swiperfx

swiperfx

Here we have a potential option to short the EURUSD to get a decent risk/reward. If we wait for price to reach 1.0920 handle, we might be able to find sellers who want to keep price within the daily descending channel, the dominant trend direction since January of this year. Otherwise, EURUSD could also break out of the pennant pattern earlier than expected where...

swiperfx

my bias on this pair is long due to the support zone and structure in which price is currently is developing. I see a third touch of a falling wedge pattern at a potential double bottom pattern. As seen, price has dropped all week. I will need daily candle closure confirmation to confirm a reversal to the upside. I will monitor the intraday charts for signs of a...

swiperfx

i like the potential to buy the AUDNZD within the formation of an inverted Head and Shoulders inside of a descending channel, on it's 4th touch. Very decent Risk reward, the only risk here is the possibility of a break to the downside, or the creation of an ascending channel.

swiperfx

Deceleration within the 20/50EMA zone, with additional horizontal and Trendline resistance to confirm the possibility of a bearish continuation to the downside. Also, the pullback rejected the 61.80% fib level. MACD and RSI bullish momentum slowing down on the intraday, while price is beginning to break the 1hr 50EMA. I'll enter this trade with a stop entry for a...

swiperfx Updated 

After closer examination I considered this a valid entry to the FX reversal strategy based on the factors labeled in white text. Price action has decelerated at TL, and horizontal support after breaching the potential H&S neckline that failed to remain below 147.50. FIBs indicate that the phase of this market could be at a pullback before continuing higher to test...

swiperfx

I am long on the EURUSD after a deceleration at support (DAILY). Price shows signs of overextension on the RSI (DAILY), on the 4hr there is a significant level of divergence in confluence with support level. This data allowed me to set my targets up to the 61.8% if price is to continue lower upon a short term pullback.

swiperfx

After closer examination I considered this a valid entry to the FX reversal strategy based on the factors labeled in white text. Price action has decelerated at TL, and horizontal support after breaching the potential H&S neckline that failed to remain below 147.50. FIBs indicate that the phase of this market could be at a pullback before continuing higher to test...

swiperfx

My bias this week on AUDCAD is long. Upon hitting historical support on the daily, price has reacted with an inverted hammer candle and closed bullishly on Friday (potential profit taking for the bears). Biggest question here is whether enough sellers will buy back their positions at this level to change the bearish momentum. MACD shows divergence on the 240...

swiperfx

I shorted AUDJPY off a trendline break and failed retest. I decent trade with about a 1:3 risk reward. I will wait to see how price reacts to the 200 MA on the 4 hr and what the daily candle looks like at market close.

swiperfx

I'm trying out a simple price action reversal strategy known as the "pin-bar" strategy. USDCAD rejected Daily support and closed a few pips above it. I set a buy limit order at a 50% retracement level with a stop loss 10 pips below today's low. Fundamental news are coming out tomorrow for the BoC so i don't think i'll hold this trade for too long. If anything i'll...

swiperfx

i went long on this pair when it rejected and found support around the 113.000 price level. Its going back up to retest 114.000 with what might be a head and shoulders pattern on the 4 hr timeframe. If price rejects the 114.000 price level, i will be placing a short position back down to 113.000.

swiperfx

Seeing that this pair has been overextended for quite a while now on the daily time-frame, i feel safe to place a short position with my stop loss right above the 124.000 price level with Fib retracement TP levels. 1) 4hr Divergence- Loss of momentum/bulls failed to carry prices above 124.000 for a HH 2) 124.000- strong reference point for bears, take profit...

swiperfx

Possible bullish move to 1.0100 -Daily close above 21 SMA -RSI gaining bullish strength -Trendline break/bears failed to take prices below .98100 TP- .98100 I am going to wait on a 4hr pullback for my entry and trailing stop levels.