Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and...
Gbp/Aud shorts in play. Price trading under trendline and fib resistance. shorts taken!
Japan225 - Bearish Trend Scenario Japenese index Nikkei225 recently broke and retested an ascending triangle pattern on the daily chart suggesting more downside for this index and also big strength for jpy pairs according to their correlation. If you look at the weekly chart of japan225, you can see the trump rally has lost its momentum with multiple...
Long nzdusd and dollar weakness and nzd being at oversold levels. target of 100 pips risk of 30 pips. decent R2R.
Gold short - H4 timeframe - break of trend line and a close below structured resistance signals a move down to 1242.
here we have a nice trading opportunity to sell oil and even better opportunity to buy oil around 46.50. lets see how it plays out
Aud/Nzd short trade based on price action strategy. Price broke the channel line support and is likely to test the structure support at 1.0470 and then 1.0320.
I will be looking to short eur/gbp when market opens tonight. this trade has a very good risk to reward ratio and a very high probability setup.
here we have a good oppurtunity to short Aud/Usd and possibly most other AUD pairs as it is extremely overbought and has also tested the weekly trendline resistance and dropped. Right now, we have a possible H&S pattern on the 4 hour tf and price is right under a 4 hour trendline resistance and also fib 61.8 resistance. Very good risk to reward on this high...
AUSSIE AT EXTREMELY OVERBOUGHT LEVELS, TESTED THE WEEKLY TREND LINE RESISTANCE AND FAILED. PRICE IS CURRENTLY BELOW THE FIB 61.8 RESISTANCE AND IS ALSO FORMING THE RIGHT SHOULDER OF A H&S PATTERN. HIGH PROBABILITY TRADE WITH GOOD RISK TO REWARD RATIO. LETS SEE HOW IT PLAYS OUT
LONG ON EUR/AUD. I SEE WEAKNESS IN AUSSIE DOLLAR AND STRENGTH IN EURO AND GBP. THIS TRADE HAS A RISK TO REWARD OF 1:6 AND IS MOST LIKELY GOING TO BE A MID TERM POSITION.
Currently long on gbp/aud. risk to rward is very good on this trade 1:4. lets see how it plays out.
Long opportunity on GJ with possible target of 400 pips to 134.
CURRENTLY SHORT ON GOLD FOR A TARGET OF 150 PIPS DOWN TO 1330. LETS SEE HOW IT PLAYS OUTS! CHECK OUT MY INSTAGRAM 'SAGEFX' TO SEE MORE ANALYSIS AND SIGNALS.
GU - 4 HOUR TIMEFRAME. PRICE HAS BROKEN A TREND LINE SUPPORT, FORMED A HEAD AND SHOULDER REVERSAL PATTERN WHICH IS ALSO SUPPORTED BY A BEARISH RSI DIVERGENCE. WE ARE CURRENTLY SHORT ON THIS PAIR.
I will be looking to go long on oil around 44.10 with a target 1 of 49 and target 2 of 51.80 with stop below 42.80. lets see how it plays out!
JUST AN IDEA. GBP/JPY IS TRADING IN A CHANNEL AND HAS NOW TESTING THE CHANNEL RESISTANCE. I HAVE PLACED A SELL ORDER AT 135.70 WITH A TARGET OF 134.20 AND STOP ABOVE 136.60. LETS SEE HOW IT PLAYS OUT!
I think the dollar will stay strong this week atleast until NFP on friday. As we all know, news is just an excuse to change price direction so I am sticking with basic technicals and have drawn a trendline channel that DXY is current trading within. Theres a trend line resistance around 97.05 for the dollar index which is +100 pips from its current price at 96.02....