NZDUSD - 24h expiry Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 0.5850 will confirm the bullish momentum. Short term RSI has turned positive. The measured move target is 0.5900. We look to Buy at 0.5820 (stop at 0.5790) Our profit targets will be 0.5895 and 0.5900 Resistance:...
Gold - 24h expiry - We look to Buy at 1994 (stop at 1979) Previous resistance level of 1997 broken. A Fibonacci confluence area is located at 2033. Due to an Ending Wedge formation, we continue to treat extended gains with caution. The Marabuzo level from the 27.10 is located at 1995. The previous swing high is located at 1994. Preferred trade is to buy on...
UK100GB - Intraday Posted a Double Bottom formation. A break of the recent low at 7328 should result in a further move lower. Short term bias is bearish. Trading within a Corrective Channel formation. The lack of interest is a concern for bulls. The bias is to break to the downside. We look to Sell a break of 7319 (stop at 7369) Our profit targets will...
NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. A move through 87.00 will confirm the bearish momentum. The measured move target is 86.25. We look to Sell at 87.42 (stop at 87.82) Our profit targets will be 86.42 and...
This is trade idea for EURUSD Day Trade -Sell around BOS according to the confirmation that will occur. -Price below SSLQ Asian KZ -Possible bearish price movement towards the support. -Risk Reward 1:2
This is trade idea for GBPUSD Day Trade -Sell around BOS according to the confirmation that will occur. -Price below SSLQ Asian KZ -Possible bearish price movement towards the support. -Risk Reward 1:2
This is trade idea for AUDUSD Day Trade -Sell around BOS according to the confirmation that will occur. -Possible bearish price movement towards the support. -Risk Reward 1:2
This is trade idea for EURUSD Day Trade -Sell around FVG according to the confirmation that will occur. -Possible bearish price movement towards the support. -Risk Reward 1:3
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Momentum is flat, highlighting the lack of clear direction. Further downside is expected. A move through 0.5800 will confirm the bearish momentum. The measured move target is 0.5750. We look to Sell at 0.5860 (stop at 0.5892) Our profit targets will be 0.5780 and...
This is trade idea for AUDUSD Day Trade -Sell around FVG according to the confirmation that will occur. -Possible bearish price movement towards the support. -Risk Reward 1:3
GBPUSD - 24h expiry We are trading at oversold extremes. A higher correction is expected. Indecisive price action has resulted in sideways congestion on the intraday chart. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. We look to Buy at 1.2095 (stop at 1.2045) Our profit targets will...
This is trade idea for GBPUSD Day Trade -Sell around FVG according to the confirmation that will occur. -Possible bearish price movement towards the support. -Risk Reward 1:3
This is trade idea for EURUSD Day Trade -Sell around FVG according to the confirmation that will occur. -Possible bearish price movement towards the support. -Risk Reward 1:2
Hi Traders! USDJPY is struggling to break the psychological 150 level, and there might be a possibility of the US dollar slowing down due to strong data coming out of Europe. Price Action 📊 The market has reached the psychological level of 150 and has been trying to break the level for the past three weeks without any success. The market may have run out of...
EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. Short term bias has turned positive. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 158.95 (stop...
After much bullish candles at the open of the New York session on Monday, US30 continue bullish and toward the close of the market we have massive bearish candles. We should expect strong retracement to the downside breaking the support zones before the open of NY session today.
SHORT TRADE IDEA Entry: with price below 10.82 Volume: with volume greater than average Target: 8.90 area (this is an area, no guarantee it reaches this price, but you should be selling on the way down) Stop: Depending on your risk tolerance; I would have a hard stop set at 11.39, 1 penny over the high of the gap up candle. LONG TRADE IDEA Entry: with...
EURAUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 1.6825 will confirm the bullish momentum. Short term RSI is...