I am expecting a Hawkish FOMC this evening, but at the same time I am not going assume a particular reaction ahead of time and try to trade it based on what I think, but rather be reactive after the data has been released. My plan to trade gold on FOMC has two variations. If gold decides it wants to rise I will be taking a short position from the KL indicated at...
Looking to Long GBPJPY, post BOE. Expecting a relatively neutral BOE, from this reaction may see GBPJPY reaching out price of interest 184.50. Confluences: 38% Fibonacci Key Level Retest Daily 50MA Catch you later traders ▲
Looking to short the Nikkei Index from 36930. With the Nikkei trading at the all time highs there is limited price action to follow for set ups therefore only taking into consideration my strongest confluences and reasonings for trading the market. The last BOJ was Hawkish which gave the index a slight push down. Now price is approaching this level again at the...
Looking to Buy EURAUD from 1.63250. I personally think the D200EMA will be slipped but some pullback potential is possible from the zone. There is also Alignment with EURNZD, which sits about 50 pips away from a potential zone of confluence, creating nice market alignment for the buy. SL 45 pips Full TP 120 Confluences: 61.8% Fibo Intra KL D200EMA
First Trade of the year. Looking to short GJ from 184.150. Reason being is following the release of COT data post Xmas, we've seen an increase in Pound shorting and increase in Yen longs from commercial/institutional firms. To play this bias out from the data my area of interest is here. Confluences: Daily 50MA KL COT Data in favor Alignment to USDJPY Catch you...
By short the market, I mean to short the S&P500 and the Nikkei (JPN225). Reasons for shorting these markets is alignment and the extreme overbought state it is in at the moment. This is not a bear market prediction, simply using the end of the December bull seasonality factor with alignment of the markets. SP500 Short confluences: All time high Duplicate...
Looking to long gold from the 2010 area, scaling in to the trade if it falls to the round number for a bullish push to end off the year and go into the new one. Confluences: Seasonality in gold, December is bullish for gold going into January FOMC surprise rate cuts going into 2024 & 2025 in terms of tech, we have the 50% fibo here as well the -23.6% from the...
Looking to buy GBPJPY. Entry and SL on chart. Taking off 80% at 2.2R Confluences for the trade: KL Big 38% Fibo Trendline 3rd touch Will also be looking for alignment across JPY pairs when the zone is near. Catch you later traders ▲
Looking to buy GBPJPY from 183.640. Using a 45 pip stop and taking 85% off at 180 pips. Confluences: Big Trendline 4th touch Look left at previous zones of resistance 61.8% Fibo H12 50MA & 100EMA Catch you later traders▲
Buy from 2020.50, if gold drops to this point today or tomorrow I will take the trade regardless as this is the big 38 Fib on a Key level. Confluences: Risk Off Environment KL BR 38% Fibo.
I am looking to buy Gold off of the 2050-2058 area for a ride up during this Risk Off period. Entry one will be off of 2060 area at half normal risk with a wide 120 pip SL. My second entry will be off of the 53 region with SL at 50 pips. However, I will await the daily close and only take a position tomorrow for this trade . Looking to ride this up to the highs,...
Looking to Long Gold from the 2006 region. SL will be wide at around 100 pips, I will be targeting the 2060 zone with a latent target of 2100. Confluences: 38% Fibonacci Weekly key level break retest December Seasonal Bull Run Catch you later traders ▲
Looking to buy GJ from 184.590 SL of 45 Targeting around 100 pips take profit Confluences: 50% Fibo H6 100EMA Recent Key Level EURJPY Alignment for longs Catch you later Traders▲
Gold Long Idea from 1970. Bit of a wider SL in this trade than I usually do only due to the zone where SL's being tapped is at the low, so I need to allow some breathing room for the trade idea to work out. I am noticing a lower timeframe uptrend occurring now which leads my bias to be bullish for gold at the moment. Earlier in the week I posted a gold short...
This one trade Idea is split into two different entries as there are two strong levels close to each other here that can have potential. First is the previous high created this week- Entry at 188.20 with an SL of 88 pips and TP1 at 1:1. 2nd Entry is the weekly key level, here I would like to see divergence on the TDI upon entry for a stronger move can expected...
Gold Short from 2002. SL 55 pips, targeting the 1982 area. Confluences: Key level 2000 zone of resistance Big Trendline 3rd touch All of these are enough to consider a short for me.
Looking to short the Dax from around 15550. Confluences- Big 50% Fibo Intra Key Level. TP 1 I will be removing most of the position as I am not sure if it will continue down from this point and TP2 I will close fully. Will look to see if other Indices are lined up to a tradable area if the Dax reaches there.
Looking to short GBPJPY from the previous high around 186.60 area Targeting around 150 pips for TP Confluences: Alignment with a couple other pound pairs at significant levels Alignment to EURJPY at Weekly resistance zone GBPJPY Previous Yearly High Entry signal on TDI