SELL SETUP GBP/JPY THIS WHOLE MONTH WE HAVE SEEN A VERY CHOPPY MARKET, WITH VERY RARE MOVEMENTS. FOR MOST OF THE GBP PAIRS I STILL BELIEVE WE HAVE SOME BEARISH MOVEMENT TO GO. I BELIEVE THE DEALERS ARE WANTING PEOPLE TO BUY ALREADY MOST GBP PAIRS TO GAIN ENOUGH LIQUIDITY. AS FOR NOW THIS ARE THE SETUPS IM LOOKING AT. WITH A GOOD RISK MANAGEMENT WE ARE ABLE...
SELL SETUP USD/CAD WE HAVE FUNDAMENTALS COMING THIS WEEK FOR THIS PAIR WHAT COULD HELP US PUSH LOWER. IM AIMING FOR THE FIRST TP, IF WE GET THERE WE COULD BE LOOKING AFTER THE BREAK AND RETEST FOR CONTINUATION. BUT LETS SEE HOW PRICE REACTS THERE. USE GOOD RISK MANAGEMENT AS MARKET WILL BE VERY VOLATILE WITH FUNDAMENTALS COMING.
BUY SET UP NZD/CAD. I BELIEVE WE COULD BE LOOKING AT A NICE SWING TRADE: -FIRST OF ALL WE HAVE BEEN BEARISH FOR 5 MONTHS. SO WE NEED TO MAKE A CORRECTION. -SECOND IF WE START ON OUR MONTHLY CHART WE CAN SEE A TREND, AND WHERE PRICE IS SITTING NOW WOULD BE THE THIRD TOUCH WICH IS ALWAYS OUR BIGGER MOVE. - THIRD WE HAVE ALSO A INVERSE HEAD AND SHOULDERS CREATING...
BUY SETUP GBP/USD. Wait for price to touch the blue zone one more time.
THIS IS MY BIAS ON USD/AUD . FIRST OF ALL WE HAVE SEEN A BIG BULLISH MOVE ON THIS PAIR FOR AROUND 500 PIPS. AS HE HAVE BEEN BULLISH FOR MANY DAYS IT NECESSARY FOR PRICE TO RETRACE, WHERE WE WOULD FALL AGAIN IN THIS WEDGE. AND IF WE LOOK AT THE TRENDLINE IN THE WEDGE, WE COULD BE TAPPING THIS WITH ONE MORE 3TH BEARISH TOUCH WHAT WOULD RESULT THAT PRICE WOULD GO...
IM LOOKING AT THIS SETUP AS I BELIEVE MANY XXX/USD PAIRS WILL BE BULLISH. IM STILL WAITING FOR MY THIRD TOUCH ON THE TRENDLINE. BUT I BELIEVE WE STILL WILL HAVE SOME LITTLE MOVEMENT DOWNWARD AS THE MARKET MAKERS ARE WILLING TO HIT THOSE STOP-LOSSES. WE HAVEN'T BEEN ABLE TO BREAK THIS SUPPORT LINE (BLACK LINE) SINCE 2016 AND I BELIEVE WE WONT BREAK IT ALSO. A...
AS PRICE LAST WEEK WENT DIRECTLY UP WHAT I DIDNT EXPECT, WE COULD BE LOOKING NOW AT THIS SETUP. I BELIEVE NOW MARKET MAKERS HAVE ENOUGH LIQUIDITY TO CHANGE DIRECTION, AS MANY BUYERS WILL BELIEVE WE BROKE OUT AND COMING BACK FOR A RETEST TO CONTINUE. BUT BE AWARE AS WE HAVE ALSO FUNDAMENTALS COMING ON THIS WEEK ON USD. USE ALWAYS GOOD RISK MANAGEMENT!
BUY SETUP CHF/JPY HERE I GIVE YOU MY BIAS ON THIS PAIR. HERE I ALSO USED THE FIBO RATIOS TO DETERMINE OUR ENTRIES. ONE MORE CONFIRMATION I USED IS TO CHECK JPY/CHY WHERE IT SHOULD GO AND THAT PAIR SHOULD FALL FURTHER. YOU CAN USE THE SMALLER TIMEFRAMES TO GET YOU A SNIPERENTRY. ALSO YOU CAN USE THE GREEN AREAS AS PARTIAL TAKE PROFIT AREAS, AS PRICE NEVER...
I BELIEVE WE ARE GOING INTO A BULLISH WEEK OR EVEN WEEKS OUR FIBO RATIOS FALLING PERFECTLY INTO BUY REGIONS ON HIGHER AND LOWER TIMEFRAMES LETS SEE HOW PRICE REACTS ON OPENING OF THE MARKETS. YOU CAN LOOK FOR A NICE ENTRY ON LOWER TIMEFRAMES, I ALREADY ENTERED THE TRADE ON FRIDAY. ALWAYS USE GOOD RISK MANAGEMENT AND DONT OVERLEVERAGE.