Hello All - DuncanForex.com with another trade idea.
I am entering additional long positions on GBPUSD off of support and I am looking at the 1.2870 level for Take Profit.
This trade may take a few weeks to play out and the end of the week could be bumpy with month end positioning, however I am long anything xxx USD and short anything USD xxx.
Hello all - DuncanForex.com here with another trade idea
As per my Gold short trade - I think USDJPY is ready to head a lot higher. (see related trade below)
On the monthly chart it printed an amazing pin bar (back in Jan)
It is now at the 61.8% retrace level (just under it by about -60 pips (on a weekly chart)
I think this could head up to 115 level easily...
Hello all - DuncanForex.com here with another trade idea
Gold - has finally rolled over - I'm in at 1436.2 and 1431.3
I am looking to take one position all the way down to the previous level of support. - of 1408
On the 4 hour chart that closes at 7:00 am BST - it should print a lovely bearish pin bar
If the low is broken of that candle - I will take a third...
Hello all DuncanForex.com with another trade idea
This one is dependant on Market conditions,
It is currently consolidating - sitting on Support whilst lower highs are continually made.
It is creating a triangle pattern and I am waiting for it to either break out and retest above the triangle or break out and retest below for a short opportunity.
Hello All - DuncanForex.com with another TradeIdea
This time it is Bitcoin.
With Bitcoin breaking through the key 10,000 level.
I expect it to retrace to this level and if an engulfing candle appears - there could be scope to enter on the upwards trend line.
If it breaks through that main upwards trend line - I will be looking to enter between the 61.8% and...
I am looking for GBPJPY to retrace to support having broken through resistance on Friday
The weekly chart has printed a great dogi bullish bar between the 61.8 and 78.6% retrace of the current move.
On the weekly and the monthly charts are great pin bars printed December and January respectively.
I am bullish GBP (And EUR and AUD) and do expect this...
Following EURJPY make great moves in the last 24 hours, I am looking for the pair to head higher
The pair have now retraced to dynamic support which was resistance. (in the down trend on the left picture)
On the right picture I have dropped down to alower time frame to show where I would be looking to enter if it starts to cycle higher and a bullish...
I am looking to get in to GBPUSD
With a weakening USD and GBP gaining strength dependant on sentimental short term views, i think that price will retrace today back into the 50% to 61.8% area of the Fibonacci region highlighted within the picture.
Price could carry on or only retrace back to 38% area, however we will look for buy signals at these...
I thought i would post a video of how i completed my analysis and entered 6 trades in total for AUDUSD.
All with different lot sizes dependant on approach and also how I managed my risk going into the FED news, and how with 6 trades triggering at different times (risking 1% of my capital for each trade) - I only had 3% at risk at anyone time which I...
Following the pullback over the end of last wee into this week
On the daily time frame, we now have a double bottom, forming.
Along with divergence on the RSI
Yesterday's daily candle was broken on the high and after a retrace to previous resistance (now support) - AUD has gained strength again back to near highs of the day (so far)
I entered at...
Following the USD strength heading into last Friday and the pull back - I am expecting USD to potentially stay strong for the next day or two until the FOMC on Wednesday and the USD to weaken considerably. (after some stop hunting.)
I am looking to go long at this level - which is a 61.8% retrace of the current leg higher.
EURUSD is cycling higher...
Following the Long Gold trade I took 2 weeks ago - I have been looking to get back in and ride what I believe will be a second leg higher.
With the price action today , where it has bounced off support and has started to cycle higher on the 1 hour chart - I am taking 2 trades, one conservative and one with a tighter stop.
The risk is 1% for each,...
Following the breakout of the trend line that has been built over the past few weeks, the pair has continued to cycle higher and has now come in contact with what was previously dynamic support that may now become resistance
If the lows are broken as per the picture, I think AUD could quickly gain strength against the Euro.
This is based on Euro...
I take great pride in developing my trading approach to enable me to achieve this (it was a great month that surpassed a 25% capital increase in April)
I hope that through publishing my trades, you have found them interesting, along with my Gold video from last week, giving an insight into my preparation before taking a trade.
In the pictures are two...
Following the weakening USD on Friday due to NFP along with Hawkish Fed members giving dovish views on interest rate cuts, the USD is potentially going to weaken considerably.
I am looking to enter a second entry into GBPUSD Long following Friday's Price action.
Please see related idea below.
I am looking for a new high to be made as per the Long...
I thought i would post a video of why i went long on Gold on the 28th May
I discuss within the video the following
Overall view on Gold
Long term fundamental views on USD and why it is weakening
Why I am looking to go Long (not short)
How i place support and resistance and importance of dynamic resitance lines (angular) as well as horizontal.
I have been bearish dollar for a few weeks in my posts which is now starting to pay off.
With the inside day bar created on AUDUSD, if todays high is broken tomorrow - I expect AUDUSD to rocket higher.
In turn - all XXX USD pairs to go up and vice versa for USD XXX pairs.
For GBPUSD (and any currency pair) - and trading through NFP, the trick is to get...
FOllowing on from last week's short position on EURAUD, after the new that came out yesterday, I am expecting continued AUD strength (same as my other trade for AUDUSD)
I do expect this to fall in the coming days and add to my existing open position.
Thanks for looking
Duncanforex.com coming in 2 weeks.