Hello, Traders!
Pretty good looking setup on NC. Price is continuing to form next HH and HL. I see a nice break of the most recent high and expect a continuation to the upside.
First target 1:1
Second Target 0.64
Final Target 0.645
Cheers!
DovyFX
After the Brexit deal was done I expect the GBP to show a lot of strength with this perfect technical and fundimental confirmation I believe this is a good opportunity to go long on this one.
DovyFX
CHF has been really strong lately. This pair is showing strong momentum to the upside. I will enter only if I see a strong 2h close above the blue line. Cheers!
Same thing as the previous idea. GBP should be really strong after the Brexit deal was sealed. Technically this pair just broke the trendline with a beautiful retest. If we can have the price to break the blue line I will be looking to enter long.
DovyFX
Beautiful setup to go short if it confirms. Nice rejection of 141.0 level with a strong bearish momentum to the downside. I will be waiting for price to close below the recent low for a possible move to the downside.
DovyFX
Finally EUR pushed back up to retest this zone. I have been waiting for this for 3 days... I will wait for price to close below the blue line to go short on this setup. Cheers!
DovyFX
JPY has been showing some strength and gave me a confirmation to go short. I am still waiting for the level that is market blue to be broken before entering the trade.
Cheers!
DovyFX
I was in a short position on this trade, but closed in small profit last week. Right now looking at the price action we see some bulls joining the game.
Since EUR didn't open really strong and it is just Monday if this trade confirms I will be entering a position with only 0.5% risk.
Have a great week everyone!
DovyFX
I had some extra time to do some backtesting and record it for everybody here. Hope you guys enjoy it. Cheers!
P.S.
Had to cut it short, because I had some guests that came over to my house.
While doing some backtesting I caught a crazy move to the downside that I just couldn't resist to share with You, plus adding some details about my strategy.
Hope you guys find this helpful! Cheers!
DovyFX
Just too many confirmations on this one technically. Broken trendline, retest, double top, golden zone fib retracement. I will wait for 2H candle to close below the blue level. If the candle is strong and bearish I will be risking 2% on this trade. Cheers!
DovyFX
If we can get a nice bearish close below the blue line these is a great opportunity to sell this pair.
After breaking the trendline we saw Bulls trying to get back in control by making a higher high but bears a still under control and strong close below the level would be a great indication of a move to the downside.
