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SELL-IDEA

TRADE IDEA, SELL AUDCHFSWING TRADING JOURNAL Not to clear actually, but if you want to sell AUDCHF, I think this is the best spot to SELL My Setup; SELL AUDCHF somewhere at Green Box, if you can get higher price, that's would be nice SL above 0.68640 Final TP at Blue Box Manage this trade with your trading style, maybe you want to; 1. Close your position early (at 1R, 2R or any profit level) 2. Move your SL to break even 3. Scale out 4. Trailing stop 5. Re-entry if bearish structure still valid 6. etc No Profit Guarantee, Good Luck!
Short
by microfx
AUD/NZD: 5 major reasons for a sell + TechnicalsTECHNICALS: AUD/NZD is trading at a major daily resistance level and started to form a bearish wedge pattern on the H1 chart, where a fresh lower high is already evident. The bearish wedge formation signals weakness in the recent uptrend, with projections above previous peaks failing to move significantly to the upside. A break below the bearish wedge provides a selling opportunity in this case. POSITIONING: Latest CoT report shows that both the AUD and NZD positioning is mixed, with some market participants increasing and some decreasing their bullish bets. CORRELATIONS: Australian and New Zealand stock market ratio is bearish for the pair. There is a huge gap to close here, which can be seen on the chart. INTEREST RATES: Also on the correlations chart above is the interest rate differential between 2y AU and NZ yields. Again bearish for the pair. UPCOMING ECONOMIC REPORTS: Wednesday - RBNZ monetary policy meeting. Given the recent strong labour market numbers coming from New Zealand, and their handling of the pandemic (no new cases), the meeting could be more hawkish (or less dovish, if you like) than expected and support the NZD. == SUMMARY == My traders and I will look for selling opportunities in this pair. Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks!
Short
by MujkanovicFX
GBP/USD: Pound is still strongToday's update on the GBP/USD pair. TECHNICALS: Cable faced some strong demand in the last few hours after reaching a major H1 structural support. Recently, the H1 downtrend showed strength and accelerated to the H1 support, but the pullback formed a higher high and doesn't really show much decision to break below the 1.3013 level. A break below the 1.3085 structural resistance could push the price to 1.3122 and 1.3170. POSITIONING: Pound remains in demand with the total bearish positioning decreasing the previous week among all reported market participants. Open interest stays at 1.4K. INTEREST RATES: Interest rates are showing a slight bullish divergence with the price which could provide some support in the short run. RISK SENTIMENT: Risk appetite is mixed to slightly positive today, with most major indices closing in the green, and safe-havens slightly lower. This could provide some support for the pair. UPCOMING ECONOMIC REPORTS: No major economic reports scheduled for today. == SUMMARY == My traders and I remain bullish on GBP/USD. Friday's USD strength is slowly reversing today as expected, but we need a close above 1.3085 (fresh HH) to consider a buy. Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks!
Long
by MujkanovicFX
EUR/USD: Possible Buy Setup ✅Hi traders, here's a quick overview of the EUR/USD pair. TECHNICALS: The EUR/USD pair had difficulties to break above the 1.14 level and entered into a correction phase, forming fresh Lower Lows and Lower Highs. The 1-hour chart suggests that a retest of 1.12 is possible, after which the pair could continue in the direction of the medium-term uptrend. POSITIONING: Positioning numbers show a strong increase in EUR bulls and an overall bullish bias on the currency in the last few weeks, while the US dollar remained a sell as investors cut their bullish positions. INTEREST RATES: Short-term yield divergences pointed at further weakness in the pair already at the 1.13 level. As the sell trade reached our profit target, we're looking for a buying opportunity at the moment. (Check our previous post: EUR/USD: Three signs of a 1.12 retest )
Long
by MujkanovicFX
GBPNZD HF TREND BREAKOUT POSITIONS (BULL OR BEAR? )Here in GBPNZD, we have a strong support zone & according to my experience in Forex Market it will fly over 400pips this time as it's possible 60-70% over Long term. What if it remains in its trend & break the Support Zone it will probably fall till the last support level and take rest there. In short it will move 100 pips up & down to remain in trend. But IN wave Analysis it is falling on Long Term. Be careful on Fundamental analysis, as by fundamental it may even carry on falling. Resistance at @2.0817, @2.0450, @2.0100 & support at @1.8412, @1.9145, @1.9333. I hope This has get you a clear idea about GBPNZD moves.
Long
by PremiumAbd
EUR/USD Technicals: 1.14 is on the radar! The EURUSD pair has arguably been the highlight in the FX G10 market in the recent days. Printing its 9th bullish day, it looks like there's nothing to stop the pair reaching 1.14, followed by 1.1450, where sellers could finally decide to join the market again. However, current levels don't provide an attractive entry point in term of risk/reward. A pullback to the 1.1150-1.1200 area could be used to enter with a long position again for those traders who missed the move. My traders and I have been long on the pair since 1.11xx, and closed our longs after the strong initial spike immediately after the ECB meeting. We've also entered with a new short at 1.1260 and closed our short at 1.1230, for a quick "Buy the rumor, sell the fact" trade. This one has also played out well.
Long
by MujkanovicFX
GBP/USD Technicals: Difficulties to break 1.26The GBP/USD pair trades near an important resistance at the 1.26 level, where bulls seem to have difficulties to push above. The level aligns with a strong horizontal resistance that dates back to April 14th. The pound also reversed today's losses, forming a bearish candlestick pattern that could push the price lower in the coming period. Whether the pair will break above 1.26 mostly depends on the outcome of Brexit talks tomorrow. I see the possibility of a retest of the lower 1.25xx levels. The 1-hour chart shows a double top pattern, which could send the pair lower ahead of the Brexit headlines tomorrow. Any positive news, and we could see further upside movement as market participants cover their shorts (there's a currently a heavy bearish positioning on the GBP).
Short
by MujkanovicFX