FalkenFx

FalkenFx

Previous long area did not the support the JPN225 therefore interest is now aligned to the next area of long interest in the JPN225. COT data released Friday, shows us that institutions have been adding long positions to the JPN225 suggesting there is still a potential for a higher movement. Confluences for this area of interest to long: Big 23.6% fibo Retest...

FalkenFx

Looking to Long GJ at 187.600 Currently seeing some strength in the Pound markets. In terms of technical perspectives, Confluences Intra KL 50D MA 61.8% Fibo TDI over extension from H4 to H12. Alignment with other JPY pairs is present too. Catch you later traders ▲

FalkenFx Updated 

Looking to short GBPJPY. off of the trendline 4th touch. Initial target of 1:3 We can see through the data institutions have been building up short positions on the Pound and going long on the Yen, with the COT data. cotperspective.com Technical Confluences: Key Level Trendline 4th Touch Looking for alignment at the zone in Yen Pairs Particularly EJ. Catch...

FalkenFx Updated 

Looking to short Silver today during the NFP trading release. Entry price: 23.49 Stop Loss: 23.79 Take Profit 1: 22.89 Take Profit 2: 22.2 Confluences: 38% Fibo Daily 200MA & 50MA Intra Key Level

FalkenFx Updated 

I am expecting a Hawkish FOMC this evening, but at the same time I am not going assume a particular reaction ahead of time and try to trade it based on what I think, but rather be reactive after the data has been released. My plan to trade gold on FOMC has two variations. If gold decides it wants to rise I will be taking a short position from the KL indicated at...

FalkenFx

Looking to Long GBPJPY, post BOE. Expecting a relatively neutral BOE, from this reaction may see GBPJPY reaching out price of interest 184.50. Confluences: 38% Fibonacci Key Level Retest Daily 50MA Catch you later traders ▲

FalkenFx

Looking to short the Nikkei Index from 36930. With the Nikkei trading at the all time highs there is limited price action to follow for set ups therefore only taking into consideration my strongest confluences and reasonings for trading the market. The last BOJ was Hawkish which gave the index a slight push down. Now price is approaching this level again at the...

FalkenFx Updated 

Looking to Buy EURAUD from 1.63250. I personally think the D200EMA will be slipped but some pullback potential is possible from the zone. There is also Alignment with EURNZD, which sits about 50 pips away from a potential zone of confluence, creating nice market alignment for the buy. SL 45 pips Full TP 120 Confluences: 61.8% Fibo Intra KL D200EMA

FalkenFx Updated 

First Trade of the year. Looking to short GJ from 184.150. Reason being is following the release of COT data post Xmas, we've seen an increase in Pound shorting and increase in Yen longs from commercial/institutional firms. To play this bias out from the data my area of interest is here. Confluences: Daily 50MA KL COT Data in favor Alignment to USDJPY Catch you...

FalkenFx

By short the market, I mean to short the S&P500 and the Nikkei (JPN225). Reasons for shorting these markets is alignment and the extreme overbought state it is in at the moment. This is not a bear market prediction, simply using the end of the December bull seasonality factor with alignment of the markets. SP500 Short confluences: All time high Duplicate...

FalkenFx Updated 

Looking to long gold from the 2010 area, scaling in to the trade if it falls to the round number for a bullish push to end off the year and go into the new one. Confluences: Seasonality in gold, December is bullish for gold going into January FOMC surprise rate cuts going into 2024 & 2025 in terms of tech, we have the 50% fibo here as well the -23.6% from the...

FalkenFx

Looking to buy GBPJPY. Entry and SL on chart. Taking off 80% at 2.2R Confluences for the trade: KL Big 38% Fibo Trendline 3rd touch Will also be looking for alignment across JPY pairs when the zone is near. Catch you later traders ▲

FalkenFx Updated 

Looking to buy GBPJPY from 183.640. Using a 45 pip stop and taking 85% off at 180 pips. Confluences: Big Trendline 4th touch Look left at previous zones of resistance 61.8% Fibo H12 50MA & 100EMA Catch you later traders▲

FalkenFx Updated 

Buy from 2020.50, if gold drops to this point today or tomorrow I will take the trade regardless as this is the big 38 Fib on a Key level. Confluences: Risk Off Environment KL BR 38% Fibo.

FalkenFx Updated 

I am looking to buy Gold off of the 2050-2058 area for a ride up during this Risk Off period. Entry one will be off of 2060 area at half normal risk with a wide 120 pip SL. My second entry will be off of the 53 region with SL at 50 pips. However, I will await the daily close and only take a position tomorrow for this trade . Looking to ride this up to the highs,...

FalkenFx

Looking to Long Gold from the 2006 region. SL will be wide at around 100 pips, I will be targeting the 2060 zone with a latent target of 2100. Confluences: 38% Fibonacci Weekly key level break retest December Seasonal Bull Run Catch you later traders ▲

FalkenFx

Looking to buy GJ from 184.590 SL of 45 Targeting around 100 pips take profit Confluences: 50% Fibo H6 100EMA Recent Key Level EURJPY Alignment for longs Catch you later Traders▲

FalkenFx

Gold Long Idea from 1970. Bit of a wider SL in this trade than I usually do only due to the zone where SL's being tapped is at the low, so I need to allow some breathing room for the trade idea to work out. I am noticing a lower timeframe uptrend occurring now which leads my bias to be bullish for gold at the moment. Earlier in the week I posted a gold short...