Hello all This trade meets my entry requirements, Bearish engulfing a few hours ago at Resistance (indicated with the down arrow) Retrace of that candle by 50% - I am now in that trade manually - Price action by the bulls is small compared to the bearish candle. It has started to roll over and make lower highs and lower lows too I am conscious of the Bulls...
Hello all Finally after a false break, EURAUD has started to fall, I am expecting this to move quite far to the 1.5700 area. I posted this late as wasn't online, however I will be entering on each pullback on the way down to increase my pips Thanks for looking Duncan DuncanFOrex.com coming soon
Hello all I think the related trade I posted previously about AUDUSD may now be taking shape I have reviewed the points where I was applying Fibonacci levels and I think we are just about to create a double bottom reversal Conservatively, you can wait until the last swing high is broken at 0.7070 However I am in at 0.6973 and a second entry at 0.6989 I am...
Hello All To update a related trade, I have now entered GBPUSD long - on a 5 to 1 - expecting near 300 pips in total and will be looking to add entries as it cycles upwards. Reason for entry is that it on the 4 hour - it is a very bullish engulfing candle - on the 1 hour, you can see a strong move breaking the downward trendline Target is based on 61.8 retrace...
Hello all Following the NZD news last night, my position was taken out at 50% of retrace as I moved my stop forwards to reduce my risk. I then shorted GBP against NZD overnight and am now looking to do this again. Once I get a bearish engulfing on the 1 hour chart I will look to enter. Price could go higher to the dynamic resistance line (heading north east...
Hello all Following the large pullback om GBPUSD if the downward trend line is broken, I will be looking to go long for another expected leg higher on GBPUSD This will be a continuation trade from the related trade below Thanks for looking Duncan
Hi All I have entered another posiiton shorting the USD against CHF. I expect this to go lower due to weakening dollar and it is now cycling lower on the 1 hour time frame This is my next entry along side the related idea below. Thanks for looking Duncan DuncanForex.com coming soon
Hello all Following on from last week, i am continuing my view of dollar weakness. Following trading through NFP on Friday, I expect Gold to now continue higher I have gone long on the retest of what was resistance now turning into support. I entered the trade earlier when I was out. I expect this to achieve a 5 to 1 outcome. I will be looking to add to my...
Hello all Following last weeks short that played out well, now it has broken through the trend line, i expect it to follow the route i have mapped out for it on the chart. To head lower to ultimately get to 6750 as it cycles lower. If it breaches and closes below 6500, we have a bear market (however thats a long way off and we don't know until it prints beloiw...
Hello all I am looking to short XXX NZD pairs and / or Long NZD XXX pairs. I have been looking to short it over the past week, a few failed trades, if this one doesn't work out, I will probably leave NZD for a few weeks and focus on other currencies. Thanks for looking Duncan Duncanforex.com coming soon
Hello all I have shorted the GBP with NZD, based on USD weakening and NZDUSD becoming a long position, alongside AUD also getting stronger. I expect XXX NZD, XXX AUD pairs to start to fall as per my EURZND trade ideas last week along with NZD XXX and AUD pairs starting to retrace in the short term. I am looking for a 3 : 1 trade on this pair and dependent on...
Hello All Following watching trades from last week start to play out, I am expecting the FTSE 100 to follow lower in the coming days. This is based on it reaching a key level of resistance which I expect will result certainly in a short term correction. - We are still in a bullish overall trend at present though. I am expecting to see a bearish engulfing candle...
Hello all I missed the initial surge out of the down trend, however now it has cycled lower again towards support (which was previously resistance) I am now looking to enter long, I will be taking two entries, one at 3 : 1 now and the other will be a long term trade up to 1.8700 area, on the first cycle higher This could play out to be a great trade, however...
Hello all I am looking to go long on Gold, this could be a short term correction trade, if it keeps cycling upwards due to a risk off market, I will start to add to my position. Reason for the entry is the bullish 4 hour candle a few hours a go, and I believe that this break of support is a false break and not a break that will then continue downwards. If 1273...
Hello all I am looking to short USD with CAD this afternoon. Sell stop below the last set of candles- with a slight gap below Stop is above the previous high on the 7th March. On the Monthly chart - January 2019 printed a large bearish engulfing candle, and price never lies. I am expecting USD to become weaker in the coming weeks (against certain...
Hello all Following on from the USDCAD Entry not triggering yesterday, I am now short USDCAD I am looking for a 10:1 win vs risk ratio and will be looking to enter additional positions as it starts to cycle lower. This is based on Monthly Bearish Engulfing candle printed in Jan 2019 and my expectation that the USD will start to weaken as we head into the rest...
Hello all Following yesterday's false break out and reverse (looking for stops), I entered at the first bearish pin bar as price started to fall on the 1 hour chart. I am now watching price for a second entry, currently its quite a wide stop loss for a pair that doesn't move that fast (or may do due to current liquidity) If I can enter at a higher price and...
Hello all Slightly late in publishing this trade idea. I entered at 1.2922 after the hourly bullish engulfing candle at support - I should have entered lower and trusted my analysis, however I wanted to wait until my entry signal printed. I'm looking to ride this up to the next level of resistance at a 4: 1 ratio. I'm expecting a weaker USD in the coming...