I like the idea of selling this pair before buying. I think we can get a quick 50-100 pips of sell off towards the weekly and daily pivots before it starts to rally. If it breaks below 1.2790 look for a quick move into 1.2740 and beyond. See more about this at www.daytradersfx.com
we have a very short term bearish outlook here, several of the USD pairs are looking ready for at least a small correction and we want to get in on the action. EURUSD, USDCHF and others are looking ready for a small correction towards USD weakness and the DXY is looking ready to lead the way.
EURUSD did a nice job of breaking the rising wedge, I've been shorting it since 1.1330. I think/hope we have another opportunity to sell this pair at a retest of the daily pivot at 1.1320. SELL trend line break for confirmation TARGET: 1.1200/1.1150 STOP: above the highs, failure of the wedge I'll be updating the details about this in our free chat, you can...
GBPUSD has been playing around with those low levels for a while, I don't think the party is over yet. I'm looking for at least one more test of the 1.3000 area before we see this start to rally. We have a small rising wedge here, I'm looking for a break out down into 1.3040/1.3000 area. Stops above the recent highs entry to sell at the break of the trend...
NZDJPY has a few clean levels, I don't give a good gosh darn which way it goes, I'll take either one of these, a move lower should produce 200-300 pips and likewise a move up should be similar. We just need to get out of this channel/trend line area. See how we trade and manage this position at www.daytradersfx.com
GBPCHF is sometimes a quick mover and doesn't give a lot of time to think about it. For that I'm ready to trade a break, it's setting up for a nice move up into the weekly pivot, that's only about 100 pips but I don't kick 100 pips out of bed for eating crackers. If this 1.2565 area doesn't hold, I'll get out pretty quickly, otherwise I'm holding onto 1.2670 for...
we're watching GBPCAD for a simple break out, it was a very clean head and shoulders pattern, as that continues to consolidate it turns more into just a nice break out area. A move above 1.7450 looks very interesting for a move into weekly and monthly pivots around 1.7800-50 area.
We have such great set ups on several GBP pairs and EURGBP is no exception, this is so clean and beautiful! I want to sell the break of the neckline at 8300, target the monthly pivot at 8100 and have stops above 8400
This is a fast and furious 60 minute head and shoulders, I want to jump in at the break of the neckline at 79.30, targeting 78.30. JPY pairs can be squirrely!! Grab 100 pips and go home happy! More details about what we trade at: www.daytradersfx.com See daily video updates in the DTFX Video Library
GBPCHF as well as most other GBP pairs, we are looking for some GBP bullish/short term movement. We have a nice short term head and shoulders pattern on the 4 hour chart: Neckline: 1.3160/70 area Price projection: 1.3550 Rejection: below 1.2900 this is a no go Visit our website for more details: www.daytradersfx.com
DXY/Dollar index is setting up a nice bull flag, movement above 96.70 is confirmation and should start the move up to 99.00. This is important because we are waiting for EURUSD to move down into 1.0900 and 1.0650 as well as USDCHF moving up to parity/1.00 level. See more about this at www.daytradersfx.com
We have a pretty clean set up on CADJPY, a bit of a break out of current support should open this pair up to a 200+ pip move lower. Remember you can find more information about this by visiting our website: DayTraders FX Also visit our video library that is updated daily with new market analysis and trade idea videso: Video Library
EURJPY has a very similar set up to EURUSD, I like both of them, maybe EURUSD a little more but I will trade both of these set ups. I'll sell the break of the 1 hour trend line, target the weekly lows, keep stops above the weekly pivot (around 115.00). It's a simple clean trade, it might sneak up in the middle of the night, be ready! See more about this at: ...
Silver is still correcting, targeting 15.35 - 15.25 both relevant in its fibonacci retracement levels.
Gold continued to slide down, breaking the channel that holds the correction that started since February. We believe that bears' movement is limited towards 1197-1190 before price rises once again. Happy trading traders!
AUDUSD can still go upside reaching 0.73350-0.74080 as long as previous low 0.72445 holds.
$1,180 in gold is super important, it's now a triple bottom and a break gives a potential run down to the long term 50% fib down at $1,085/$1,050 level. However if this level holds it could represent a major support and turning point for a rally up into the $1,400's and above. This should also trickle over to the USD pairs, especially EURUSD, AUDUSD, NZDUSD, USDCHF.