I am officially a bear on EURUSD as per price action at the close of last week, question is, where do I make my entry? As usual, without straining my little grey matter, I will simply listen to my technical analysis. The EUR is bearish and the USD is bullish, hence I AM A BEAR ON EURUSD. I have risked a few pips on the scalp setup just to get the part started....
I am selling GBPJPY at market open and placing a sell order at recent resistance. Why? well because my technicals have said so. Even though JPY bulls have not yet taken charge, I also see that GBP bulls are pretty reluctant, so I AM A BEAR OR GBPJPY based on my technical analysis. May the pips be with you if you gonna mirror this setup. Cheers!
CADCHF just dropped on my radar and as usual, am buying it with very minimal risk as this is a pair whose behavior I have not back-tested. If you are jumping on this, may the pips be with you :D Cheers!
I have been buried in lots of things, backtesting systems, building my portfolio on myfxbook for future reference when I return, etc. Am still not yet back to social trading but am bouncing back in 2019 after my side business is up and running. This setup is simply based on supply and demand zones and so, nothing much say about it :) Good Luck
I am buying AUDCAD right now shooting for 82pips or potentially 212pips. Even though AC still looks bearish in a comfortable downtrend channel, I prefer to look into its future :). CAD seems to have come to the end of its bull-run and AUD still looks bullish. So technically speaking, I am officially a bull on AC. If anyone is going to mirror this trade, bear in...
Technical analysis on both H1 and H4 indicate a move to the upside. I am therefore buying AU. Putting 58pips on the line (just a fraction of yesterday's profits) to bag 77pips or potentially more than 100pips. Let the party begin.
CADJPY is showing bearish signs even though it has not yet confirmed bearish momentum. There is still some room to the upside but i bet its limited seeing as RSI has already give the 80 level a kiss of death. I am placing my entries at 86.252 and allocating some generous wiggle room to my SL. CXY is nearing a significant resistance level hence a potential turning...
Without thinking hard, I will risk 39 pips to bag 45 or possibly 69. My technicals have said "JUMP" and I have obeyed! Cheers!
The pound index is clearly bullish, Canadian index is in some unclear range and after a decent downtrend, GBPCAD has broken about my 200EMA quite convincingly, so ceteris paribus, I am a bull on GBPCAD for the next 10 days.
Besides the fib levels, AUD index is strongly bullish going into the weekend and DXY has closed the week with bearish momentum. So, there you have it, it's buy limit order :D
EURAUD has now confirmed bearish momentum. EXY is fairly bearish as AXY starts it's bullish momentum. EURAUD RSI is now below 50 and of course I am also feeling pompus this week :D Goodluck if you are mirroring this trade. Cheers!
I cruised up with GBPAUD and collected over 200pips and now things seem to be lining up for a drop. AXY is showing bullish signs, BXY looks confused and GBPAUDA RSI is now below 50. So, without beating myself up with fundamentals, I am shorting it until end of next week. I AM OFFICIALLY A BEAR ON GA.
GBPCAD has given me bullish confirmation on H4, BXY -0.09% is yet to break above previous high but RIS is seating above 50, CXY is bearish and RIS is below 50. With GBPCAD price action currently above all my trusted MAs, I am now a bull on GBPCAD, and even if it spikes and stops me out in the short-term, I am still a bull on this pair for the most part of this month :)
EURAUD has enjoyed a healthy uptrend for 10 straight days and now seats at nice demand zone - a previous daily resistance and also RSI is in the 80 level zone. AXY is currently oversold while EXY RSI is already below 50 and price is seating the 200EMA, which is a solid resistance level. I am assuming this is a psychological level which big players are watching and...
GC is currently bullish while DXY is bearish, so if sentiments remain intact, then Gold will rally but in the short term, my technicals are flashing red as clearly seen on the chart. I am therefore placing my pending order at the 200EMA which is seating at a previous support zone currently acting as resistance. I see price shooting to the 200EMA and then retracing...
UC appears to be gaining bullish momentum after a 500 point run during today's Asian Session. DXY is bullish, CXY is also bullish but it looks to me that it has limited upside compared to DXY. USDCAD broke my mini-trend channel and is now seating above the 786 fib level. So I will split my entry in two, one at market price and another as a pending order at the 786...
Am back from my vaccation and this is what the market has thrown at me today - A pretty Max Butterfly :) Good Luck
Which one will it be? we are currently in a bear market on EURGBP but we are presented with two harmonic patterns! which one will it be? Long or short or both? .... its an H1 chart so it wont be long before we find out this coming week. Cheers!