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Necklinetrader

NZDUSD | Live position reviewAfter price action has hit our stop loss at 0.63350 where we locked in around 54 pips profit. Considering the long term bearish momentum on this pair (see the daily time frame for reference purposes or previous broadcast in the link below); The current consolidation phase (that has lasted over 24 hours) on the 1-hour time frame is looking more like a reversal set-up is evolving as I wait for a breakdown retest of neckline for signal and confirmation to join the potential decline. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
AUDUSD | New perspective | Follow-up detailsThis is a follow-up detail on the publication shared during the weekend (see link below for reference purposes), where we already have a counter-trend opportunity running with over 160pips (2 positions) in our favour. With the current consolidation pattern projecting a triple top look-a-like structure since yesterday morning, I am anticipating the confirmation of a reversal pattern in the form of a breakdown of structure to signal a bearish momentum right below the key level identified at $0.7000 ( a very strong psychological level). Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4
NZDUSD | Perspective for the new weekNZDUSD is down by more than 9% since the beginning of April 2022. With the pair looking increasingly oversold as the appearance of a reversal pattern on the 2H timeframe could probably be signalling the incitation of a retracement wave into the major bearish trendline identified on the daily time frame or we might be having a downtrend continuation right below the key level at 0.62700 in the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
GBPNZD | Perspective for the new weekFrom a technical perspective on the daily timeframe; the strong bearish impulse leg will be our yardstick going into the new week as we should be looking forward to the exhaustion of the retracement wave to join the decline. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPAUD | Follow-up detailsThis is a follow-up detail on the publication shared during the weekend (see link below for reference purposes), and the price appears to be moving as expected as we are right at the area where we were expecting to do a temporary sell opportunity at 1.764... In the video, I have explained what my plans are going to be in taking advantage of the selling momentum if it finally happens. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPUSD | New perspectiveThe appearance of a reversal pattern on the 2H time frame coupled with recent bullish traction across GBP pairs, we might be looking forward to a short term recovery and a profit target at a point where the bullish trendline (identified in the 2H timeframe) share a confluence with the key level at 1.26. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
USDJPY | follow-up detailsThis is a follow-up detail to my previous speculation about this pair (see link below for reference purposes). So in this video, I explained how I plan to take advantage of a buying opportunity. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
GBPCHF | New perspective | Follow-up detailsPrice is currently sitting on a strong demand zone and I am of the opinion that we might be going for a short term uptrend. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
USDJPY | Perspective for the new weekUSDJPY traded up and down as participants anticipate Fed speak during the course of last week's trading session after which we witnessed a spike down into the buy opportunity area around 128.5 that we identified at the beginning of last week's trading session ( see link below for reference purposes - Following the test 128.5 was the appearance of a reversal pattern which might be the basis for a bullish bias going into the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
XAUUSD | Perspective for the new week | Follow-up detailsDespite falling sharply at the beginning of the week and touching its weakest level since mid-February at $1,850, the yellow metal managed to stage a rebound in the second half of the week to close above the new key level identified at $1,880 which shall also be our yardstick going into the new week. With over 4,000 pips during the course of last week's trading session (see link below for reference purposes); it appears we are at another juncture in the market where another bullish opportunity is lining up for us. Using the bullish trendline identified on the higher time frame as our guide, it is proper that we look for opportunities above this level going into the new week as a breakdown of this line could negate any bullish bias. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
1
AUDCAD | Perspective for the new weekAUDCAD has straddled a 6.8% price corridor since the start of the year, giving us, at first sight, a bearish bias considering the bearish trendline identified on the daily timeframe. However, the appearance of a reversal structure and breakout out of structure signal on the 4H timeframe; the possibility that price might break out of the bearish trend line the second time to set the tone for a bullish momentum in the coming week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
CHFJPY | Perspective for the new week With the significant growth of 10% since February 2022; the Swiss franc can be said to be the dominant currency during the first quarter of 2022. We have two scenarios to work with as the possibility that a trend continuation to the upside is feasible and at the same time there is a possibility that a breakdown of the key level at the 132 area could be a consequence of the reversal pattern identified on the daily time frame which might incite a retracement wave into the buy opportunity zone at around 128 where we shall be looking forward to the beginning of new bullish momentum. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
