The_Forex_Insider

The_Forex_Insider Updated 

EURJPY continues to trade in a channel as bulls and bears fight between US stimulus agreement and new covid strain fears. We would favour long side once price hits bottom of channel.

The_Forex_Insider Updated 

GBPUSD is up 0.65% so far today. We are expecting some profit taking to take place and the price to decline to support. Long positions will be taken once support holds.

The_Forex_Insider

AUDJPY in a bullish flag. Long positions above recent high. Entry 78.85 | SL - 78.65

The_Forex_Insider

EURUSD is currently consolidating and finding support around 1.2240. We entered the market at 1.2250 and SL at 1.2230.

The_Forex_Insider

GBPUSD s headed higher towards resistance. Waiting for confirmation of further upside or rejection before getting into market again.

The_Forex_Insider Updated 

Long positions post retracement. Targets at 1.2245 and stop loss @ 1.2175

The_Forex_Insider Updated 

AUDJPY is trading in a falling wedge, consolidating the gains from the past couple of weeks. We are looking to trade on the breakout entering the market at 78.50 | Target - 78.95 | Stop - 78.30

The_Forex_Insider

Gold currently trading on top of bearish channel and showing bearish signals as it is unable to press higher. Should more bearish momentum come in to the market we may look to add further short positions.

The_Forex_Insider Updated 

Shorting gold. Price met a resistance zone and was again unable to move higher. Short position places with SL - 1850.

The_Forex_Insider Updated 

AUDUSD is trading just above support level. Going long with SL - 0.7512 and TP - 0.7565

The_Forex_Insider Updated 

AUDJPY has found support on recently broken resistance. We are looking at long positions to breakout higher from the recent bullish triangle pattern. Entry price 78.63 | SL - 78.14 | TP 80.00

The_Forex_Insider Updated 

Waiting on AUDUSD to find confirmed support and look for long positions once again. Sl's below 0.7520 and TP 0.7585

The_Forex_Insider Updated 

Kiwi is poised for a breakout. Waiting for the initial breakout and then trading following the pullback. Entry - 0.7110 depending on the retracement level and targets to 0.7140. | SL just below resistance zone - 0.7095

The_Forex_Insider Updated 

EURUSD bull flag breakout happened overnight, and now we are looking for long positions following a retracement of the breakout. Once support is met on a key fib we will look for longs towards 1.2220. SL - 1.2115

The_Forex_Insider Updated 

EURJPY retraced from this morning's rally, down to the 0.618 level and now looks to have found a decent amount of support. Long position placed with the target at 126.60 and stop-loss at 125.95

The_Forex_Insider

The market is very bullish following positive news. Euro is at resistance level on top of channel. At this level we are waiting on a breakout due to overall market optimism. Once the market breakout, we wait for pullback and trade off the retracement.

The_Forex_Insider

End of week profit taking saw price rise slightly however market sentiment sending havens lower. We are expecting gold to continue selling off towards $1775

The_Forex_Insider Updated 

Shorting XAUUSD. The haven has reached the top band on the the 12-hourly chart and is overbought. Shorting with SL - 1874 and open TP with eyes belows 1700