Hello all - DuncanForex here with another trade idea With USD seeing short term strength on Forex pairs (not metals) On the 5 minute chart - it has just completed a butterfly pattern and therefore the trade is live I am looking for a 5 to 1 with a wide stop and 10 to 1 with a tight stop on the 5 minute chart. On the 4 hour chart - it printed an bullish...
Hello all DuncanForex here with another trade idea I am hedging GOLD - I am currently short, however I am looking for it to potentially turn around and head higher as it is now near the dynamic support line (which was resistance) from the previous down trend. If this does head higher - it could be a fast move. I will watch accordingly Find me on Twitter,...
Hello all - DuncanForex here with some trading analysis I thought I would post a tutorial about how I traded GBPUSD today. I did enter aggressively expecting it to head higher. The reasons for entering were as follows. Sentiment view that a Brexit Deal was on the horizon. GBPUSD and cycling higher nicely making higher highs and higher lows I was looking to...
Hello all - DuncanForex here. This is a compound trade on USDCHF - USDCHF - Direction - Short Timeframe - 30 minute entry Stop Loss - above swing highs Take Profit - same target as original entries. After last FRidays 4hr chart Short entry- and TP1 hit After the retrace - I am now looking to entrer again on the 30 minute chart to add to my positions and also...
Hello all DuncanForex here with another trade idea With USDCHF heading higher, at the 61.8% retrace area, it has just printed an engulfing bearish candle. I am now expecting price to head lower for a 6 to 1 Win vs Risk trade. WIth USD continuing to receive dovish tones from important individuals, I am expecting this to head lower fairly fast. One to hold over...
Hello all - DuncanForex here with another trade idea After the quick scalp on Friday, price action is cycling higher this afternoon Multiple ways to trade - on the daily chart - you can enter on the break of the high I am also looking to enter on the retrace overnight to see if the area I have shown in the picture holds as support and if it does I am in on Buy...
Hello all - DuncanForex here with another trade idea. With USD weakening against GBP, I have been watching EURUSD today to see when it will reverse to trade this pair After the engulfing 1 hour candle this afternoon- I have entered on the retrace Looking for a quick scalp before the close later this evening and if it looks to close bullish - I will stay in,...
Hello all - DuncanForex here with a continuation compound trade With my first entry hitting TP this morning, I am looking to get more entries now on the next cycle higher Trades 1, 2 and 3 entered this morning at 1.2070 along with GBPJPY Trade 1 TP Hit Trades 2 & 3 Stop loss is now at entry point of 1.2072 - to take into account swaps. Entries, 4, 5 and 6 are...
Hello all - DuncanForex here with another trade idea I am looking for some USD strength in the coming days for a small retrace higher to resistance. (The opposite to my Gold Trade) This may go sideways for a while due to it being August and low volumes, however lets see how it plays out Buy stops at 106.10 area The website of the same name is now live ...
Hello all - DuncanForex here with another trade idea I have gone long on GBPJPY following a 61.8% fib retrace on the 30 minute chart - I am looking for it to break through previous resistance and head higher to the level indicated. With Brexit news coming out often, I will be managing the trade closely. Thanks for looking and my website is now live Cheers Duncan
Hello all - DuncanForex here with another trade idea I am looking for GOLD to head lower on a second leg movement down following the engulfing bearish candle printed yesterday It will head back to 1375 areas slowly - retest what is now support and then head higher up to 1800 over the next year. I will be trading Gold heavily over the coming months based on this...
Hello all - DuncanForex here with another trade idea Although GBP is weak at present, I can see some strength tomorrow whilst USDJPY pullsback - I have entered, however you could place a buy stop at the 1.2138 area With it cycling higher on the 30m chart - keeping in mind the overall trend is down If 1.2175 is broken we will certainly be in a short term up...
Hello all - DuncanForex here with another trade idea Similar reasons to the GBPUSD trade, I am looking to go long on EURUSD - with the daily pin bar printed I can see this going higher (albeit against the trend) So trade safe Thanks for looking Duncan
Hello all - DuncanForex here with another trade idea I am looking to go long on GBPJPY Although there are trade wars going on in the back ground and in turn short term sentiment is being impacted. At the same time GBP is yo-yo-ing due to ongoing Brexit Hard or Soft short term sentimental views. I am going long GBPJPY, however will be managing the trade...
Hello all - DuncanForex here with another trade idea I am looking for GBPUSD to go long - even though it is at resistance - if the highs of 1.2088 are broken - I think there is scope to reach the 1.2175 area This is based on short term sentiment and a strong upwards leg today which I think after a small retracement could continue an AB=CD retracement...
Hi all - DuncanForex here with another trade idea With EUR USD creating a triangle which it broke out of and retested at Resistance I am looking for this to head lower - it may only reach 1.1150 area where this area could act as support However if it breaks through, it could head far lower. Lets see how it plays out The website is now live thanks for looking Duncan
Hello all - DuncanForex here with another trade idea With USD starting to realise weakness across the board EURUSD has flow higher Whilst GBPUSD has continued sideways due to GBP weakness EURUSD is doing well and continuation entries have supported this driving higher today. XAUUSD is a winner if you are in it (I'm not due to an overnight retracement...
Hello all - DuncanForex here with a continuation trade A Buy limit at the 61.8% retrace activated and lets now see if it heads higher along with the other trades I am holding The entry was on a 1 minute chart however you cannot publish lower than 15 mins so it is being managed on a 1 minute chart as well DuncanForex.com is now live. Thanks for looking at my...