Awaiting entry on our new setup on EURCHF. The trade layout is as followed; Entry level has been positioned at 1.05853 a significant resistance zone close knitted with our 61.8% extension level, both zones combined give us a solid entry point for EURCHF to continue it's trend down to our trend based fib level of 0.5% alongside our retracement range of 0.61%,...
USDCHF We have a potential long position setup on USDCHF, if we start seeing bullish candles forming and closing on the hourly after retesting our 0.96677 level we will go long off the 61.*% daily fib zone. We will look to liquidate our position in full at 0.97972 which will take us up 129 pip (1.34%).
EURGBP We expect EURGBP to bounce lower on rejection of 0.88654 region on the hourly time framed chart. We've created a strong declining trend starting from early February, trend technical's have matched with our extended yearly fib levels. If we manage to make a short entry on EURGBP we are looking to take out full position by level 0.87445 which would take us...
AUDNZD Our latest chart for the free channel, this is a potential long position on AUDNZD, but before we make any entries wait for price to fall back down to 1.02111, if we do see price meet our consolidation level for the week and fail to break below we will take positions long. The exit will take place at 1.03003 +71 pips.
USDCAD We expect USDCAD to bounce lower on rejection of 1.42278 region on market open. Technical trends have matched with our extended yearly fib levels. If we manage to make a short entry on USDCAD we are looking to take out full position by level 1.40867 which would take us +139 pips for the trade.
The chart below is showing that the gold price will attempt to make a bounce off our entry level of 1608.523 on the chart. This level is then backed by a further confirmation for continuation upwards as we found a 50% retracement zone 5 pips below. A confirmation bounce off of these two levels will tell us lots about the macro environment and how badly investors...
EURAUD We have a short position awaiting entry at level 1.80800, this will only trigger if we meet the following condition; We have price reach 1.80800 before Friday close and begin pushing back down, if price does not meet entry level by Friday setup will be cancelled as we expect a lot of volatile market data released next week. Our exit level will be based...
We are awaiting confirmation to enter AUDCAD once we have a retracement back down to 0.85376 a previous strong holding resistance zone in March. The second confirmation would be a bullidj push back up from the entry level confirming clear rejection. Once we've entered we will try to fill our exit at 0.88088 (3.18%).
We have a potential long position ready for entry if we meet the following conditions; 1. Price retraces back down to 112.411 and rejects back off the level without breaking any lower than 112.057. 2. We see bullish candles closing after rejection from 112.411 on the hourly chart If we manage to meet all conditions and have successfully made entry we will look...
Spreads may be higher on this minor pair, we are currently waiting for AUDNZD to meet our entry point of 1.01400, if condition is met and we have a bullish formation right after retest we will make our confirmed entry, we will not make any sort of entry until all confirmation are met not just a retest. We will look to make our exit at 1.03026 which would net us 165 pip.
We expect EURUSD to bounce lower on rejection of 1.08781 region on the hourly time framed chart. We've created a strong declining trend starting from early February, trend technical's have matched with our extended yearly fib levels. If we manage to make a short entry on EURUSD we are looking to take out full position by level 1.06354 which would take us +234 pips...
We will have a short opportunity arising from level 121.260 also our 61.8 retracement from month high to low. If we see clear rejection and settlement from 121.260 on the daily chart we will make our short entry. Once trades been confirmed and we are in a live trade we will try to make our exit at our 50% retracement level which would be a profit of 497 pips.
We will have a short opportunity arising from level 135.009 also our 61.8 retracement from month high to low. If we see clear rejection and settlement from 135.009 on the hourly chart we will make our short entry. Once trades been confirmed and we are in a live trade we will try to make our exit at our 61.8 extension level which would be a profit of 373 pips.
When price comes to test level 0.94085 on the hourly chart, if we see a clear rejection with a bearish candle settled (hourly) we will make our short entry on USDCHF. Once entry is made we will target 0.91825 as our exit point which would net us 224 pips if setup goes as planned.