Nice head and shoulders on the daily. Clean break of the neckline and the previous day low. Dxy is bullish and looking strong. I will be taking the follow trade on NZD/USD MARKET SELL NOW ENTRY - 0.60781 SL - 0.61418 63 PIPS TP - 0.58534 224 PIPS
Really good Market structure on G/U Consumer Sentiment news for the dollar just released this morning at 10 and came out positive. This should help the DXY rise which by correlation would cause the GBP/USD to fall.
GBP/CHF Has a very nice double bottom and has given a change of structure to a potential uptrend on the lower timeframe. I am buying it now and getting out at the next major level of resistance.
G/J is giving great uptrend market structure. I will be taking G/J Long for 144 pips. Entry - 97.747 Stop Loss - 197.072 67 PIPS Take Profit - 199.193 144 PIPS
NZD/USD is in a overall downtrend from the higher timeframe. It has given equal highs forming a double top on the 2hr. I will be taking the following sell on it: Entry = 0.61443 Stop Loss = 0.61693 25 pips Take Profit = 0.60941 50 pips Lot Size = (0.05)
Since the feds are trying to clean up their own mess by bailing out the SVC Bank in New York the dollar has started to weaken on the charts. I will be taking the following trade on this pair. Entry - 0.91037 Sl - 0.91783 (74 pips) Tp - 0.89037 (200 pips)
Price has failed to make higher highs and there is also bearish divergence on the RSI indicator. Here is the play I will be takin on this pair: Entry - 0.93101 Stop Loss - 0.93665 56 Take Profit - 0.91534 156 PIPS
Price has broken its downtrend market structure and is not making higher highs and lows. The Dxy is also losing strength after lower than expected "CB Consumer Confidence'. Here is the Play I will be taking on this pair: Buy Stop - 1.06416 Stop Loss - 1.06095 Take Profit - 1.08010
Price is creating perfect uptrend structure. Here is the play I will be taking on this pair: Entry: 132.207 Stop Loss: 131.454 Take Profit: 134.047
Price has created the perfect break and retest to the upside on this pair. Here is the play I will be taking. ENTRY - 1.64550 STOP LOSS - 1.63840 TAKE PROFIT - 1.66302
Price has created equal highs. The dxy is starting to rise. If more bears come in to break the uptrend structure we could see price fall further. Here is the play that I will be taking on this pair: Order Type - sell stop (pending order) Entry - 1.07671 Stop loss - 1.08800 112 PIPS Take profit - 1.03745 392 PIPS This is a swing trade that may take a few days...
Price has finally broken below the support area of a Major rising wedge. It has since given a perfect retest of the 61.8 fib level and the bears have now shown up on the lower TF. Here is the play I will be taking: Entry - 1.05828 Stop Loss - 1.06354 52 pips Take Profit - 1.04155 167 pips
Price has formed a Major Rising Wedge (bearish reversal pattern) on the 4hr tf. Price is also at a Major resistance zone with Bearish divergence on the RSI. I expect price to do some sort of a stop hunt taking out the previous high before falling. Here is the play I will be taking: (SELL STOP ORDER) Entry - 1.07546 Stop Loss - 1.08118 - 57.2 pips Take Profit...
Price has broken a major up trendline and currently falling below resistance. the dollar is also gaining strength which will push this pair down. Here is the Play I will be taking: Entry = 0.62712 Stop Loss = 0.63293 58 pips Take Profit = 0.60576 213 pips
Price has broken out of a falling wedge with a perfect (break and retest) Bullish momentum has shown up with the addition of the dxy falling. Here is the Play I will be taking on this pair: Entry = 1.06407 Stop Loss = 1.05980 Take Profit = 1.07268
Price has given a perfect rejection of the 61.8 fib level and has made a higher high with a bullish engulfing candle. Perfect Buying Opp as the DXY is also rising. Here is the play I will be taking on this pair: Entry = 136.566 Stop Loss = 135.495 107 pips Take Profit = 138.859 229 pips This is a swing trade.
Price has created a rising channel where the candles have respected the support trendline as well as the horizontal support line. (confluence) Price is also starting to form a morning star at support. The DXY is also gaining strength. Here is the play I will be taking on this pair: Entry = 1.35700 Stop Loss = 1.35400 Take Profit = 1.37000
Price has broken above a minor resistance level and has retested it as support. Bullish pressure has shown up and price has plenty of room to rise to the next level of resistance. Here is the Play I will be taking on this pair: Entry = 144.802 Stop Loss = 144.376 Take Profit = 146.148