Next, we have the USD/CHF. This pair has been bearish over the last 10 days or so, but is heading right towards a nice level of Major MONTHLY Structure Support Zone. This is a level that has been tested multiple times and has pushed this market around. So, because of that, I will be looking at this level for some possible counter-trend long opportunities this...
Hey Traders! Happy Sunday, let's get this week started right with the Top FX Pairs on my watchlist, And all the zones I am looking for possible trades in for this week. Firstly we have EURUSD which for the whole of last week was in an Uptrend. This pair has just crossed over the 50EMA and is now coming up to a Major WEEKLY Structure Resistance Level . This is...
Current in a GBPUSD trade after seeing DB and an engulfing candle form on the Daily Chart. Will be moving my Stop Loss when we hit our first target or 10Pips away from first targets. I have This trade Ratio @ 2:1R/R because I didn't want to open mutiple positions and monitor this trade going up! Until Next Time, Happy Trading
NZDJPY is coming off of a very bearish week last week. Price action is currently operating in a monthly support zone which has been testing multiple times. This level in BROWN is an area that I will be looking for possible long trades this week. Monthly Support Zone- (59.446-62.944) On the other side of the market, we also have a level which is the daily...
Morning Traders Firstly this week lets check out USDJPY! The Market is currently in an uptrend crossing the 50EMA heading towards a weekly structure esistance zone that has been tested multiple times in the past. This week I'll be looking for possible counter-trend opportunities to the downside. I'll be keeping an eye on the 4HR Chart for Entries &...
Earlier This week I placed a BUYLIMIT Order @1470.980 after the market had entered into a monthly support level which has been tested multiple times. On this trade I had a 4:1 R/R but the trade closed hitting my 2nd target @1531.876 before being stopped out on my 3rd position. Reason for Entry: 1. Market Price between support levels (1435-1463) 2. Over-sold RSI...
Lastly, we have the GBP/USD. This pair is in a large downtrend like so many other currencies right now. Like many other pairs GU is on the back of global coronavirus-related uncertainty. This pair however has created new market lows (1.14502) surpassing the previous market low which occured October 2016 (1.16496). The Market is also currently over-sold on the RSI...
The EUR/USD is essentially in a downtrend. But, current price is in an Optimal counter-trend trading zone. This area is the monthly support zone that I look for possible long trades throughout the next couple of days and weeks. I'll be looking for an Entry Point on the 4HR timeframe! Support Area (green zone) = 1.07652-1.10240
The USD/CHF is still in an uptrend and has just pushed above the 50 ema on the daily chart. This market is heading up to a level that has been tested and reacted to multiple times by the USD/CHF. Because of that, I think this could be an area that this market uses for an area of resistance and because of that, I will be looking in this area over the next couple of...
OANDA:CADCHF Happy Wednesday Traders Let's get started with the CADCHF. This pair has pushed down very strongly on the daily, weekly and monthly charts. Also, it has crossed past a valid area on the daily support level. This is an area that the CADCHF hasn't tested multiple times in the past as support and resistance and is possibly an area that we could see a...