Hi I am looking to short USDCAD as I am looking to see some temporary weakness in the USD. So I will wait till the LONDON or NY sessions to look for shorts. If price breaks above resistance then I will be looking for retests of the new support level to go Long.
I am looking to go LONG on AUDUSD as I am looking at AUD strength on all pairs. Being that it is Sunday I will wait until tomorrow's London or NY session to see if I want to go LONG or not. If price happens to break passed support then I will for a retest of the new resistance level before entering short.
Hi traders I am waiting for a retest of previous support to see if it holds as resistance before looking for rejection candles at that level then I will be going short. If price does breakout to the upside then I will be looking for a retest of the new support level before going long.
I am looking to go long to the 15.520 level then looking for short opportunities (back down to the 15.170 level)
Hi traders, here I have an opportunity to go short on NZDCHF. My reasoning for this SHORT trade is that price is approaching resistance at around the 0.67400 level. Here we are already seeing price rejecting that level off of the 4 hour chart. I also placed the FIB extension on the DAILY chart and see that the resistance level that price is currently testing is...
Hi Traders, I am entering a LONG Position on CADJPY. My reason for doing this is because the pair is currently resistance the weekly support zone at 82.300. Also there is a pin bar rejection candle on the 4 hour chart which is my signal to go in. I am going for a 1:3 Risk Reward with a profit target of 170 pips with a risk of 50. Thank you for reading and happy trading.
Hi traders, I will be going short today on CADJPY based on these rejection candles off of resistance on the 1 hour chart, specifically the pin bar. I also have another LONG position open on EURCAD so I am looking for CAD weakness.
Hi traders, I will be going long today on EURCAD based on these rejection candles off of support on the 1 hour chart, specifically the pin bar. I also have another short position open on CADJPY so I am looking for CAD weakness.
Hello traders, here I am long on CHFJPY. My reasoning for this trade was the break and retest of the level at about the 113.750 region. I saw the pin bar rejection candle form on the 4 hour chart and that was where I went long. To give my trade room to move I put my stop loss below 50 pips but to be more conservative you can place it below that 4 hour pin bar. My...
Hi traders, here I am looking to short GBPCAD. I am also looking to short GBPJPY as both of these pairs are at critical weekly resistance levels. As for this GBPCAD pair it is making a double top formation. As I do not use indicators often but do find an occasional use for them for extra confluence (and because they look cool) price is touching the top of the...
Hi traders I am looking to short the GBPJPY pair. My reasoning for doing so is this pin bar rejection candle forming at resistance on this weekly level. On the 1 hour I see an engulfing candle so even now is a good time to enter for a more aggressive entry but for added confirmation, one can wait to see if this daily chart closes with this pin bar and entered...
Hi, price has approached a monthly level and is being rejected. On the weekly time frame it looks like the bulls stepped back in the game and are looking to push the price up. On the daily time frame the bulls have won for the past 3 days so I am looking to trade this LONG and keep it for a few weeks. A very good risk to reward ratio at about 4:1 with the...
I am going short on GOLD, I see the US Dollar DXY forming a pin bar on support on the 4 hour chart so I am expecting the Dollar to come back up and I am looking to short Gold, seeing a pin bar form on the XAUUSD 1 hour chart at a resistance zone. I am targeting previous support. Thanks for reading!
Hi traders, just like my other post on shorting the EURUSD so the same analysis goes for this trade on GBPUSD. Pin bar formed on the GBPUSD 4 hour chart at resistance. A nice 1:4 Risk-Reward ratio. My target profit is previous support at 1.27000 for a total of about 280 pips and my risk is only 60 pips. Obviously if price breaks resistance and stops me out I will...
Hi traders, today I am placing a pending sell order just below the pin bar that formed at resistance on the EURUSD 4 hour chart. My target profit is previous support at around 1.3000 for a gain of 100 pips with a 40 pip risk. I also see a pin bar forming on the DXY 4 hour chart, looking like it wants to make its way back up. Hopefully the bears are tired after...
Hi traders, here I am taking a long trade on the AUDUSD. My reasons for doing so are that price is hitting a monthly support level it has not hit since January/February of 2016 and on the Weekly chart I am already seeing rejecting as price has not broke the support level but is now making a double bottom formation. Now I am taking an aggressive entry here as I...