bajapips

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I am currently long on this pair. I got in earlier today during late Asian session at 1.2468 so I am already up +1R but due to TradingViews “House Rules”, I must put a later entry than this real-time post so a solid second entry would be once price breaks above todays current daily highs around 1.2489. I am going for at least +3R but am willing to take this as...

bajapips Updated 

I am long on Bitcoin and took a buy entry as of earlier this week. BTCUSD has been bullish and on my watchlist for the past several months but due to lots of uncertainty and choppy range bound conditions I stood out until further notice. The pair rises on its own and I do not control market movement so I only participate when the pattern, context & triggers all...

bajapips Updated 

AUDUSD has been in a bear market July 2023. Price stalled out and ranged since August 2023. We have since seen bulls try to break out of this 3-month range and failed every time. The resistance is around 0.6530, which is yet to be broken. We recently have seen a strong rejection of that resistance following last weeks USD interest rates. The Australian Dollar has...

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I am not a fundamental trader but I do love when a major economic news event plays an impact on the market environment. This entire month the markets have been very slow and choppy so I stood out of swing trades due to the whipsaw behavior. This week has been the slowest following last weeks low movement with fed speeches on the economic calendar almost every...

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This week I am looking to deploy capital depending on if the overall market outlooks becomes more favorable. I have USDCAD on my watchlist as it has been struggling to break higher above 1.3600 for the past 3 months. Recently, we've had a false breakout 3 times in the past month and each time bears stepped in and drove price back towards lows of 1.3500 creating...

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USDJPY had a magnificent rally that lasted over 6-weeks. Unfortunately, nothing last forever and trends have a short-term span. I first noticed the pair going into a possible consolidation once it hit YTD highs and rejected it on 08/29/2023. Price was already showing struggle to break higher from the beginning of this month and been in a 3-week consolidation. I...

bajapips Updated 

EURJPY has recently failed to break a 2-week range that started around August 10th. Sellers have struggled to continue to push price lower resulting in a reversal R bottom pattern. I will look for longs to retest monthly highs at 159.500. Alternatively, my bias will be bearish if bears step back in this week and push price back below 156.80 lows.

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EURNZD has recently broke 1.820 support but failed to go lower and instead formed a R bottom formation. Looking to retest 1.8470 monthly highs. For the downtrend to continue I would need to see 1.8150 lows taken out with strong selling.

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GBPUSD has been in a range since the beginning of this month and recently broke out to the downside last week. I look to take shorts if current low of 1.25460 is broken within the next couple of days. An alternative view would be that this breakout may be a false breakout and could possibly run on back into the range as high as 1.2820 higher end of the range if...

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Price looks overextended for this pairs long term downtrend. There is a lot of indecision going on around 140.00

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The 3 month bull trend is looking unstable, I am looking forward to a crash back to August 2019 highs before the year is over.

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USDCAD has just regained bullish strength on the daily. I'm looking to take this up about 100 pips to my first target. My overall bias for this pair is bullish.

bajapips

AUDUSD has multiple signals indicating a 70+ pip drop in the next few days. Easy money trade. The chart above explains it all.

bajapips

My algorithms show multiple confluences for a short entry for this pair. I am currently in, I see price is currently below the 200 day average along with multiple candlestick patterns that signal an entry. I will be taking price down to 118.00 support where many buyers will be looking to enter as it signals a bounce off of a short term trendline. Trendlines have...

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The end of the short term uptrend is signaling a new short entry for me today. This is a continuation of the bear trend that was started on September 11th, 2019. I look to take this trade down to my first target at around 0.81745, then I will be updating this chart after that. I do not expect this to take longer than 1 month to reach the target, but anything is possible.

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Fundamentals will create any reason to explain the technicals of the market. BREXIT, protest, etc. Being a technical trader and having a set algorithm will solve most over complicated issues to this complex market. It looks just about time for the this pair to resume its long term downtrend. I am currently in shorts, but will be adding to my position once price...

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The global economy is looking bad everywhere, but the European economy is still doing worse than America. As technical traders, regardless of what is being said on the media, we have to stick to the bigger picture. My bias will only change if price holds above 1.3200 for the next week.

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Bank Of America has been on a rise after the 2008 US Stock Market crash. No coincidence as many US companies have been rising since then. This is not an excuse to get off track and believe all is good now. If you take a look at the bigger picture, you can see this company has had a decline soo huge, even the attempts to pump the value back to pre-2008 figures has...