USDJPY SHORT H&S*Idea
Rejection of previous trading range and headed to the base structure trading range
Forex-currency
Waiting for retest at 200ema to long GBPCHFWaiting for retest and if did not break I will look for opportunity to long
Reward to risk is 6 : 1
Looking To Long EURUSD At PullbackDaily TF still uptrend and H4 now closed above 200ema. Looking to long at pullback at 200ema.
If break below the 200ema, the analysis is invalid.
Reward to risk is 3.5 : 1
Looking to short NZDUSD at Fibonacci Retracement 61.8Powell as the next Fed Chair seem to result is some pullback in the market. However, my sentiment is that dollar will appreciate in the long-term under his lead as there will still be gradual rate hike and reduction in balance sheet. U.S. economy is starting to pick up also. Nevertheless, today there is NFP data release which will show whether the employment in U.S continuous to improvement.
Looking to short if price did not break and close above 200ema and 61.8.
Reward to risk for this analysis is 8:1
Ascending Triangle NZD/JPY 1H Long. Ascending Triangle pattern on 1H Chart. NZD/USD and USD/JPY both in immediate term uptrends on their 1H timeframes as well which should provide minimal pressure from bears to hinder NZD/JPY from going higher should the pattern provide a buy signal with a break above most recent highs. Measured move for profit target comes in very cleanly at next resistance level.
EURUSD - 1D - Very Similar to The Gold TradeIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: EURUSD
Time frame: 1D
What Has Happened So Far:
This is very much like the XAUUSD trade we have on right now so I will keep it short and sweet. Price came down and hit our zone nicely. If you took a buy position it will be in profit quite nicely.
What am I Looking to Happen:
The MACD EMA's are yet to cross over which means there could be another day or two of prices rising! One thing that might act as resitance here is the Bollinger Band centre line where price currently is. If you want to take a buy position my target is below.
Target Profit: 1.1950
Stop Loss: 1.1710
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
USDJPY - 1D - Still Staying Within The Channel, Not For Long?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: USDJPY
Time frame: 1D
So USDJPY is still sticking to the range... but for how much longer? I recently just posted about possily seeing more USD strength (chart below). Since last posting this chart this pair has tried punching above the range but was rejected each time, shown in the form of "dojis" or "candle tops". I have also noticed that the MACD indicator looks like it is about to cross over, I think this is a false signal... before it does that, the two EMA's need to expand from each other once more before then trying to cross. That is the reason I am not shorting at the top of this range.
An added benefit to not getting short here, is that once it break to the upside, you can then short it with a better risk to reward ratio or better probability of profit!
DXY (US DOLLAR) CHART
EURUSD - 4H - Still Being Stubborn in its RangeIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: EURUSD
Time frame: 1D
EURUSD is still being incredibly stubborn in its range, however it could be about to break out of that range!! and it might not be the way we initially thought. After re-assessing the MACD it is starting to cross through the centre line which indicates a grind lower could be on the cards. I am no longer buying, but instead waiting for the EMAs on the MACD to clear that centre line, from there we will be able to look at getting long or waiting for some more time.
This matches up with what I think is going to happen in the US Dollar (chart below)
GBPCHF - Possible LongIt was noted that CHF could be losing strength against the GBP.
We have added Divergence as confirmation increasing the probability of this setup.
R:R, 1:1.2
Good Luck :-)
GBPUSD - Possible Long FormingIt was noted that GBP could be gaining some short term strength against the USD.
Furthermore, we have Divergence on the short term time frame supporting our trade setup and increasing the probability of success in this analysis.
Entry: 1.3050
SL: 1.3008
TP: 1.3134
RR, 1:1.9
Good Luck :-)
Ready to buy dips or break outsUSDCAD is looking pretty oversold, 1.2460 looks like a nice level to start getting long, watching 1.2740/50 area for the first target. USD seems eternally weak so I will protect profits quickly and aggressively.
EURGBP - Possible RetracementIt was noted that the EUR could be losing some steam while the pound could pick up pace to the upside on this setup.
We have Divergence in play which further increases the probability of this setup.
RR, 1:2
Good Luck :-)
AUDUSD - Possible ReversalWe have a possible reversal forming on AUDUSD.
Good Divergence in play already.
R:R, 1:2
Good Luck :-)
A red week in store for MXNWith Banxico raising rates to 7% I think $16 is a possibility for the Peso in the coming weeks.
I posted about the Peso being oversold on Friday and longed it back to $18, however I am short for the rest of the week.