EURCHF | Perspective for the new weekDespite the obvious that the Euro continues to fall inside the 4H and daily time frame. The major bearish trendline on the daily and weekly timeframe could be a signal for a counter-trend opportunity as I suspect price action might work its way into this line before a downtrend continuation happens. Meanwhile, structures on the 1H time frame appear to support a bullish momentum as a breakout/retest of the structure during last week's trading session appears to confirm buyers are beginning to have confidence in the Euro going into the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
XAUUSD | New perspective | Follow-up detailsThis is a follow-up detail on the Gold speculation that was published 2 days ago (see link below for reference purposes) where we were able to lock in over 4,000pips profit and it appears we are back into a structure where buying opportunity is lining up one more time. With a reversal structure and a new bullish trendline identified on the 1 H time frame; we will be using these structures to guide our bullish intentions going forward. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
GBPUSD | Live position review | Follow-up detailsWe were unable to make some money yesterday as our bearish set-up was disregarded later on in the day as stated in the comment section (see link below for reference purposes). Now, we have been witnessing a consolidation phase since the beginning of the month which appears to be transposed into a reversal structure clearly seen in the 4H time frame. With the appearance of a bullish engulfing candle springing out of the structure during the course of yesterday's trading session; a bullish momentum might be unfolding before our eyes with the intention of inciting a retracement wave of the bearish impulse leg identified on the 4H time frame. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURAUD | New perspective (counter trend opportunity)The reversal structure identified on the 1H time frame is probably going to incite a retracement of the Impulse leg after which a trend continuation might begin. NB: It is pertinent that we remain conscious as a breakout of 1.495 could encourage a bullish momentum Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPCHF | Live position review With a strong demand zone at around 1.21 zone since the beginning of March 2022; we should be expecting a bullish run following the appearance of a reversal pattern within the demand zone. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURAUD | New perspectiveDespite a long-term downtrend scenario on the higher timeframe, I am of the opinion that we might be on a verge of a bullish surge in the near future. In this video, I explained how a rising reversal pattern is identified on the 4H time frame where the breakout of structure yesterday might be a signal for an upside move. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPAUD | New perspective | folow-up detailsA follow-up detail on the GBPAUD that was published in the course of last week's trading session (see link below for reference purposes) as we closed with a minimum of 150profits move in our last trade, the retest of the neckline of the reversal structure we identified on the daily/4H time frame will be a bullish confirmation. Then it is most appropriate that we lookout for bullish momentum from this area (1.76000) in the near future. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
XAUUSD | New perspective | follow-up detailsA follow-up detail on the XAUUSD that was published sometime last week (see link below for reference purposes) where we expected the price to respect the bullish trendline but unfortunately we witnessed a significant breakdown of this line to send the price crashing. So price is back within the buying opportunity sone we identified earlier in the month and with the appearance of a reversal structure on the lower time frame, I am looking forward to a breakout of structure to signal an uptrend continuation. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
EURJPY | Perspective for the new week | Follow-up detailsA follow-up detail on the EURJPY that was published earlier today (see link below for reference purposes) where we expected the price to come down into the key level area at 137 area. At current structure is supporting a reversal pattern right above this key level where we want to be looking for an opportunity to buy the Euro. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPNZD | New PerspectiveWith the identification of a reversal structure on the daily time frame coupled with a linear bullish momentum on the 4H time; I am left with no choice but to consider a bullish expectation on the GBPNZD. In this regard, the key level at 1.93 shall be our guide to taking a buy position as we look forward to a breakout/retest of this level for signal and confirmation. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
3
GBPAUD | Follow-up detailsIt is very pertinent that we remain patient and conscious on this pair despite the high expectation of bullish momentum in the near future. With a Key level identified at 1.756; it is required that we hold on and see where the retracement of the impulse leg will end as the end of this retracement will be our justification to enter a rally. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry