Watching this pair to see if we can create a final upward trend squeeze before falling lower, so waiting on entry to see how we play out through Monday. Also looking to see a long-term 2020 trade, waiting to see a final touch of our lower support trend line.
After watching DXY, expecting a double top I am now watching to see NZD/USD create a double bottom, but first I can see us continuing an upward channel, looking for that third touch before entering the trade.
Very nice play coming here, will either be taking the entry as shown or will wait for the brake of the flag. Using a smaller entry will be looking to add in depending on how we play out in the Asian session. Will be updating as we go along
CHF JPY Update - Just opened a second short position
Shorting after the overextended hype. Kept a tight stop-loss, now moving it accordingly. Overbought on the RSI, big rejection candle formed today, waited for the bounce off the new downward trendline. I am keeping a close eye on this pair, for the potential to take profits if we see gold move to higher highs.
GBP/AUD - short after seeing the retest of the correction phase, now running nicely. Hoping to see another correction after this impulse to the downside, to potentially add in further. - 2020-2021 is going to be a massive year for GBP pairs, after being in a massive downward trend since 2015, we are starting to see this currency squeeze demonstrating a huge...
Starting to reject the resistance line, profit targets are down towards our main support trendline.
AUD/USD Now testing our trend line, along with good rejections of the support line. Tight stop-loss could potentially see further lows to touch our daily trendline, watching closely. Will update in more depth soon.
Looking to swing EUR/NZD over the next few days, once we see a pullback to 0.6806. Tight stop loss here to watch how we react to the daily downward trendline.
We are starting to see USD CAD bounce and react well to our major support line at 1.297. Also seeing how we play off the small 1 hourly trend line to continue the upward trend. Risk is at about 0.30%, usually, USD/CAD sees form of manipulation before continuing the trend, so will be watching closely today...
A nice short entry are after seeing a close bounce off the trendline to forming a double top. We are now bouncing off the hourly support trend line, watching for a retest before falling lower and creating lower lows.
Can we now finally start to see NZD USD crack? Been shorting this pair with very tight stop losses this week, and are now running nicely in profit on this after seeing a bounce off the resistance trendline and then formed a nice double top where I took my entry. We are also starting to see a breakthrough in the previous middle resistance and support...
We are now starting to see a push to the upside, watching to see how we retest the 1.8819 area. I am now risking off 1.872 area. Just posting on here as a way for me to keep a journal, but hopefully, help some people along the way! Let me know your thoughts on where GBPAUD is going next! :)
Interesting moves coming with this pair will keep updating as we progress. Watching closely to see how we react to this upcoming triangle pattern before entering the trade! We are also reacting well to the new upward trend support and resistance levels.
Hope everyone had a great Christmas! Great long play coming on here, watching how we broke the 1 hourly downward trend, now retesting the daily trend lines well. Watching closely and looking to get in long, after we break this small 1.8737 resistance level.
I am now out of this trade after quickly closing at break even. I am now watching to see how to react to the resistance trend line to see how we retest to potentially push to further highs. Not taking any trades yet, could potentially look to re-short depending on how we play out over the next few days. Watching the Daily RSI too, trade safe, stick to your plan
Starting to see more rejection below the daily descending trendline.
Trend following here, with close risk management