Pending Short on NZDUSD: Entry - 0.6430 SL - 0.6480 (50 pips) Final TP - 0.6260 (170 pips) Reason for the trade: 1. Key level of 0.6425 2. Recent bullish trend with over 4% move up this week expecting a pullback 3. 61.8 fib of larger move down aligning with key level Looking at a nice 3.4R for final target area, but would look to close 25% at 50 pips, another...
Pending Long on USDJPY: Entry - 135.125 SL - 134.375 (75 pips) Final TP - 140.25 (512.5 pips) Reason for the trade: 1. Key level of 135.16 (monthly) 2. Recent bullish trend, now forming a solid pullback 3. 200EMA daily lining up as support Looking at a nice 6.8R for final target area, but would look to close 25% at 50 pips, another 25% at 100 pips (moving SL to...
Potential short on AUDUSD based on technical analysis, looking to see if we get a pullback for the entry early next week (13 June 2022 onward) no order placed yet
Break and retest of the trend line, with a nice bearish prior candle to give the entry. Looking to target the recent lows at around 4:1
After gold failed to break the recent lower high on the daily timeframe, looking to trade this lower, with the potential for the trade to be closed ASAP if situations in the middle east rapidly change. I'll be actively managing this position over the coming days and potentially closing before the weekend even though this is a swing position due to the potential...
Looking to get in on the bearish trend currently in play, nice RR offered.
Looking to trade a break and close below the dynamic support turned resistance. The previous daily candle showed a big wick rejection to the upside, along with the current daily candle following suite. RR : 4.67:1 Risk : 0.5%
Looking to get on the move to the downside after the recent sideways movement.
Nice upward trend forming looking to buy the lower high, good RR offered and 0.5% risk.
Nice level of resistance looking to have been respected on the 1H, looking now to play the next leg down after the most recent lower high formed. Risking -0.5% with a total RR of 6:1
Higher risk taking only 0.25% risk with this position for a potential reversal at recent resistance, looking for a small move then to get out. Nice RR if this comes off, if not will aim to close out if rejected.
Short from the current level of 1.81 down to recent strong support that has held up recently with a head and shoulders looking pattern having formed on this pair over the past couple of weeks. Nice 4:1 RR offered. Stop placed above the most recent wick highs. Risk - 0.5% Reward - 2%
Looking to short from recent resistance down towards support, good RR offered and multiple wick rejections of this area of resistance. Risk - 0.5% Reward - 2.5%
Looking to get on the next move to the upside on EURAUD after the pair has been holding strong on support and looking like a potential wedge is forming offering some space to the upside, with a 25 pip SL at 0.5% risk offering a 3:1 RR for the final target, but potential for the trade to be held longer depending how things develop. Reasons for the trade: 1. Market...
After three clear touches respecting the upward sloping trend line, we've had a clean break below and looking to go short on the re-test of the underside, with a 30 pip SL at 0.5% risk offering 3.98:1 RR for final target. Reasons for the trade: 1. The market on HTF's is in a sideways pattern, looking to play down from the higher part of the range, on the LTF a...
Looking to play the next leg down on NZDJPY after the recent formation of lower lows and lower highs, with a 25 pip SL at 0.5% risk offering a 3:1 RR for the final target. Reasons for the trade: 1. Downtrend in the market (LL and LHs forming) 2. Resistance held firm and now price is showing some momentum to the downside. 3. a recent LH looks to have formed/being...