Trade_Simple_FX

Trade_Simple_FX

XAUUSD H4 Here is an update on Gold. We are approaching this $2,640/oz support price, and interim trading support zone indicated on the H4 and H1 timeframe. If we are able to break this convincingly, we should see price trade closer towards that $2,624/oz price in the near term. However, we may well see price bounce from this zone as indicated before gearing up...

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XAUUSD H1 We broke our area of resistance here on XAUUSD over the eastern session. We have now made a slight adjustment to our trading zone, $2,660/oz has now been moved to circa $2,670/oz. Which now incorporates the next level of resistance, and stops now cover the next areas of previous high price. We have that whole number confluence, area of H1 and H4...

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US30 H1 Last setup for the morning, we are quite far away from our trading zone here and our entry point, but if we are waiting for data to release, this is good for us. It gives us a zone to follow and be prepared for. We have now set our alerts and we wait patiently to see what unfolds. We will take some time away from the markets now, with alerts set and...

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US100 H1 Here is a little range we were discussing yesterday evening on the call, this 19,850 resistance price, down to 19,600 support price, a nice 250 point range which could be utilised. I'm not going to go too heavy with the setups today, because until we see the data cluster, we want to observe rather than to be involved so much. Markets are often...

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GBPJPY H1 This play was huge yesterday, a monster 332 points in total we saw GBPJPY sell off, immediately from the EUR/LON bell too. Those first hourly candles sold off as much as 160 points, offering around 2 to 2.5R in very quick succession. This was really enjoyable to see unfold. No doubt ***GBP pairs as mentioned have be wild to trade recently, especially...

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EURUSD H4 We would be looking for something similar to this for the likes of EURUSD and US30, US100 if the opportunity is to present, we have seen and witnessed the selling pressure, now we need some market correction to offer the entry to the next wave of selling pressure. That being said, we still want to stack confluences, our indicated sell zone now sits at...

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XAUUSD H1 For those that tuned in to the market rundown yesterday, we covered all of the setups we have been following from the start of the week, including XAUUSD here. We have seen some strong selling pressure over the eastern session, trading from that same zone we had indicated on Monday 30th. This $2660/oz zone seems to be very attractive and a strong...

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US30 H1 Like absolute poetry here from the dow jones, responding nicely to that level of resistance which sits t 42,300 price. The hourly timeframe has been amended in line with yesterdays video analysis which was posted around the US stock market close. Expecting more of the same today, US30 may correct around the time of the stock market open, but we are...

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US30 H4 More exhaustion being seen here today, with the dump yesterday of 300-400 points, we are straight back into our sell zone, but we aren't trading much higher than when we started yesterday. That being said, US100 is trading higher, which throws a slight spanner in the works. As long as US30 isn't setting new highs, the DXY is trading above 100 to 101...

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GBPJPY H8 We have a nice setup here yet again, with our crosshairs on that 193 handle for GBPJPY. Last weeks price movement on Friday was wild, to say the least, over the eastern session we took off 100's of points, before closing the day down towards 190 price. 600 points from top to bottom we saw, from the likes of ***JPY, this was very impressive! With the...

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DXY H8 There isn't too much to report on here for the likes of the dollar index, we have seen a bullish start to the week so far which was as expected, but we are still very much in the same range which trades between 100.200 price and 101.000 price, we really need to see a break north of this 101 level. A break of 101.000 price, and subsequent surge towards...

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EURUSD H4 Our sell zone here on EURUSD is playing out well 1.12 seems to be the handle which is holding as effective resistance. 3 attempts to break higher, 3 time resistance has held and see a dump of around 60-70 points, with just 10-15 points of movement around the 1.12 stoploss area. This 60-70 point range is certainly an area and range we can follow....

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GBPJPY H4 Potential shorts in the firing line here on GBPJPY. This 188.100 price is trading very close to this 188 whole number, we could start to see some resistance, rejections and sell-off from this trading zone. We have previously sold off a huge 3000 points over the last few weeks, one of the biggest corrections we have seen in a VERY LONG time. It will...

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XAUUSD H1 A possible outlook for XAUUSD here. I've got alerts set for $2450/oz price for the moment, but we may pull down towards that $2440/oz price. I'm not too confident in pushing the signal on the basis of a $2450/oz buy limit. But, this is certainly the first port of call. I'll update accordingly.

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EURUSD H4 In addition to GBPUSD, we also have EURUSD which is at a key area of resistance. This 1.09 handle is acting as a whole number resistance price, amongst H4 supply and previous tested resistance. Certainly a good region and zone for a short confluence stack. We will be following EURUSD, GBPUSD and DXY very closely this week as we are trading from some...

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DXY H4 Again, nothing too significant to report at the moment, whilst we are hugging 104.00 we remain bullish bias, it's as simple as that. DXY correlates primarily and fundamentally with FX rather than XAUUSD commodities. But we can still use for comparisons and indications. Hopefully this 104 level holds as anticipated support to warrant GBPUSD rejections as...

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GBPUSD H4 We are trading very close to out 1.30 handle, this is our key area of resistance. Similarly we have DXY back down on our 104.00 support price. Our final element of support before a potential break and trend change. On the basis of the above, I would like to see a rejection of 1.30 as indicated and annotated. With targets of around 1.28500 initially.

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XAUUSD M15 Here is the signal update from yesterday, we have seen a maximum of 2.1R so far, currently in active play of 1.75R. We have banked partials and we are holding the remaining 50% position risk free. I'm hoping this setup has plenty more mileage in it. Last week, we caught an amazing long position from a key area of support. And this position continued...