All about the Forex Market, Trade Ideas and charts
AUDNZD is reaching the top of this channel I’ve drawn up. There was a lot of buying triggered on this pair on the weak numbers on the employment from the NZD side, although the unemployment numbers have improved. I have already shorted this pair at 1.10249 with a small position and am going to add to this position if it reaches for...
Just loaded up a new trade idea. I haven’t been posting much because really not seeing much follow through on anything almost in the market. The only good trades I’ve done in the past few days were with the kiwi (NZD dollar) on the short side. Other than that its just been a crazy month with a lot of choppy...
NZDCAD buying on a dip by LearningFX on TradingView.com Could be a buying opportunity on the NZDCAD here on a dip. I am not long yet, may get in after looking at the price action but as always should have a plan laid out before trading. The NZD is still expecting more rate hikes, I believe there’s more to come...
GBPNZD looking for it to retrace upside by LearningFX on TradingView.com After the rate decision from RBNZ last night and then Wheeler being quite hawkish and talking about more interest rate hikes, though he did mention that the price of the currency exchange is too high but as we’ve seen there has been relentless buying in all NZD pairs. Although...
Shorting Cadjpy at resistance.. by LearningFX on TradingView.com As you can see above, the trade idea went pretty well. It took a while for this trade to work around to our target area but it got there pretty smoothly. Took profit near support area where it rebounded pretty hard. Stops were moved to break-even which hit later, this trade resulted in...
GBPNZD facing rejection at resistance.. by LearningFX on TradingView.com Well today was a fun day! Don’t you just love it when you make a quick profit? Got in on the GBPNZD trade on two prices 1.97179 and 1.97416, short, as expected the market failed up there and gave us a handsome profit 🙂 The weaker short price I had 1.97179 I was...
GBPNZD, the buyers seem to be getting exhausted here, you can see the wicks and rejection near the recent highs. You could wait for better Risk Reward, I know I will. It seems to face rejection at this level and looks like a great short at this point, you can short right now too but the risk is high...
This looks interesting, pretty self explanatory 🙂 Have a great weekend. Update (28th May 2014) Change in TP1 93.450 as per tweet on twitter. Do read the Disclaimer before taking any trades based on our ideas.
Unfortunately, we had a loss on this trade. The retail sales data came out much better than expected which steered the trade away from our direction and ended up hitting our Stop loss. Even the best setups can go wrong at times.. not to get discouraged though, we’ll be keeping an eye out for new and better setups. 🙂
I’m eyeing a really nice setup here today, looking at the GBPCHF Daily Chart, we can see that it’s in an ascending channel and it’s right up at resistance. A pretty nice pin candle formed up which is a nice signal for me to get in. The Stops and TP’s are well defined but this is a trade idea and...
