taking a bullish view of gbpusd as it has recently made 2 higher highs and broke downward trendline. With the fed rate decision coming soon, I believe all XXX/USD pairs will rally higher but right now gbpusd has good technicals to get in today
Re-shorted USD/CAD from wedge breakout. With U.S rates possibly on hold till December, this currency should break down to the lows of 1.25. I have added a position for a long term short until interest rates are raised. Trailing profits as it continues with the downward trend.
Trend continuation possibility with eurusd going down this week. We have tested 1.12 last week and was unable to break higher. On Friday, we had a strong rejection with a long wick indication of bears selling eurusd. I am a seller of eurusd until daily breakout occurs.
I am testing my indicator on on usdcad as I am trying to find alternative ways to invest. I have posted the hypothetical gains pf past performance and will be taking a small short position in testing this trade idea. I however will be using a trailing stop to lock in gains throughout the process. Based on my indicator, usdcad should be breaking out soon maybe in...
Trading a huge discount on eurusd right now, If we can assume the last low from Brexit is the new monthly low, then this long should server for a good investment for the longterm. I expect eurusd to go back to retest last high and to come in contact near my trendline.
In the green boxes, I have previous supports which sets up good resistance zones. In conbination of the zones, we also have a bearish channel/ trendline and am participating on the short side for continuation near .705 ; If this trendline holds, we are looking at a risk to reward ratio of 1:4
AUDUSD has a really good structure of higher highs for the past few days. Today, AUDUSD has retraced back into a good buying zone for people to join the bullish rally. Stop loss is set below last low around at .7489's. Expecting a retest into resistance zone around .7640; This trade has a reward ratio of 2.5 which is excellent!
In my chart, I have my descending channel of the overall currency pair EURUSD. In my earlier post, I shorted the eurusd bounce at 1.1145 and have finally closed my position. On the daily chart, we are near a doji at/ near a double bottom/ or 50 pip higher low. With the market unable to break through 1.10, I see a great opportunity to long and look for a...
With eurusd breaking bullish trendline on the daily chart. I believe that this retest will provide further declines in eurusd. Goodluck all
With the recent Brexit, the market has made strong moves to the Pound ,Euro ,Aussie, and New Zealand Dollar. I am currently short at the 50% fibbonnaci and well add more shorts if it continues to go higher. I have weekly forecast for next week following the Brexit and you can watch all of it, none of it, or some of it. It is long about 27 minutes, as I'm hyped...
On the basis of the candles, A red doji followed by a bullish 4hr candle right above the gap concludes me to enter a buy.
Eurusd coming back into previous resistance. Here is the make it or break trade for eurusd break long term bullish trendline. Caution and be careful for volatility.
Unable to break last resistance and so far not a higher high; I feel this is a good place to short eurusd near previous resistance.
Eurusd coming back into support zone within the bullish trendline. I am long and will watch price action as well as the dollar index which currently at 61.8% fibbonacci. Overall, looks like a great opportunity to go long
NZD/USD hitting previous support at 61.8% fibbonacci as well as nearing the 127.20 fib extension from previous high to low. I am expecting nzdusd to rebound back down to find new support. Strong strong sell here. Uploaded new video with black background, makes the video a little bit more clear. screencast.com
Eurgbp came back up to close the gap, and am trading with downward trend. This trade is invalid if stops are broken.
Eurcad put a doji on the daily chart and is trading in a downward channel and possibly a flag. At current levels, eurcad has not closed below last support and could break higher out of this trendline.
screencast.com video concerning eurusd, audusd,eurgbp, nzdusd, usdjpy