Dandrew99

Dandrew99

NZDUSD has hit the monthly trendline. The last 2 daily candles have been reversal candles including the spinning top and providing this one closes as a doji. Showing that the bulls are losing power and potential for bears to push this pair down. On the monthly price is below the 50 EMA, and trending downwards. Opportunity for a large risk reward on this trade....

Dandrew99

XAUUSD rejected a key monthly/weekly resistance. Large scope for a huge risk reward potential. Although overall bullish bias for XAUUSD it should come back to test previous levels before continuing upwards. This does not constitute investment advice. Just my thoughts and ideas.

Dandrew99

EURUSD - 4 Hour Chart On the 4 hour chart we can see potential for a head and shoulders forming within the 'golden zone' of the fibonacci, between 61.8% and 78.6%. Will be watching this area for clear confirmations of a reversal before taking the trade. When looking for a take profit or stop loss. Will be targeting the -27% extension for first TP and the -61.8%...

Dandrew99

GBPUSD breakout of key area and has come back to retest on the fibonacci at the 61.8% extension. Additionally on the 15 minute timeframe we can see a double top formation. We are targeting the -27% extension as our take profit with the SL just above the previous high. We have a 3.53 risk reward ratio. Just my idea does not constitute investment advice.

Dandrew99 Updated 

Potential trendline breakout on the 1 hour and trendline bounce on larger trend. RSISTOCH pointing up as well for more confirmation. Target of 200+ pips. Waiting for candle close and full breakout before placing the trade.

Dandrew99 Updated 

GBPAUD - BUY Analysis

Dandrew99

Looking at potential SELL opportunities for NZDUSD when it reaches its key level again, if this level is rejected we should see a double top and key area rejection. This will be a good entry point for a sell to ride it back down. Will be aiming with a take profit of 0.60000.

Dandrew99

Has tested the trend line a couple of times, with the RSI-stoch in the overbought zone but curling in as well. If it successfully breaks the trend line by about 10-15 pips or so. Will look to enter a sell trade. With 2 take profits one at 30 pips and another about 75 pips. A stop loss just above the previous high. Just my thoughts, doesn't constitute investment advice.

Dandrew99

Gold has broken out of the trend line after testing it multiple times. It came back and retested and now looks to be a potential breakout on the upside. However, it is just as possible that Gold may retest its long term support. If it breaks this support level I would anticipate that it would continue the downtrend. If the uptrend continues would believe it'll...

Dandrew99

GBPUSD has touched upon the trend line multiple times before actually breaking through. It has now retested the line so by setting a pending order for around 1.17107. By hitting this level it would reassure about the buying pressure for the breakthrough. Setting a stop loss below the lowest low and aiming for a 1.5 risk reward ratio. All of this price action...