currently short usdcad. we have displayed a range for the last few day with the market being quite choppy. however we have just broken and retest the range and my MAs have crossed on multiple time frames which tells me that we may be going short.
currently short usdjpy. we have recently rejected the two above fibs 3 time now and have put in a 1 hour strong bearish close below the counter trend line, also closing below previous low in the process. i am targeting 110.00 key level which coincides with the range we have previously broken out of.
Currently short usdcad after showing inside candle on the four hour and shooting star on 2 hour time frames around a descending trend line which could be a strong barrier for this pair as it is currently bearish in my opinion. Targeting 1.3000 lows
shorted gbpusd this morning. after a ver strong bearish day a couple of days ago it seems to have sucked a lot of the upwards momentum out of the pound, which has now broken out the bottom of an ascending wedge pattern. i am targeting the base of the pattern back down at 1.20151 so we will see how this goes
Currently short audusd after rejection of double top structure. I'm expecting a roll over to make new lows at 0.70678 and ill be taking partial profits should the market get down to previous low. really nice risk reward on this trade as well
EURGBP showing short potential with a head and shoulder pattern formed and neckline broken. we have currently retraced back into the shoulder and are rejecting 50 MA multiple times. initial targets at 0.8400 which is a nice RR also. just waiting euro major news before entering
short opportunity presenting itself on gold after some stop hunting earlier in the week. a close below the double top which has formed will present a short opportunity down to 1112.00 with nice risk reward
Pound currently showing weakness against the dollar. My longterm view of the pound is that it will see 1.1500 next year and aren't really looking for too many buy trades until it proves its got strength. However in the mean time it is sitting in a precarious position above 1.22500. A break of this level will see us down to new strong level of 1.2500 which has been...
EURUSD is looking really bearish here as it is trying to hold on by the skin of its teeth. It's looking like it's going to be going short again after this brief retracement fizzles out. I'm looking for euro to come back up to the 38.2 Fibonacci of the last move down to look for multiple rejections to look for a continuation opportunity back down to initial targets...
For people who trade EURJPY there is a further bullish continuation setting up on the 4hour. we are coming back the trend line of the current upwards move which also fall in line with some Fibonacci confluence. if we can reject that trend line once more and close above 122.800 this will signal a buying opportunity up to targets at 125.500 with a nice risk reward
EURGBP is currently range bound. i am Awaiting a break out either side of range on the 2 hour to initiate either buy or sell trade.
Downside targets would be a test of lower trend line around 0.826-0.82500 area
Upside targets at 0.85000
GBPUSD has retraced and looks like it has stalled a ma major area of resistance wit several confluences halting its move. another 4 hour rejection of the 200 MA and if we close still below 1.2500 i will be selling this market back down to 1.2300 which is the last significant low. if we break that level then the pound could be in trouble
Bias for gold at the minute is short. if we can get up to around the Fibonacci confluence zones then i will be look for multiple rejections to signify were going lower. if we get the signals we could be heading down to 1120