Buy at 72.65
The medium term bias remains bullish
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing
Bespoke support is located at 72.65
Further upside is expected although we prefer to buy into dips close to the 72.65 level
Expect trading to remain mixed and volatile
Stop: 72.30
Target 1:...
Trade Idea
A bearish Head and Shoulders has formed.
Negative overnight flows lead to an expectation of a weaker open this morning.
Selling posted in Asia.
We look for a re-test of the downward trending resistance.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.7325, resulting in improved risk/reward.
We look...
EURNZD - We are bearish on both currency pairs so this isn't a trade setup we would usually be looking for, however this is setting up nicely for a monthly swing down to the 1.70500 zone which would give us a decent 450 pip trade.
We will slowly build a position on this pair with entries around 1.74600 depending on bearish price action in this zone, and a 60 pip...
This pair has created a bearish structure for me and I will be looking to take shorts around the area I have highlighted.
My short term take profit is highlighted at the bottom, this is short term as I believe this pair has huge potential for more downside.
Trade safe and good luck!
This pair has broken out of a downtrend and I am seeing a potential move higher. A buy zone was created in the London session today and I am hoping for a consolidation back into this zone tomorrow. The take profit is a previous support, now resistance.
Trade safe and good luck!
DAY TRADE - EXPIRES AT 9PM
Trade Idea
A bearish Head and Shoulders has formed.
We have a 78.6% Fibonacci pullback level of 1.7140 from 1.7307 to 1.6526.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.7140, resulting in improved...
DAY TRADE - EXPIRES AT 9PM
Trade Idea
A bearish Head and Shoulders has formed.
A break of the neckline is required to confirm the formation.
The measured move target is 1.6300.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6700,...
DAY TRADE - EXPIRES AT 9PM
Trade Idea
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 72.25.
Positive overnight flows lead to an expectation of a firm open this morning.
Dips continue to attract buyers.
Further upside is expected although we prefer to set longs at our bespoke support levels at 72.25, resulting in improved...
DAY TRADE - EXPIRES AT 9PM (UK)
Trade Idea
A bearish Head and Shoulders has formed.
A break of the neckline is required to confirm the formation.
The measured move target is 1.6300.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
DAY TRADE - Expires at 9pm
Trade Idea
A bearish Head and Shoulders has formed.
A break of the neckline is required to confirm the formation.
The measured move target is 1.6300.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6800,...
As i stated on Monday, the majority of yen pairs have started recovering from the drops of last month. This pair I took a long on Monday in my premium group and looks set to hit my target and potentially target 76.5 in the long term.
Trade safe and good luck!
This pair has entered a buy zone which it previously bounced off for 50 pips.
I have entered a long position again and look to take profit at a previous high.
Trade safe and good luck!
I had this trend line drawn up since March and it has now been broken.
A retest of this line and rejection can be seen,with a bearish pattern forming on the lower TF's.
Trade safe and good luck!
NZDCAD is a very wild bucking bronco. Recent price action in a ranging market holds some potential for long or short positions. But at this time it's a waiting game. Avoid FOMO.
I shared this trade with my premium group last night as this pair is showing resistance on the 1 hour time frame. I'm hoping for a short term pull back to my TP zone.
Trade safe and good luck!
Got stopped out last Friday on this pair and it was quite frustrating as it showed so much potential.
However, a new week and a rejuvenated mind. I've spotted that the down move is still on, after seeing the daily TF.
Trade safe and good luck!
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