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Swisspips

Gold (XAU/USD): Triangle? Selling the breakout! (~ 1% trade)Hey guys, Following my last post on Gold (click on the related idea below if you haven't yet!), where I was bearish, it seems price has been consolidating here and there for a while. The initial impulse (orange arrow) to the downside was strong, with a drop > 2.5% in one single day. Gold's price pulled back to previous key levels (Daily pivot points) but didn't manage to go higher, thus creating a potential triangle pattern. The idea is to sell the breakout and target the next untested demand, as shown in my chart, around 1870-1871.50 levels. I will monitor the position with a stop loss should price come back inside the triangle again. The R/R ratio for this trade is slightly above 3. Trade with care. If you do like my ideas please leave a comment or show some ❤, it's always appreciated. Best, Jesse
OANDA:XAUUSDShort
by SwissPips
6
GBP/CHF: Bought at market price (nearly 40-pip trade)Hi guys, The pair is showing some bullish momentum since this morning. According to the ICHIMOKU CLOUD, it could potentially reach the next untested resistance in the next hours. The Lagging Span on the hourly chart has no real obstacle and the 15-min chart is showing bullish signs as well (price above the cloud, Lagging Span above the price, future KUMO green = bullish). The R/R is slightly above 2 for this trade. Trade with care, Jesse
Long
by SwissPips
AUD/JPY should test its highs again in the next hours Hey guys, The pair is currently in a flag inside what looks like a broadening formation (megaphone). Based on the Ichimoku Cloud, we can see that the price is supported by a thick daily cloud and is currently above all its clouds as well (H1, H4, and Daily) suggesting that it will sooner or later test the highs again. I am already positioned in this trade, but a more conservative strategy would be to enter as soon as the flag is broken to the upside. The target is the high of the megaphone which is also nearly the highs over the last month, at around 84.550. So an 80+ pip trade. Trade with care! Jesse
Long
by SwissPips
GBPUSD PREDICTIONFor the first time in months I'm excited to trade GU this week! So on the daily, we have a bullish pennant whereas on the 4hr we have a Head and Shoulders. What does that mean? Simple, we don't take the sell, as that goes against our higher timeframe bias as we're still in an uptrend due to higher highs and lows. We wait for that neckline to be breached and for the magic to happen in the orange circle, taking buys all the way up. Magic? 3rd touch of trendline. Golden 61,8% Fib area Daily support. 3 great confluences for buys! Sells if the pennant is broken.
Long
by RealistFX
GBP/JPY: Approaching a confluence zone, what to do ?Hi guys, I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone). Price is also currently above its pivot level. I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 70+ pip trade. If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late. Check out my previous ideas as well. Trade at your own risk
Long
by SwissPips
EUR/NZD forming an inverted H&S pattern, HUGE potential !Hi guys, We have a very nice inverted H&S pattern forming. As you can see both shoulders are perfectly aligned and the pair looks ready to explode once the neckline is broken. It could be interesting to buy the pair once this neckline is broken. Or enter at the market in anticipation of the breakout. The projected target is about 175 pips at 1.71400. Trade with care! Please like/comment if you appreciate my ideas. Best, Jesse
Long
by SwissPips