KingWenz84

KingWenz84

Let me know what you think

KingWenz84

It's all on the chart

KingWenz84 Updated 

This is forming a descending wedge within a much bigger channel. Watch for the break, if it closes above the upper trend line I see it going long to about 0.888 / 0.89. If it doesn't break the upper trend line then I see it going back down to 0.853. However my money is on a long on the break. I have a Buy Stop at 0.86200

KingWenz84

I see a Bearish Butterfly pattern developing. I am buying to 158.2 then going short 150

KingWenz84

My idea for CADJPY Short Term Long - We are in a Bullish channel and we now see a Bull Flag within this channel on 1H. So I am long with TP at 90.70 & SL at 89.950. Midterm Short - This will then hit the upper side of a much larger channel seen on the 1D. I expect the bears to take over as the RSI on the W is 77 & 68 on the 1D. I have a Sell Limit at 90.6...

KingWenz84

My view on Gold. Please take your own trade ideas from this as you see fit. I see it remaining Bearish until we see a break out of this channel until then, stick with the trend.

KingWenz84

We have seen a break out the the bullish channel on the Daily, I would expect a re-test to resistance and the under side of the trend line followed by a further bearish movement. My Initial position would be: Short TP: 0.9900 SL: 0.9600 RR: 1:2.85 Depending on how this move goes I will re-access the chart for the potential short

KingWenz84

My idea for Next week on EURUSD Long. Trading on the last leg of a butterfly pattern. TP:1.22058 SL:1.18287

KingWenz84

Long from resistance to break out of the bearish descending channel.

KingWenz84

CHFJPY Long to stay within bullish channel

KingWenz84

Go Gold Go! Look for a break of the upper trend line and then a retest.

KingWenz84

Hi, what do you think of this idea. If the price goes to 1.26585 I see a good place to go long

KingWenz84

EURGBP Long Entry - 0.87591 SL - 0.87461 TP1 - 0.87770 TP2 - 0.88535

KingWenz84

XAUUSD - Short Entry - 1820 SL - 1832.183 TP - 1796.914

KingWenz84 Updated 

My Idea for the AUDUSD short The RSI shows the current price is high indicating a imminent sell off, and the MACD has shown a cross over. I think this will now move the lower side of this bearish channel. MY Entry 0.7726400 SL: 0.77613 TP: 0.75306

KingWenz84

I think it will retrace following on from the large bullish movement of last week. I think I it will test the resistance of the trend line then drop to the fib levels. I will move to SL down as it tests each fib level and creates a lower high. Given this I expect my last TP will be about the fib 0.236 or around 1.36100

KingWenz84 Updated 

My Next Idea: GBPUSD has been consolidating in a wedge formation, It is coming to the end of the formation so we expect a break out. I think this will be on the bearish side. I expect it will break out to around the 200MA around 1.35800, then retest the lower side of the trendline before heading down again to support which I make around 1.35320. When this...

KingWenz84 Updated 

I have entered a short position on EURUSD. My thinking is it will continue to be bearish in the shorter term to reach the lower side of the bullish channel. I think it will break and then retest the support / resistance at 1.21140 then reach the bottom of the channel somewhere around 1.19230. Given the lower channel trend line is in a similar area to the...