Simply4ex

Simply4ex Updated 

Scenario 1: Confirmed break and retest of 1.30 will target 1.34 Scenario 2: A pullback toward and test of previous support at 1.2770-50 region before the next leg up. This will also create an inverted H&S formation on daily and a stronger push upto 1.34 region and beyond.

Simply4ex Updated 

Looking to short EURUSD on 4Hr trendline which is in line with the recent downtrend. This was established following formation of a rounded top at 1.19-120 region and break of neckline at 1.1860. This trade also aligns with the monthly bearish engulfing candle. SL above 1.1850 TP1 - 1.1750 giving 1:1 R:R TP2 - 1.1690 TP3 - 1.1550 (I think it should test this...

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Potential Short opportunity for Gold based on following - * Gold broke the horizontal support around 1920 and now retesting the resistance zone. * This also coincides with the sloping trendline as well as 61.8% fib retracement at 1926 from the recent down impulse * Resistance zone comes in at 1920-1928 * 3 bar (candlestick) monthly reversal pointing downward...

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Gold has tested the ascending channel top and got rejected. Considering FOMC later today, there is 2 short setups to consider if you aren't shot already from my previous idea below. www.tradingview.com Please see chart for levels

Simply4ex Updated 

GBPJPY has completed correction and broken the ascending channel on 4hr. Price now retracing to re-test the structure. Short at the trendline with Stop above yesterday's high and target atleast 130.70

Simply4ex Updated 

The whole world seems to long Gold now. However, note the following for reasons to be short. # Price hasn't closed above 1700 on a weekly closing basis yet. # A massive weekly bearish pinbar formed last week. # Price is at the border of the ascending channel. Watching Price Action closely for a short setup.

Simply4ex Updated 

EURGBP retraced to 61.8% fib retacement and previous support structure. Currently forming 4 Hr Double bottom. Long here with SL at 0.8710 and TP at the broken neckline around 0.90-0.9050

Simply4ex Updated 

Price has retraced to 50% Fib level and previous broken structure. Watching Price action for sell setup on 4hr. If this gives away the next stop for sell is at 61.8% Fib and confluence of multiple support and resistance. Fundamentally it's a bear market and considering all the companies are literally closed for business and some of them already out of business,...

Simply4ex Updated 

The correction for USDJPY stopped at the multi year descending trendline and appears to be over. A daily close below 108.35-50 will open the door to 106.60 and then toward 100.

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Looking for short setup on USDJPY @ 61.8 Fib retracement or break of the corrective ascending channel. SL above 108.55

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As the market currently doesn't have a clue what it's trying to do, the best trade on this pair is either to sell from channel top or buy from channel bottom which will give a great R:Ratio. I'd look to sell @ 1.729 with SL above 1.7370 & TP 1.7130 Alternatively buy @ 1.6915 with SL below 1.6850 & TP 1.7095. I prefer the long side of this trade if it presents...

Simply4ex

Gold has retraced 50% @1633 region and previous structure support. Its now consolidating and looks to be a good buy setup with potential to be a great R:R ratio.

Simply4ex Updated 

Price has completed correction and broken the descending channel. Look to go long on the structure.

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Wedge broken and price now came back to retest of the broken structure. This also coincides with 61.8% fib retracement of recent down impulse.

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Down impulse and then consolidation forming a triangle. Triangle broken to downside with 4H candle close.

Simply4ex Updated 

EURJPY Short setup at @ Previous Daily Resistance and broken neckline of the double top as well as 50% fib retracement of recent down impulse and 200 DMA

Simply4ex Updated 

USDJPY broken ascending channel and formed a massive weekly bearish engulfing candle. Price now retraced to 38.2% fib level and previous structure. It is a good place to short with 1st TP @ 107.80. If the price further retraces to 50% fib level, 50 DMA and ascending line of the channel bottom, this will give even a better level to add to the short position....

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* GBPNZD Forming LH & LL on weekly and daily and stuck within a descending channel for last 2 months * GBP had an extended move last week on election rumour but rejection at channel top last week * Considering Election uncertainty on 12th Dec, it's unlikely to break to the upside before the result. * After Friday's bearish engulfing candle close, price has...