EURUSD heading to 1,1500!Yesterday we shared the idea of new selling opportunities on EURUSD
Today we're looking at the first couple of expected levels and both options that we currently have.
In order for this move to continue lower we have to see a breakout of the previous low a t1,1586.
This will accelerate the downside move.
Once we see price below 1,1563, then we could also look to add to our short positions.
However, before we see such a breakout there is a chance for another upside move to 1,1680.
This will be an even better sell level.
If you don't have an active trade, then it's better to wait for a confirmation and then to enter.
The first target will be price reaching 1,1500. We will be following this situation in our daily analysis.
Pips
Copper Wyckoff distribution idea!Hello my beauties.
The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards.
For all the ones that have taken the trade already, good job!
Copper has just entered a phase of distribution and I want to profit from it while it's rangebound.
I will be long until the price reaches above the Buying Climax (BC).
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
GBPCHF long seeking to add to a good day☝️📈Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Trade history can be seen at the foot of this trade idea too for full transparency.
Busy morning catching up hence the late share be good to see how this pair plays out for the rest of the day.
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The stats for this pair are shown below too.
Thank you.
Darren
GBPAUD H4 - Long SetupGBPAUD H4
As mentioned in the technical rundown, this was yesterdays trade of the day, I managed to bank 1.5R on this after pushing circa 2.2R profit. Couldn't optimise the close, but caught the biggest and fastest chunk which I was happy with.
GBP inflation data out this morning showing positive signs and outperforming analyst expectations. GBP positive, but we haven't really seen much of a move off this. AUD again weakness continuations due to everything ongoing with CV19.
Looking for a break above resistance and our 1.89 handle, subsequent retest and long opportunity in line with the previous support/resistance break and retest we saw on the 13th September.
GBPAUD H4 - Short SetupGBPAUD H4
Annotations and order details marked for the possible sell setup, another 10 pips upside required for the RR offering of 3R. Ideally would like to see some sort of confirmation rejection too, we have 3 confluences, but still looking extremely bullish.
Lets see if we start to exhaust around this price zone.
USDWTI H4 - Long SetupUSDWTI H4
Something we were following last week, took a couple of short positions on this pair for 1R and 1.3R before being stopped at entry/profit.
We have now started to see an upside breakout of both S/R and trend sequence. A bit more of a convincing breakout and subsequent retest could offer us long entries.
USD/CAD finding strong support with positive outlooks...Trades were pricing in more volatility for the BoC via a loftier implied 68 pip break-even, but in the event Usd/Cad only moved in the region of 40 pips, initially, as the Bank largely stuck to the script and rolled out a very similar accompanying statement to the previous one from July - bullets and a link to the full text available via the Headline Feed at 15.00BST, with a direct comparison has been posted at 15.03BST.
Nevertheless, the Loonie gleaned some traction from a rebound in crude prices rather than decent increases in Canada’s Ivey PMIs to contain losses below 1.2750 even when its US rival was posting new early September peaks.
While others fall asunder along with equities, the Greenback has clawed back all and more of its declines to set a fresh m-t-d best in DXY terms, at 92.864, and multi-week highs against index components by definition on safe haven grounds.
EUR/JPY with upside pressure to 131...A marked change in fortunes for the Yen following its fleeting breach of 100 DMA resistance vs the Dollar yesterday, as EUR/JPY rebounds sharply through 130.35 and the 50 DMA alongside US Treasury yields amidst further bear-steepening and renewed risk appetite. The Yen may also be factoring in reports that Japanese PM Suga is preparing an economic package and supplementary budget, plus pretty dovish/downbeat from BoJ’s Wakatabe.
AUDJPY D1 - Short SetupAUDJPY D1
A nice daily swing setup marked here, really waiting for the D1 close to see a bearish rejection. Yesterdays close must be taken with a pinch of salt, due to market volume (bank holiday).
A nice bearish trend here with clear S/R trading zones, fresh lower lows and lower highs and nice fib corrections.
Daily timeframe, therefore daily confirmation required.
Big moves on GOLD today! Today we expect to see big fluctuations in price on GOLD during and after the Powell press conference.
That will happen in less than 2 hours!
After the event we would expect a more clear direction for a little longer period of time.
If you've been following our analysis, you know what we expect in the long-term.
Today we will be watching closely what happens during and after that press conference.
Do not rush to enter any trades in the first few minutes as this could be a false direction.
Wait for a confirmation signal!
One of the main scenarios is price climbing up to 1825-30
and then rejection of that zone and possibly going below 1770!
In order to make an entry though, we want to see some confirmation before that.
Short term pump on GOLD Right now price is pretty much moving nowhere without making any certain moves.
That's why we're currently looking for short term opportunities.
In conditions like this it's better to stay away or to risk less, because direction could change real quick.
So here on GOLD, we're expecting to see reaction of of the support and price heading to 1826.
This will be a decent opportunity right now.
This setup won't be valid if we see a breakout of the 1775 level.
If you wait for a strong bullish candle, you will have even more confirmation.
Entry on EURUSD11th of August
We could say that the 1,1640 level now looks totally possible.
After the impulse yesterday, we now expect a pullback and another drop.
This will be the moment to enter short for those of you who missed the opportunity yesterday.
Stops must be above the impulse move and above 1,1785.
The first target is 1,1640, but we might be looking at a lower levels as well.
Watch out for our daily analysis to find out what happens next!
USDWTI H4 - Long SetupUSDWTI H4
$66.50 seems to be holding as support during recent trade, the wicks and support during the 19th July and 09th August didn't perform too well.
But as long as there aren't headlines pushing this pair on, we should see a slower paced market with less chance of these big wicks and support break threats. Lets see what happens next time we approach either $66.50 support or $70.00 resistance.