JoshFX1

JoshFX1 Updated 

GBPAUD is close to the lower range and also close to a resistance at which price got rejected twice in the past. A break out of either the resistance of a lower range will likely be followed by a strong 300-500 pip move in a couple of days (since its the daily time frame) Keep a close eye on GBPAUD and act when theres a break-out. I shall try to update this idea...

JoshFX1 Updated 

The chart explains all. Stop at 0.7990 Take Profit at 0.7860

JoshFX1 Updated 

*Note that Draghi has a speech this afternoon so EURO pairs bring more risk today On the 4 hour and daily time frame EURUSD bounced back of a support level. For this idea I decided to use the 4 hour time frame because it better shows the volatility. Based on the fact that EURUSD bounces back on a support level on multiple time frames its a strong sign that the...

JoshFX1 Updated 

NZDUSD has a nice upper range break-out on the 4 hour time frame. The next 2 resistances are around 25 and 90 pips from current market price. Targeting those will give some nice profit. Open: CMP TP: 0.7380 SL: 0.7260

JoshFX1 Updated 

NZDCAD is currently in a channel that starts to shape like a wedge. Currently the price sits close to the lower range. As you can see we can now also draw a new upper range. A break of this will confirmed the buy. A break of the lower range confirms a sell Have some patience and wait till break-out from either side, this break-out will happen on Friday and can...

JoshFX1

CADJPY on the 4 hour time frame finds itself and a narrowing triangle failing to push up due to lack of good buying volume. If you take a peek at the daily time frame you also see the flat top here. This doesnt mean perse that CADJPY will stop going up but for now the strength is lacking making a retracement very likely so we go sell CADJPY. After this retracement...

JoshFX1

It looks like GBPNZD is bouncing back up of the lower range, how ever the indicators aren't very convincing yet. Best is to wait till this daily candle closes. If it closes around CMP this will be a nice buy. If it closes at the lower range then wait till tomorow, if it closes below then sell. Easy setup if you have some patience

JoshFX1 Updated 

EURAUD is right now forming a nice ascending channel with price close to the lower range. It looks like EURAUD has enough strength to fly up further towards it next resistance. Open: CMP TP: 1.5079 > 1.5150 SL: 1.4940

JoshFX1 Updated 

AUDJPY looks to be a long term buy on the daily time frame and it will probably test a few resistances again that were set a long time ago. So for now AUDJPY remains a big buy! What would validate a sell? Well a break of the lower range and a break of the previous resistance that just has been broken will validate a sell. So either hop on the bull train or have...

JoshFX1 Updated 

NZDUSD is approaching a resistance but it's also still close to the upper range. Best thing to do is to have some patience and wait for one of them to break out. Then trade it in that direction. Indicators are bearish with ADX red line about to crossover the green line and Stoch is also making a bearish crossover. If you lack patience like I do you could already...

JoshFX1 Updated 

CADJPY on the daily time frame has a nice break out from its resistance and the trading channel. For possible resistance levels we have to go back in time, back to 2015 to be exact. The resistances that you see are based on CADJPY trading ranges from 2015 and the last time that CADJPY traded between 92 and 102. Giving the recent rate hike and the more than decent...

JoshFX1 Updated 

On the weekly time frame GBPJPY finally managed to break out from its long time resistance. You can see that in the past years it bounced back 3 times but this week it has finally broken it. This means 160+ is next for GBPJPY. Keep in mind that this is the weekly time frame providing a long term view. There will be plenty of retracements and small corrections to sell.

JoshFX1 Updated 

GBPUSD on the weekly time frame has broken from its last resistance today. As you can see on the chart the next resistance is still a long way. The daily time frame is also bullish but there we still see a last resistance around 1.3450. The view here is very clear, soon we see gbpusd print 1.40 again! If you arent buying yet then buy the dips to get in at a nice price.

JoshFX1 Updated 

USDJPY is a nice strong bullish wave and currently the candle is breaking the upper range. It still not to late to buy with a big target of 114 if you got the patience. If you more an intraday guy/girl then aim at 110.30

JoshFX1 Updated 

Easy setup for USDJPY on the daily time frame. The lower range has broken indicating a further fall towards the next support level(s) Use the next support level as your take profit target or when it gets hit move up your stop loss to protect some profit and follow the wave to the next support level. sl: 113.84

JoshFX1 Updated 

GOLD on the daily time frame gives a nice sell setup for the upcoming week. Its approaching the 14 ema and the 72 ema is very close to it. Since the indicators give a bearish crossover chances are high that these ema levels will break. As you can see in the past these breaks mostly lead to a further downfall giving it a very high probability that price will hit...

JoshFX1 Updated 

After a nice uptrend EURGBP looks ready for the move down. Its at the top of a bearish wedge and since Fridays candle closes red it rejected the resistance. Take profit: 0.8930 > 0.8860 > 0.8770 > 0.8645 Take note its the daily time frame so the move to 0.8645 isnt done in one candle, 6-9 candles are more likely. Stop: 0.9120

JoshFX1

EURGBP on the daily shows a great sell entry. its testing a previous resistance and the resistance above it isnt that high. The best strategy to sell this pair is to begin slow. Start with a small position so that you have enough left to add some more every 40 pips spike. And if it goes down add more every 60 pips. The longer (around 2-3 weeks) target is 0.86. So...