USDCAD Has broken the 4 hour up channel and is currently retesting, turning supporting into resistance. If short, there is a opportunity to get in currently or upon breaking the previous low. This trade will be a long term trade, but holds great RR opportunities
Price has tested the top of the channel on this pair and a near double top on the lower time frame, TP zones will be: Previous support/resistance area short term Bottom of the Channel
Multiple confirmations for a swing trade sell here, Previous horizontal and diagonal support areas. Price is overbought on the RSI Great selling opportunity on this pair.
11 Consecutive down days for price to move from daily resistance to daily support within a descending channel. Opportunity here to take the price from .68 to .70 area. Wait for confirmation but this is a great swing trade opportunity.
AUDCHF is at the monthly support area and is looking to make a large move to around the .70 area. .70 represents the weekly resistance zone for this pair.
Gold is extremely bullish, but has had multiple attempts to break through the 1350 zone without any luck. Just a possibility - we may see gold pullback before a bigger bullish move. One scenario was the short term support breakout (back to 1400 and then retest at the 1440 zone). TP1 - 1400 zone (short term support zone) TP2 - 1340-1360 (Previous...
We can see price has been in a down trend for a long time and has respected the key resistance line. Upon price touching and then moving downwards, I am looking for a sell entry on the AUDUSD. Watching this market for now, happy trading.
Gold is very parabolic currently where the upwards momentum has nearly become vertical. Bitcoin has been a great example of where the momentum upwards was followed by the same momentum downwards. This is just an idea for journaling and testing purposes where we may see the 1310-1320 range again, before a very quick sharp move upwards towards previous SR...
EG has been trending downwards within a 4 hour channel for most of 2019. We can see on the chart here and parabolic movement from the bottom to the top of the channel and momentum is slowing. This is a long term swing trade - but the RR is huge. Happy Trading
UCAD has been performing beautifully between the 1.33 and 1.34 range. We can expect a continuation of this trade with an intraday day move back down the 1.33 zone.
AUD is going to be one to watch this week. Whilst the past week has shown strength in the AUD, the end of the week has shown and interesting pattern - getting ready for 2 scenarios. Because of the weak volume at the end of the week, the data is too choppy to make a definitive call either way. 1: Short - .706 - Price broke the 60min channel last in the week with...
USDCHF is going to be a fantastic short over the next week or so. Price has reach resistance in the 4 hour wedge and is overbought on the RSI. Great opportunity for a big move down.
GU has tested the 1.30 area multiple times on the 4 hour chart over the past few weeks. From here we are expecting a move up to the 1.33 zone, especially once the 1 hour resistance downtrend is broken.
EA is at a daily support zone and consolidating before it's next wave up. We can expect price to move up from a swing trade to test the 1.63 zone again Tight stop on this will provide good R:R
EJ performed like a boss last week, with a break of the short term wedge resistance area and then powered up. If you didn't catch the breakout - don't worry. With price currently overbought, we can expect a pullback to the 126 zone as the has been a previous support/resistance area for the pair. The 126 zone will provide a good R:R entry point for those wanting...
AUDUSD has been selling off for months now and getting ready for seasonal longs. Whilst the trend is overall still down and forming this long term wedge, price at the .708 mark has been tested at least 6 times previously and RSI showing as over sold. The short term trend will be to the .72 mark, but after this I would expect a pull back to the .715 range...
Last week proved exciting for gold with a big move down and a break of the 4 hour trend line. This week will offer plenty of opportunities for entry points, I will be observing the 1312-1320 area. Not only is the RSI over sold currently, but previous trend reversals have not occurred in a single move. We often see multiple retests of the key support or...
This trade has been settingup for a long time. Trade confirmation occurred when price broke out of the 1 and 4 hour resistance wedge. More re-entries will be available, this trade will take a while to hit its TP at the daily resistance area - be patient and happy trading