Weekly level once again acting vital for gold. Price bounced from weekly and I am expecting to see further upside potential. Anticipating a small retracement to the liquidity area and then rocketing to 1910 next magnetization area. #tradesafe #tfd #theforexdaddy
Usd/Cad has been on a huge downtrend since a while now. We are approaching a key market area around 1.322. This level will be REALLY IMPORTANT for loonie and I do believe that we are going to retrace from there and land on new low area's. Quite interesting to monitor this pair. #tradesafe #theforexdaddy #tfd
Price broke 1.787 level and made new low at the weekly key level at 1.75 . After this price has been on a rally to the upside creating new prominent highs at 1.853 . Price retraced back lower breaking the trendline with a huge shooting star telling us that the bears are in control of the market. Weekly closure has formed a bearish engulfing . Also the ...
EUR/JPY is currently forming a point C at fib 61.8 which has been tested twice now and I am expecting this pair to fall down to 122.5 to pick up orders and fulfill liquidity which correlates also with the psychological 122.5 level
This pair is showing serious sell signs and I think its now the time to jump any positions on this. Looking to reach my first target within this week and my next one, the next week. We got multiple strong confluences on this pair on multiple timeframes. Lets see how this one goes. #tradesafe #theforexdaddy
Gold as explained took out higher lows and followed the stream. Price is currently sitting on an important weekly key level at 1862.9 We are seeing some wicks rejecting that level with a tweezer bottom formation and will be expecting price to retrace before making the next potential leg.
Gold looks pretty undecited at the moment and each direction can be expected.Price has been forming HIGHER LOWS and LOWER HIGHS. Personally I am expecting a huge move on gold on the next couple weeks in the direction which market will take out either previous HL or LH. Trendline will come a handy tool to see price direction clearly. My personall bias on this pair...
EUR/USD Swing trade idea!
After a long rally to the upside, finally this pair is showing some reversal signs on daily TF. Looking for a head and shoulder to form on this pair and entering on the right shoulder with fibonacci and daily res confluences. Looking for price action to play out on 4h and 1h timeframes. If you are a more conservative trader you can wait...
Cable lately broke a pretty significant trendline and weekly support. I am looking for price to come to my liquidity are and pickup some orders before we could see a trend continuation. Targeting next weekly key level to be met at 1.28135. Always remember: Trade with the trend and higher Timeframes #tradesafe #theforexdaddy
Price broke the descending trendline, bounced from daily support of 1.30437, broke daily resistance at 1.31520 and is going back to retest it, forming a nice head and shoulders patterns. My eyes are on 1.33154 weekly support to be tapped. #tradesafe #managerisk #theforexdaddy
Potentiall swing trade setup on EUR/USD. Price will break thru the daily area and trendline and will be heading to 1.14950. My entry trigger will be on the retest of 1.17800 daily level. Would prefer to see some price action too. #tradesafe #theforexdaddy
Broken trendline & broken support, this pair will absolutely melt. Looking for a last tap on my small luqidity area before moving any lower. This setup is aligned quite nicely. Watch out for PRICE ACTION! #tradesafe
GBP/JPY has been on an uptrend since 29 june so my bias for this pair and bullish. The trade requirements to enter long on this pair are simple. I would prefer this wick on 4h to be fulfilled and touch at least 61.8% golden ratio retracement and pick up orders on the liquidity zone before heading to the upside to form the new leg. Till then, #tradesafe
USD/JPY has formed two nice doji candles on daily TF, rejecting daily resistance and golden zone retracement 61.8% - 70.9%. On 4H TF we see a nice head & shoulder pattern formed in confluence with liquidity zone, a small double top and the trendline. Keeping an eye on this pair to look for potentiall sells upon trendline break. First target will be the next...
After almost 5 weeks in a ranging market, GBP/AUD looks like found its direction.On 31 August a new Lower Low was created and market pulled back on 61.8 fib retracement and liquidity zone and daily resistance. Looking to find short entries on this pair and ride it up to -0.27% extention. #tradesafe