USDCHF is downtrend. If you are not in the trade and would like to jump in I would suggest to enter from the POC. You can have a stoploss and profit target of 10pips. Once you have hit the target (hopefully), you can move stop loss to profit target and ride the trade. Happy pips to you all
83.60 has acted as a strong resistance for AUDJPY. I feel that bulls will again take a shot at this resistance level from the lows of today at around 83.29. PT/SL of 10 pips. I expect the bulls to take out the resistance so i expect the continuation of the trend so after hitting the PT, move the SL to PT and then give a try for further upside. I think good place...
CADJPY just broke a strong resistance zone. I expect it to touch it again and when it does we will go short again. PT: 40pips SL: 30pips Canadian rates may not be raised again in near future and I see structural weakness going forward. We look to only short this pair unless some macro data suggest something else
Resistance zone has been broken. It will act as a strong support zone. Looking to go long if the price retraces to strong volumes with 30pips SL/TP
JPY has shown a lot of weakness in the last one week. Rumours are that it is driven more by BOJ rather than any other reason. I continue to go long JPY pairs. For AUDJPY, I'll look for it retrace to the strong support/resistance zone and then go long.
NZDUSD had a strong accumulation and then a sell off at 0.6897. This level acted a strong support /resistance earlier and price has bounced off this few times. I expect price to react to this level once it reaches it. Stop Loss above the wick of the candle from the previous rejection/sell-off. RBNZ is not very hawkish and infact looking to cut rates later in the...
I am looking to go short USDCHF from the POC of the last 2 months. Two targets for me 20pips and 65pips. POC has acted as a strong resistance and strong support zone. There has been accumulation and then a sell-off. I am expecting a larger sell-off this time around. General risk-off in the market and flattening of the US Yield curve favours short USD trades.
RBNZ is still dovish and probably will have to cut the rates for it to achieve its inflation target. RBA on the other hand will still be looking to raise interest rates but probably next year. Current trade tensions are causing AUD to depreciate - commodities currency and China Trade. I believe the news is already factored into the price and hence we went long...
Looking to go long at the strong support zone. I have to two sets of position. 1. SL: 34 PT: 43 SL is few pips below another reaction point in red arrows. I expect the prices to reverse and reach the previous support zone that was broken last week in yellow arrows. 2. SL: 15 PT: 23 SL is below the previous rejection at this level. PT is just below strong volume...
Very nice short level for AUDUSD at 0.9829. There has been multiple reactions to this level in the past one week. I expect the pattern to continue. Expect to see reaction to the level. RBA is still dovish and data from US is strong which will give confidence to FED to raise rates and reduce balance sheet. I would prefer to go short this pair for long term trades....
I see two long levels for EURAUD at 1.4852 and 1.4988. 1.4988 was a very strong resistance that got broken and now has become a good support level. 1.4852 is a strong support level. I would suggest keeping a bit bigger stop and profit target levels 1.5144 : Strong rejection of higher prices on 28th Aug. It is a strong supply zone. Go short at this level Good...
Looking to enter short USDCAD for 30pip profit 1.2616. Trend continuation and strong volume for the day.
There is a strong resistance at current levels. I am short for 20pip profit
The uptrend to continue. I am looking to enter NZD at 0.7392 for a 15 pip profit
Two good levels to go short CADJPY 91.31 and 90.54 90.54 is a strong support resistance level which has become a strong resistance level. The price has bounced of this level multiple times. I expect to see strong reaction to this level again when the price touches this strong supply zone. Another level is 91.31, strong sell off from that region. I expect to see...
AUDCHF in downtrend but I expect to see a nice reaction at another strong support zone. I usually go for 20 pips but the downtrend is strong so I advise 12 pip profit target. Once you have reached 12 pip then move your stop loss to 0.7528 and PT to 0.7536. There was a nice 12 pip reaction at the previous strong support zone at 0.7623 We still have 2 short...
30 min and 4 hrs nice resistance zone, price action and volume at 0.7749 and 0.7771 with 12-15 pip profit target. I am risking 15 pips each for these trades. There are few more levels on the chart. I'll talk about those charts when the price is near the levels. AUD is under pressure due to commodity sell-off and dovish RBA so looking to short. Avoid trading these...
Strong move of NZDCAD into the resistance zone. Going short for 20 pip profit.