GBPUSD Long trade 4 to 1 against trendHello all - DuncanForex here with another trade idea
Similar to the USDCAD short - GBPUSD is respecting support and therefore I am long looking to go back to previous support which is now resistance.
Keeping an eye on the dynamic downtrend line in it's path, this could play out well through FOMC tomorrow before (I think) then heading lower
DuncanForex.com is now live
thanks for looking
Duncan
Tradesafe
GBPUSD - Potential Bullish Move tomorrow - Lets wait and seeHello all - DuncanForex here with another trade idea
Following todays price action, I think the market has printed a Bullish Gartley pattern on the 1 hour chart.
If the highs get broken , then my Buy stops will activate.
I am looking for more USD weakness , however looking at correlating pairs
USDCAD is very bullish and therefore could lead to more USD strength
However it is important to remember
Trading CAD, AUD and NZD against the USD is not the same as trading EUR, GBP and CHF as the first three are commodity driven currencies.
If GBPUSD gains strength and USDCAD gains strength - GBPCAD is going to fly higher tomorrow.
DuncanForex.com is now live
Thanks for looking at my trade idea
Duncan
GOLD XAUUSD - Take 2 - Long trade - 3 to 1 EntryHello all - DuncanForex here with another trade idea
Following the news spike taking the trade out this afternoon - the compression has now been broken to the upside - it could be a fakey, however if the previous highs are broken, I will be entering Long
(Same rules apply with the weekly bearish inside candle potentially resulting in a severe drop by the end of the week
Thanks for looking at my trade idea
DuncanForex.com is now live
Register now for a discount to the full course.
Thanks
Duncan
AUDUSD - Long trade ideaHello all DuncanForex here with another trade idea
Monitoring USD strength - I think there is scope for a retracement this week before USD takes hold again near the end of the week -
if the trend line is broken- I can see the price moving upwards to the next downwards trendline (or higher)
If these highs are broken on the 1 hour chart - I will be in the trade
DuncanForex.com is now live
Thanks for looking at my idea
Duncan
Gold XUAUSD Long - 5 to 1 win vs risk - could it go back up?Hello all - DuncanForex here with another trade idea
Following last weeks gold trades, I am looking to re-enter
On the weekly, it has printed a bearish inside bar, therefore I think there is scope for price to retrace lower, however short term, I think if the trend line holds and new highs are made - then this could go long short term
thanks for looking at my trade idea
DuncanForex .com is now live
Cheers
Duncan
GBPJPY - SUpertrade - 14 to 1 Weekly Trade and 1hour Entry ideaHello all - DuncanForex here with another trade idea
Following the entries already live in GBPJPY - I am looking to add to my position
I will be looking to enter on a pull back overnight against the trend line - price alerts and buy limits at the ready
If it closes as a bullish inside week candle tomorrow....
I can see GBP exploding higher next week and it could lead to a great win.
Thanks for looking at my trade idea and my related post below
DuncanForex.com is now live
Thanks for looking at my idea
Duncan
EURUSD - Long 4 to 1 Win vs Risk ratioHello all - DuncanForex here with another trade idea
Following the news this afternoon and the bullish 4 hour candle printed at major lows.
Following the retrace over the past 2 hours - I have now entered on the 61.8% retrace area
I am looking for it to head higher to the next level of resistance which would give a 4 to 1 win ratio.
Trade safe
DuncanForex.com is now live
Thanks for looking at my trade idea.
Duncan
GBPJPY - Long - 4hr trade - Buy StopHello all - DuncanForex here with a new trade idea
previous 4 hour candle high was broken and then price has dropped back below
I now have buy stops at 134.77 and if the high is broken again - I am looking to go long on GBP
It is at the 61.8% retrace of the last move upwards
This is based on short term sentiment of BoJo and also GBP positioning against Risk off sentiment.
thanks for looking at my idea
My website goes live tonight
Duncan
Bitcoin - BTCUSD - Long 5 to 1 tradeHello all - DuncanForex here with another trade idea
With Bitcoin bouncing around support and now making new higher highs on the 1 hour chart
Two ways to enter - on the break of the previous 4 hour candle high
or
a retrace to 9900 area and then a continuation upwards (will provide a tighter stop opportunity and an even better Reward vs Risk. - I will be in looking for about a 5 to 1 trade if the 4 hour highs are broken
It meets my rules bouncing off support at the 9930 area and therefore I am looking for along trade.
If 9400 gets broken - then I will be looking to short Bitcoin down to 7100 area
Lets see how it plays out.
DuncanForex.com is now live
Thanks for looking at my trade idea
Duncan
GOLD XAUUSD - 9 to 1 long tradeHello all - DuncanForex here with another trade idea.
With gold pulling back to the 50% to 61.8% area - I am looking to take more entries in Gold.
With price action over night, I am expecting it to cycle higher today.
On the 1 hour chart it is starting to make some bullish price action, - if the high on the 4 hour candle is broken, it could mean a lot more upside
Thanks for looking at my trade idea
Duncan
USDJPY - SHORT Continuation TradeHello all - DuncanForex here with another trade idea
FOllowing the daily short trade I took last week, I am now entering on the 1hr chart on a pullback.
