EURUSD did a nice job of breaking the rising wedge, I've been shorting it since 1.1330. I think/hope we have another opportunity to sell this pair at a retest of the daily pivot at 1.1320. SELL trend line break for confirmation TARGET: 1.1200/1.1150 STOP: above the highs, failure of the wedge I'll be updating the details about this in our free chat, you can...
GBPUSD has been playing around with those low levels for a while, I don't think the party is over yet. I'm looking for at least one more test of the 1.3000 area before we see this start to rally. We have a small rising wedge here, I'm looking for a break out down into 1.3040/1.3000 area. Stops above the recent highs entry to sell at the break of the trend...
NZDJPY has a few clean levels, I don't give a good gosh darn which way it goes, I'll take either one of these, a move lower should produce 200-300 pips and likewise a move up should be similar. We just need to get out of this channel/trend line area. See how we trade and manage this position at www.daytradersfx.com
GBPCHF is sometimes a quick mover and doesn't give a lot of time to think about it. For that I'm ready to trade a break, it's setting up for a nice move up into the weekly pivot, that's only about 100 pips but I don't kick 100 pips out of bed for eating crackers. If this 1.2565 area doesn't hold, I'll get out pretty quickly, otherwise I'm holding onto 1.2670 for...
EURNOK will do nothing for MONTHS and them WHAMMOOOO it goes crazy! Well this time crazy is awesome because it's helping confirm the big daily head and shoulders pattern we have. We are looking for a 5000-6000 pip move here, large stops are required (above 9.50 right now) but much larger profits are expected. The break and retest will be good to help us get...
Have you traded GBPAUD much? It's a pair that will do whatever it wants whenever it wants, and I love that... it makes me feel alive, kind of like "today might be the last day I ever trade!" Anyway, the money to make on this pair is outrageous, IF you are patient. Here's what I want to see: 1. more more big move lower into the mid 1.60's (1.65 ideally) then i'm...
We've talked about GBPUSD for some time, USD pairs are a bit sloppy but 1.3300 is such a clean level, I want to trade a break out when/if this happens. We have crazy BoE news on Thursday, who knows what Carney and the Bank of England will do, surprise. We should see a nice movement at the break of 1.3300 to at least 1.3425 area at least! See more at...
We have two pretty good options on USDJPY, a break above 102.50 could take this up for a quick move into 103.20 and even 103.50. However if this holds below 102.50 I'll be looking for the larger trend line break around 102.00 and a move into 100.00 and even 99.00. I'll take this either direction, if either break puts up a fight I'll exit quickly with small...
We have good numbers on the 15 minute 200 ema indicator, plus we have 3 missed daily pivot points, such a great set up. These are great to trade with a trend line break but when you have 3 consecutive missed pivots plus a long time since the 15 minute chart has hit the 200 ema, these are really high probability. To learn more head to www.daytradersfx.com for...
we're watching GBPCAD for a simple break out, it was a very clean head and shoulders pattern, as that continues to consolidate it turns more into just a nice break out area. A move above 1.7450 looks very interesting for a move into weekly and monthly pivots around 1.7800-50 area.
We have such great set ups on several GBP pairs and EURGBP is no exception, this is so clean and beautiful! I want to sell the break of the neckline at 8300, target the monthly pivot at 8100 and have stops above 8400
The AUDJPY from earlier worked out very nicely, it was a quick and easy 150 pips, now we are looking for another 200+ pips of movement. We have a great trend line and area to trade. As with JPY pairs, if the break out can't hold, I don't want to be in it. I'll sell the break of the trend line, if it moves up and closes ABOVE the trend line I'll exit and look...
If the right shoulder keeps holding on GBPUSD, like it has, then we should see a nice head and shoulders pattern play out here, 400 pips should be easy. I'm interested in taking a stab at this above 1.3200, the real confirmation happens above 1.3400 minimum targets are 1.3800. This trade is invalidated below 1.3070 area. See and learn more about this at...
This is a fast and furious 60 minute head and shoulders, I want to jump in at the break of the neckline at 79.30, targeting 78.30. JPY pairs can be squirrely!! Grab 100 pips and go home happy! More details about what we trade at: www.daytradersfx.com See daily video updates in the DTFX Video Library
GBPCHF as well as most other GBP pairs, we are looking for some GBP bullish/short term movement. We have a nice short term head and shoulders pattern on the 4 hour chart: Neckline: 1.3160/70 area Price projection: 1.3550 Rejection: below 1.2900 this is a no go Visit our website for more details: www.daytradersfx.com
DXY/Dollar index is setting up a nice bull flag, movement above 96.70 is confirmation and should start the move up to 99.00. This is important because we are waiting for EURUSD to move down into 1.0900 and 1.0650 as well as USDCHF moving up to parity/1.00 level. See more about this at www.daytradersfx.com
A channel from the lows of 2009 to now has broken and been re-tested. If the re-test breaks out then we move to fib levels, moves from the 23-38% are very common. If momentum picks up I'll be looking for a move into and below 14,000. See more about this at our website: www.daytradersfx.com
We have been watching EURUSD for some time, we took a stab at it last week and it fought us a little, this week we are ready to go to battle again. 1.1100 looks like the area to break, below that we are looking for a move into 1.0900 and 1.0650. For more information visit: DayTradersFX See videos about that at: DTFX Video Library