joelduque

joelduque Updated 

There is a possible bearish cypher for EURAUD. Upon D completion at 1.55336 (78.6 of XC) and confirmation of the bearish bias, I will go short. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows: Trade Setup: Possible Bearish...

joelduque Updated 

There is a bearish bat for EURAUD. Upon confirmation of the bearish bias, I will go short. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The trade details are as follows: Trade Setup: Bearish Bat Price Entry 1.55013 SL 1.55354 | SL pips 34.1 TP1 1.54148 | TP1 pips 86.5 TP2...

joelduque Updated 

There is a possible bullish Gartley for NZDCAD. Upon D completion at 0.90543 (78.6 of XA) and confirmation of the bullish bias, I will go long. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows: Trade Setup: Possible...

joelduque Updated 

There is a possible bearish cypher for AUDJPY. Upon D completion at 83.313 (78.6 of XC) and confirmation of the bearish bias, I will go short. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows: Trade Setup: Possible Bearish...

joelduque Updated 

AUDCAD is currently on an uptrend both on the smaller and bigger channels. As I expect to move higher, I am placing an aggressive buy limit at 0.97043 which is the 78.6 Fibonacci retracement of the swing low to swing high. This level coincides with the support of the smaller uptrending diagonal channel. Stop loss is placed just below the swing low while the take...

joelduque Updated 

GBPJPY has recently been on an uptrend. There is a descending triangle with a horizontal support at around 148.815. Price moved down breaking and closing below the horizontal support and also the support of the uptrending diagonal channel. As such, I am expecting that level to serve as the new resistance and hold upon retest. Accordingly, I am placing a sell limit...

joelduque Updated 

USDCHF has been on an uptrend and then sideways consolidation. There is a descending triangle whose horizontal support has been broken by a red candlestick closing at 0.99495. As such, I am placing a sell limit at 0.99633. I expect that if price comes back to that level, it would become a new resistance. Stop loss is based on ATR x 2 while the take profit target...

joelduque Updated 

There is a bullish Gartley for EURGBP which is in confluence with a double bottom. A candlestick broke and closed above the resistance of the downtrending diagonal channel. For a more favorable entry and stop loss, I am placing a buy limit at 0.87281 which is the 61.8 Fibonacci retracement of the swing low of the right leg to the swing high which successfully...

joelduque Updated 

CHFJPY has broken to the upside from the horizontal resistance at 110.422. I am looking for price to retest the previously broken resistance, expecting it to hold and become the new support. Stop loss is based on ATR x 2 while the take profit level has the same as the number of pips by default. I intend to manually cancel the buy limit order if price goes to TP1...

joelduque Updated 

With the bulls recently being aggressive, USDJPY has formed an ascending triangle. Price broke out of the resistance (110.036) to the upside. Thus, I see a long opportunity by placing a buy limit at 110.036 which would be a retest of the broken resistance, expecting price to hold (new support) if ever it comes back there in the near future. The stop loss is placed...

joelduque Updated 

There is a bullish bat, a trend continuation pattern, for GBPJPY. Price entry at 147.726 is guided by a candle breaking and closing above the resistance of the diagonal channel. Stop loss is just below point X while take profit targets are at the 38.2 and 61.8 Fibonacci retracement of leg AD and point A. I plan to manually cancel this order if price goes to TP1...

joelduque Updated 

EURCHF has been on an uptrend for about 1 year now (Mar 2017). The slope of the diagonal channel has become steeper since 3 months ago (Feb 2018). There is a descending triangle on the H4 timeframe which adds confluence to my bearish bias. I am looking for a sell opportunity once the candle closes (waiting for confirmation) below the horizontal support (around...

joelduque Updated 

USDJPY is in a short term downtrend within a longer term timeframe uptrend as shown by the diagonal channels. I am looking for a buy opportunity once there is a candle close (waiting for confirmation) above the short term diagonal resistance (around 109.165). As this is a bullish trend continuation setup, my take profit is conservative at the swing high of 110.036...

joelduque Updated 

I am bullish with the AUD. There appears to be a new uptrend for AUDUSD. This is fundamentally supported by a positive AUD Trade Balance earlier today. I am looking for a pullback on AUDUSD at the 78.6 Fibonacci retracement level. Stop loss is just below the previous swing low and take profit is at the recent swing high. Details are as follows: Entry = 0.74965 SL...

joelduque Updated 

GBPJPY has recently been on an uptrend and then suddenly there was a massive selloff yesterday, May 23. Point D of the bullish bat was completed when the bulls were able to hold price at 145.946. This is very close to the 88.6 Fibonacci retracement of leg XA which is 145.996. I am looking to buy close to this level once there is confirmation of the bullish bias....

joelduque Updated 

NZDCHF has recently been going up. However, there has been a red candlestick breaking and closing below the support of the uptrending diagonal channel (May 8). If point C remains valid, then we are able to project point D which will complete the bearish cypher at 0.70651. Take profit targets shall be set at the 38.2 and 61.8 Fibonacci retracement of leg CD. Stop...

joelduque Updated 

USDJPY has recently been on a strong uptrend. If price retraces from its current level, then the swing high will be point C of the possible bullish cypher which allows us to project point D. I am looking to go long once price hits the 110.288 level. Price should at least be supported at this level if the uptrend is to continue as this would be in confluence with...

joelduque Updated 

This post is an update of a previous trade idea (). While invalidated on H4 timeframe, it is still valid on D1. Please discard this setup with a candlestick close above 0.70298. The trade details are all the same: Trade Setup: Bearish Bat Price Entry 0.70298 SL 0.70578 | SL pips 28.0 TP1 0.69615 | TP1 pips 68.3 TP2 0.69193 | TP2 pips 110.5 TP3 0.68510 | TP3...