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USDCAD bull retracement Base on what I uploaded yesterday, I’m expecting USDCAD to make some bearish move of which the move as been gotten already but the problem is that the bearish move expectations is not yet completed already, this implies that, I still need USDCAD to gain some liquidity downward before the bullish run. Though, anything is possible in the market but let’s calmly wait for the final output from the market. The chart below is a pictorial expectation of USDCAD.
Long
by Bolems
GBPUSD Trend line trading. If you’re steadily following my daily publish you’ll discover that, the market is steadily obeying some key levels. Studying the chart on a 1H time frame, I can see a feasible 30pips bull run from this current state. Tho, no strategy is 100% current but with my view, the market changed structure from the bearish movement to an invisible bull run. I used the word invisible mainly because the high of the previous week as not been broken and today’s daily candle closed at indecision. I hope today’s market will share much light on the exact direction of the market. But for now, trade safely or wait till tomorrow’s London or New York session.
Long
by Bolems
USDCAD elementary trading structure Base on our expectation yesterday, we expected the USDCAD to obey an ICT trading pattern then go bullish but unfortunately, yesterday’s market decision shows that USDCAD is critically obeying an elementary trading pattern. USDCAD is critically following a trend line with a good market structure of higher highs and lows. The structure structure of the market is giving us a more highs from USDCAD this week. Then, we’ll calmly wait for the USDCAD to obey the trendline for the very last time and form a bullish engulfing before entering the trade.
Long
by Bolems
GBPUSD breakout Yesterday’s market shows that GPBUSD as been ranging throughout the day. The market was unable to break the high of a day before and like wise unable to break the low as well. The analysis as shown that GPBUSD is gathering up for a volatile breakout. The breakout in GUBUSD should be Carried out between today’s market or a day after. No concrete evidence yet to explain the main direction of the breakout but it is expected that it might still obey some psychological levels before the breakout. Expecting a bearish during the Asia session, short bull in the London session then NY session can now decide the direction of the breakout.
Long
by Bolems
Symmetrical Triangle Setup on AUDJPY with a Target of 83.50Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The FX Cross AUDJPY appears to be in a symmetrical triangle setup with the support line along the higher lows of 77.87 and 78.80 while the resistance trend line is at 82 and 81.35. There appears to be a breakout in the resistance trend line. Expectations are for AUDJPY to rally towards 83.50. Failure of this move will be observed if AUDJPY declines towards 79.75. Technical Indicators AUDJPY had positive crossovers on its short (50-MA) medium (100-MA) and long (200-MA) fractal moving averages. The FX Cross is trading above these respective MAs. Technical indicators are also complementing the bullish nature of the current setup. The RSI is trading above 50 while the KST recently had a positive crossover. Recommendation The recommendation will be to go long at market, with a stop loss at 79.75 and a target of 83.50. This produces a risk/reward ratio of 1.35. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in AUDJPY.
Long
by Ceddy86
1
Symmetrical Triangle with Breakout in NZDJPY Towards 78.50Trend Analysis The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup will be observed if NZDJPY were to decline to 76.855. Technical Indicators NZDJPY has positive crossovers on its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. The RSI is greater than 50 and there has been a positive crossover on the KST. Recommendation The recommendation will be to go long at market, with a stop loss at 76.855 and a target of 78.50. This produces a risk/reward ratio of 1.48. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in NZDJPY.
Long
by Ceddy86
Outlook on Gold: Pullback presents an opportunity to buy Prices are holding well above the daily support, and we are seeing consolidation on the H1 time frame along with a clear break of structure above the recent high. A pullback to test the support zone at 1752, in line with the 78.6% retracement presents an opportunity to play the bounce with 1769 as the resistance target. Keeping in mind the daily time frame echoes a more bullish view, a break above the 1769 resistance target could see prices extend its rally.
FOREXCOM:XAUUSDLong
by Salzworth