xrpbilbs

xrpbilbs Updated 

#EURJPY My market view for this week. I’m spotting a solid bearish opportunity. The pair is currently holding above the 0.50 Fib, but I’m expecting a push up to the 0.382 Fib before the sellers take over. From there, I anticipate a deeper drop toward the 0.618.

xrpbilbs

#AUDJPY My market view for the week. AUD/JPY is looking like a solid bearish play this week. The pair is currently trading below the 0.382 Fib, which is lining up nicely with the ATR and EMA levels. I expect a push higher before sellers step in and take control.

xrpbilbs

#XAUUSD My market view for the week. Gold ended last week on a bullish run, but I’m keeping a close eye on a potential reversal. I’m expecting price to push up toward key resistance around 2740 before a retracement down to 2660 over the course of the week.

xrpbilbs

Little push into that fib level with a nice move up to follow. The DXY is approaching a nice key area that has seen strong buyer volume, which should support a strong $. JPYX is trading bearish, looking like it has a fair bit to move too. Which would support JPY weakness. Conservative with TP on this, but I am setting a limit order when the market opens. Entry:...

xrpbilbs

AUDUSD has reached a critical support level. After a significant downward move, the price is now resting on a key level that has historically held significance. This suggests a potential reversal point. Key factors driving my decision: Strong support level: The pair is currently trading at a respected support level on both the daily and 4-hour charts,...

xrpbilbs Updated 

Selling USDCAD at 1.375: Potential Resistance at Fibonacci Level. Strong Daily Level: It coincides with a strong daily price level, which has previously acted as support or resistance. Prices often turn around at these levels, so it's a good place to be cautious. 61.8% Fibonacci Retracement: 1.375 also lines up with the 61.8% Fibonacci retracement level....

xrpbilbs Updated 

EURNZD Sell-Off: Potential Resistance at 1.81220 Key Daily Resistance: 1.81220 coincides with a strong daily resistance level. Prices have a tendency to reverse course at these established levels. Fibonacci Retracement: This level aligns perfectly with the 61.8% Fibonacci retracement. The Fibonacci retracement is a popular tool used by traders to identify...

xrpbilbs Updated 

Shorting EUR/AUD as we've reached a compelling technical confluence zone: Price Resistance: EUR/AUD is currently sitting right at a daily and 4 hour resistance level, indicating potential selling pressure. Fibonacci Retracement: Price aligns perfectly with the 0.618 Fibonacci retracement level, adding another layer of bearish technicals. Employment Data as...

xrpbilbs Updated 

The EURJPY pair surprised everyone this morning with a sharp drop, wiping out potential buyers clustered around the key support level of 172.0 This unexpected move might leave some hesitant, but I see it as a buying opportunity. Downward Correction, Not Reversal: While the recent drop was significant, it's important to remember the bigger picture. The EURJPY...

xrpbilbs Updated 

Traders seem to be cautiously optimistic about the US dollar against the Canadian dollar Here's a quick rundown: Recent data: IG client sentiment shows a recent shift towards a net-long position on USD/CAD, the first time since early June. Possible reasons: This could be due to factors like the Bank of Canada pausing interest rate hikes while the US...

xrpbilbs Updated 

There's a growing sense of caution around GBPCAD. While recent technical indicators have suggested a strong buy, a closer look reveals potential exhaustion from buyers, particularly at key levels across multiple timeframes. Key Levels and Exhaustion: Weekly, Daily, 4-Hour Charts: GBP/CAD is currently testing resistance on its weekly, daily, and even 4-hour...

xrpbilbs Updated 

The Canadian dollar has been on a roll recently, but I'm taking a different approach and buying USDCAD (US dollar strengthens against the Canadian dollar). US Dollar as a Safe Haven: With economic uncertainties brewing around the globe, the US dollar is often seen as a safe haven currency. Investors flock to the dollar during times of volatility, potentially...

xrpbilbs Updated 

The GBPNZD pair has seen some interesting movement lately. It has been trading in range since mid-June. Hoping to see a move to the bottom of the range. I have a limit order set as follows: Entry: 2.07844 Profit: 2.06338 Stop: 2.08204 1:4 trade targeting 150 pips.

xrpbilbs Updated 

I'm looking to enter a sell position on EURUSD at 1.08445. Here's my reasoning: Dollar Strength: The US dollar has been strengthening recently against various currencies, and EURUSD could be next. Positive US Economic Data: Strong economic data releases from the US could boost confidence in the dollar. Technical Entry Point: 1.08445might be a technically...

xrpbilbs Updated 

I had a similar trade posted yesterday, but exited at break even as I believe that price still has some more room to move. Reasoning behind this is that the DXY looks like it is about to take a nice sell off. There is a great level of resistance at 1.285 which has been respected multiple times. I have a limit order set: Entry: 1.28486 Stop: 1.28825 Profit:...

xrpbilbs Updated 

I'm taking a long position on USDJPY at 160.365, here's why: - Potential Upside: There could be factors driving the US dollar higher against the Japanese yen. These factors could include economic data favouring the US economy or geopolitical tensions. - Entry Point: 160.475 could be a technically attractive entry point based on past price movements or...

xrpbilbs Updated 

Overall, the sentiment on USDJPY is mixed. While retail traders are bearish, the price action hints at potential bullishness. Further analysis is recommended before making any trading decisions. I'm taking a long position on USDJPY at 160.475, here's why: - Potential Upside: There could be factors driving the US dollar higher against the Japanese yen. These...

xrpbilbs Updated 

I'm looking to enter a sell position on EURUSD at 1.08520. Here's my reasoning: Dollar Strength: The US dollar has been strengthening recently against various currencies, and EURUSD could be next. Positive US Economic Data: Strong economic data releases from the US could boost confidence in the dollar. Geopolitical Uncertainty: Global tensions or...