Trade Reference Number: 1005
We are looking to go long on EURAUD, but first, we have to wait for some bullish candle formation above 1.59257. If we see these confirmations appear we will begin making our entries.
Once our entry has been made we will wait until EURAUD to climb up to 1.66546 before taking 100% profit off the trade.
NOTE OF INVALIDATION:
Looking to go short on AUDCHF if the following conditions are met; we are hoping to see the bulls take price up to 0.67929, once the price reaches the level we will wait to see some struggle breaking past 0.67929. If we see price struggle and close below the entry-level we will begin making our short entries.
Once our entry has been made we will wait until AUD...
We are awaiting 2 confirmations before entry on USDCAD, first confirmation will be retracement back to 1.28789 our structural resistance + pivot zone. The second confirmation before making the entry safely will be a close below the 4-hour trend (Coordinates = 1.22525, 1.28443).
Once entered we will have one take profit in place at 1.23739 at our next fib ext...
Trade Reference Number: 1002
DO NOT ENTER UNTIL CONFIRMATIONS HAVE BEEN MET!
The confirmation(s) we await before entry are that we need a small retracement and retest off 110.002. The 4 hour cancle must close below 110.002 after retest for this trade to be valid. The only take profit on this trade is at 108.969 which will net us 102 pips in total.
Looking to take our short position on AUDNZD . Entries from 1.05363 - 1.05256, we have strong structural resistance within these two key levels with some big sell limits pending which will help push down AUD further.
Trade Reference Number: 1001
DO NOT ENTER TRADE UNTIL CONFIRMATIONS HAVE BEEN MET!
2 Confirmation Pending before entry. We are on a 1 hour chart awaiting confirmations for a long entry. Condition 1 (0.70872) we want a close above condition 1 level on 1 hour 0.70872 before making our 2 take profit to break-even trade. The first take profit will be at 0.71260,...
We may be seeing a weakening of AUD off structural resistance at 0.73150/0.73024. We have plotted a 61% range from weekly high and low which coincides with our potential entry point. Orderflow is also showing us, sells are stacking up outbidding the buyers, this further strengthens the outlook to the downside.
Dollar weakness before new strength?
We have found a new potential setup on the Dollar Index. A long position based on high liquidity we have spotted at 93.172 where we have a lot of pending buy orders creating a solid level of support for entry. Two take profit targets based on our trig system.
The signals for entry is as followed;
Entry 93.142 -...
Looking to take our short position on AUDNZD. Entries from 1.05363 - 1.05256, we have strong structural resistance within these two key levels with some big sell limits pending which will help push down AUD further. Signal entry will be as followed;
Entry: 1.05363 - 1.05256
Take Profit 1: 1.04203 (103 PIPS)
Take Profit 2: 1.02986 (226 PIPS)
The next trading opportunity we are looking closely at is on the USDCAD pair, we are hoping for a weakening dollar which will allow a retracement back to 1.24835 level where we can see huge order fills waiting to take place which will bring it back up with great momentum.
TP 1: 1.25761 (93 Pips)
TP 2: 1.26366 (154 Pips)
XF Trading Group's Trade of The Day.
We are currently watching AUDJPY to make an extra once we get confirmation of major level 85.155 breaking. Order flow has substantial limit orders in pay at 85.155, if we can clear this level our next high depth level sits at 85.683 where we hope to take profits.
This one is a pending trade, we will make an entry with institutional level traders at 0.93251. A great amount of technical meet at this point of entry also, so it's a high probability set up. Two take profits calculated for this trade, first 50% at 0.95332 and the full 100% at 0.96607.
Another good setup forming. Here we have a long positioned for USDCAD, we are currently at a major support level with high trading activity. The level is currently holding well and showing signs of a good entry. We feel a 2 TP will be best for this trade with 50% covering at 1.26267 and SL adjusted to B/E, and the remaining bit of trade liquidated at 1.26842.
Looking to make a short entry on EURAUD after rejection off 1.56087 and a start in the opposite direction is showing clear signs of a downward move taking place now. Currently have TP level set at 1.52701, but we will be taking half of the profit at 1.54415 level. A move to 1.56872 invalidates the trade and we will close out in loss.
A longer timeframe trade, firstly, we must wait for retracement back to 150.422 before we can begin adding longs to our basket. A very strong level to buy off from with high level of interest around this region from institutional investors. An entry on GBPJPY will be followed by TP levels set at 153.511 which will give us net profit of 310 pips.
We are looking for another re entry on EURJPY on the retracement back to 129.522, we've taken profit off the previous move and it seems 129.522 is holding as support nicely for another leg up to 130.950. Completion of second leg will be 140 pips net.
A potential long becoming more likely on EURJPY, we can see it has started struggling around the 128.749 region where we are hoping to take our longs off. If we see bullish candles form and close off this level, we will make our entry on this pair with our targets at 130.321 which is a net of 156 pips.