AUDUSD Aussie, I am bullish the dollar short/medium term view. I have been short most of FX major pair and scaling out but we are currently stuck within range on all FX majors. The commodity FX pairs have had more downside and that is being reflected on EURNZD / EURAUD. However, overall when we look just at Aussie we are within a range and it is a break to...
GBPNZD - Just an idea! Technical view: Beautiful channel/ Trendline down now concentrate on that. Now yes could be pattern wise a cup & handle pattern - but it hasn't broken out yet ... Look at the price and the wicks of the candles on knowing who's in control. Above and out of this channel bulls can gain control towards 200 EMA. However, if we break below the...
JPY - ⑊⑊ Channel JPY Still within this channel / Pennant pattern - a break to either direction. Break above H: 131.360 expect 133 areas Break below L: 127.000 expect 125 areas It's clean set up but don't forget to use your own trade plan Trade Journal
AUDCHF Keep in mind most of the minor swiss pairs they brewing for a break out either direction! Highs: 0.64460 Lows: 0.63585 A break of the highs next area of interest would be 0.64980 A break of the lows next area of interest would be 0.63255 Clean set up! Don't forget to trade your own plan. Trade Journal
BTC - Back to 20k?! You either going to love this or hate this but I think we should re-visit the 19-20.5k areas, now what I think really doesn't matter. However, the technicals is what really matters. If we don't stay above this elevated areas 19-20k but if we get bulls above and go above key resistance sure 25k easily but we do have FOMC this week and that is...
AUDNZD Another day, another great opportunity for us trades to take advantage of. AUDNZD We are at key resistance when it comes to higher time frame including daily and weekly. We could say we are within the channel for now but if we break below 50 EMA & of trendline support expect 1.09170 areas to be target areas. However, if we break the highs of 1.09865...
CADJPY - Trade idea Pattern: A break to either direction. Highs: 98.170 Lows: 97.440 If we go below the lows, expect 97 areas to be your target adding confluence with trendline support If we go above the highs, expect a retest of the highs of 98 half areas. Have a great day ahead, Trade Journal
EURNZD - A break to either direction Pennant/ Inverse Cup & Handle / Bear flag - Whatever is on your trade plan... It's a break above Highs of: 1.70115 It would take you towards 1.70725 A break below the lows of: 1.69170 it would take you towards 1.68560 Ideally wait for the break for further confluence. However, be sure to stick to your own trade plan. Trade Journal
DAX - ☕ One of my most favourite patterns! Cup & Handle pattern - Inverse! I've back tested this pattern many times and it never has failed me with the correct amount of risk etc. What states on your plan, that's the greatest importance. Highs: 15420 Lows: 15280 A break above the highs this trade plan is no longer valid. A break below the lows I expect the...
EURGBP Another double bottom + TL as support! We could go further and add various other confluences but what's really important to implement your own trade plan in this idea! Double bottom, support 0.88350 areas. Drop below further than that, then I would re-think this idea. Overall stay above the support of 0.88350 and break of the key resistance that has...
GBPNZD - Just an idea! It's a break above 200 EMA expect 1.618 as target areas! It's important this week regarding fundamentals to take into consideration as we have many CB's! If we stay above these levels, the bulls are in control. However, if we were to break below the areas of 1.90400 areas then bears may gain control. Key tip: Most of the time, it's...
AUDUSD - Interesting look It is very interesting range forming, we got pattern, we are at key resistance on higher time frame, within in a channel + TL but it's a waiting game on this and I think many take time it may break next week FOMC, I think that's when all FX majors will break out to either direction further. You can't predict what the FOMC are going to...
USDCNH - Inverse H&S Inverse H&S taking it towards 6.8000/6.90000 areas A break above for further confirmation. Smaller term we could go test 200 EMA - If we break below 6.7 expect to re-test of the lows. Don't forget to trade your OWN plan! Trade Journal
EURCHF - Trade set up A break to either direction adding confluence to 4hr time frame 50 EMA support - 200 EMA 1hr next Support. Could be head and shoulders, too early to say as we do need break to further down side if it is and if not break above 1.00400 areas and re-test of recent highs would be your TP area. Another day, another great trading...
FTSE 100 Clear trendline up, pattern formed - you could wait for daily close and see if this bearish formation comes into fluorescent. Key an eye 1. Trendline and 2. The pull back reaction (Whos in control) Trade Journal
$CHF - A break to either direction We are within this channel, you could say flag/pennant pattern a break to either direction! Break above 50 EMA expect 200 EMA TP Break below .91 half areas expect that spike low TP Have a great day ahead! Trade Journal
$GBPCHF - A break to either direction! We had a pull back finally in the market, AUDCHF came down and various other markets such as ES, GBP etc. Now I'm going through minor FX pairs this is a break either direction. We are within channel, added alerts in to either direction of break. If we were to go above and carry on within channel expect 200 EMA target...
$GBPAUD - Where to next? Beautiful pattern brewing in GBPAUD a break above would take towards 200 EMA as target areas. However a break below would go towards 1.7400-1.7300 areas Don't forget to trade your own plan! Trade Journal