AaronSLuce

AaronSLuce

Wow, what a crazy move today for Gold. I was watching to see if we could close above 1600.00 area before taking a trade and this morning it has done exactly that! I took profits just a few pips before we tried to touch the 1650.00 area. So I will now be watching to see if we can break the 1650.00 area or I'm thinking we may see a drop back down to find support...

AaronSLuce

EURGBP taking a short trade after expecting weakness in the EURO but waited patiently after seeing such strong momentum in the currency last week. Trading simple price action here, looking to take it back down to the monthly level of 0.8500

AaronSLuce

Gold has just dipped back under the 1600 level and is now starting to show signs of a potential push up higher. We did see a small fakeout of the daily trendline but pushed back up early on the market open. Can see a nice Fibonacci retracement back down to the 38.20% area, retested the broken trendline, but I'm not jumping into taking this back to the upside just...

AaronSLuce

First trade of the week, take profit hit. This was only a quick hourly trade for me, took after seeing a fakeout on this consolidation zone, failing to create a higher high and then waited until we found resistance at the top before playing it back down to the previous support level which it tapped perfect, as expected. Overall for GBPNZD, I do think we will...

AaronSLuce

Looking on the weekly chart, if we can hold this current area where we saw previous lows, this will be a very strong push to the upside. As we know the higher the time frame, the stronger the pattern and we can see a very nice head and shoulders pattern just in the right shoulder at the moment. To add to this we can also see a weekly Doji candle so this is...

AaronSLuce

I have been waiting for this trade for a while now, the pair has been catching retail traders on the wrong side for the past week, however, I decided to stay out, trying not to "catch a falling knife"! We saw a big final push on Friday, rejecting the weekly support of 0.6500 along with a 4 hourly pin bar candle. We are seeing now upside on the hourly chart...

AaronSLuce

I am watching and will be taking a trade if we can pull back up and create a lower high as well as a touch of the trendline with the possible rejection of the 1.3000 resistance level. We are in a strong Weekly uptrend but at the moment we are having a weak retracement. Looking on the Fibonacci from the low of 1.19566 to 1.35086 we have just tapped and rejected...

AaronSLuce

Looking for an intraday short trade on EURUSD to the downside of the previous low that matches up with the 68.8% Fibonacci level. The Fibonacci also matches up well with the overhead resistance levels. However, I am still in the bias that overall and longterm we will see this pair breakout to higher highs. EUR is in my main focus this week as these big pushes...

AaronSLuce

Weekly: Approaching weekly double bottom with daily 3 touch pattern at structural lows, looking for that medium term hold to top of larger bear flag Daily: Daily wick down at the double bottom over-ride, looking for LTF reversal's careful not to catch a falling knife (like AUDUSD) as it could continue to trickle down to outer structures - which would work out...

AaronSLuce

We saw a rejection of the monthly support level of 145.00. I am now watching to see if we can fulfil the above Fibonacci level to take the sell on this pair.

AaronSLuce

In the long run, I think we will see a sell-off but for now, I am watching to see how we react to the drawn level looking to take a long to the outer structure.

AaronSLuce

After seeing EUR/CAD break the Daily trend, we are now starting to see some signs of reversal, which will be great for a long-term swing trade on this pair. I am watching to see if we can find support at the drawn levels to confirm these signs first.

AaronSLuce

EUR/GBP is looking great, I will be watching to see if we can have another rejection of the 50% level or ideally I would like to see if we can come down as far as the 61.8%. We can also see how the Fibonacci matches up with our overhead resistance perfectly. This will be the first profit target, but another pair that could be a great long-term play!

AaronSLuce

We are starting to see a very clear and obvious squeeze as we retested previous lows on the Daily. The lower time frames show an even clearer pattern for the upside push. I will be looking to take a risk entry on this falling wedge, expecting a breakout! One of my favourite trades for the week ahead!

AaronSLuce

I am seeing this pair to come to the downside with a strong retrace on the daily candle. I will be looking for a clear 1hr flag before the sell-off. USDJPY couldn't break the previous highs which means this price action may be the start of a larger channel to break the high before the drop.

AaronSLuce

Looking on the daily, I am looking to see USD/CAD price push lower within the current area, the target being the edge fo the current patter. We have started to see the first drop but not a big impulse, although we can still continue to push lower if we form a clear flag for further downside.

AaronSLuce

We are now seeing some move to the upside and I am expecting even more especially with the DXY showing signs of downside. I am watching to see if we start to create a larger flag for more downside or whether we are seeing the turning point from here. The first flag forming will be a much clearer play!

AaronSLuce

The DXY is looking very clear now, especially at this double top area. Just broke the high of the double top and on the Daily we had a big impulse up followed by a completed retrace, catching people on the wrong side! We saw a breakout of an uptrend channel and are now seeing the DXY push lower. Usually, after this big impulse to the downside, we will see a...