thekwest

thekwest

Potential USD CHF opportunity with good R:R Reasons for Entry: - Price finding resistance at previous High - Bearish Candle formation - RSI Overbought / Divergence Target - 3:1 Risk Reward Stops - Above previous High If the first trade gets stopped out, wait and look for a long setup, targeting 0,99500.

thekwest

AUDUSD is finding support at the 200 EMA on the 4hr chart. Reasons for going long: - 200 EMA Support - Trendline Support We will need to wait for the current 4hr candle to close & ensure there is bullish price action. Stop - Below recent swing low: 0.7575 Profit Target (1:3) - Look for a 1:3 Risk: Reward: aim around 0.7675 For more insights go to: fxcoach.tv

thekwest

GBPCAD's bullish move is running out of steam. We can see a Head & Shoulders starting to form. It will take the following for the Head & Shoulder pattern to be confirmed: Price not going above previous high (25 May) Break of the Neckline Once price closes below the neckline, we would wait for price to retrace & retest the neckline & form bearish price...

thekwest

See the 4hr chart for explanation on entry. The daily chart give a clearer view of the trend & price hitting current trendline.

thekwest

After waiting patiently the EURUSD has retraced to the trendline and now formed a bullish engulfing bar, providing a good setup to enter long. If you want to wait for a better entry, enter on a 50% retracement of the most recent 4hr candle, but there is a good chance price doesn't retrace back. This trade will provide at least a 2:1 Reward:Risk, if things work...

thekwest

GBPAUD is nearing the 200EMA on the daily chart. It coincides with a number of other key technical indicators: - Previous Support - Trendline/Channel Resistance - RSI been in a heaving overbought region for a long time - 32,8 Fib Retracement from 24 Aug '15 high With this setup we still need to exercise patience to wait for a confirmed sell signal. I'd prefer...

thekwest

This is the same EURCAD long opportunity but from a 4hr chart. Potential entry zone at 50% retracement of current swing high/low. See daily chart for analysis. --- fxcoach.tv

thekwest

Potential EURCAD long setup: Opportunity: Price is finding support at the 800EMA, but might dip lower down to retest the previous support. Look for long opportunities on lower timeframes (4hr & 1hr). Entry: Look to enter long at a 50% retrace from most recent swing low to swing high (around 1,4280) OR wait for price to retest swing around 1.4080. This is the...

thekwest Updated 

GBPUSD has found resistance at previous support level. If we see a break below the ranges low, we could see an extended move down to the previous support around the 1.5 region. Stops, above recent highs (around 1.5250)

thekwest

We have a potential short opportunity on the 4hr GBPUSD chart. Reasons for entry: - Price hitting trendline - Price finding resistance at previous support - RSI Overbought - Bearish candlestick patterns Exit Strategy - Stop around 1.5511 - Target 1.5352 - 3R Trade Things to consider: The USD is showing quite a lot of weakness across the pairs, so there is...

thekwest

Potential Long opportunity on USDCHF 4Hr Chart Reasons for entry: - 200EMA resistance - RSO Oversold - General Uptrend - Price hitting previous resistance/now support Exit strategy - R:R of 1:5

thekwest

Short opportunity on CADCHF Reasons for entry - Price hitting multiple trendline/resistance levels - In line with the down trend - MACD divergence Exit strategy - Stop 0.7627 - Target 0.7527 - Reward:Risk 3:1 Let me know what you think?

thekwest

Short on GBPCAD Reasons for entry - RSI Overbought - Hitting Trendline - Pin Bar - Good R:R Exit Strategy - 3:1 Reward: Risk, not risking more than 2% of your account. Let me know what your thoughts are.

thekwest

Long opportunity on AUDCHF Reasons for entry - Price finding resistance on trendline - Bullish candle - Mini-uptrend (as the dominant trend is still down, move stop to breakeven quickly) - Good R:R ratio Exit Strategy - Stop 0.7175 - Profit 0.7255 - 3:1 Reward: Risk Let me know what you think.

thekwest

Potential Long Setup on USDJPY Reasons for entry - Pair has been in a long uptrend - Price Hitting previous support - Finding resistance near 200EMA - Pin Bar on 1hr timeframe Exit Strategy - Never risk more than 2% - Stop below recent swing low 123.80 - Target 125.00 - Reward: Risk 3:1 Let me know what you think?

thekwest

Short opportunity on USDCHF with good Risk/Reward Reasons for entry - Overall downtrend - Price has retraced to the 200/800EMA - Price has hit trendline - Bearish candlestick formation Exit Strategy - Stop 0.9465 - Profit 0.9306 - 3:1 Reward:Risk There is a chance that this trade stops out and retraces higher, in which case we'll wait for the next short entry...

thekwest

Chance to go long on USDCAD for the following reasons: - Price hitting 800EMA - RSI in Overbought zone with Divergence - Overall updtrend - Double bottom Reward:Risk : 3:1 (with risking a max of 2% of account size)

thekwest

SGD has been trending for a long time, and this has been the first major retrace, so a great opportunity to go long. We might get stopped out of this first trade, but then will take the next trade long as well, as it has a high chance of the trend continuing or at least testing previous highs. Never risk more than 2% of your account on any trade.