ezfx07

ezfx07

The market rallied to a key daily level as outline on the chart and bounced back. Since it boucned from that level there is a good chance the market might turn. Took this trade lets see how it plays out.

ezfx07

This is a pure technical play. This is based on the railroad track pattern where one candle goes up aggressively followed by another candle closing down aggresively. Target is the start of this aggresive up move.

ezfx07

Here there are multiple confluence for this trade. Fundamental factors: Market sold off aggressively due to the IRAN missle attacks. When situation like this happens market tends to overshoot. So trying to get the retracement. Techincal Factors: It created a multi day double bottom patern. RSI is also created a bullish divergence which shows that price...

ezfx07

This trade idea is based on trend conitnation. Having sold off aggresively on the news of change of PM in Japan. The following day the market rallied to trap some buyers and shake off the weak sellers. Now at the start of the session it created a pin bar at a key level promitng me to think it will head south. For this reason I took this trade lets see how it...

ezfx07

The price hit a strong support level. Price made a double bottom. RSI is moving up showing bullish momentum. Small scalp with 1.45 R

ezfx07

Gold is at All time high level. Market made a high on Thursday and haven't reached that high on Friday. There is an inidcation on Thursday for a clear momentum shift at least in the short term as this is visible in the 1 hour time frame. Today market tried to rally higher but was sold off near the start of London open leading me to beleive we might see some...

ezfx07

CAD is weak overall. USD is seen getting strength. All other currencies have made a higher higher and epecting CAD to do the same. RSI is also above 50 which shows there is strength in the movement.

ezfx07

Here EURUSD has sold off aggresively to the low from yesteraday. RSI is oversold in the short term. It tested the lwo twice on M5 which leads me to beleive we can have a short term bounce due to the double confluence of a important daily level as well as oversold RSI.

ezfx07

The price is retracing from a previus high which it failed to break. So targetting the midpoint of previous move.

ezfx07

The market has slowly being going up. The correlated pairs GBPJPY, AUDJPY all broke higher which suggest there is broad based weakness. Ath the start of the hour I went long as the running candle broke previous canlde high. I am targetting tp just under the ADR with a risk reward of 1:1.45R

ezfx07

The overall trend is down. Market broke lower yesterday. The market did a retracement. On the hourly we can see the trigger candle in this the bearish engulfing. Entry initiated on the running candle with a risk reward of 1: 1. Potential of a second entry later on the day.

ezfx07

OANDA:XAUUSD Short is marked on the chart. Failed to make a new high Strong Sell Candle on the hourly Looking for short continuation after this clear failure.

ezfx07

FX:GBPUSD I think the high of the week was setup on Monday. Marked the setup on the chart. Good Risk reward.

ezfx07

OANDA:XAUUSD It's creating a nice rounding pattern on the 15 mins. Expecting a breakout and will enter the breakout of that level. Marked in the chart. The profit target is 1890. Best of luck traders!

ezfx07

OANDA:XAUUSD Going short on Gold. Tried to take out yesterday's high but got rejected. Should be an easy short targetting 1:1 risk reward.

ezfx07

AUDUSD Shorting AUD here as DXY seems to be breaking out after relentless selling and there is clear structure in the AUDUSD making it the ideal candidate to short.

ezfx07

FX:GBPJPY Selling GBP fading the spike. Let's see how it plays outs.

ezfx07 Updated 

First trade of the week. Shorting gold from 1875 TP is 1863 SL is 1885 Since its the first trade of the week trying to bet small risking 0.25% on this trade. Lets see how this plays out. XAUUSD