XAUUSD looking very promising, reaching a very nice key area creating a third leg in the massive triple top/ M formation. I'll be looking at the candles for the next 30mins-hour for reersal candlestick patterns. XAUUSD SELL Start: 1684.863 stop loss: 1693.276 take profit: 1634.344
what do you think, will it push higher or will it start lowering?
GBPAUD restested the strong key support/resistance area box. This will be a good re-entry/continuation trade for the pair. AUD news coming out in a couple hours which is looking positive which could push GBPAUD lower. Check out the 1h chart or the 2h chart and you'll see price reversing exactly at the key area box. Some good indications but if you place a...
USDCHF at the last yearly low and slightly bounced off the low with a wick break. What I'd like to see is price push 15-25 pips towards the key area (low) and continue pushing upwards. Friday is non-farm payroll which is looking rather positive so we'll see what happens. All we need to price to bounce off the key area and push up and we'll place our stop loss to...
AUDNZD doing very well, going to close for +170 pips. Long term trades are the bomb eh?
At a glance, the US indexes are looking nice for buys. I'm not too sure how to trade them other than speculation or just some technical analysis but I do know how to trade the news with them. We'll wait for BUY indications tomorrow New york session to check it out and potentially get into a BUY trade.
CADJPY at a very strong support/resistance trendline. The two hits on the trendline are almost perfect Looking for price to immediately reverse now towards the next key area which is the last high with much more potential to push towards the 38.2 % fib which is also a key area as well. CADJPY BUY start: 79.875 stop loss: 79.525 take profit: 81.123
AUDUSD BUY start: 0.66769 stop loss: 0.66413 take profit: 0.68399
EURNZD SELL start: 1.07886 stop loss: 1.71386 take profit: 1.69224
XAUUSD BUY SCALP Start: 1564.40 Stop loss: 1561.50 Take profit: 1570.00 Moved very nicely on the 15minute chart after a strong move towards the low, bottoming out at around 11:30 am EST time. Key point to put in the scalp trade.
USDCHF daily closed on a good note, staying under the trendline with two pins to the trendline. A key thing to note is pairs like EURUSD, GBPUSD, and USDCAD moved a lot for the past trading while USDCHF just stayed put...BECAUSE it very likely wants to SELL. We'll enter and see how the trade develops over the next few days. USDCHF SELL Start: 0.97700 stop loss:...
USDJPY is pretty much the same too, The trend is looking very bearish for the pair. I do expect price to move up 15-20 pips during London/NY session before it actually moves. SO we'll place two trades, one for now and a sell limit if price actually does move upwards and reverses for the perfect entry. USDJPY SELL start: 109.772 stop loss: 110.325 take profit:...
I have a bullish analysis on the current structure CHFJPY has made so far, price is at a somewhat strong trendline. we'll enter the buy now as the spinning top candle that was just formed looks promising. If we get a breakout of the trendline within the next 12-24 hours, the trade will not be valid anymore and we'll close it to start the bearish trend towards the...
With EURNZD, we have good potential for buys but there seems to be a little backlash if we get into the buy now. Price just broke the key area of 1.70479 and retested that key area on the hourly timeframe. Though looking at the bigger picture, I slapped on a Fibonacci and a strong key area box and we have price reversing towards the high at the 50% fib. This is a...
Bitcoin (BTCUSD) broke a strong key area box and is currently below the bottom of the key area box. This is a good indication judging by the limited but strong price movements the past few years. Sells in play, let's see how it plays out. BTCUSD SELL start: 7333.10 stop loss: 7654.92 take profit: 6118.00 Want to be updated live on the trade? Join the community...
Never traded natural gas before but price currently is at a very strong support area and the ascending trendline. This trade is more based on the history of the commodity, an idea. A long term trade that has the potential for 2000 pips or a loss of 200 pips. Why is the target all the way up there? Well in you back on the daily/weekly charts, price moves up and...
I'm actually cheesed that we missed this sure-fire BUY trade on NZDUSD. Price continued pushing towards the low and FINALLY, it hit the trendline yesterday. I was not feeling well to trade yesterday and as a result, did not trade. oof. for now, we'll have to wait for another entry for a buy in the coming days.
USDCAD looking nice for sells, trendline almost hit. If the daily close is below the trendline, a correction likely incoming and with the USD news coming out tmr, all we have to hope for is the news align with the analysis. Let's goooo