Trade Ideas

GBP/JPY short term distribution zone 138.400

Gold breaking out of wedge on daily Target 2000

WSA.ASX Closes Above Trendline Target $2.50

WEB.ASX Webjet breaking out of $4.00

NAS100 Nasdaq Index Strength to 12100

USD/JPY Crossed Daily Trend Target 106.800

GBP/AUD Strength to 1.81500

GBP/AUD price holding 50 EMA on 1-hour time frame and shaping up for a nice reward to risk ratio trade. GBP/AUD currently retrace and holding the Fibonacci 61.8% level. Confirmation of bullish candle reversal for entry. Key Points: 1 Hour – Above 50 EMA 1 Hour – Above 200 EMA…

Bitcoin Forming 5 Wave Wedge for Bearish Continuation

Wedge patterns are generally a sign of trend continuation when broken to the downside during a downtrend. Bitcoin is currently forming the E wave completion. Bitcoin on the daily chart is consolidating below a trend break also providing further falls through target 1 in this trade idea. Key Points:…

AUD/CAD Bearish Momentum to 0.92000

AUD/CAD forming a 3-wave zigzag pattern which is generally labelled ABC with 5-3-5 sub waves. See picture below for an example. The flag has now been broken and can enter short if it retests or once 50 EMA crosses below 200 EMA. AUD/CAD should then find the last of the…

NZD/USD Long to 61.8% Fibonacci

NZD/USD forming within the trend channel for further upside into 0.66880 and as high as 0.67350. A breakout of the yellow trend line is desirable for entry confirming bullish momentum for NZD/USD, but don’t be afraid to add a position at the 50 EMA retest. Investors await for news…

EUR/JPY Bullish Bounce off 61.8%

EUR/JPY sold down into the 61.8% Fibonacci and buyers came in to support price at 123.160 zone which was prior resistance. EUR/JPY – Retest of 200 EMA to provide entry for long side with confirmation of bullish candle signal. Key Points: Daily – Price above 200 EMA Daily…

ORE.ASX weakness may continue through $2.20

Orocobre Limited (ORE.ASX) – Lithium producers have been some of Australia’s favourite stocks for several years supporting the worlds change turning to renewable energy in the battery space lead by Elon Musk and Tesla. Last weeks Tesla Battery Day was hyped up to be an extremely positive presentation that…

Bullish Momentum for Z1P.ASX Targeting $7.50

Z1P.ASX has been well supported at $6.30 for the past week, even during that short term sell off after Presidential debate, buyers came back through holding price within this range. Many signals on the daily and 1 hour are now suggesting further support to the upside, and a recovering Nasdaq’s…

BTC/USD Breaking Out of Wedge – 11200

BTC/USD breaking out of the wedge pattern also coinciding with 50 and 200 EMA reclaim. When multiple signals support the thesis, our job is to be sure that execution and risk is defined. Wedge patterns are generally a sign of trend continuation when broken, and when found within bullish momentum…

GBP/USD On Course to Hit 1.3000

The previous post on GBP/USD signaled a buy at 1.27450. We now find ourselves within a 15-minute bull flag for further upside to hit the key level 1.3000. 4 – hour chart is also showing momentum to support the 15-minute trade. GBP/USD has risen 2% since the September low. Key…

USD/CHF Pulling Back to Advance 0.92960

USD/CHF – US GDP data due tonight following an interesting presidential debate earlier which commenced a 2% drop in the Nasdaq and E-mini S&P. As money moves out of equities due to increase in risk, the money tends to park itself in safer assets giving the DXY (Us Dollar) strength.…

NZD/USD Drop to 0.65000

Equity markets under pressure as presidential debate has the world scratching their heads on what unfolded. We can expect money flowing back into the DXY for safety which will weaken all denominated pairs like NZD/USD. The daily chart is now consolidating below the multi-month trend line break where we can…

GBP/CAD Falling Through Trend Line targeting 1.7000

Breaking trend line now confirms we could see further drops to the 200 EMA. GBP/CAD may retest the trend line for optimal entry to short. Daily chart hovering between the 50 and 200 EMA. 1.71685 is a crucial zone that will indicate where GBP/CAD will likely trend towards. Key…