FirePips

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About me I am 29 yrs old full time Forex trader. Hope to share my experiences and make some friends along the way. Follow me to receive Free Forex Signals.
Joined Australia FirePips
Markets Allocation
83 % forex 17 % commodities
Top Mentioned Symbols
GBPUSD 33% | 2 AUDCAD 33% | 2 AUDUSD 16% | 1 DX1! 16% | 1
FirePips FirePips GBPUSD, 240, Short ,
GBPUSD: $GBPUSD 200+ Pips Trade Setting Up
218 0 1
GBPUSD, 240 Short
$GBPUSD 200+ Pips Trade Setting Up

Price range bound on Weekly and formed double top on Daily. If it fails to break above then we have over 200 pips downside potential.

FirePips FirePips AUDCAD, 240, Short ,
AUDCAD: AUDCAD Impending Sell Off #Syria #War
110 0 0
AUDCAD, 240 Short
AUDCAD Impending Sell Off #Syria #War

CAD is likely to gain strength since a war in Syria will impact OIL prices.

FirePips FirePips AUDCAD, 480, Short ,
AUDCAD: AUDCAD Downtrend Primed For Continuation
93 0 0
AUDCAD, 480 Short
AUDCAD Downtrend Primed For Continuation

AUDCAD has broken below the range and now re-testing the range boundary. Price is likely to move lower from here if the breakout is sustained. Overall trend on higher timeframe is also bearish.

FirePips FirePips AUDUSD, 240, Short ,
AUDUSD: AUDUSD Bear Trend to Resume
134 2 1
AUDUSD, 240 Short
AUDUSD Bear Trend to Resume

Aussie bear trend is still intact since the Bulls have failed in moving the price higher. I expect price to move lower and reach the previous low / support area.

FirePips FirePips GBPUSD, 240, Short ,
GBPUSD: GBPUSD Pending Short
137 3 1
GBPUSD, 240 Short
GBPUSD Pending Short

GBPUSD seems to be moving inside a weekly range and currently looking to move lower from upper range boundary. Taking a small 0.25% risk on this trade. Pending Short at 1.5571

FirePips FirePips DX1!, D, Long ,
DX1!: Dollar Index looking to break above
138 0 0
DX1!, D Long
Dollar Index looking to break above

Dollar Index testing Channel high, bouncing up from double bottom. Breakout above is likely given recent fundamentals. All eyes are now on next NFP data. That will determine if FED will start tapering in September. If they do expect to see a rally in Dollar Index.

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