.6779 price zone with 0.665 T/P provides decent R:R (at least 2.31).
//
Feel free to share your opinion/position via comment and follow me to stay updated.
USOIL: closely monitoring..which direction going to go?Global uncertainty around coronavirus still present and oil price is pretty much under selling pressure..
..according to the trend it seems logical to join bears if the price closes below the triangle chart pattern formed on 4h time-frame.
However, if there will be any sign of positiveness regarding vaccine or OPEC members decide to cut the supply of oil the price should go up, so it's better to be prepared for joining bulls from a certain point.
Enter/exit levels are on the chart, decent R:R in both cases.
//
Disclaimer:
The published idea is my opinion, not investment advice.
//
Feel free to share your opinion/position via comment and follow me to stay updated + hit like button to support my work.)
GBPAUD - Short by Blue Mind FXPLEASE LIKE AND FOLLOW FOR MORE ANALYSIS
----------------
GBPAUD Re-entered a strong Daily Parallel channel after last weeks movements. Weekly Chart shows a potential Bearish flag. Additionally, a Strong Weekly Trend Line has been rejected by price for the third time. a VERY interesting swing idea of 1,000+ Pips profits. For sure looking at shorting GBPAUD early this week.
Blue Mind FX For more!
USDJPY: possible scenario for joining bullsThe market calmed down, so Japanese yen is weakening.. i am waiting for better price to join bulls between 109.15-108.95 zone with 109.8 T/P (R:R 3.25).
Keep in mind that this idea might be realized in several days and opening long position in USDJPY results positive swap.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
EURUSD: impatient long scenarioI think aggressive buys can start above 1.1095.. however for EUR bulls and for those who are playing with thought that we are going to see that level, entering the market between 1.104-1.1008 price zone with 1.112 T/P provides decent R:R (at least 2.5).
Keep in mind that this idea might be realized in several days and opening long position in EURUSD results negative swap.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
GBPUSD: possible long scenarioThis idea is based on that the market is already pricing rate cut in GBP, so it is possible that we are going to see a strong pull back in price and then buy out from the level around 1.2957.. it provides decent R:R for joining bulls with stops below 1.29 and take profit around 1.312. (R:R=2.86)
If the rate remains unchanged it will be a positive scenario for GBP and it might continue going up without any pull back..
Keep in mind that this idea might be realized in several days and having long position in GBPUSD results negative swap.
//
Comment your opinion and follow me to stay updated.
AUDUSD: possible scenario, H&S chart patternH&S pattern formed on AUDUSD chart.
Joining bears between 0.6885-0.6935 with 0.6775 take-profit provides decent R:R (at least around 2.2), possible that we just continue moving downwards without getting to the mentioned sell zone..
//
Follow me to stay updated.)
USDJPY: buy the rumor, sell the fact - possible scenarioI think the markets are pricing that the US-China Phase 1 deal is going to be signed, so the risk-off sentiment is still present. The idea of going short in USDJPY is based on a well-known phrase: buy the rumor, sell the fact (news).
Are we going to see the price going down? Who knows, but it's better to be prepared, if the price breaks the support zone around 109.3 price level it's decent to join bears with stop above 109.65 and profit around 108.4
(R:R=2.57)
//
Follow me to stay updated with my trading ideas.)
AUDUSD: possible trade scenarioAUD was under pressure since the beginning of the year, which was stopped last week. On Friday there was a correction move, which might provide another opportunity for joining bears.
There could be a pullback from the price zone between 0.6925-0.6965. It's better to enter a position with higher R:R, in my case the number is around 0.694, with stop above 0.6965 and 0.6885 take profit.
//
Follow to stay updated with my trading ideas!)