Price has broken out of a symmetrical triangle on the daily timeframe. On the 4hr timeframe price has broken and retested old support as new resistance. The bears have came in after the rejection of new resistance. Here is the play I will be taking on this pair: PAIR = AUDJPY ORDER TYPE = SELL STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY...
Aud/Chf is currently in a downtrend on the daily timeframe, Price has rejected the 61.8 Fibonacci level multiple times and now has a very large engulfing bear candle. Here is the play I will be taking on this pair: PAIR = AUDCHF - SELL ORDER TYPE = SELL STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 0.65143 STOP LOSS = 0.66103 = 96 PIPS...
This pair has a descending triangle and is currently back at the support zone it has not be able to break from previous attempts in the past. On the lower timeframes (1hr, etc) there is a bounce off of the golden zone of Fibonacci and I am looking for this pair to continue pushing up. Here is the play I will be taking on this pair: PAIR = NZD/CAD ORDER TYPE...
Price for gold is currently consolidating in a major support zone. I am expecting price to break out of support and head back to resistance. Here is the play I will be taking on this pair: ORDER TYPE = BUY STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1812.44 STOP LOSS = 1804.55 TAKE PROFIT = 1828.64
Price is currently falling from a major resistance area on this pair. I have a golden cross on the MACD and the RSI is also curving downwards from the Overbought state. Here is the play I will be taking on this trade: ORDER TYPE = MARKET SELL NOW LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 156.911 STOP LOSS = 158.502 - 155 PIPS TAKE PROFIT = 154.276 - 261 PIPS
Price has broken out of the resistance zone on the 4hr timeframe. I am expecting price to continue moving up. Here is the play I will be taking on this trade. PAIR = GBP/CAD ORDER TYPE = MARKET BUY NOW LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1.73027 STOP LOSS = 1.72551 - 49 pips TAKE PROFIT = 1.74607 - 158 pips
Looking to take advantage of price breaking out of a downward channel resistance zone. Price has not broken the zone just yet, but it has bounced off of the 38.2 fib level with a convincing wick so I am will take enter the buy now (a bit prematurely) for that reason. Here is the play I will be taking on this trade. PAIR = EUR/CHF ORDER TYPE = MARKET BUY...
Price has broken the uptrend line on the 4hr timeframe for this pair. There is a small level of divergence as well on the chart and rsi. The MACD is also curving in a downward motion after giving a golden cross. Here is the play I will be taking on this pair: PAIR = CAD/JPY ORDER TYPE = MARKET SELL NOW LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE =...
On a daily time frame there is a downward channel leading into a major support area. I am expecting price to balance off of the support line of the downward channel where it currently is at the moment and break out of the channel heading to the next level of resistance. RSI indicator is coming out of the oversold state as well as the MACD showing a possible...
Major Descending Triangle on the Higher timeframes for this pair. I am simply trying to catch the falling momentum coming off the resistance trendline even though the best trade would be to wait until price breaks out of the triangle in whichever direction it decides to break out of. Here is the play I am taking on this trade: PAIR = GBP/CHF ORDER TYPE =...
Price has been in a long term uptrend on this pair, but recently it had broken the uptrend line and pulled back close to the 38.2 fib zone again. Price could still fall a bit more but at this moment I am expecting the buyers to step back in as I have a golden cross about to form on the 1hr chart, and price is coming out of the oversold area of the rsi on the 4hr...
On the weekly timeframe price formed a M or (double top) pattern and has been falling ever since. Currently, price has broken a major support area and is now retesting it as resistance. It is possible that price can break back into this old support zone and start going up, or after retesting the zone as resistance it can fall from there. I am looking to...
Price has broken above the resistance line of a descending triangle with a convincing bull candle. Price is also coming from a major support zone, will nothing but space an opportunity for it go back up to the resistance area. Here is the play I will be taking on this trade: PAIR = CAD/CHF ORDER TYPE = BUY NOW LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE =...
Since March of 2021 this pair has been in somewhat of consolidation. constantly hit support or resistance and reversing from it like clockwork. Price is currently in the support area and has broken out of a descending triangle on the 1hr timeframe with a massive bullish candle showing on the daily timeframe. I expect price to reach back up to the resistance...
We have a beautiful Head and Shoulders pattern on the Monthly Timeframe, Price has also broken the neckline of our Head and Shoulders. I expect price to fall most of the year for this pair as it has taken a very long time to form this Pattern on the Monthly Timeframe. I am waiting for a pullback to the new resistance area, then I will wait for the bears to...
I am shorting gold as the 4hr timeframe has major divergence on the RSI and there is a nice head and shoulders pattern on the 1hr timeframe. Price has also broken below a major support zone and has already retested it as resistance. Once price breaks the neckline of the Head and Shoulder pattern it should fall. Here is the trade I will be taking on this pair....
Taking this trade on the GBP/USD simply because it is currently in a up trend on the monthly timeframe and has retracted off of the 38,2 fib zone. Here is the trade I will be taking on this pair: PAIR = GBP/USD ORDER TYPE = MARKET BUY NOW LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1.34408 STOP LOSS = 1.31466 - 258 PIPS / $25.80 LOSS TAKE PROFIT = 1.43741...
I am both long and short on the GBP/AUD From the higher time frame price is in a uptrend On the daily timeframe a ascending triangle has formed and I am waiting to see which direction price breaks out from there. I have 2 pending orders in place to catch the move going in either direction. Here are the trades I will be taking on this pair: ORDER TYPE = BUY...