Gold is approaching the long term, 5 year highs at $1555 and I am looking for a break or bounce scenario. I have a feeling we could see a nice sell off from that zone with profit taking occurring by the speculators trading gold up over the last few weeks. Gold is currently once again getting a boost from weak USD, trade tensions and the Iran bombs. I will want...
GBP Volatility is dropping off back down to the floor that is firmly set at 6.00 This has been a strong support for pound volatility for years now so buying GBP Vix at this level should provide relatively good gains from a bounce up to 16.00. It could go higher if there is new trade tensions with Europe and the Brexit saga continues
Intraday entry for GBPJPY long trade. 4hr bullish TL, higher low, price is rejecting the previous support/resistance zone at 143.500 Looking to take price back up to new higher highs at 149/150.00
AUDUSD long position now entered. My intraday position is to take this long trade up to new 4hr higher highs at 0.69800. Nice support zone at this level, bullish trendline, higher low and fib 0.618 level. Stop Loss - below 0.786 fib & bullish TL TP - New higher high @ -0.27 fib extension
Aussie Dollar is making nice bullish waves on the 4hr and daily timeframe. I am looking to capitalise on this and enter another long position on the nexxt higher low that forms. I have a few confluences to look for. 1 - previous support/resistance zone on the last highs (coloured box) 2- Bullish trendline 3- Fib retracement levels (0.618 is in the coloured box...
I am now entered into a long term buy & hold position on GBPJPY. Price has broken out through multiple resistance levels last week on the back of the new conservative majority. Thursday/Friday saw the fast money come in to the markets with heavy short term buying. Price is now consolidating probably caused by profit taking on the speculation trades and the...
High risk analysis considering the UK election results are this evening, however... GBP is stuck in a nice 100 pip range on GBPJPY. 143.500 resistance holding now. price is looking to bounce back down to support at 142.500. At the 142.500 level this is a nice bullish trendline and support. This is the area to watch for another trade opportunity on either the...
Here is a potential long trade set up on the Euro / New Zealand Dollar FX currency pair. Daily Timeframe - Nice rejection of the daily bullish trendline drawn across the last 2 higher lows. Price has made higher highs through September so the higher timeframe is definitely bullish for me. Lower Timeframe - Price has broken the 1hr bearish trendline and produced...
Potential short trade entry on USDCAD this morning. This is a scaling in opportunity after my original short entry from 2 weeks ago. (see linked ideas). Price has made lower lows on the 4hr timeframe chart, broken the support level at 1.32620 and is now retesting this zone. Alos here is the 0.618 fibonacci retracement level. I believe price will now make a lower...
I am looking at a short trade on EURAUD. There are multiple daily lower highs on that timeframe with price making a lower high last week. A nice bullish spike upwards last night is looking like a good discounted chance to get in short positions. On the 4hr chart we have a CTL break, retest of this TL and the fib 0.618 retracemement level. TP1 is at the fib...
Daily timeframe has hit resistance at this level. I previously tried shorting on a flag pattern but it didn't work out. This is my next best short opportunity. I am shorting at 1.33120 which is rejection of the upper TL across the 4hr lower highs and fib 0.786 retracement level. TL break next - maybe scale in again. TP1 is previous support/resistance zone TP2...
I am looking to go long AUDUSD up to new highs on the daily trend. Price seems to be making a higher low on the fibonacci cluster zone at the 0.618 and 70.68 retracement levels of the previous swings. Stop loss below the levels and targeting a new high at 0.70
Short trade set up on GJ. Lower lows and lower highs made on the 4hr. Last weeks candle closed very bearish. Weekend gap up not fulfilled yet. Shorting at 140.200 with a nice 35 pips stop loss to keep it above previous highs. Looking for a new lower low to be made for a 4:1 RR trade. Longer term target is shown on the chart at the daily trendline and previous...
My flag pattern strategy trade. Short trade on USDCAD. Decent R:R of over 3.2:1 RR TP and SL shown on the chart.
All CADJPY short positions now closed. I am looking to trade the daily bullish trend up to new highs. Trendline bounce, daily rejection of bullish trendline and fib 0.618 retracement zone. Stop loss below the shaded zone on the chart. Profit target at daily fib -0.27 extension
I am still buying oil on the bounces off this bullish trendline. Until this trendline is broken, US Oil is still bullish in price action with higher highs and higher lows being made. My target sell zone is $60 per barrel maybe $60.80.
Simple, high reward:risk long position entry on GBPJPY Stop loss is 30 pips and my long term profit target is at 195 pips
USDCAD is producing a nice bearish trend reversal on the 1hr timeframe chart. TP1 is at previous support/resistance TP1 is at the larger daily support zone Potential R:R of over 9:1 long term