r00ky

r00ky

The price of EUR/AUD retraced to a former resistence, which provides a nice possibility for a long entry. The trade has a nice risk to reward ratio. In the near future, we should see a nice impulsive move to the upside. Ideally, the next daily candle has a strong bullish body, which would confirm the bounce of the support line.

r00ky

After the inital long setup on EUR/NZD failed, the price went down to hit a support line, which is getting more and more important. If the support doesn't get broken in the near future, the price is likely to go up again. The upper trendline of the forming wedge limits the price, but if it gets broken, the price could go up towards 1.849 NZD. As the trade can be...

r00ky

The CAD/JPY is forming a bearish wedge on the H1 chart. A break of that formation could result in an impulsive move downward. The two targets of that move are 80 and 79 JPY. Good luck!

r00ky Updated 

The short is working out pretty well so far, due to the current weakness in GBP and the strength of JPY. I expect the price to go much lower to reach the 141 level. However, due to the brexit polls and news, expect this pair to be very volatile and manage your risk accordingly.

r00ky Updated 

EUR/NZD is forming a pennant on the weekly chart, which could either be bullish or bearish. Also keep in mind that there is a rate decision for the NZD today. However, I prefer the upside on this one!

r00ky Updated 

The price of EUR/AUD reached the upper border of a broadening wedge. This could result in a rejection which pushes price down all the way to the lower edge of this wedge. Alternativly, price breaks the wedge and goes higher towards the next resistance. However, I prefer the downside.

r00ky Updated 

The price of CAD/JPY denies to make higher highs and loses momentum. The current setup creates a juicy risk reward ratio, as we know very fast if the setup is valid or not. A more conservative SL placement could be above 84.750, which is still a nice ratio. GL!

r00ky Updated 

The GBP/CAD reached an important area of support. The price bounced of this area once, before finally breaking it to the upside. After a great move up, this zone is now being tested once again and could break to get the price back to 1.80. Yesterdays pinbar supports this idea, as the pressure is pointing towards the downside. Having in mind the structure above the...

r00ky

The S&P 500 is close to its all time high and there is a high possibility of it being tested in the next couple of days. However, I expect the index to reject from it to come back to the resistence at 2025. My expectancy is mainly based of a bullish sentiment (a lot of people talking about a summer rallye happening right now) and the strength of the japanese yen,...

r00ky

The GBP/JPY sets up a nice shorting opportunity after breaking a bearish wedge on the daily chart. The price made the pullback to the lower wedge trend line and is currently forming a Shooting Star pattern. This could be the beginning of a new impulsive move downwards. For more confirmation, traders should wait for todays candle to close and ideally for the candle...