Trade Idea The rally has posted an exhaustion count on the daily chart. Price action has formed an expanding wedge formation. Our medium term bias is bearish below 0.8919 towards 0.8826. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies. Intraday signals are far from strong. We look to Sell at...
Trade Idea Bespoke support is located at 1.1274. Daily Ichimoku Cloud top acted as support yesterday. The selloff has posted an exhaustion count on the intraday chart. Buying posted in Asia. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. We look to Buy at 1.1274 Stop: 1.1239 Target 1: 1.1410 Target...
Trade Idea Trading within a Bullish Channel formation. Bespoke support is located at 12485. Positive overnight flows lead to an expectation of a firm open this morning. Further upside is expected although we prefer to buy into dips close to the 12485 level. We look to Buy at 12485 Stop: 12415 Target 1: 12725 Target 2: 12800
Trade Idea Prices are extending higher from the bullish flag/pennant formation. Positive overnight flows lead to an expectation of a firm open this morning. Bespoke support is located at 7530. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to buy on dips. We look...
Trade Idea Broken out of the channel formation to the upside. There is scope for mild selling at the open but losses should be limited. Bespoke support is located at 75.30. Further upside is expected although we prefer to set longs at our bespoke support levels at 75.30, resulting in improved risk/reward. Expect trading to remain mixed and volatile. We look...
Trade Idea Broken out of the triangle formation to the downside. Continued downward momentum from 137.79 resulted in the pair posting net daily losses yesterday. Negative overnight flows lead to an expectation of a weaker open this morning. We look for a re-test of the upward trending resistance. Further downside is expected although we prefer to set shorts at...
Trade Idea Trading within a Bearish Channel formation. We have a Gap open at 1.1093 from 28/06/2019 to 30/06/2019. We have a 38.2% Fibonacci pullback level of 1.1136 from 1.1057 to 1.1264. Bespoke resistance is located at 1.1132. Preferred trade is to sell into rallies. We look to Sell at 1.1140 Stop: 1.1160 Target 1: 1.1060 Target 2: 1.1020 DAY TRADE
Trade Idea Broken out of the triangle formation to the downside. Continued downward momentum from 137.79 resulted in the pair posting net daily losses yesterday. Negative overnight flows lead to an expectation of a weaker open this morning. We look for a re-test of the upward trending resistance. Further downside is expected although we prefer to set shorts at...
Trade Idea Broken out of the channel formation to the upside. There is scope for mild selling at the open but losses should be limited. Bespoke support is located at 74.85. Further upside is expected although we prefer to set longs at our bespoke support levels at 74.85, resulting in improved risk/reward. Expect trading to remain mixed and volatile. We look to...
We are still looking for opportunities to buy AUDJPY on dips towards 74.85. This video goes through our multi-timeframe setup. Here is our day trade idea for today... Trade Idea Broken out of the channel formation to the upside. There is scope for mild selling at the open but losses should be limited. Bespoke support is located at 74.85. Further upside is...
FX:EURJPY OANDA:EURJPY FOREXCOM:EURJPY SAXO:EURJPY TODAY ONLY EURJPY - Intraday - We look to Sell at 122.00 (stop at 122.30) Continued downward momentum from 123.36 resulted in the pair posting net daily losses yesterday. The previous swing low is located at 120.78. We have a 78.6% Fibonacci pullback level of 120.68 from 118.82 to 127.50. Price action...
FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9897 (stop at 0.9927) Bespoke resistance is located at 0.9898. Ichimoku cloud resistance comes in at 0.9897. The rally has posted an exhaustion count on the intraday chart. There is scope for mild buying at the open but gains should be limited. A Fibonacci...
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD SAXO:EURUSD EURUSD - Intraday - We look to Buy at 1.1280 (stop at 1.1240) Bespoke support is located at 1.1278. Closed the day little net changed. Selling posted in Asia. Broken out of the wedge formation to the upside. The medium term bias remains bullish. The formation has a measured move target of 1.1448. Bespoke...
FX:GBPJPY , OANDA:GBPJPY , FOREXCOM:GBPJPY , SAXO:GBPJPY Trade Idea Price continues to trade within the triangle formation. Bespoke support is located at 136.10. There is scope for mild selling at the open but losses should be limited. Intraday signals are mixed. Although the anticipated move higher is corrective, it does offer ample risk/reward...
FX:GBPCHF , OANDA:GBPCHF , FOREXCOM:GBPCHF , SAXO:GBPCHF Trade Idea A higher correction is expected. Broken out of the channel formation to the upside. The gap open from 1.2406 to 1.2414 has now been closed. The bias remains mildly bearish but there is scope for a move in either direction at the open. Although the anticipated move higher is corrective, it...
FX:GBPCHF , OANDA:GBPCHF , SAXO:GBPCHF Here is a video on GBPCHF. We posted a buy idea on the pair this morning (see the related idea). Just a quick run through on the reasoning behind it and why we thought it was a decent speculative trade to have a look at today. Feel free to comment if you have any questions or would like to discuss anything. Full...
FX:EURGBP OANDA:EURGBP FOREXCOM:EURGBP SAXO:EURGBP EURGBP - Intraday - We look to Buy at 0.8916 (stop at 0.8891) Selling pressure from 0.8992 resulted in all the initial daily gains being overturned. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Price action has formed an expanding wedge...
FX:AUDUSD OANDA:AUDUSD FOREXCOM:AUDUSD SAXO:AUDUSD AUDUSD - Intraday - We look to Buy at 0.6962 (stop at 0.6922) The gap open from 0.7022 to 0.7026 has now been closed. Selling posted in Asia. Daily/Weekly Ichimoku Cloud resistance is seen at 0.7035. Bespoke support is located at 0.6962. The medium term bias remains bullish. A bullish reverse Head and...