NZD/USD is currently in a uptrend on the higher time frames. It is bouncing off of the 38.2 Fibonacci level and I expect it to go up from there. Here is the trade I will be taking on this pair: ORDER TYPE = MARKET BUY NOW LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 0.68229 STOP LOSS = 0.66510 - 192 PIPS - $19.20 LOSS TAKE PROFIT = 0.74809 - 637 PIPS - $63.70 GAIN
USD/CAD currently is in a uptrend and has been since Oct. It has bounced off the 38.2 Fibonacci level and is closely about to bounce off a uptrend line. I am looking to get 300-400 pips off this move. Here is the trade I will be taking on this pair: ORDER TYPE = BUY STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1.28455 STOP LOSS =...
USD/JPY has a upward channel on the weekly and daily and is currently at a resistance zone that it has not been able to brake since oct 2017, I am expecting price to drop from the resistance zone at least 400-500 pips and even more long term. Here is the trade I will be taking on this pair: ORDER TYPE = SELL STOP LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE =...
CHF/JPY has a strong upward channel that has been respected since April 2020 it is currently at the resistance area of the channel and looks promising to fall back down to the support zone of the channel. Here is the trade I will be taking on this pair. ORDER TYPE = SELL STOP LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 124.209 STOP LOSS = 124.957 - 74...
EUR/CAD is currently in a downtrend from the higher timeframes It has broken a support zone and is currently retesting that zone as resistance. Price has already broken the uptrend line on the 1hr timeframe. I have placed the following sell stop order to take advantage of the move if it continues falling. PAIR = EUR/CAD ORDER TYPE = SELL STOP (PENDING...
AUD/CAD is currently in a downward channel Price has stalled and traded sideways for the past 2 days at a resistance zone. I am waiting for price to break below the uptrend line on the 1hr timeframe which is extremely close to doing so at the moment. I have set the following pending sell stop order to capitalize off the trendline break. PAIR = AUD/CAD ORDER...
Gold is currently at a Resistance Zone but showing promise of breaking it. I have placed the following pending order for if price does break above the resistance zone. PAIR = XAU/USD LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1812.00 STOP LOSS = 1798.31 - 1369 TICKS / $13 LOSS TAKE PROFIT = 1870.70 - 5870 TICKS / $58 GAIN If price does not break the...
Oil is currently in a beautiful structured uptrend from the higher time frames. Price has currently bounced off the 38 fib zone, support zone and trendline. I expect oil to move up at least $10 and as high as $33.
On the monthly timeframe Gold has created a cup and handle pattern. The Dollar has increased in value because of positive economic data today, however over the next year the value of the dollar is expected to go down in value which will inversely cause gold to rise. I am waiting for price to break out of the resistance area of this handle and go for about 700...
GBP/JPY is dropping from a major supply zone, I expect price to drop once it breaks the trendline.
I believe this pair will go about 600 pips after the breakout of support or resistance.