Topper-Signals

Topper-Signals

After a crazy few weeks, this pair is finally slowing down to decide its future move. If it breaks above the triangle and resistance, then we will see a greater move upward. If it breaks below the triangle, horizontal support and 200 EMA, then we can see a greater move down. After the knee jerk reaction by the markets from oil prices, i am slightly on the bearish...

Topper-Signals

After a successful buy trade with AUDUSD, i am thinking of opening a short position. Just a disclaimer: the current thinking behind entering into AUDUSD will be a bit different from the usual approach i use to enter my trades, so lets see how it will work. So here is the thought process: AUDUSD has currently reached a strong resistance zone. The resistance is...

Topper-Signals

Right now, i am sitting on the fence with this pair. It would seem that the bearish tendency is stronger currently, but they are currently at an important level. The next few hours will decide whether the pair breaks even lower to the downside or starts having a rebound from current price point

Topper-Signals

This pair is at an important support zone currently. With the weakening strength of the EUR, i will be looking for a selling opportunity for the pair. I will first wait for the break of the support zone i identified before opening a short position on the pullback. This trade has a high probability with a good risk-reward ratio

Topper-Signals

I have opened a short position on this pair. It has broken out of my identified support zone. Furthermore, with the weakening Euro, i believe that there is more space for the pair to continue its downward momentum. For now, i have opened half a lot size first while waiting for the pullback (if there is) to open another half. This is because i think there might be...

Topper-Signals

The pair is still currently ranging between the two supply and demand zone i have identified. Therefore, my strategy for this pair will be to open short term trades. In this case, i see a breakout of the short term trendline. Furthermore, it is currently in a pullback and consolidation (probably to get more momentum before pushing to the upside). Therefore, i will...

Topper-Signals

I see a short opportunity for this pair. It recently touched the bottom of the ascending channel. Instead of rising to the opposite direction as it should have, it is currently consolidating. This to me signifies there is a lack of willingness for buyers to continue buying (after the strong USDCAD bullish moment due to the low oil prices). Instead, this might...

Topper-Signals

NZDUSD has recently formed a lower high after rejection at the resistance area. So i am looking for a short term selling opportunity with the pair with TP at previous swing low and a more ambitious target at the supposed next swing low formation.

Topper-Signals

This pair has just broken a minor structure recently. Thus, i am entering a scalping short position on the pair.

Topper-Signals

I see an opportunity to open a profitable short position with this pair. It has recently broken through minor support and ranging. I believe we have an opportunity to enter this pair if it breaks below the minor rising trendline. I will set my TP just above the 200 EMA. This is a short term play on the pair. (See my GPBAUD post for a successful trade)

Topper-Signals

The pair is currently ranging on a descending channel. It has recently touched the top of the channel and it seems to be moving towards the bottom now. Thus, my plan for this pair will be for it to break the minor support level (pink horizontal line) before i enter a short position on this pair. This trade gives us a good risk-reward ratio. Notes: more aggressive...

Topper-Signals

I have entered into a short scalping trade with this pair. This is because it has recently broken out of my identified support zone and is currently on a pullback. Thus, i believe there is a good chance for the pair to continue its downward momentum; in the short-term.

Topper-Signals

NZDUSD have recently broken out of the daily rising trendline i have identified. This give us an indication of entering a short position on the pair. On the lower time frame (4H), we see a lower high being formed after a series of higher highs and higher lows. Using the 1H timeframe to base my entry decision, i believe that if NZDUSD breaks below the identified...

Topper-Signals

If you see my recent posts, you would know that i am bullish on the JPY. Therefore the setup forming for this pair is perfectly in line with my view. I see a break of the daily rising trendline. Right now, it is consolidating at a support zone (albeit not a strong one). Thus, if all goes well, i will wait for a bearish break out of the pair before selling on the...

Topper-Signals

Prices are currently ranging and finding it difficult to break out of the current support level. This might be because of the confluence of a daily rising trendline (red line). Thus, i will look for a potential long position for this pair. I will enter if it breaks out of the minor downward trendline (purple line) and buy on the pullback. As with all things in...

Topper-Signals

Rejection of resistance area and break from rising trendline are my thoughts behind why i think the pair is bearish currently. We see some consolidation at time of posting most likely because the market is waiting for the US session to open and for the upcoming fundamental data. From a technical perspective, i believe we have a higher chance of making a profitable...

Topper-Signals

It seems there is a likely breakout for NZDUSD daily trendline. Thus, i have opened a scalping trade with a tighter TP & SL. I do want to note that this is a risky trade as it is trading against the trend. Will only advise those that are more aggressive to take this scalping trade whilst following to the SL strictly. Have proper risk management !

Topper-Signals

I am still waiting for my long term GBPAUD set up. But meanwhile, i have identified a short term potential opportunity to open a profitable position in GBPAUD by selling the pair. If we see an hourly close below the short-term trendline (purple trendline) then we can open a short position on the pair. We will have a good 1:1 risk-reward ratio and since it looks...