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USD/JPY long setup

On a daily chart we can see that price is trading around Kijun Sen which is definitely an area of support for this pair.
On H4 chart it is also obvious that we have a strong uptrend. Price went through the 120 level, reached almost 122 and then came back to 118. I personally think that from here we have a good chance to go long. Perhaps price will drop on market open or soon afterwards, perhaps it will take out lows below the recent swing low. Also it is possible that pair will go straight back…
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GBP/NZD short opportunity

Recently I made a post predicting for a pair to go higher after bouncing at 2.00 level. however it didn't play out as I thought it would. Price went up and then came back down again. Affected by NZD interest rate decision. This price action over last 2 weeks looks pretty much corrective. Price could still go up, but I am concentrating on a better setup.
We also have an impulsive move, break of a trendline and pullback.
Price bounced back from this new resistance level marked with rectangle how…
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USD/JPY long setup

We saw a sharp break through supporting trendline followed by a sharp price return back above it. This is looking too good! Potentially I would target recent high at 1.22, next target would be major high at around 1.24 and finally 1.2500. SL below the low of the H4 bar or look for a better entry by scaling to a lower time frame.
There is no reason ( fundamental ) that would justify this sudden drop, it doesn't look like a beginning of a reversal, more like a short term correction. Price acti…
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GBP/NZD possible trade setup

Although it may look like a correction, I still believe that there is more potential for an upside move than there is for a downside move. Reason being the very bearish outlook of a NZD/USD. USD is currently outperforming all the major currencies including GBP. In times when both GBP and NZD are in a downtrend, GBP/NZD tends to experience an uptrend unless there is a sudden strong depreciation of a GBP or appreciation of a NZD.
I am lookin for 3 possibilities to go long.
1. At 2.00 level
2. Off…
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GBP/USD long term

Notice the ''W'' shaped bottom that reversed the price previously, the striped line is the level from where we could have expected a bounce or liquidation of some shorts. Not much volatility at this level and therefore no support.
If we look at the candlesticks they tell you the same story. The week after reaching this level we see an inside bar - indecision. And last week we get an engulfing candlestick with a new lower low and lower close indicating that most likely the price will continue t…
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GBP/USD short setup

Pair is undoubtedly trading downwards for the last few months, currently stuck in a range between 1.58 and 1.56. It has also formed a symmetric triangle which in these market conditions in my opinion is more likely to be a continuation pattern. We saw a break out of this triangle, however it was insufficient to attract interest of buyers.
We also had an interest rate announcement today which remained flat at 0.50 % respectively not giving any encouragement to go long.
As an entry I chose engul…
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Buy NZD

Currently there is a great setup forming to buy NZD/USD, NZD/CAD, or sell GBP/NZD. The same thing happening on all three pairs.
Here is the daily chart. We can see that this level where the green arrow is pointing is a very popular for placing stops when going long. However price didn't gain enough of momentum and therefore it's pushed down to take out stops. This should provide with some extra momentum to go up.
Here is the H4 chart which I will use for entry

NZD/CAD looks even more tempting, b…
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GBP/CHF update

This is the move that I like to see! Who doesn't?
It was caused by news release, but direction was established yesterday. I have currently 60 pip profit, SL is moved to lock in 30 pips. Price has stalled near previous highs, also at a round number 1.5300 .In my opinion this is just a consolidation before it proceeds higher, as there is plenty of space. There are also news coming out later today which will affect $ and therefore this pair too. That is the reason why I have my SL moved to thi…
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My EUR/CAD trade

This setup formed simultaneously on few CAD crosses. I was hoping to see it on USD/CAD, but it did not. It was pretty close though. I chose this pair as it offers higher risk to reward ratio at current market conditions.
The idea is very simple. Rule #1 is to trade with higher time frame trend. I wait for price to form lower low and then suddenly reverse and go pass previous high or even few of them ( to have a sell setup ).This is what is being done by institutions to get the money of traders!…
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GBP/USD

Another nice setup folding out for the next week. GBP/USD is currently definitely in an uptrend. Has kind of run out of steam, therefore a new trigger is necessary. It looks to me that price will be pushed down. Can not predict precisely how far, but some levels are very obvious.
First is the green line which is the recent swing low. Breaking below this low should mean that a downtrend has begun. But it is for another reason, just to get more momentum. Same goes for another possib…
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