cupofconfidence

cupofconfidence

Based off of our 3 confluences: 1. The Raff channel is clearly pointing down as price is continuing to go down on Gold currently. 2. Based off of pivot points, we are at a great entry level for next week's market open to take it down to 1748.76 for that week or the following week. 3. As seen on the Fibonacci drawn, price is right by the 50.0 fib level for a good...

cupofconfidence

Although there is a good possibility for bulls to continue to have some opportunity on NZDCAD this upcoming week, based of our large Fibonacci drawn off the Weekly time frame, we can see that there is a clear indication for Bears to possibly enter at the 38.2 level of the fib (0.87444). If you decide to take this trade idea, feel free to set your take profit at...

cupofconfidence

Based off of our Fibonacci drawn on the H1 time frame, we can clearly see an opportunity for Bears to enter right now by the 38.2 level of the Fib. If you decide to take this trade plan, feel free to set your take profit levels between the 138.2 to 161.8 level. If you pull yourself to a higher time frame (daily or weekly), you can see that at that 161.8 level,...

cupofconfidence

Price is hovering right at the 38.2 entry level of our Fibonacci Retracement drawn off the H4 time frame, however, we are zoomed in on the H1 time frame to see a better picture of where to enter and exit for this bullish setup. This idea is setup to take profit by the 161.8 fib level.

cupofconfidence

Based off of two standard deviations drawn from the Daily time frame as well as the H4 time frame we are seeing bearish opportunities in EURGBP currently. We have drawn a Fibonacci off of the high to low of the Daily time frame and we can see that Bears had a major opportunity starting where price was at 0.86478 on September 29 and taking profit right around ...

cupofconfidence

Based on multiple Fibonacci levels drawn off of the Daily time frame and also the H4 time frame, we can clearly see that there has been ample opportunity for bulls to enter the market on AUDUSD starting October. We are seeing another entry level off the the 38.2 of the Fib (both larger Fib drawn and smaller). Expect to take profit right around the 138.2 to 161.8 levels.

cupofconfidence

Many of our setups for this week on USD pairs are leaning more towards a bullish bias. As you can see on USDNOK, if you drew a Fibonacci from low to high off the daily time frame, you can see that price closed right around the 50.0 entry level of the Fib last week, so if you take this idea, feel free to set your stop loss level and expect to take profit around 9.6932 .

cupofconfidence

Based off of higher time frames, especially on the Daily time frame, we can see that our Relative Strength Index shows an obvious time to sell on this pair. As you see can also see from the Fibonacci drawn on the daily time frame here, price can expect to hit the 50.0 level for bulls to enter and to eventually take profit around 1.40028 price.

cupofconfidence

Based on our Fibonacci drawn from high to low on this daily time frame, we can clearly see that price has stopped at an entry zone for bears. Another confluence for this entry zone is the horizontal line drawn at the 61.8 level of the Fib, and as you can see price has touched this area a few times now. If you take this idea, make sure to set your stop losses based...

cupofconfidence

Bears for sure took profit off of our sell setup and analysis for last week. It's very likely that price will come back to the 38.2 level off of the fib we drew on the H4 time frame for another nice ride down to the profit area which is right around 138.2 level to be conservative and for those who are aiming towards the aggressive take profit area, take it all the...

cupofconfidence

Based on our fib drawn on the H4 time frame from low to high, we can see that bulls have been taking profit on this pair the last 2 weeks, it's looking like there's a good possibility for bulls to enter and take profit again this final week of September that's coming up. Looks like there's a good entry point around the 38.2 level of the fib and to be on the...

cupofconfidence

On a long term scale, we are bearish on NZDUSD. However, based on our standard deviation channel off the H4 time frame and drawing a fib from low to high within the last month, we can see a nice entry for bulls right in between 50.0 and 38.2 % level on the fib drawn, which means bulls can expect to exit around 138.2 which is actually a previous level of resistance...

cupofconfidence

Based off of our analysis from higher time frames down to the H4 time frame on USDCHF, we can see a clear opportunity for bulls to enter once market opens next week right at the 38.2 level of the fibonacci drawn here. Expect to hold this trade and take profit appropriately at 161.8 level. Also taking a look at the RSI indicator and seeing that we're still closer...

cupofconfidence

Based on higher time frames of drawing a standard deviation channel at 144 weeks as well as a fibonacci off the last 5 months of USDJPY, we can see a potential opportunity for bulls to enter this pair next week to take profit sooner rather than wait on a swing trade. If you take this idea and enter at the 38.2 level of the fib drawn here on the H4 time frame,...

cupofconfidence

Based off of drawing a standard deviation channel on the Daily time frame, we actually see that the last 5 months, GJ has been consolidating. However, when we draw the standard deviation channel off the H4 time frame, we can see that there is bearish activity on this pair. Therefore, we drew a fib from high to low on H4 and we can see that there is an opportunity...

cupofconfidence

Since both our analyses on AUDUSD and EURUSD are bearish, we aren't surprised to see bearish activity on GBPUSD as well. Base off of drawing a standard deviation from high time frames into the H4 time frame where we plan to execute our trades, we can clearly see opportunities for bears to continue to enter and exit on this pair. Drawing a fib off the H4 from high...

cupofconfidence

Based off of multiple confluences, we are seeing an opportunity to continue selling EURUSD for next week and possibly into the next couple of weeks. Based off of higher time frames we are seeing that there is still plenty of room for bears to continue to enter into this pair and take profit. Drawing a fib off the H4 chart we can see that price is hovering around...

cupofconfidence

Based on our fundamental analysis of Risk-On behavior in this season, we are seeing a potential sell opportunity on AUDUSD. Based off the weekly, daily and H4 time frames, we are seeing a continuation of bearish activity. Therefore, drawing a fib on the H4 chart, we see a possible entry for next week right between 38.2 and 6.18 (possible reversal). Expect to take...