Deensesay

Deensesay

Trade taken this morning: Reason For Entry- Market Pullback followed by Engulfing Candle, also rejection of closing above the 50EMA. 45 PIP SL (1.70664) TP1- 45PIPS (1.69773) TP2- 90PIPS (1.69327 TP3-135PIPS (1.68881) 135 PIPS Banked

Deensesay

Next we have USDJPY! This pair is inside of an area that I see as a major Daily Support Zone. This green area is an area that has been tested multiple times by price on the Daily chart and is an area that I will be looking for possible long trades out of. Daily Support Zone- (106.530-106.860)

Deensesay

Happy Sunday Traders, This pair is currently pushing down very strongly on the daily chart. But, it is coming into a Daily Support Zone area. This is an area that the GBPCAD has tested multiple times in the past as support and resistance and is possibly an area that we could see a nice bullish bounce out of this market. For that reason, I will be looking in this...

Deensesay

This pair is currently in an Uptrend breaking the previous Daily Resistance Zone (78.490) and moving 300+PIPS to the upside. The market is heading to an area that I consider to be Monthly Resistance Zone (Brown Zone). I'll be looking to short in the brown zone. Short term outlook is that I'll be looking for long positions towards the Monthly Resistance Zone....

Deensesay

This pair is currently pushing down very strongly on the daily chart. But, it is coming into an area that I consider to be the Weekly Support Zone. This is an area that the USDCAD has tested multiple times in the past as support and resistance and is possibly an area that we could see a nice bullish bounce out of this market. For that reason, I will be waiting...

Deensesay

Lastly, we have the NZD/JPY. This pair is pushing higher above the 13&50EMA but is about to run into a Daily Resistance Zone (Green). This is an area that I think we could see a nice counter-trend bounce out of the NZDJPY. So, for that reason, I will be looking in this area for potential short trades. Daily Resistance Zone (67.640-68.150)

Deensesay

This pair is currently pushing up towards an area I consider to be a Daily Resistance Zone (Green). This is a level that has been tested multiple times by this market in the past and is a level that will possibly cause a nice drop out of this market. Because of that, I will be looking in this area for possible short/selling opportunities. Daily Resistance...

Deensesay

Happy Sunday Traders! Let's get started with this week's report. This pair is pushing down towards the Monthly Support Zone (Brown Area) that has been tested multiple times. This level of support is likely to provide some type of bounce out of this market. Because of that, this is an area that I will be looking at for possible long opportunities throughout...

Deensesay Updated 

This pair is in a phase of consolidation but it has just crossed 13&50 EMA indicating that we could see this pair move towards the Daily Resistance Zone (Green). This will be an area where I'll be looking to go short. DRZ(Green Zone) = (0.97500-0.98050) Furthermore, above the DRZ there is a Weekly Resistance Zone which is even stronger than the Daily level. If...

Deensesay

Happy Sunday Traders! First we have GBPUSD. This pair is in an obvious downtrend but has just entered into the Monthly Support Zone (Brown Area). This is a very strong support level where I think this pair has a potential for a counter-trend bounce. This is an area that has been tested multiple times in the past and this will be the area that I look for...

Deensesay Updated 

This week I am looking at EURGBP. This pair is currently pushing upwards towards a level that this market has used as resistance multiple times in the past. This area is a Monthly Resistance Zone which is a (very strong zone) that I'll be looking for possible short trades out of throughout the week. I will be looking for confirmations & entries/exits on the...

Deensesay Updated 

Happy Sunday Traders, This pair is currently pushing down very strongly on the daily chart and is approaching a Weekly Support Zone. This is an area that GBPCAD has tested multiple times in the past as support and is possibly an area that we could see a nice counter-trend bullish bounce out of this market. For that reason, I will be looking in this area for...

Deensesay

This pair is currently in a downtrend, but like GBPCAD, it is now pushing down towards a level of structure that is a major level. This is a level that could provide a nice counter-trend bullish bounce out of the NZDJPY. For this reason, I will be looking in this grey area this week for possible long trades. Weekly Support Zone (Grey)= (61.180-63.00)

Deensesay

EURUSD is essentially in a period of consolidation, with a slight indication of a downtrend as price has just recently rejected crossing the 13EMA. This area is green will be an area that I look for possible long trades out of throughout the week. Daily Support Zone (1.07250-1.07960) Daily Resistance Zone (1.09745-1.10220)

Deensesay

Here on the NZDUSD, we have a market that has just come into a level of resistance that I will be paying attention to for short trades. This is an area that has been tested multiple times as support and could possibly be a level that this market pushes down from. This would qualify as a valid Optimal Trading Zone where I'll be lookng to short. Weekly Resistance...

Deensesay

This pair is currently pushing down very strongly on the daily chart. But, price is operating around the Daily Support Zone area. This is an area that the EUR/CAD has tested multiple times in the past as support and resistance and is possibly an area that we could see a nice bullish bounce out of this market. For that reason, I will be looking in this area for...

Deensesay

Hey Traders! Happy Sunday, Firstly, we have the CADCHF. This pair is approaching a nice Daily Resistance Zone. This is a level that this market has used multiple times as resistance in the past. Because of that, I believe that we could see counter-trend opportunities from this area. That is why I will be looking in this area for possible short trades this week...

Deensesay

Happy Sunday Traders Gold is currently in a Uptrend and the market is above the 50EMA. Gold failed to close @1750.00 and in the process a Double Top has formed on the Daily Chart. For this reason, I'll be looking to short and enter this trade during the Asia Market Session. TP LEVELS= 1616.00 TP 2 = 1550.00 Recent Daily Support Level Zone= (1641.00-1645.50)