FalkenFx

FalkenFx Updated 

Looking to short GBPJPY. GJ is currently trading a VERY strong uptrend, when it moves like this counter trading must be smaller take profits. Considering this, I am still looking to short based on what the chart shows us. Confluences: Previous weekly high/weekly intra key level Alignment to AUDJPY Entry price: 200.420 Stop: 200.900 Target: 199.80 With...

FalkenFx Updated 

Looking to go long on US30 off the 50% Fibo and D50EMA. Currently eyeing out the long on US30 present, we have the US10Y sitting on the D 50EMA, with a lower high present, indicating we may go lower here. Being that US30 and US10Y are inversely correlated, this has created some market alignment for the move to take place on US30. With the Fed being opposed to...

FalkenFx

Currently short on GBPAUD. Confluences for short: Big 50% Fibo 76.4% Fibo Round Number (Psych number) Trendline Cross Alignment across AUD pairs Position been in drawdown for a day, looking to see if London session lows are broken for a continued movement to the downside. If there is a clean break of these lows I will enter another short position. Overall...

FalkenFx

Looking to long CHFJPY. Pretty heavy fundamental week, and CHFJPY is not directly involved with the fundamentals taking place, therefore it is an appealing option to me for trades this week. Entry- 165.870 SL- 40 pips TP- 120 pips Confluences: 61.8% Fibonacci Trendline 3rd touch Intra Key Level "Money is made by sitting, not trading" ~ Jesse...

FalkenFx Updated 

Shorting the XAUEUR from the trendline and XAUEUR all time high! This will be the last short I will take unless of course 2200 is reached by Gold EUR. Reasoning for my short and anti momentum trade is 2100 is a strong psychological level in the market and gold does tend to work well with these levels as seen in past trading with both XAUEUR and XAUUSD. Currently...

FalkenFx Updated 

Looking to short XAUEUR. Currently trading at the all time highs therefore counter moves are short term and not be taken as trying to find the reversal point in the market as this is zero sum game... Currently XAUUSD is also at all time highs near it's round number 2200 and Silver is currently subdued after rejecting the Intra Year highs of last week. Though I...

FalkenFx Updated 

Looking to short GA, simply looking for end of day timing on the trendline, as well as being the end of the trading week today. May get some profit taking there. Recent break of the lows with a LL forming indicates there could be further to fall. Confluences: Trendline 3rd touch Profit taking and end of day reversal timing. Happy Easter and catch you later...

FalkenFx

Looking to long USDJPY. Currently in a short position from the high as I mentioned last week in Yen alignment across the Yen pairs where I had my eye on CADJPY and USDJPY also looked appealing to take a short play. Currently now looking for longs as the trend is still clearly bullish on this pair along with other JPY pairs. However this leg we have just completed...

FalkenFx

Expecting GA to fall a bit more before continuing in the current bullish impulse it has created on the weekly timeframe. I would be interested in buying on the 3rd touch of the weekly bullish trendline. My desired spot price is 1.90050 however it may not touch the trendline there so I will update this accordingly. Confluences: 3rd Touch on weekly bullish...

FalkenFx Updated 

Looking to long XAUUSD from the 38 Fibonacci level. While there is not much to go off for the buy based on behavioral patterns of gold, it does react nicely to the 38 fibo levels in a bull market. We may have alignment here with XAUEUR, Silver and or DXY (this update will be posted closer to the spot price of interest for optimal accuracy in my...

FalkenFx

Looking to long XAUEUR from 1971. Metal still very bullish across the board unless fundamental drivers change this for the foreseeable future. Confluences 38% Fibo from last impulse Key level and Intra Key levels present here Stop Loss: 1966/50 pips/€5 Take Profit: 1986/150 pips/€15 Catch you later traders ▲

FalkenFx Updated 

If the BOJ meeting delivers some unexpected results and causes a surge in JPY, then I am looking yo buy off of this fundamental release. This buy is however still valid even the surge does not occur and markets remain stable. Only giving this as a hypothetical situation based off of the previous reactive behavior of JPY to the BOJ releases. Always prepare for the...

FalkenFx Updated 

Looking to sell the JPN225 and CADJPY pair from nearby levels. USDJPY is also a viable sell here, but I will not be taking this as I do not want to be overexposed on Yen buys. Multiple Yen pairs are currently aligned to sell being CADJPY, USDJPY and JPN225. This makes this one I cannot miss. How it is played is I will be splitting my normal risk between the two...

FalkenFx Updated 

Looking to sell, EURNZD from 1.79230. Stop loss is 45 pips & TP 1 is 100 pips. TP2 at 200 pips. Here there is a key level, trendline in current bearish trend. It aligns with EURAUD remaining below the last high created, giving correlation for the bearish play on EN. Confluences: Key Level 61.8% Fibo Trendline Catch you later traders ▲

FalkenFx Updated 

Looking to short USDJPY from 149.20 Stop Loss of 55 Pips Taking partials at 1:2 & 1:3 COT Data on the Yen: cotperspective.com Confluences: 61.8% Fibo KL Level Daily head and shoulder pattern

FalkenFx

Looking to long USDJPY. Spot price of interest is 146. Stops are covering the low so 45 pips. Confluences for entering this trade: Daily 200MA Intra Key Level displayed Break retest of a trendline Alignment across multiple JPY Pairs are present Catch you later traders ▲

FalkenFx Updated 

Looking to long the Nikkei from 38750. Indices are pushing strong at the moment across the board, and there is no reason yet to be bearish until a drastic shift in structure or in the fundamental outlook globally. Stop Loss on this position will be: 250 points to cover the H12 50MA Looking to take profits above the high for continued strength. Confluences: ...

FalkenFx

Previous long area did not the support the JPN225 therefore interest is now aligned to the next area of long interest in the JPN225. COT data released Friday, shows us that institutions have been adding long positions to the JPN225 suggesting there is still a potential for a higher movement. Confluences for this area of interest to long: Big 23.6% fibo Retest...