Cable has been in an uptrend since price bottom out last year. This week we had a break to new highs and yesterday we retested that breakout. I know see the possibility for a trend continuation to the 61.8 fib retracement measured from the swing high ( Brexit candle on the daily chart) to the low (daily chart). A potential trade for months to come
After a rally to a key level of resistence price formed a head & shoulders pattern. I´m selling the pair at current level(s) As targets we have an intermediate target (TP1) and for prime target we aim to the origin of the current rally that formed the H&S pattern
Currently CADJPY is rallying into a resistence area.Good potential sell opportunity to join the major downtrend
After a fantastic run over the past months, OIL has now come into an area of strong resistence (Weekly chart). A potential sell opportunity for this commodity in the months to come. As first target, 55.80 is a strong support. However this "ride" will take us further down into the 52.00 USD per barrel I´ll place a sell limit order at 58.32 ( actually at 58,29 front...
At the moment price is rallying into a major structure resistence offering a great opportunity to get short along with the major trend. I´m scaling in short positions starting at 86.95
After a rally this pair is now at a previous level of resistence. More info at the chart, however what i’m looking is a sell opportunity on the grey area (Potential reversal zone), to short. I’ll wait for some PA to develop either on a 240 or 60 chart. My first TP is the daily 21 ema were I'll close 2/3 of the position. I’ll then reevaluate the momentum to sell...
After an initial rejection at higher leve(s)l, price is now at a price were the risk to reward for the downside is at least 3:1 I´m looking at current PA on the 240 and 60m chart to start selling this pair
Another trade setup i´m looking at is to sell the EURNZD. The COT reading clearly favours the commercials and the ratio divergency against the non commercials (speculators) is good so the sentiment supports a possible high and a rotation to the downside. At least 480 pips to target 1. Price setup on the chart Trade safe, at your own risk and manage your trade...
Carefully looking around at all pairs and it looks like that risk has been taken out the last weeks/months. Started with proxy Fx pairs and later with the commodity pairs now it becomes clear that the stronger pairs are ready to go for the major turn as well. I posted last week my ideia to sell the GBPCHF wich is currently trading in our favour and now i´ll be...
Spite the fact that on the 4h chart price is at a bullish rotation, on a higher time frame price is testing a daily resistence. For a 50% ret we expect a fib cycle completion a the 1.618 fib ext. However price faded at the 1.127 ext and rallied back to previous resistence offering a great risk to reward trade of a 7.1 Rsi also is at the maximum reversal area...
After a strong decline as result of last ECB meeting EURJPY made a new structure low. Looking at this rally to sell at previous structure support, now resistence around 133's I'll be looking at an overbought rsi at 95 level with price exhaustion bars ( pin bars and inside bars) to enter short
After making new highs last week Aussie Kiwi retrace lower breaking 4h structure( lower low lower close). Now price is pulling back into the "the zone" presenting a good opportunity to sell the pair. I placed a sell stop order targeting a fib cycle completion on the 4h at the 1.618 ext
A potential sell opportunity on Oil. After making a new structure high price reached a daily resistence. A sell stop order at 53.92 with 3 target prices
Explanation on the chart The setup will be invalid if price breaks above resistence
A potential move lower on the EURCHF to test recent structure low offering a potential good RR The entry will be trigger by a momentum move explained on the chart
Hi traders, just went long on GBPCAD. I missed my ideal entry and i got price slightly above were i was willing to buy. However there is a good potential in this trade so i accepted paying a little more for the potential reward. The reason for the trade is explanined on the chart
Hi traders, i´m looking to sell gold on a 2618 trade setup. The reasons for entry are explained on the chart