Dynamic trend line providing resistance - I expect this to now drop a lot lower.
Trade safe as this idea, along with all my others recently are all USD correlated.
Thanks for looking at my trade idea
Duncan
GBPUSD - Long Supertrade - 7 to 1 win vs riskHello all - DuncanForex with another trade idea
with USD getting weaker (not including short term sentiment i.e. the FED rebuffing other's statements and the NFP
I do expect this to head higher in the coming weeks.
AUDUSD - if you enter on the next bounce - that is going to head a lot higher too.
My website goes live tomorrow night
Thanks for looking at my trade idea
Duncan
AUDUSD - Continuation / Compound Trade LONG 4hr chartHello all - DuncanForex here with another trade idea.
I am entering additional positions after the bullish engulfing candle was printed at support this afternoon on the 4hr chart.
This coincides with the weekly bullish pinbar and now looks like the next leg higher will occur sooner than I expected.
I am expecting some of these trades to be held for a few weeks.
Thanks for looking
Duncan
GBPUSD - 1 HOUR Trade LONG - 5 TO 1 WIN VS RISKHello all - DuncanForex here with another trade idea
With GBPUSD cycling higher on the 1 hour chart - although it is against the trend - I am looking to trade it back to resistance.
On the 4hour chart it has printed a nice inside bar and the high of that candle as already been broken.
I am expecting USD weakness now certainly until month end as we head to the FOMC date.
I have places a buy stop just above this area so if it does cycle higher - I will be in.
With AUDUSD heading higher overnight as planned, I am looking to add to my positions on correlated USD pairs.
thanks for looking at my idea
Duncan
EURUSD - LONG 4hr - multiple targetsHello all - DuncanForex here with another trade idea.
After GOLD breaking out from the consolidating triangle and heading higher - USD is weaker sooner than I expected.
Therefore, I'm looking to sell the USD>
Here is another opportunity to do that with the EURUSD>
With European PMI data coming out over the enxt few days into next week and the ECB meeting on the 25th - strengthening EUR.
With USD 50 points rate cut being priced in - USD weakness is ahead - especially with oversold indices markets.
I can see this pushing higher over the coming week
Thanks for looking
Duncan
USDJPY - Inside Day SHORT trade - could be explosiveHello all - DuncanForex with another trade idea.
With Gold finally taking it's second leg higher this afternoon - (please see related trade below) - I am in turn expecting JPY to gain strength.
if the inside day is printed tonight on USDJPY, I can see JPY gaining strength overnight and USDJPY falling lower rapidly (may even gap after 22:00 BST with lack of liquidity.)
I have entered the market at 108.10 and I'm aiming for the 105 area.
Thanks for looking
Duncan
USDCAD - Long - Daily Chart - 3 : 1 Win vs RiskHello all - DuncanForex with another trade idea
With USD gaining strength - I am looking to go long on USDCAD
I missed the 4hour bullish engulfing this afternoon therefore I am entering on the daily chart - with also a buy limit set at the 50% retrace point so if that triggers I will have a larger lot size
I am looking for 2 targets - first arrow is the downward trend line that may act as resistance.
The second is a major swing low area and further area of resistance
Lets see how this plays out.
I can see USD being strong until the FOMC rate on the 31st July and then I think USD is going to weaken dramatically and the overall trends will resume of USD being weak
Thanks for looking Duncan
EURJPY Long - Off dynamic support - will it break out higher?Hello All - DuncanForex here with another trade idea
After a couple of failed XXX JPY trades I have been sat back watching what happens next
With EURJPY bouncing off dynamic support - and with RSI showing divergence.
With Risk Off sentiment - I am looking for JPY to go higher - certainly to the dynamic resistance plotted on the chart
Thanks for looking
Duncan
UK100 FTSE - SHORT - 7:1 Win vs Risk trade ideaHello all
Following last weeks short that played out well, now it has broken through the trend line, i expect it to follow the route i have mapped out for it on the chart.
To head lower to ultimately get to 6750 as it cycles lower.
If it breaches and closes below 6500, we have a bear market (however thats a long way off and we don't know until it prints beloiw and retests it)
I have taken this trade however do expect it to potentially pull back first thing tomorrow before heading south soon after.
I have set a sell limit slightly higher to get me in on a second entry. (around 7410)
Depending on the BOE tomorrow lunch, this could plummet.
Trade safe and thanks for reading
Duncan
ETH/PAX (IDEA) NEXT BREAK 124?
TRADE SIDEWAYS NEX BREAK TO 124?
POTENTIALLY LOOKING FOR BETTER ENTRY PRICE AFTER HARDFORK.
THE TIME MAYBE CLOSER THAN THAT TO HOLD ETH FOR 2019 EOY
TRADESAFE. TRADESTABLE.
BTG starting to show divergence BTG starting to show divergence
Looking like it could be getting ready to make a move.
A great coin to keep an eye on and look at smaller time frames for confirmation and breaking of lines upward.