fxswing

fxswing Updated 

Inverted H&s with parameters Entry 1.2982 Stop: Below 1.2914 Target: 1.3052

fxswing Updated 

Shorting EURUSD at 1.1190 into a potential resistance trendline coming from the May 24th breakdown. It's to be seen if DXY can hold 95.20 later today. If the dollar keeps being supported by the shift of expectations from a June or July rate hike (notice I said expectations, not believing in the real thing), then we should see EURUSD trade lower. Entry: 1.1190 ...

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Potential Cup & Handle Let's see if market trigger the pattern... Trigger: 16537 Stop: Below 16427 Target: 16745

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Title is self describing Entry 16768 Stop 16600 or a close below 100 weeks channel (Below 16 Target 1: 17550 Target 2:17750

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Entering short in retracement zone at 119.50+ Above the 38.2%-50% zone (yellow) of previous swing. Let's see if bears have some mojo here... Stops above 119.80 TP1 118.05 TP2 115.60

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Inverted H&S pattern Setup What I find interesting is that the trigger / neckline is at the Monthly pivot. Trend is still down, and this trade is against it - Size it accordingly - Entry: 1.5748 (Neckline / Monthly pivot) Stop: below 1.5685 (100sma 1H) Target: 1.5965 (Pattern target)

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The current move in EURUSD feels like exaggerated / capitulation move. Time to try a long for a retracement. RISK management is #1 Trade reasons: EURUSD pushing past daily S2 - 1.2715 EURUSD pushing past weekly S2 - 1.2710 EURUSD pushing past monthly S3 - 1.2713 EURUSD is -9.30% in less than 2 month without any significant retracement. 1.2743 low was taken out,...

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EURUSD Short trade Reasons for the trade: - Trend is obviously down - Pushing into weekly pivot 1.2883 - Pushing into 100sma 1H channel high - Pushing outside of a well defined descending channel - At 38.2% retracement of the last swing from 1.2994-1.2815 at 1.28835 Entry: 1.2883 Target1: 1.2820 Target 2 1.2760 Stop: 1.2930+

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EURUSD - Breakout from symmetrical triangle Reasons supporting the trade: Symmetrical triangle A daily trendline that seem to have buyer support at 1.2925 (see chart below) Monthly S2 at 1.2921 Yesterday's inside day breakout above 1.2940 (stop for the trade at yesterday's inside day low) Target is "normal" triangle projection. Now, let's have the market make...

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Watching the 1H channel bottom for a dip reaction. Long Entry is in the 17080-17070. Target 1: A New high above 17153 Target 2: A hit of the channel high 17300+ Stop below 17050 Failure could indicate the start of another pullback of this month swing 16260-17153.

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USDCHF has always been sold above the 200 weeks ma since 2002. I'll watch for it to behave similarly in the next weeks... Not rushing to trades but having this chart in the back of my mind to color and plan my future trading and market direction. A sustained move above the 200 weeks ma and further strength in the next 4-5 weeks with higher highs and higher lows...

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Long Trade Parameters: Entry: Long GBPUSD in the 1.6630 /1.6675 zone Take profit1: 1.6720 - (Note that 1.6728 is the Weekly Pivot) Take Profit2: 1.6840 Stop; Below 1.6540 Reasons for the trade: I'm expecting to see some pullback in the GBPUSD after more than a month of downside action without any decent retracement. I'm expecting to see the 1.6575-1.6630 zone...

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US30 LONG opportunity is here after a 5%+ dip Trade parameters: - Buy the 16250 - 16200 zone - Stops Below 15973 (2014-2-20 low) - Target1 16700 - Target2 a new high above 17148 Reasons for the trade: - Market dipping below 200dma channel low (16303), where dip buyers should emerge - Market retracing 50% of the 2014 range at 16242 - Market touching the Weekly S1...

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1.3735 looks nice if we can get above the 200dma at 1.3640+ See description on the chart. Long entry at 1.3600 Stop: 1.3575 Target: 1.3730

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Buying 100 dma channel low (blue) Trade entry 16100 Stop 16040 (below channel support) Target 16450 Reasons for the trade: Monkey dip buying 100 dma channel low ;-) Don't fight it - lower could get ugly. Fire and forget the trade...

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Trade: Entry: 16314 Stop: 16240 Target: 16560 Trade reasons: @ Confluence of: - Monthly pivot 16314 - 200 sma 4H - 50% retracement of previous swing Stop is below 200sma 4H channel low

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XAUUSD - GOLD long on potential support Setup: Entry: 1280 Stop: 1252 Target: 1390 Reasons for the trade: - Gold breakout on 2014-01-23 of trendline from Feb2013 / Aug2013 highs - Breakout helped achieve a swing high of 1391.97 that should be surpassed if up trend is to resume by taking 1433.61 high - 1279.10 was the high achieved after the trendline breakout...

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AUDUSD - Inverted H&S in play since 2014-03-20 Posting this chart for future reference, either as a valid pattern (against RBA policy expectations), or a nice example of pattern failure... Entry: 0.9050 (trigger line) Stop: 0.8885 (below the right shoulder) Target: 0.9490 (inverse H&S target projection) This one is purely technical and don't take into...