KosmoFX

KosmoFX Updated 

CADCHF bounced off of strong support that is holding for sometime already and if you took the trade at the support line marked with yellow circle the well done but for those who have not then here is how we could get involved: 1st we wait for the price to come back to the support as i draw it on the chart with 4:1, 5:1 reward/risk ratio or if the price push higher...

KosmoFX

CADCHF reached strong trendline which previously pushed the price higher. The only problem i see is that CAD is very weak across the board. Will watch this one closely and follow my long setup strategy.

KosmoFX

AUDUSD has approached major support zone and we can either expect a bounce to the upside or breakout to the downside. I would like to see a double bottom on the 4h TF at the support and then target the previous high but the rest of the week is packed with news events therefore it will be difficult to make the decision before any news release comes out.

KosmoFX Updated 

CADJPY broken trendline and came back to retest it which gives us good opportunity for trend continuation A) entry now with around 90-100 pips stop loss or B) wait for the break of another support and pullback. Let's see how it's gonna look on sunday open.

KosmoFX

EURUSD has reached significant major zone and slowed down. The is two options to get involved A) breakout to the downside and once this happen then we could see fast and long drop to the previous major low or B) if the price bounce and make new high on a lower timeframe. Let the market decide and then just follow it.

KosmoFX

Bitcoin bears slowing down near very important even handle 3000 mark and also previous support zone. This could mean that we could see a bull run to the 5000 mark but i wouldn't be very optimistic for the price to go any further. Bears will strike at that price and might push the price below 3000. Anyways all eyes on the 3000 mark and let's see if the price will...

KosmoFX

NZDCHF is heading down after bouncing off of the descending trendline and there are multiple ways to get involved A) which is more likely to happen and it would be also better to see the trend continuation or B) in case the price fail to push lower and comes back to test the higher resistance.

KosmoFX

NZDCAD moved to the descending trendline where i personally got short entry at 0.9241 right at the lower timeframe double top and it moved down nicely. Of course there will be another trading opportunities on the lower timeframes. Targets are set and now wait for pullbacks to resistance levels.

KosmoFX

AUDNZD broke ascending trendline support and bounced off of what it looks like descending channel (pink lines) which means that there is very good chance that the price will try to reach the top of the descending channel. If this is the case then we have multiple opportunities to get involved in the bull run. The more conservative approach would be idea A) if the...

KosmoFX

EURGBP reached previous high and did not break it creating a nice pin bar on weekly timeframe which indicates that the price could drop even further. Great entry was at the previous high level but in case you missed it then there is another opportunities to get short. A) if the price reached the daily resistance or B) if the price move back to the highs. Both...

KosmoFX

GBPUSD has bounced off of descending trendline which giving us clear downtrend direction and all we need is a pullback to get involved. 1.3040 is great zone for short trade and we could see that on 1H TF where price already bounced off of it. This one will be on my watchlist for the next week.

KosmoFX Updated 

EURUSD is reaching previous lower low at important round number 1.13000 where we could see bounce/reversal or break. I will be looking to buy at 1.13060 with 20-30 pips stop loss in case there is stop hunting in place. This trade should give at least 1:3 to 1:4 risk/reward ratio. In case the 1.13000 is broken i will then look for short opportunity. Good luck.

KosmoFX

NZDUSD has made fresh low and all we need is to wait for a pullback and then look for short setup.

KosmoFX

EURUSD finally broke out of the range and once we get a pullback then i will be looking for a short setup.

KosmoFX

GBPCAD has made new lower low and all we need is a pullback back to 1.7100 even handle where we can look for short setup.

KosmoFX

GBP was a big loser last week and after making fresh low we should expect a pullback back to the trendline or previous lower low at even handle 1.30 where we can start to look for short setup with the trend.

KosmoFX Updated 

EURAUD has bounced off of the trendline and 61.8 fib level creating lower high on weekly timeframe. Possible target is previous lower low or below with minimum 2:1 RR ratio.

KosmoFX Updated 

USDCAD has reached weekly trendline and once we see a bullish candle bouncing off of it then it would be great time to buy with target to the higher high and possibly even further.