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-   -   Nearly Naked (Simple Trades) (https://www.forexfactory.com/showthread.php?t=230625)

vincentprice Dec 2, 2019 4:57am | Post# 11781

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{quote} NZD/USD broke out of current range, target for this trade is next resistance at 0.6485 and the 50% fib retrace of the most recent down leg. {image} {image}
Looking to fade the NZD/USD at the 50% retrace of the recent down move. I expect a reaction at this level.

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NZD/JPY levels to fade at 71.48 and 72.29.

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vincentprice Dec 2, 2019 5:32am | Post# 11782

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USD index is hitting resistance again at 98.3, further strength ahead? I suspect this to be more likely in the current climate.

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vincentprice Dec 2, 2019 8:38am | Post# 11783

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{quote} NZD/USD broke out of current range, target for this trade is next resistance at 0.6485 and the 50% fib retrace of the most recent down leg. {image} {image}
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This trade is about to fill with +48 pips profit

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vincentprice Dec 2, 2019 10:22am | Post# 11784

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{quote} Looking to fade the NZD/USD at the 50% retrace of the recent down move. I expect a reaction at this level. {image} NZD/JPY levels to fade at 71.48 and 72.29. {image}
NZD/USD has hit it's head hard on the 50% Fib retrace. I have decided not to take a position short from here, but rather gauge how price behaves at this level and reassess.

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ademzade Dec 2, 2019 10:44am | Post# 11785

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EURGBP long weekly chart swing trade
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vincentprice Dec 3, 2019 3:41am | Post# 11786

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EUR/AUD hitting strong resistance at the 50% Fib retrace of most recent down move. {image}
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EUR/AUD breakdown from consolidation that formed above the 50%Fib. If noise allows price to pullback to this level I intend to sell with a good risk/reward.

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vincentprice Dec 3, 2019 4:02am | Post# 11787

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{quote} {image} USD/JPY has reached this level. {image} Currently the SP500 is very bullish having broke north from a significant consolidation on the 25th of Oct. Analysis on this thread; https://www.forexfactory.com/showthr...=959678&page=6 US date releases this week on the whole are predicted to support the SP500. In this scenario I would think the JPY will continue to weaken against most risk on currencies and the USD. I am looking to trade long targeting the gap 110.8 and the gap fill at 111.0

I have an entry point to this trade on the current pullback 108.84, targeting the gap fill.

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vincentprice Dec 3, 2019 1:04pm | Post# 11788

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{quote} {image} EUR/AUD breakdown from consolidation that formed above the 50%Fib. If noise allows price to pullback to this level I intend to sell with a good risk/reward. {image}
In light of Trumpy's trade deal tweets today the only trade setup I entered was the break of support and pullback on the EUR/AUD.

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ademzade Dec 3, 2019 2:42pm | Post# 11789

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GBPUSD short with tomorrow GBP PMI... Daily chart.. be careful..
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ademzade Dec 3, 2019 2:50pm | Post# 11790

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USDCHF long Daily chart.. enjoy..
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prashfx Dec 3, 2019 9:26pm | Post# 11791

{quote} In light of Trumpy's trade deal tweets today the only trade setup I entered was the break of support and pullback on the EUR/AUD. {image} {image}
1.6140 providing support to EA for daily close -- was earlier daily close support too until breached on 5 nov. will see if i can enter long EA on dailies esp after bad gdp today.

vincentprice Dec 4, 2019 3:13am | Post# 11792

{quote} 1.6140 providing support to EA for daily close -- was earlier daily close support too until breached on 5 nov. will see if i can enter long EA on dailies esp after bad gdp today.
1.6140 and 1.5115 are significant support levels to the downside in the near term. Price reacted just above the 1.6140 area yesterday allowing me to short 1.6210 on a retest. The GDP data coming in slightly below estimates was then enough to push price back into the consolidation above 1.6210.

vincentprice Dec 4, 2019 3:18am | Post# 11793

{quote} In light of Trumpy's trade deal tweets today the only trade setup I entered was the break of support and pullback on the EUR/AUD. {image} {image}
Australian GDP q/q data came in a shade lower than estimated and caused a reverse in direction for this pair. The trade was stopped out for a -20 pip loss.

prashfx Dec 4, 2019 3:30am | Post# 11794

{quote} 1.6140 and 1.5115 are significant support levels to the downside in the near term. Price reacted just above the 1.6140 area yesterday allowing me to short 1.6210 on a retest. The GDP data coming in slightly below estimates was then enough to push price back into the consolidation above 1.6210.
As far as EA prices remain north of 1.6140 daily close basis looks like we can have some good upside? fundamentally too EU numbers coming better than AU including GDP etc.

vincentprice Dec 4, 2019 5:08am | Post# 11795

{quote} As far as EA prices remain north of 1.6140 daily close basis looks like we can have some good upside? fundamentally too EU numbers coming better than AU including GDP etc.
This pair is now sitting back at my previous trades entry level short at 1.62, however I have no intention of re-entering here.

If fundamental drivers support a technical move away from the current consolidation of this pair I agree there would then be good grounds to take a position, that may be long or short.

I sold into this pair on two occasions recently and was stopped out on both trades, so it will probably sell off now!

vincentprice Dec 4, 2019 5:37am | Post# 11796

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{quote} {image} AUD/NZD has continued to sell off with 1.045 in range. {image}
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It is now looking increasingly likely a short term bounce will happen from 1.0455 allowing a 30 - 50 pip scalp.

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vincentprice Dec 6, 2019 10:49am | Post# 11797

2 Attachment(s)
{quote} Looking to fade the NZD/USD at the 50% retrace of the recent down move. I expect a reaction at this level. {image} NZD/JPY levels to fade at 71.48 and 72.29.

NZD/USD has hit it's head hard on the 50% Fib retrace. I have decided not to take a position short from here, but rather gauge how price behaves at this level and reassess.

{image}
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Fade of NZD/USD from 61.8% Fib retrace and resistance.

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vincentprice Dec 6, 2019 10:54am | Post# 11798

1 Attachment(s)
{quote} Looking to fade the NZD/USD at the 50% retrace of the recent down move. I expect a reaction at this level. {image} NZD/JPY levels to fade at 71.48 and 72.29. {image}
NZD/JPy entry short at resistance

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vincentprice Dec 6, 2019 10:58am | Post# 11799

{quote} {image} It is now looking increasingly likely a short term bounce will happen from 1.0455 allowing a 30 - 50 pip scalp. {image}
This counter trend scalp trade did not work, in hindsight the downward trend was strong with little in the way of pullbacks. There was little evidence to suggest this level would yield a reaction.

prashfx Dec 7, 2019 8:38pm | Post# 11800

{quote} {image} Fade of NZD/USD from 61.8% Fib retrace and resistance. {image}
I am thinking the 6570 - 6600 +/- area can push kiwi back to 6430-40 levels trigger being FOMC/EU IR rate decision (in absence of any major kiwi data) and mid dec we have kiwi gdp etc which can decide how it moves from there. around 6600 area was significant hurdle when it was moving down too. ofcourse lots of +ve news on kiwi (fiscal stimulus / good cpi / rates on hold/ etc) but question is how much of that is already priced in. also on a longer term basis on weeklies ... kiwi is still on a downtrend.


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