TropicalPhil

TropicalPhil Updated 

GBP has been performing well late 2017 and early 2018 gaining from lows after Brexit.. GBPCHF I find is still a lot lower compared to old price range 1.40-1.55 area from 2012-2016... It has been slowly gaining momentum and the last few weeks have been very bullish.. GBPCHF has been sideways a few days in a range and a breakout seems to be forming as Im posting...

TropicalPhil Updated 

EUR has been pretty bullish for some time and I see opportunity for a good pullback. We had a bullish candle last week and it was followed by a bearish engulfing candle. I see a good retrace opportunity to support. ENTRY 4.8700 SL: 4.90000 TARGET 1: 4.7200 Depending how this area reacts, I may take some profits and let the trade run or close out if area shows...

TropicalPhil Updated 

Looking at Weekly.. we are very close to a major trend line that has held on weekly... also.. We have made a Higher high recently.. if the trend line holds then it would make a higher low.. indicating momentum slowly going Bull.. we finally broke over the 200 MAV for a short period.. I will add a small position on the trend line with a stop 100 pips below the last...

TropicalPhil

GBP has gotten beat down, after the vote last week the GJ dropped harder but since, bounced hard off the major support trend line on Daily... GBP is a strong currency and I think this should be the beginning of a good rally... UJ is a bit correlated with this pair and Im seeing UJ to be gaining a bull run as well in the coming weeks ahead. This is a good R;R with...

TropicalPhil

NU on weekly rejected a down trend line... Im seeing the beginning of a long term bear run. With FOMC rate hike today and USD been in a weak state for weeks. Im thinking USD bulls might come out end of this week or next week and give the USD some strength back. Cheers. GOOD R:R on this.. Ill set two trades from here.. one with a trailing stop and another with a...

TropicalPhil

On the daily this has performed a double top.. I see a big retrace for this pair coming. Good RR TP1: 1.01177 TP2: 1.0027 SL is Nov 8th high.

TropicalPhil Updated 

This pair had a huge drop and finally bounced back.. since then has double topped and is looking to head back down maybe to test the last low of 3.7641. That is my target but I will monitor it if I have to close early. SL: 3.9750 TP: 3.7640

TropicalPhil Updated 

EG has rallied hard.. it has been rejected hard at the 50% fib line, already falling. This is good risk reward on the short. CAUTION: euro rate decision tomorrow and speech which I think should also damage the euro with speeches which should include Brexit article 50 due to commence next week, france elections risk of france leaving euro. the euro is in trouble.....

TropicalPhil Updated 

This pair has pushed over 300 pips with little rest... 1.3400 has a lot of resistance here.. expecting a decent pullback before more upside.. risk reward is very good.. trade careful SL: 1.3410 TP: 1.3325 (first fib retrace line)

TropicalPhil Updated 

THIS EURGBP PAIR BROKE A DOWN TREND LINE.. BUT HAS HIT RESISTANCE AT A 38% FIB LINE AND LOOKS WEAK... should fall to retest the line and maybe continue as support THIS IS A GOOD RISK REWARD.. 3:1 ROUGHLY... trade careful SL: 0.8600 TP: 0.8500

TropicalPhil Updated 

AUDCAD has seen a good 600 pip run with a small pullback... it has hit huge resistance at 1.0250 on 4H looking far left... this was a similar situation to UJ hitting 118.50... Im expecting a huge pullback here.. there was a big rejection at 1.0250 and dropped hard... Risk Reward is good SL: 1.0265 TP: 1.0100

TropicalPhil Updated 

Looking at WEEKLY chart.... the GBPAUD is at a level of huge support.... looking far left this was once huge resistance... this now looks like a very good double bottom and I see a big push up coming... I have opened a small trade and will add larger if pulls back lower... If you switch to hourly... price pushed off 1.6000 area aggressively... SL: 1.5800 TP1:...

TropicalPhil Updated 

AUD posted some weak data the other day. This pair has been sideways ranging for over 2 weeks. I don't think it has any more strength for the upside without a good pullback down at the least. SL:0.7750 with a trailing stop of 20 pips TP1: 0.7650 TP2: 0.7600

TropicalPhil

Gold had a nice retrace from the original down fall and failed to break 1220. It broke the uptrend line and dropped to the 38% retrace. I called the short from 1208 area and originally had TP 1 at 1191 but held it to 1185. It pulled back to the 23% retrace line which is around the 100/200 EMA and has held there. I just re opened a short again at 1195 and looking...

TropicalPhil Updated 

Gold has hit resistance at 1205 area.. this is also at the 38% retrace line... expect a short down to 1192 or so.. SL at 1215

TropicalPhil

This is at a downtrend line.. its right on it, broke thru but has pulled back.. keep an eye.. looks overbought... at a 50% retracement line.. SL 0.7150 TP 1 6900 TP 2 6850

TropicalPhil

Many reasons to sell a nice short scalp. At the 50% retrace... uptrend resistance line.. horizontal resistance line.. STOCH are overbought.. MACD indicates sell.. short this baby down

TropicalPhil

This pair just hit a big upward trend line and bounced nice.. looking for a lot of gains from here... MACD crossing nice and stock are oversold big time. Trade safe friends