AUDUSD has been trading in an upward channel since October, and has recently tested and rejected the upper edge. I suspect we’ll see a fall back to 0.685. A downward break could open a fall back to 0.62. I’ll be looking to enter Monday / tuesday. If the lower end of the channel is tested early Monday and holds, then the same could be open in a long position....
Watching USDJPY this week also. I think there is an argument for a 2/300bps move up to test this channel. A break up there could unlock a long run for USD, but failure to break resistance and you have to start to consider 115 which was where the pair were trading around March 22. Follow me for up to date trade information.
Afternoon TradingView, I wanted to share a recent trade shared with my community & this platform. A massive move in GBPAUD. I shared this idea here on the 17th Jan. I’ve been updating the 1021 challenge team throughout this move, and I will continue to hold up to 1.81/82, but here we had clear support, a descending triangle, break and retest, then run. Almost...
Expect to see significant resistance here for EURCAD. Two attempts to break in 2022 failed, let’s watch closely for a short, or if a break and confirmation, long to 1.60 may be on the cards.
Looking long here for EURJPY. Clear support at 138.00, potential drive back towards 143.00. Follow for exact details.
Usdchf struggling to recover from recent drive down. I have just gone short here with a tight 30bps SL. Exact info available through my profile. Next major support I can see is 0.90 / 0.895, so looking for a 150bps gain at 5:1 RR.
Overnight news has opened the door to a trend reversal here. NZDJPY had broken the recent trend line, and there is scope now to run up to 88.00. Give me a follow for more trade ideas.
This pair has broken from its downtrend. Seeing significant support at 95.00. I am entering a long trade here back up to 100.00 initially, and 104.00 in extension. Exact trade info available through my profile.
Clear resistance here at 0.64-65. Several attempts up have failed. Looking short here down to around 0.62, at the bottom end of the channel. Check out my profile for more info on me and my trading strategy.
I can see here a higher low and support around 1.335. Momentum indicators are turning in favour of an upward move. I am now long here from 1.342 (-50 currently) but expect the pair could possibly move back up towards 1.37 in the near term for 350bps. What do you think? Give me a follow to see latest thoughts and opinions.
I suspect we will see GBPJPY pushing up to 161.00 as the next price target, having found support around 155.5. In Nov / Dec 22 we saw a very similar move, visible on the 4HR. If the pair fails to break 161.00 it could open up 150 on the downside. However if resistance at 161 isn’t overly strong, we could see a near term run up towards 168.00.
We can see GBPAUD becoming range bound. The pair clearly found support at 1.748,as it has 4 times before. I am long here looking for a move back to around 1.82. A break up could open up 1.92 as the next extended target. Thanks, follow me for more.
I highlighted it to the TradingView community with some other analysis last week. I saw EURGBP reject recent highs, and expect to see it move back towards 0.86. There is still time to get into this trade, a move below c.878 and there is no real support until 0.86. Follow me for more.
Eur has had a massive run in 2022, and I suspect as winter grips and data becomes more and more miserable, we’re going to see Eur give up some of these gains. I took todays price action as a chance to go short. I will look to run this in the near term back to 1.05, and potentially lower if momentum carries.
Hey team, weakening EUR, I have entered a sell here. I expect the pair to give up some of the 2022 gains, so have set a target of 1.38.
Clear downtrend here for this pair over the last 12-18 months. We’ve seen a rejection at 0.60, and a move away from 0.595 in the pairs latest attempt to push up. I am entering a small short here for a longer term hold. Target 400-500bps.
This pair hit 0.618 fib on the Dec downtrend and has failed to break through. I suspect we’ll see things slip back to 1.10 for c.300bps
Possible long move here for CHFJPY. Looking at a push back to 140-141 (0.5/0.618fib). Significant support where we are. I will be looking to enter Monday if support holds.