BOE Thursday, NFP Friday...The Dollar has derived little or nothing from the hawkish leanings of Fed’s Waller who argues that with inflation running well above the 2% target an announcement on taper could come in September for an October start, and the FOMC should do it early and fast in order to be in position to increase rates in 2022, if needed.
In fact, the Buck is still on the back foot against almost all major counterparts and EM currencies, as the index continues to pivot 92.000 and skirt round numbers vs several G10 peers, like the Pound either side of 1.3900 in the run up to ‘super’ BoE Thursday and NFP the day after. Watch out for fridays impact and make sure to manage trades around the announcements.
Pips
EUR/JPY continues bearish momentum...The Yen is gleaning traction from a relatively favourable yield backdrop and fragile risk sentiment to offset Japan’s deteriorating COVID-19 situation. Finally a continuation to the downside has occurred with the potential now to continue into fresh lows. 127.50 would be a nice landing spot over the next week or so.
GOLD IMPULSIVE MOVE EXPECTED! +-350 PIPSThe wedge is my favourite setup to trade: WHY?
- Sniper entry (Low risk:reward ratios!)
- High probability setup.
- Indicates market is preparing for big move to up or downside.
Important to practice patience with this setup. A lot of fake breakouts can occur. Recommend waiting for the break and RETEST CONFIRMATION! On a higher time frame.
Overall bias is to the DOWNSIDE but in terms of my entry, It can go either way. Once price breaks and retests- I will buy / sell in that direction. To catch the 350 pip move.
What are your thoughts?
Gold H4 - Range TradingGold H4
I have to keep this one going really, even with the US data last week causing some big downside wicks (stoppage likely), support still ended up holding and our market close and open was there or there abouts with the bottom of our support price.
Simply looking to buy from support and sell from resistance until we see a very clear break of this orange range box.
EURAUD 4H PRICE ACTIONEURAUD has been in a slight up trend since March this year.
We are looking for an option that follows the growth trend of the euro.
Resistance at 1.5875 becomes support from July 16th.
The trend continues.
100 pips above resistance at 1.5975 becomes support from July 19th.
The trend continues.
Fib 0.236 was not observed as well as Fib 0.382.
A suitable possible option for buy is at the meeting of the support line with the trend line, which is also in the "golden zone".
Techniques such as moving average show up trend.
My expectations are LONG TERM @ 1.5985
NZDCHF long trade live ☝️👍Trade has been running for an hour.
Entry details are shown on the chart.
We're only looking for the green line which is take profit target.
Trade history can be seen below this trade idea too for full transparency.
Previous trade is also shown on the chart unfortunately stop loss hit.
Lets see how this one plays out.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
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Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
EURCHF long valid 📈🙌Trade has been running for a few hours.
Entry details are shown on the chart.
We're only looking for the green line which is take profit target.
Trade history can be seen below this trade idea too for full transparency.
Previous trade is also shown on the chart.
Didn't find intended target before this long presented.
Lets see how this trade progresses.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
NZDCAD H4 - Long SetupNZDCAD H4
Resistance has seen an upside breach. Waiting for a support pullback, once of the main perks trading this strategy, regardless of whether a zone holds and rejects, or breaks and retest. We can also prepare and measure the trade or alternative trade, depending on what happens.
As annotated, waiting for the pullback (just like DXY H4 chart) before looking to load up on long positions, TP initially would be the breakout high extension.
Nice H1/H4 trend which looks clean too, so a nice continuation of that would work in bull favour.
DXY H4 - Long SetupDXY H4
We covered this yesterday in the analysis webinar, since the EUR/LON session has kicked off, market volume is back we have seen an upside USD resistance break.
Need to be patient now and wait for price to retest/pullback back to our demand/support zone so we can eye up potential USD*** long opportunities, or ***USD short opportunities.
NZDCHF long trade alerted 📈👍Our reversal strategy has alerted this trade on NZDCHF working the 15M time frame.
Entry details are shown on the chart.
We're only looking for the green line which is take profit target.
Trade history can be seen below this trade idea too for full transparency.
Previous trade shown on chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
NAS100 SELL ENTRY FOR 115 PIPSThis was a NAS100 Sell Entry Trade Idea for 115 PIPS profit on Thursday July 15/21
Please follow the ABC Breakdown to understand the psychology of this trade
A) Nas100 was in an area of consolidation (accumulation/distribution) where price action was trading sideways
B) At 10:15am EST, we had a bearish breakdown at a key support level 14880
C) We initiated a Sell Entry on the impulse candlestick break at 14880 support, where we watched for the close of the candle below the key support level. Bearish momentum continued to the downside
D) Price action continued in the bearish direction creating lower highs and lower lows
E) Take profit was around 14767 for a total of 115 Pips from the sell entry
It is always important to scale out of your position by taking partial profits, and leaving the rest with a breakeven stop loss for further profits
Thanks for the support
Stock Sniper Trading
USDCHF long progressing 📈👍Entry details are shown on the chart.
Unfortunately details have printed behind two previous candles so horizontal lines drawn showing entry, TP and SL
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
USD/CAD heading for 1.2600...The Loonie’s luck continues to ride on or rest with the fortunes of oil in the main, and another and more pronounced fallout in WTI and Brent has pushed it back down to the bottom of the G10 pile as USD/CAD rebounds circa one big figure from the low 1.2400 area irrespective of upbeat Canadian Ivey PMIs. Further bullish moves anticipated into new high territory.
AUDNZD H4 - Short SetupAUDNZD H4
really nice rejection, perfect evening star on the H4 yesterday on a key resistance zone, stacking price action with higher timeframe, powerful trading zones is exactly what we aim to do with these less impulsive pairs, ended up pushing 5R from the lowest price before the market correction.
Could see downside continuations come back into play as we approach this interim S/R and 1.07 handle.