Trade_Simple_FX

Trade_Simple_FX

DXY D1 This really wasn't the expectation of the market open we were anticipating. Given the Trump assassination attempt, I was expecting some more market uproar, for US stocks to fall and XAUUSD to climb. As you would expect from typical risk off markets. The reason for this, is market uncertainty and follow up headlines. That being said, we are very early on...

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XAUUSD H1 Here is a potential outlook for XAUUSD going forward, we have sold off since market opened, the opposite move I would have expected. However, we haven't really seen an influx of relevant trading volume yet, I would expect to see this during LON partially, but most likely the US open, both FX markets and subsequent US stock markets. $2400/oz is in the...

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GBPUSD H8 We have traded just shy of our 1.30 psychological price level. We are looking to see some selling pressure come into play from around this price level, in hope we trade south back down towards this 1.28500 price. A more major considered area of support. From this zone, we would be looking to catch some long positions. A rejection of 1.30 would...

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AUDUSD D1 Another setup here which involves the USD. We had previously been looking to catch longs from this 0.67 handle price. We pulled back somewhat on the H4, but not quite enough to trigger our 0.67 alerts. As we start the fresh trading week, we are extended higher, with targets on that 0.69 handle. AUDUSD could be offering a monster 200 point trading...

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US30 H4 We are slowly but surely inching closer to this major area of resistance and psychological price level of 40,000. Alerts have been set and we are waiting patiently, I wouldn't be surprised if we see this zone trigger today. We saw US100 selloff aggressively yesterday, we are hoping for something of similar nature here on US30. A strong area of H4...

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DAX H4 We ended up trading higher than the previous zone we indicated yesterday on DAX40. Breaking resistance and moving now closer to this next area of resistance, priced 18650. This 18650 price no doubt holds more significance from a selling standpoint. Huge H4 supply dated 12th June and multiple tests of resistance during recent trade. The entry we were...

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XAUUSD H1 This one would have been amazing to follow from our previous signal point at $2370/oz all the way up to $2425/oz, but as we stated we managed to remove ourselves from this position entirely for 2R. The full measure of this position was 10R. We are now waiting for a pullback, possibly looking to find support around this $2390/oz price. This is the...

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AUDUSD D1 We are on the big daily timeframe here for AUDUSD, breaking the previous resistance price level of 0.67. This was a considerable daily resistance price for us. We are now simply looking for a subsequent retest of this zone to see if we can find support on this price level. If 0.67000 holds as support, we can likely look to position ourselves long...

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DAX H1 We have just shifted up our short tool here, yesterday we were just a mere 5 or so points away from our black line, sell zone. We are really trying to catch that previous area of resistance and supply price that sits around 18640 price. We are still looking to try and execute something on that basis. Eyes peeled, we will follow along with this one today...

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GBPUSD H8 Converse to AUDUSD analysis above. We also have the likes of GBPUSD here in front of us, where we have seen a rejection from 1.28500 price, a half number acting as resistance. If we look to the left on this chart, on June 12, you'll notice and aggressive selloff. This formed an attractive area of supply. We have a few confluence in and around this...

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DXY H8 Not a huge amount of movement during the trading sessions yesterday to start the week. We have seen some big, big moves across the likes of XAUUSD and US30, but not much in the FX space. Really hoping to see something pick up off this 105.000 support region. We have drawn this horizontal black line to highlight this 105.000 handle, and what we would like...

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XAUUSD M30 As we can see actively, we are trying to break south of the previous area of M15 and M30 consolidation. Depending on how we trade as we settle in to the EURO/LON session, we may look to trade something on a similar basis to this M30 trend. Something similar to that indicated with the red arrows. M30 LTF trend entries, or $2390/oz major resistance...

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XAUUSD H4 On Friday, XAUUSD experienced significant movement, as those actively trading the markets would have observed. After a sharp drop, it rebounded aggressively and continued to rise throughout the day. The area around $2390-$2395/oz is a major resistance zone. This resistance level presents an opportunity for potential short positions, whether today or...

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DXY H4 The dollar index has been steadily climbing since it last reached the significant support level of 104.000. We have observed higher highs and higher lows until recent trade (Friday). The release of NFP/AE and UE figures on Friday caused market volatility, notably impacting XAUUSD. Despite breaking through south of the 105.500 level, we have found some...

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We continue to see positive performance in XAUUSD. Currently, we are aiming for a break above the $2,338/oz level, compared to approximately $2,335/oz yesterday. I believe this is achievable within the week, with potential targets around $2,360/oz. Given the recent trading patterns of XAUUSD, we might observe prices fluctuating between $2,322/oz and $2,324/oz,...

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DXY H4 Support price of 105.100 held nicely. We seemed to bounce as we look to continue the bullish trend up towards that next target price of 106.500. Certainly possible, even maybe today if we gear up for more dollar bulls moving into the US session. We need to first sustain this break above the previous high, we have drawn the resistance (black line) marking...

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US100 H1 We are still very much in an uptrend on the US100, and as per the above H4 analysis, we ideally want to be trading with the trend. This hourly setup offer a long entry with stops covering arguably the previous lower high. The H1 timeframe looks good, 19700 price is a whole number price level. The only concern lays on the H4 timeframe, where it looks...

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XAUUSD H2 Here is XAUUSD update on the H2, we were previously targeting 2325/oz and then 2335/oz. With further targets pushing towards that 2350/oz price. We are looking at pulling towards the previous area of resistance, which we now anticipate to act as support, priced 2320/oz. Targets remain at around 2350/oz and then 2360/oz subsequently. Not much in the...