I am looking into this pair this coming week. I am looking for a buy off of from 75.45-75.55 to 77.50 (Daily Resistance). I am anticipating a retest to level of 75.50 and depending on price action we will jump in. If it goes lower to the 75.20's, then again I will look for price action and take the buy. Now, if the pair breaks out upward during...
I am currently on a sell on USDCAD from 1.3050 to 1.2902 (Weekly Support). Since the Fed confirmed a rate cut and has come out with more of a dovish tone, I am selling on several USD pairs, atleast till the end of the month and of course with Risk Management. Won't be a smooth ride down but it looks very promising. You all have a great weekend...
Good morning everyone. I am looking to buy GBP/USD based on the monthly chart. As you all can see, it is hitting area of support with a bearish candle that is not longer than the previous January bullish candle. I am putting in a buy at 1.2710 with a TP at 1.29 and will see where it goes from there. SL at 1.26. Good luck and remember trailing stop.
Good afternoon ladies and gents, EUR/JPY is very interesting at this moment. As you all can see on the monthly, it is hitting a support that was a monthly resistance. Then if you see far left you all can see a monthly resistance at 120.17. Seeing this, with how the Euro and Yen have been lately, I am leaning more to 120.17. I am going to be a sell from 122.85.
Hello ladies and gents, I am currently on a buy on CAD/JPY. I saw it reject the .786 to and hit the .618 fib as support. I am looking for it to jump higher to 89.40 which is the next major resistance/support. It is also on a .382 fib if you start a new fib with an uptrend from September 10, 2018. My stop is a little lower of the 50 EMA at 86.08. Good Luck to all.
Hello all, I took this sell on CAD/JPY at 85.55 thinking it was not going to higher to .50 fib weekly, which is also aligned to resistance level. This trade is active as it has been rejected 4 times since July. CAD rallied earlier on the USA News on NAFTA but I think JPY is still in control in this one. Also Daily has a Head and Shoulder that is completed.
Hello all, I am looking to sell this pair NZD/JPY off of daily resistance previous support. Another plus is the monthly down trend that retraced back to .236 fib which aligns to the resistance line. This trade looks to be great reward to risk.
Sell @74.50 - 74.55
SL @75.30 about 40 pips above 50 EMA
This is my...
I am looking at this sell for this coming week. I've got multiple rejections on the daily 50 EMA down trend, plus weekly resistance. I know the FED's speech some say dovish some say hawkish but in my opinion, i think the dollar is going higher regardless of Trumps comments. So for this trade I am looking at about a 50 PIP SL which is about 50 PIPs above 50 EMA to...
Hello all, this is my long idea for EUR/USD on the Hourly with a nice 3:1 profit to risk. Going based on the inverted Head and Shoulders plus retrace before it more than likely pushes lower. Good Luck to all and like always Risk Management.
Hello all, I am looking to go long on GBP/JPY this coming trading week or possibly the next. Weekly is about to hit .236 Fib and I am looking for a bounce up. The daily down trend Fib shows to be aligned with the weekly down trend fib thus making the daily hit 0. If all goes planned, I am looking for a possible 600 plus PIP win.
Buy @139.45 to 139.65, look for...
I am looking forward to this sell on CAD/CHF; the trend is down and it is about to hit .618 fib making it a nice sell. The risk is not much on this one, like always good luck and risk management.
Sell order at .7675-.7680
TP at .7580 with room for more
SL at .7713
33 to 38 pip loss to a 100 or 95 pip win. Good Luck
I am looking at this trade for the next week. I have an uptrend on the 4hr chart with a down trend on the monthly with a possible head and shoulder on monthly. The 4hr uptrend that I have bumped higher off of my 50 day moving average from 85.41 on 08/02/2018. I am thinking CAD/JPY will go down again to 85.45 to 85.55 which would be my long entry to 86.85 to my 200...
I am looking for a sell opportunity on this pair for the coming week. There is a nice head and shoulder pattern off of a down trend and with today's strong US GDP at 4.1% it should keep the dollar bullish in my opinion. Like always, Risk Management and good luck!