Fxsignals
EURO Short SignalNew Signal
EUR/USD
Sell, Short
Entry: 1.0999
Stop-loss: 1.10250 (-26 pips)
Target: Open
This is a risky trade. Short interest is up 32% today alone for Euro sell positions. I feel from backtesting that 1.1 is a strong enough price for supply to suppress volume, making the overall bias as bearish. We're joined by a lot of other retail traders in taking this trade, which can result in being targeted for stop-hunting. If we are stopped out, re-entrys are planned.
AUDUSD Retains Its Broader Downside Bias AUDUSD threatens further downside pressure as it sold off on Tuesday. On the downside, support lies at the 1.6650 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level where a violation will set the stage for a retarget of the 0.6500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.6750 level where a breach will aim at the 0.6800 level. Below here will open the door for a run at the 0.6850 level and then the 0.6900 level. On the whole, AUDUSD faces further downside threats medium term.
EURCHF - Selling strength this morning.DAY TRADE - EXPIRES AT 9PM
Trade Idea
Broken out of the triangle formation to the downside.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
We look for a re-test of the upward trending resistance.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1105, resulting in improved risk/reward.
The conflicting views have resulted in the immediate outlook being hard to interpret.
We look to Sell at 1.1105
Stop: 1.1125
Target 1: 1.1055
Target 2: 1.1020
#GOLD 4H ChartIn the next 3 candles we could see if the price support the $1320.00 zone (also the blue moving average) for a bull momentum looking for $1345.00 zone or if the price break below the $1320.00 we can have a pullback. But remember we are in a bull trend so stay cautious if you are in short positions.
Also we need a break of $1327.19 (blue choppy resistance) for the confirmationto the upside...
Will keep ypu update ...Good Vibes
EURJPYAfter the shorts taking last week, I am looking looking for more entries with good risk to reward ratios that can then allow us to maximize on this pair.
Scenario 1:
Bulls gain a bit of steam and allow for a pullback all the way to the resistance marked in yellow/orange (126.153 region). Once we reach this level, I will have a sell stop placed below the bearish candle that forms around the level with my stop loss above the level and finally my tp extended to the last support (123.869) drawn in on the chart.
Scenario 2:
If this fails (very possible as we do have news coming from the BoJ that could swing the yen in either direction) market will close above my yellow resistance and possibly begin moving up. In this scenario, I will sit on my hands and update my chart as the candles continue to form
eurusd shortClear break of support (1.12479) followed by a good retest.Expecting market to now head down to my region of support (1.11965) where we could either see the Euro regain some strength and push the pair back up before the major short or we can see the bears take control of the market and break the supportive region which will allow for a long term short to occur.
GBPUSD SHORTClear breakout of the triangle pattern presented to us by the market. before going too heavy on shorts, I am still expecting some pullbacks to occur. Another thing I am watching out for that could lead to potential USD weakness is the fact that the GDP data which is being released on friday might be dovish and cause a slowdown for the dollar.
Nothing much is happening with brexit besides the fact that we are actually getting nowhere really with the discussions. This (I believe) is also starting to have a bearish effect on the pound as the hype is clearing up.
CHFJPY SHORTGreat resistance bounce followed by a triangle breakout on the lower time-frame (H1) giving us a good short opportunity with good risk to reward ratios.
I have placed 2 different trade setups on the chart one with a wider stop-loss and take profit which gives room for any retracements which may occur. The second setup has a tighter stop-loss and is more for those who do not like holding positions for too long. Remember though, the tighter the stop, the more likely it is to hit