EURNZD H4 - Short SetupEURNZD H4
We have almost realised the full move from support to resistance here, relatively bullish for the whole stint. Pretty much all swallowed up during the eastern session.
Certainly a region we could anticipate a relief rally and another S/R wave back down from 1.68 to 1.66800.
Pips
GBP/JPY has reached our upside target of 154.00!Prior Chart:
The Pound unwinds some of its all round appreciation, though keeps its head above water amidst robust UK consumption surveys and confirmation from PM Johnson that the 3rd phase of lifting lockdown restrictions will go ahead next Monday.
Elsewhere, the GBP/JPY has reached our upside target of 154.00 with pinpoint accuracy. Another 200 pips bagged. Yen hovering lower against the backdrop of waning oil prices pre-OPEC MOMR and API weekly inventories.
GBP/USD 1.4100 Complete! Before:
Sterling is sharply outperforming in similar vain to this time last Monday when most in the UK where absent due to the early May Day Bank holiday, and several factors are aligning to propel the Pound beyond key or psychological levels against its major counterparts.
Indeed, Cable has breached the 1.4000 mark that has been impervious since late February and now looks primed for a run at the next round number with the aid of ongoing Buck weakness in wake of last Friday’s US labour data disappointment, but also after Scottish election results over the weekend revealing a win for the SNP, but a single vote short of the absolute majority needed to call another independence referendum.
Meanwhile, UK Health Minister Dories has alluded to the possibility that very good data regarding vaccinations and COVID-19 developments could prompt PM Johnson to bring forward the next stage of reopening from lockdown.
a cup of tea miss money penny?saw @secondtonumb8 idea, digged in and found a smaller cup and handle.
courrently running in a channel built from 2015(res) 2018(sup)
the sucker is going up, will wait for break on res line of the cup, sl on the 50%of the channel(grey), might be thight, could be a good idea letting it breathe at entry somewhere in the yellow supp area.
look at @secondtonumb8 idea for a longer term perspective
JUICY PROFITS!!!!! :)The currency pair looks like it is currently in a uptrend and could carry on for a couple weeks. As well, with the falling UK covid cases and high vaccination rate the economy is constantly looking to improve, along with new policies from the bank of England last week, Pound is looking very strong at the start of the week. On the other side, Japan are getting a sharp rise in covid cases, which isnt good for the JPY, as well as a constantly worsening currency over the past few months anyway, a long term long position on this currency pair is looking likely and good for those JUICY PROFITS.
The currency pair looks like it should continue along the uptrend for a few more weeks at least.
Just my idea, but for sure do your own due DD to discover if you would like to be part of the movement
EURNZD H4 - Long SetupEURNZD H4
We had a support long marked up here and the wicks to the left would have knocked us.
However, if we see another pullback to support, lower timeframe double bottom or something of the sort, we could possibly consider longs up to resistance, again, offering a solid 4R.
GOLD Upside Target Complete!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Prior chart:
After a nice break above the $1,780, we have came up and reach the first upside target of 400 pips at $1,820. I have also included the 200 MA to show the final touch position. More upside is expected on this one!
NFP out today so trade safe and stay tuned for more updates to come.
Hope everyone has had a good trading week! :)
EURJPY next upside target set! The EUR/JPY is still contained inside 131.00-.70 with option expiry interest from 131.50 (1.1 bn) perhaps keeping EUR/JPY underpinned on return of Japanese markets following Golden Week.
Meanwhile, the Euro may have derived some comfort or momentum from better than expected Eurozone data as retail sales and German industrial orders both beat expectations.
Next upside is 133.00 for EUR/JPY!
Gold H1 - Short SetupGOLD H1
Sitting just shy of 1800/oz, we could see this hourly range fill again, nice 5.4R setup from resistance to support.
Only really a trade for those with the larger account sizes,
1795 entries, stops just above 1800 and TP extension around 1765, this is something I've just jumped into with small risk.
RISE MY PIPS!This is an interesting one! the pair hit the resistance at 85.00 and then started its short wave but around the mid point of the trend coloum it seems to have retracted with a strong reversal pip on the 4H time line. The STOC shows the buyers starting to take over as a crossover has appeared as aswell as a strong buy signal on the 1 hour timeline. the moving averages have crossed over and are looking towards a long position. Im entering after i receive a strong indication of the reversal taking place. TP and SL could be set in a 3:1 ratio for those juicy pip profits. My TP is set at 85.00.
READY FOR THE JUICY PROFITS HERE!!!!!!
GBPUSD H4 - Short SetupGBPUSD H4
This is the basis my GBPUSD short was taken from, nice initial rejection during volume open for our EUR/LON session kickoff, 1.39 is holding as resistance nicely so far.
Really want to get this bulletproofed and see a nice 15-20 pip dip, currently flirting between 5-15 pips profit, but need to squeeze a little more out hopefully. Manually monitoring anyway.
