Hi guys. On the monthly timeframe GBPAUD had an uptrend which was broken. Price is currently ranging while journeying towards the retest of the broken universal trend. I reckon the bears are accumulating more positions before pushing the market down. Please like, comment and follow me for more ideas. Let's grow a community of skilled and profitable...
DXY is looking bullish for the week so we are all aware of the implications on XAUUSD. Price also formed what looks like a textbook head and shoulders pattern with the confluence of the intraday trendline support and key level I'm expecting a sell off to our daily support. Then from there I will look for bullish pressure to the daily trendline resistance. Upon...
NAS100USD super bullish rally to the top of the channel, Expecting some bearish moment to the downside. Once price reaches my first key level I will proceed to do what any sensible trader would and lock in profit by closing half my order and let it run. If price comes back up against me I will walk away with profit and if it passes that level I will scale in...
Hey Traders The DXY has been consolidating since it first made that new low in JULY. Now into the end of August price attempted to push lower but the bears failed to maintain that level and broke back into the range. Straight of the back of breaking into the range price created an uptrend pattern. Could this be the end of the USD weakness? Well if we maintain...
NZDCAD is full on bearish, will price continue down or respect price action and make a new lower high? Well the week is coming to an end and the this moment in time the price action is insufficient to tell. Let's see how this pair plays out next week.
Hi Guys, Please like or comment on the idea if you agree (or not).
XAUUSD formed a beautiful W pattern, looking for more bullish pressure to the upside
XAUUSD is advancing towards our previous highs from SEPTEMBER 2011 which has turned to support. I am waiting for price to reach this area before going long (with the confluence of price action of course).
I'll be looking to go long on this pair, currently price is testing previous resistance from which is broke out.
GBPCHF is moving between the channel, we so a breakout but the bulls could not maintain the highs (marked with the red ray) or break above it, so according to my strategy this qualifies as a fakeout because we saw an immediate break back into the channel. Please like or comment if you agree (or not)
Hi Traders, NZDJPY seems to be creating a Higher Low on the 1H Timeframe as well as the wick rejections and other candlestick patterns on the 15 min Timeframe. I am going long on this pair for a short buy. Please like or comment if you agree (or not).
Hi Guys, EURJPY is bullish for swing trades, but the intraday trend is to the downside however the trend is failing to continue lower than Fibonacci level 0.5%. Just to play it safe I'm sitting out of this trade and will only enter once the intraday trend shifts up and retests. Possible entries are on the chart. Please like and comment on the idea if you...
Hi Guys, DXY has been ranging, but we came from a the lows of the previous week ( 3 - 7 August) which were around $92.47 up to the highs of this week $93.90 hence the strength in the USD pairs with some exhaustion towards the end of the week as price is journeying towards the lows ($92.47) but we stuck in the middle. The trading plan is as follows; Whatever...
Myself and the group is in an active NZDCAD trade. We will hold this trade for about 24 hours or up to close of business tomorrow.
Looking for CHFJPY to respect the channel like it did or break for a new high. Time will tell
GBPJPY reversed from the downtrend it was in, personally I will look for buys
DXY has been strong these past two days but still could not over power the overall weakness of the dollar. Long term I'm still bearish bias on DXY