KaltoireCapital

KaltoireCapital

GBPJPY has been in a bearish wave since the start of this month. However, a pullback may happen very soon As you can see in my chart, 131.80-132.20 area can act as the first support for GBP/JPY which may lead to a pullback to 135 or 136. Currently, I am waiting for the price to drop towards 131.85 and then I will observe the price action in lower...

KaltoireCapital

Hello traders, I hope you enjoyed my previous sell trade set-up in Gold where I told you too sell near the 1950 area with TP near 1870. (previous idea attached below for reference) Currently, gold is approaching a support level. If Gold reaches 1850-1870 level and shows bullish price action, I will consider a buy entry with SL below 1840 and initial TP at...

KaltoireCapital

Hello friends, I hope you enjoyed my previous trading set-up on EURUSD which hit hit the TP at 1.1740 with 130+ pips profit( previous set-up attached below) Currently, EUR/USD is at a very critical level. The area between 1.1690-1.1740 is a support level. So, bulls must defend this level. That being said, the momentum is with the bears. So, it won't be...

KaltoireCapital Updated 

Dear traders, in my Friday's GBP/USD analysis, I told you to sell near the 1.30 resistance level. After that we got a nice 80 pip drop towards 1.29. (Idea attached below). Currently, GBPUSD is looking weak and another drop to 1.2770 can not be ruled out. I am looking at a possible break of the TL support with a bearish impulse that will serve as my...

KaltoireCapital Updated 

For more than a month now, Gold is consolidating in a narrow range. It is going back and forth within this triangle pattern that I have drawn in my chart. However, the pattern is narrowing which indicates that a big move may happen very soon and Gold price may break out of the triangle. While the breakout can happen either way, price action indicates that the...

KaltoireCapital Updated 

1.1870 is turning out to be a minor resistance on the hourly timeframe. There is a potential sell entry with low risk and big reward as I have indicated in my chart. Selling between 1.1860 and 1.1880 with SL at 1.1900 and initial TP at 1.1830, final TP at 1.1740 is a possibility. Partial profit will be taken at the initial TP and sell will be moved to entry to...

KaltoireCapital Updated 

NZD/USD price action looks quite weak. Price has moved lower after touching the channel Top on Friday. So, there's a good possibility that NZDUSD will drop to the channel support near 0.66. Possible entry could be between 0.6770 and 0.6810 with SL above 0.6830 and initial TP at 0.67 followed by final TP at 0.66. The above trade will be executed if bearish PA...

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After spiking to multi-year highs during March, USDCAD has given up almost all it's gains. Price dropped below 1.30 a couple of weeks ago. Currently, USD/CAD is consolidating. Looking at the price action, it looks like the next bullish impulse may happen very soon. I am waiting for a pullback to happen before buying. I believe USDCAD has a good potential to...

KaltoireCapital

Looking at the AUD/USD daily chart, it appears bulls have run out of steam. AUD/USD's rally was fueled by the equity market bulls. Massive USD injection in the market by the Feds also led to a decrease in USD demand. However, equity markets have started dropping once again and that is clearly reflecting in AUD/USD's price action. A strong break below the lower...

KaltoireCapital

GBP/JPY looks very weak and it seems like the downtrend is about to continue. British Pound is being sold off on brexit related issues whereas JPY is in demand due to it's safe haven appeal. Both these factors have led to a big drop in GBP/JPY this month. I expect it to continue for a little longer. However, I would wait for a pullback before selling...

KaltoireCapital

Dear traders, on 1 June 2020, I published an idea on EURUSD titles " Buying the dips" where I mentioned that EURUSD will reach 1.20. At that time EURUSD was near 1.11 You can check the idea below EUR/USD reached 1.20 a few days ago but the bulls were unable to take the price beyond that level. In fact, EURUSD is consolidating between 1.17 and 1.20 for almost...

KaltoireCapital

Gold is going back and forth inside a triangle pattern for the last 4 weeks. Currently, the triangle is getting narrower which indicates that price may break out of the triangle very soon. My plan is to sell at the upper TL of the triangle near 1968 with a small SL above 1976. Initial TP will be at 1940. If price breaks out of the triangle to the downside,...

KaltoireCapital

GBP/USD pulled back over the last few days but it was unable to break the crucial 1.30 level. Multiple rejections at the 1.30 level indicates that bulls are getting weak and bears may take over very soon. Selling between 1.2970-1.30 with SL above the resistance and initial TP at 1.28 looks like a good plan.

KaltoireCapital Updated 

EUR/USD has pulled back and reached the support region. If the support level remains intact, we can consider buying the dips. Try to place your buy entries near the 1.1720 level. That way your risk will be minimum. TP for the longs can be set at 1.19 and 1.20 with SL below 1.1680. On the other hand, a break below the support level will indicate bearishness.

KaltoireCapital

AUD/USD has been rallying strongly due to the risk-on environment and strong rally in the equity markets. But, the equity markets are facing some headwinds now and it may lead to a big correction in AUD/USD as well. For the last few weeks, AUD/USD is facing resistance near the 0.7250-.74 level. Selling the rallies seems like a good plan. Initial TP can be set at 0.71

KaltoireCapital

AUD/CHF is unable to overcome the weekly resistance. Repeated rejections at the weekly resistance weakness. AUD/CHF may visit the year lows near 0.58 within the next few months. So, selling the rallies seems like a good plan. Initial TP can be set at 0.6450

KaltoireCapital

GBP/USD did a healthy pullback last week thanks to negative Brexit news. But, it seems that the uptrend has started again. GBP/USD found support at the 100D EMA and currently, price has bounced up nicely from the EMA support. The first target for the bulls can be 1.30 and final target can be 1.34

KaltoireCapital

EURUSD bounced up from the support line and now it can reach the resistance line which is around 1.2020. If EURUSD can beat the minor resistance at 1.1920, then 1.20 will definitely be reached. The best way to trade EURUSD would be to buy the dips near the support line and target the resistance line as TP.