AUDUSD Trade Idea Asian Session Entry Sell :0.76800 SL : 0.77050 TP : 0.75950 RRR: 3.4 Buy Triggers EMA sloping downward Movement Catalyst upbeat data for US NFP expected to be positive (speculation)
EURJPY has been in consolidation in 133.700 to 134.000 for some time now and now forming a downward channel. With no significant economic news release today, we expect price movement to be more on the technical side. A break in the 133.700 move will be more favorable for our bias. EURJPY Trade Idea Sell Entry : 133.870 Stop Loss : 134.070 TP : 133.375 RRR:...
Strong Price Rejection at Resistance Sell 134.000 Stop Loss 134.2000 TP 133.000 A break in the 134.200 will trigger a bullish move for EURJPY
GBPUSD is consolidating in the 1.4100 to 1.4220 zone. Prices yesterday manage to pierce through the 1.4220 reaching as high as 1.4250, but eventually failed to close the daily candle above 1.4220. For now, its immediate resistance is at 1.41800. A break in this price level may trigger a bullish move for GBPUSD and retest its new resistance at 1.4250. GBPUSD Trade...
USDCAD trade idea Buy Entry @ 1.20750 Stop loss @ 1.20400 Target Price @ 1.21750 RRR : 2.86 Buy trigger USDCAD has been in consolidation for the past week, but making higher lows forming a flag pattern. In view of the upcoming economic news release this week (NFP,etc.) my bias for the pair is long. Positive data from the US will trigger a bullish move for...
EURUSD Trade Idea Breakdown of the Support EURUSD has been on an up and down cycle for the start of the week in anticipation of the US Economic updates and news (GDP,etc.) coming out tonight. The DXY has been holding its ground on the 90 level. Indicating that traders have been very cautious on the strenght of the USD. From a technical perspective We can see in...
USDCAD has been trending downwards for 7 consecutive weeks now. If we look in the monthly chart the downward momentum is now slowing down. But a break in the 1.20000 price level will drag the prices down to 1.19000. My bias for this week's movement will be a consolidation in 1.20300 to 1.20900 before breaking out in the wedge pattern next month (June) as we can...
EURUSD Now at Monthly Resistance (December closing price level) I expect it to close the month within this price level or lower SELL Entry @ 1.22130 Stop L @ 1.22400 Target Price @ 1.21600 A break in the Stop loss level @ 1.22400 will signal a bullish trend for June.
Sell @ 1.21800 Entry Trigger 20 & 50 EMA Cross Price rejection on created resistance during asian session Bearish bias for daily TF Catalyst for movement is the New york session closing breakdown, bias is to have a bearish move for the day.
USDCAD trade setup (Bounce Play) Timeframe: 1H Buy at 1.20200 Stop loss : 1.19550 Target Price : 1.21350 During the london session we saw a price rejection in the support area around 1.20200. USDCAD price now at support level. a breakdown in 1.20200 will take the price to 1.19200.
GBPUSD Trade Idea Time Frame : 1H Sell on resistance at 1.41700 Target Price: 1.41400 Stop loss: 1.42000 Reasons for Selling >Resistance at 1.41800 is respected. As we can see price rejection at 1.41760 during the asian session >Expecting a pullback during the pre london and london session until 1.4140 If you like this idea or have any comments, I would love to...
Good day traders, USDCAD has been on a down trend since Dec 2020 when the major support on the 1.3000 broke. The price has been moving within its downward channel . A possible Bounce play could happen since the current price is now sitting on the channel support line and horizontal support line at 1.20900. If this level does not break, then there is a high...