Mase_00_7

Mase_00_7 Updated 

Lower than expected increase in employment out of CAD and a better than expected NFP out of the USD has added up to a shift in the direction of this currency pair. I will be looking to buy the dips and will update this idea as and when I do.

Mase_00_7 Updated 

USD strength may be back, at least for the time being, after NFP print exceeded expectations and MoM hourly earnings growing. Short EURUSD Entry: 1.18430 Stop: 1.18981 Target: 1.15031 Good luck.

Mase_00_7 Updated 

Can USDCAD Make it to 1.25000 before the weekend? Short at 1.25450 with a profit target of 1.25100.

Mase_00_7 Updated 

2618 trade setting up on AUDUSD at 0.79336

Mase_00_7 Updated 

A bearish Gartley pattern has formed on the GBPUSD M15 chart. My bias is short based on Pivot Point Theory (Weekly M3 to Weekly M1) so this pattern aligns with my prediction of further bearish price action.

Mase_00_7 Updated 

GBP has broken support at the Weekly Pivot Point and proceeded to a 127.2% extension. I'm looking for a pullback into previous support turned resistance to short down to the Weekly S1 at 1.29000 Here is a better pic without indicators:

Mase_00_7 Updated 

EURUSD is flirting with the top of the "no-fly zone" and has put in a top just shy of the Monthly M4, the predicted high for the month. Price rejected the 1.15800 level, or 20 pips shy of the 1.16000 even handle which isn't a surprise, and has subsequently retraced back down to previous minor S&R together with dynamic support found in the 1HR...

Mase_00_7

Last week EURJPY made a strong bearish rejection from a confluence of pivot points; both Weekly and Monthly R1's. The 4hr Stochastic went oversold and is now trending down The 4hr MACD is down The 4hr RSI is trending down The 1hr Stochastic is currently overbought The 1hr MACD is down The 1hr RSI is trending down I am looking for a move up to the...

Mase_00_7

GBPUSD has been making higher highs and higher lows since January this year. The high made on Friday 14th July is the highest this pair has been since September 2016. Price is trending above the 4 Hourly 21, 55 and 200 EMA's. Price bounced on the Weekly S1 at a 50% retracement, just above the Monthly M2 Pivot point on Wednesday 12th July. Pivot point theory...

Mase_00_7 Updated 

I don't usually trade Elliott Wave but this setup jumped off the chart and slapped me in the face while looking for reasons to go long GBPUSD. 15th August saw the beginning of the 1st wave with a double bottom at post-Brexit lows. To kick off leg 2, on Thursday 1st Septmeber UK PMI Manufacturing came out at 53.3, above the projected 49 and far exceeding July's...

Mase_00_7

USDCHF, like many of the USD pairs has exploded up to 1.382 extensions and so I am looking ahead to my final target of longing the USDCHF up to 0.98600. Trade #1: I will wait for price to retrace back down to 0.97125 before looking to go long for 50 pips. Trade #2: Once price hits 0.97650 I will be looking for reasons to short back down to 0.96860 for 80...

Mase_00_7

The Pound has exploded higher on Friday and in my experience after such strong movements comes a decent pullback. I am bullish on the GBP as we are now trading well above the most important moving averages, aswell as having convincingly broken through the Daily 21 EMA. I am expecting a retest of the D21 and previous structure found at the 133.200 level before...

Mase_00_7 Updated 

Sell the rally, but where to sell? The big blue 504 period EMA represents the Daily 21 EMA on this hourly chart, and as you can see we had 2 nice bounces off of it. I have marked up the 618 fib of the double top so if you were a bear you could short from 132.937 as a 2618 trade with an initial target of 132.477 or roughly 45 pips. The rest is up to your trade...

Mase_00_7 Updated 

EURGBP has retraced up to the 38.2 fib level from the most recent swing low which has given me an aggressive short entry point back down to the previous lows at the 0.84900 level. We are overbought on all timeframes from the 4hr down which has given me confidence to bag at least 20 pips or so profit from this trade. My mid-term bias however is bullish up to the...

Mase_00_7 Updated 

I'm anticipating a short rally on Monday before the bears take control and we firstly re-test 95.50 before heading back down towards the trendline at 93.80. A short entry at 96.60 will give me a 1.1:1 R/R shooting for 95.50 with stops moved to break even at this level for a risk free trade.

Mase_00_7

I'm looking for a rally up into the 103.100 - 103.400 region before shorting back down to 102.000 upon seeing converging bearish signals and the 200ma acting as resistance. I will close half my position once we reach 102.200 with stops moved to break even, with a view to eventually retesting the previous monthly low at the 100.00 level.

Mase_00_7

Cypher completing at 1.29115. S/L @ 1.28712 TP1 - 1.29630 and move S/L to B/E.

Mase_00_7

With a 61.8 fib retracement falling in the same zone as previous S/R, and a continued bearish outlook on this pair I will be looking to short the USDJPY down to the 101.500 level firstly with a view to reaching the 100.00 level.