EURUSD H4 - Short SetupEURUSD H4
Seeing a break of 1.20 support here on fiber, big support price zone to break. This gives me a little subtle confidence with regards to the GU short I've taken, hopefully we see cable follow similar suit.
Lots of good return setups here all pretty much in excess of 4R which is brilliant.
USDCAD OVERSOLD? LOOK FOR THE RETRACE.HELLO ALL,
USDCAD has been on a year long downward trend. Right now it is at a point that it has made a possible daily LL and is basically oversold on the Daily RSI. If price action indicates a retrace, a long for this pair should be an easy trade. Use daily fib to determine your possible tp and or more longs. Also look out for that retrace to possibly go to the 50 ema as it has done in the past.
I am not a financial advisor, I am simply giving my opinion on this pair based on technical analysis and information a read and listen too. You all have a great weekend and good luck to all!
XAUUSD (GOLD) Buy Setup Forming! Spot gold and silver benefit from the softer Buck but remain around recent ranges with the former around USD 1,780/oz and the latter around USD 26/oz at the time of writing.
$1,780 seems to be a tough barrier for Gold to break through however the support seems solid.
Further upside anticipated for this week on XAU/USD.
Next upside target is $1,8200
Bearish bias remains for the Dollar this week...The Dollar index looks quite comfortable at the moment above the 91.000 handle after Friday’s rebound to register a late peak for the week, but is off best levels between 91.190-390 parameters as several components claw back some losses and other majors derive a degree of traction via supportive fundamental and technical impulses.
However, trading conditions are relatively thin at the start of the new month due to market closures in various countries, such as Japan (Constitution Day), China (Labour Day) and the UK (early May Bank holiday) awaiting the final US Market manufacturing PMI, ISM and construction spending before speeches from Fed’s Williams and Chair Powell.
Bearish bias remains for the Dollar this week.
EUR retains a firm tone, but edges slightly off intraday peak...Hello everyone, if you like the idea, do not forget to support with a like and follow.
Prior Chart:
Euro has breached key chart resistance in the form of a descending trendline, but hit another obstacle at 1.2150 before waning amidst a barrage of mostly firmer than expected Eurozone data/surveys that should keep EUR/USD afloat along with 1.1 bn option expiry interest either side of 1.2100 (1.2095-1.2105 specifically).
GBPJPY H4 - Short Trade SetupGBPJPY H4
Currently sat around our 152 whole number price, resistance is around 20 pips higher at 152.200, a lower timeframe structure break and retest would be ideal, seen some big extensions amongst most ***YEN pairs...
Even USDJPY is pulling back upside towards resistance, bearing in mind we were dovish off the back of the PC yesterday evening.
50 Pips left to target on USD/CAD...Hello everyone, if you like the idea, do not forget to support with a like and follow.
Prior Chart:
Usd/Cad printing a marginal new 2021 low circa 1.2300 with extra for the Loonie from Canadian retail sales coming in above forecast in headline and especially ex-auto terms.
Further downside momentum coming!
US30 FORECAST 4.29.21Good evening. This is my markup for us30.
Fun fact: Currently learning candle stick patterns. tonight homework assignment is to identify 3 of the candle stick patterns we went over today. We are having, what we call a 3 pair challenge. Where we markup 3 pairs. adding in the candle stick patterns was a added bonus. Let me know how the charts looks and give me some feedback. Send 3 pair winning vibes only my way. Thank you !!
Markup was done on the 1hr to get support and resistance zones.
fib. was placed on the 15min and the 1hr. they both matched up beautifully.
When price breaks out and closes below my .236 and gives me selling vibes. I will do just that.
Can we get a 4th bullish day in a row on GBP/USD...Sterling is still straddling round numbers vs the Buck and Euro at 1.3900 and 0.8700 in the absence of anything Pound specific to trade off, bar less deflationary BRC UK shop prices, while the single currency remains rangebound against the Greenback between broad 1.2100-1.2050 parameters with key declining trendline resistance above the big figure coming in circa 1.2109 today and almost aligning DMA/21 - WMA supports providing a cushion during small amounts of selling (currently at 1.2055 and 1.2053).
The dollar remains on brief frim footing. The fiscal, inflationary and funding/issuance implications are all overshadowing what was a decent 7 year note auction and dovish-leaning expectations for the upcoming FOMC.
Hence, the DXY has reset after another dip below 91.000 to eclipse yesterday’s best within a 90.897-91.127 range.
GBPNZD....(H4) trade idea.gbpnzd will be in 2 scinarioes . it is in compeletion of its uptrend dt bouncing off daily uptrend with formation of double bottom and if it fails to go up and the last bottom will be broken it will go up to the next support level at 1.9000. so wait and see and take your decision after confirmation