Trade Ideas

EUR/GBP short to 0.90600

AUD/JPY bearish signals target 74.350

Ethereum Lagging Bitcoin to Target $490

October 21st

GBP/USD distribution to target 1.3000

October 21st

DAX bullish candle for short term upside to…

October 21st

GBP/AUD shaping up for a short-term drop

October 21st

AUD/NZD flag for possible upside to 1.073

AUD/NZD sitting at the lower Bollinger band on the daily chart clustering with 200 EMA. Price also break above 1 – hour time frame trend line, and 15-minute chart showing a flag for possible upside. Wait for a clean break of flat for AUD/NZD execution. Key Points: Daily – Price…
October 20th

AUD/JPY price support at 78.6% Fibonacci

AUD/JPY supporting price with multiple signals suggesting a short-term bounce. RSI divergence in the oversold territory clusters with 78.6% Fibonacci and a drop in volume gives us enough signals to enter AUD/JPY with any bullish candle reversal.   Key Points: 1 Hour – Outside lower Bollinger Band 1 Hour –…
October 19th

USD/CHF selling off into major support at 61.8% Fibonacci

USD/CHF strong impulse sell down onto major Fibonacci 61.8% coinciding with price smashing through lower Bollinger band, RSI oversold territory and drop in volume. USD/CHF – This signal cluster shouldn’t be ignored following a bullish candle reversal for a short term bullish advance.  Key Points: Price holding below the 200…
October 19th

NZD/JPY consolidation into 70.00 resistance

NZD/JPY advancing into the 70.00 resistance level for a possible distribution zone. Must wait for a solid bearish candle reversal signal for optimal entry, or a solid candle close below the yellow trend line for NZD/JPY supporting entry.   Key Points: Price hugging above the 200 EMA Price holding above…
October 19th

Bitcoin bearish daily flag at 61.8% Fibonacci

Bitcoin sliced through a weekly trend line in September and is now consolidating into a daily flag pattern. Bitcoin has now found resistance at the 61.8% Fibonacci from August high to September low range. It is extremely important to look for bearish candle stick patterns for confirmation and once entered,…
October 16th

DAX bearish flag targeting 12535

DAX bearish flag looking to continue the down trend for at least the short term. SPX also starting to roll as global indices start to sell off contribution to the DAX bearish possibility.    Key Points: Daily – Below 50 EMA Daily – Targeting Trend line or 200 EMA Below…
October 16th

EUR/GBP daily consolidation for next impulse to 0.91500

Daily consolidation onto 61.8% Fibonacci is signaling a possible base for EUR/GBP to commence its secondary bullish impulse. EUR/GBP failure to hold the 50 EMA on the 1-hour time frame may force a bearish push down to key round number 0.9000. At this level it is crucial to look for…
October 15th

GBP/CAD Looking to Bounce Off 78.6%

Quite a few signals lining up. Today I have introduced Bollinger bands to the equation due to multiple signals suggesting the reversal for GBP/CAD Daily Bollinger, 1-hour Bollinger, 78.6% Fibonacci and double bottom all coincide for a possible bounce. Would like to see a strong bullish engulfing, hammer, piercing, two…
October 14th

Bullish Flag Pattern for ABP.ASX Targeting $3.50

Price pierced through resistance ($2.87) with volume and cleared the range where it’s now coiling above under the 200 EMA. ABP.ASX has not touched the 200 EMA since the pre Covid drop. ABP.ASX – Abacus Property Group is a diversified property group specializing in Australia’s core commercial sector including office,…
October 13th

US Oil bear flag targeting $37.00

Oil coiling into bearish flat below 200 and 50 EMA for potential downside continuation. Oil – The pattern confirmation requires a solid candle close below the flag for entry with a stop loss trigger above the flag. A secondary option (optimal entry) provides greater reward to risk ratio at the…
October 13th

GBP/JPY bearish formation to 137.000

GBP/JPY bearish formation during Asian session signaling possible test of trend line. GBP high impact news in within the next 2 hours on Claimant Count Charge and ILO unemployment (3 month) which is a leading indicator for the UK economy. Consensus is showing slight increase which would support the GBP/JPY drop.…
October 13th

EUR/CAD Bullish Divergence at 78.6% Fibonacci

Multiple signals suggesting possible short-term upside for EUR/CAD but with moving average caution. Due to the moving averages fanning out, we would like to see price reclaim the 21 EMA for confidence to hit at least target 1. EUR/CAD RSI divergence and Fibonacci cluster is suggesting we may see this…
October 11th