If price action in 1H continues to be bearish by London open tomorrow, especially with the higher time-frame charts showing a possible drop anytime soon, setting up a sell stop order with TPs at S2 and S3 pivot lines and SL in between base and R1 pivot lines. www.economiccalendar.com D: W: Confidence: A (with fundamentals and sentiment aligned with...
Waiting for a cross in DI's in the ADX indicator in the daily chart which might happen sometime next week. Regardless, with weekly chart showing a recovery, Fed rate hike that might happen sooner, and if price action in 1H chart continues to be bullish between now and tomorrow, setting up a buy stop order just above recent hourly high with TP few pips below R2...
Another ride-the-pullback thing. Waiting for another drop then bounce upfrom middle BB before setting up a buy stop order slightly above base fib line with TP near weekly resistance (blue line) and SL at current mid BB. Keeping an eye on ADX and DI indicators in the daily chart though and would cancel or close this trade if ever a cross-over happens there...
Taking advantage of the pullback again before this pair possibly resumes going down to 1.40. Setting up a buy stop order now few pips above previous period's base fib and pivot lines, with TP at R1 fib (green dotted line) and SL near current period's base fib line. D: W: Confidence: B (since it's just riding the pullback again)
Riding the opportunity for possible pull-back in daily charts. Setting up a sell stop order below base fib in 1H chart with TP at base pivot line and SL below R1. D: W: Confidence: B (since it's just a pull-back, and fundamentally AU's economic outlook is good and RBA rate hike is expected on the 2nd half of the year, while Japan is expected to retain...
The pullback and bullish price action I've been waiting for happened, so I'm entering a buy stop order a few pips above latest high with TPs at base and R1 pivot lines respectively and SL near current middle BB. It would be safer to put stop order above base fib line instead but since it's just a pullback instead of a movement supported by fundamentals (i.e....
Either USDCAD will remain ranging this week or bounce up soon from the daily support esp with weaker USoil lately. Waiting for stronger bullish bounce before setting up a buy stop order @1.32, with TPs at R1 and R2 pivot lines, and SL near daily support line. D: W:
Setting up a long stop order with TPs at base pivot and fib lines respectively, and trailing SL near recent low, to take advantage of its bounce/recovery. It's also possible that USDJPY will go ranging so must caution for any whipsaws. www.fxstreet.com www.fxstreet.com
Taking advantage of bullish price action happening in higher time-frame charts, especially with weaker JPY (as long as no talks about tapering yet), and recovering AUD. Setting a buy stop order now a few pips above the previous period base fib level (also a good hourly resistance). www.dailyfx.com www.fxstreet.com D: W:
There's likelihood that AUDNZD will bounce down from base pivot line 1.04281 price level), but if price action gets bullish after possible retracement/bounce, will setup buy stop order with TP on R1 pivot level especially since double-bottom is already formed in daily chart. Key economic data supporting bullish AUDNZD lately also. www.audnews.com.au D: W:
In the short-run, there's more likelihood that USOil will continue its bearish momentum and drop somewhere between 50-51.03 (based on weekly and daily charts, respectively). Setting up a sell stop order few pips below 52 if current price action gets bearish below S1 pivot line, with TP at daily support, and SL slightly above current mid BB and S1 pivot...
Waiting for stronger bullish price action before setting up buy stop order near current base fib with SL few pips below 21 and TPs at R1 and R2 pivot lines. Despite the US trade deficit with Mexico, there is strong support @20, and USDMXN is more likely to bounce up soon and resume its bullish trend based on overall sentiment in USD and MXN...
With gold losing appeal with stronger dollar and stocks, to resume selling once it drops past S2 pivot and reaches 1180-ish level. Setting possible TP at S5 pivot (base pivot line in daily chart), and SL between S1 and S2 pivot lines. www.dailyfx.com www.dailyfx.com D: W:
Riding the bearish trend in EURGBP as pound continues to rally this week after PM May's stance about Brexit. Setting a sell stop order with TP at 0.84 (S2 fib) and SL few pips above current mid BB (around S1 fib of prior period). www.dailyfx.com D: W:
If price action continues to go bearish, setting up a sell stop order with TP at S2 pivot (also mid BB in daily chart) and SL at previous period R1. www.marketpulse.com D: W:
Based on weekly chart, it's also possible that USDMXN will go bearish first down to 20 in the next few weeks. But with the Fed hawkish on USD and likelihood of another interest rate this year and anticipation on economic growth, USDMXN can bounce up again and go bullish in the long-run. But if I get a bullish price action within this week, I'll be setting up a...
Following the price action in daily chart, it's more likely that AUDUSD will continue to bounce down soon, so I'm setting up a sell stop order with TP at 0.74 (S2 of pivot in hourly chart and mid BB in daily chart), with SL slightly above the current base pivot. www.dailyfx.com D: W:
Eyeing a possible continuation of bullish trend in the hourly chart, depending on price action between now and on Friday, might enter a buy stop order a few pips above R1 pivot with TP at R2 (also near daily zone) and few pips below current mid BB. Based on higher time-frame charts, it is also more likely that EURUSD can rally up to 1.08 before going short...