Simple. Dollar future weakness likely. Resistance + Trend & DXY projection = Short USDSGD *Could push though, watch H4 & Daily candle closures + watch DXY as it may have a bit more strength in the tank!
KISS -> Keep it stupid simple DXY (USD) weakness coming CXY (CAD) strength coming
AXY looks geared up for a significant move to the upside *strength USD (DXY) might push up a little bit more before retracing *USD weakness Might be early on this one, but SL is tight and TP to SL ratio is good.
Could see a bounce, retest, then continuation to the downside or Could see a clean break lower Waiting for confirmation.
Previous Short Setup Netted Us Over 222 pips profit. *All in orange! New setup would be a long either from where EJ is at now or after another stretch to the downside at one of the next support levels. EUR (EXY) -> Could go either way, but the data suggests it will gain strength. JPY (JXY) -> Should see a correction to the downside by later this week, could...
CADCHF, will need more confirmations and a dive into the H4 timeframe before making any trades. Somthing to watch this coming week. Retest expected before continuance of new trend.
Looking at a potential short trade on USDCAD USD could have a bit more strength in the tank first, however. CAD looking to make a nice move to the upside (strength) if it does not break lower on CXY Will have to wait for more confirmation both TA & Funda. wise.
Hello friends! We pretty much nailed it in our last trading idea for BTCUSD (linked below). As expected, the price touched our previous support, our key zone as well as our trendline at $8250 and bounced from here. After our confirmation level at $8380 got hit, we are long. The price is now back above the MA 50 (red line) and we might see another bounce. Our...
Hello friends! The market took a hit but we were well prepared by working with confirmation levels and keeping an eye on Bitcoin (BTCUSD) price movements. The ideas are linked below, feel free to follow up. In this trading idea, we will work with a confirmation line as well (dotted line). If the next two daily candles open in the red box, we will open a short...
Hello friends! This is an update of my previous EURUSD idea, which is linked below. The previously mentioned trendline broke with a heavy and strong move. We can see how a Head & Shoulders pattern developed at the top of an uptrend (purple channel). The Neckline of the Head & Shoulders pattern is mandatory for this trade and a possible entry zone for a retest of...
Hello friends! This is an update of my previous idea, which is linked below. The price broke out of our range (red box in the previous idea) as expected and we are in a downwards move in this moment. While it's very tempting to catch a falling knife, especially after the price surge during the past two weeks, it's now important to verify possible entries. Our...
Hello friends! Ethereum (ETHUSD) is slowly climbing towards our Confirmation Line for a possible long opportunity, while the price-movement of Bitcoin (BTCUSD) is still going sideways. The confirmation line is mandatory for this trade! We open our long position as soon as we close above the line. I'm expecting a breakout to our resistance with a nice...
Hello friends! Gold (XAUUSD) had a strong run-up fueled by news surrounding political issues with the US and Iran. As the hype settled down, the price topped out slightly above the psychological resistance at 1600.00. This event was followed by a strong rejection with a 5% decline, leading to the swing low at 1535.00, which is the first confirmation point for our...
Hello friends! Bitcoin (BTC) had a great run-up and now it's time for healthy price correction. We can see how well the Fibonacci levels are working here. The price is accumulating below the EMA 20 (blue) and the MA 50 (red), which are both trending downwards. We can see a similar pattern from 10th to 13th January with minor volatility, followed by a very strong...
This idea will be updated regularly, so make sure you get notified by following me . If you would like to see more trading ideas like this, please click the like button! Pair: XRP/USD Position: Short Entry: 0.2318 Target: 0.2209 (4,5% Profit) Stop Loss: 0.2367 (2.15% Loss) Duration: 1-2 days Risk: High - use low captial allocation cheers, cryptobuller...
Strong 5+ year-long upper resistance trendline. USD -> DXY (TA) = Weakness +COT Data Supports This JPY -> JXY (TA) = Strength* +COT Data -> Balanced
Bottom supporting trendline, holding. + support structure. *Don't forget about Brexit at the end of this month! GBP -> BXY -> *could go either way -> Betting on BXY strength +COT Data -> GBP = Strength Add in USD -> DXY -> Bearish (weakness) +COT Data -> USD = Weakness
Simple resistance based setup including an ascending channel with resistance trend/zone Add in JXY (JPY*YEN) TA: JXY -> Strength +COT DATA -> JPY = Strength* EUR -> EXY -> Has been weak and it's unclear where it's headed next COT Data suggests that EUR will be losing strength and getting weaker supporting our EURJPY short trade.