Which pairs are you selling and why? | Page 4 | Forex Factory

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Which pairs are you selling and why?

  • #61
  • Apr 16, 2018 9:57am Apr 16, 2018 9:57am
The AUDUSD market has been in consolidation within a descending channel for quite a while. Presently price action on the daily time frame is around the channel resistance where a pin bar formed last week Thursday. It is also in confluence with the daily pivot (0.77715). I expect bears to take price action southward and target the channel support.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_D1_Tech_Update_16th_Apr.,_2018_001.png Size: 52 KB
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  • #62
  • Apr 16, 2018 10:05am Apr 16, 2018 10:05am
The zone is also in confluence with a horizontal resistance zone on the daily time frame.

KP

Quoting KeenPips
The AUDUSD market has been in consolidation within a descending channel for quite a while. Presently price action on the daily time frame is around the channel resistance where a pin bar formed last week Thursday. It is also in confluence with the daily pivot (0.77715). I expect bears to take price action southward and target the channel support. I may be wrong. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
  • #63
  • Edited 5:48pm Apr 16, 2018 5:35pm | Edited 5:48pm
attempting a limit at 154.050 which is the 78.0% retracement from 144.989 to the high at 156.606 on the weekly chart. 78.0% has worked in the past when a pair has gone through the 61.8% on a longer term chart; April is the worst month to short this pair; doing it because to me the pair still has unfinished business in the 140's before it is free to move much higher - maybe into the 160's; maybe that will happen in December which is the second best month to buy the pound after April...
  • #64
  • Apr 16, 2018 6:03pm Apr 16, 2018 6:03pm
Hello GS! Which pair are you talking about?

Trade safe and prosper.

KP

Quoting Greenstar
attempting a limit at 154.050 which is the 78.0% retracement from 144.989 to the high at 156.606 on the weekly chart. 78.0% has worked in the past when a pair has gone through the 61.8% on a longer term chart; April is the worst month to short this pair; doing it because to me the pair still has unfinished business in the 140's before it is free to move much higher - maybe into the 160's; maybe that will happen in December which is the second best month to buy the pound after April...
Do your homework, follow the footprints of smart money
  • #65
  • Apr 16, 2018 11:50pm Apr 16, 2018 11:50pm
this is for pound jpy but was kind of meant to be pound in general: all the pound pairs are strong now but I think that is temporary and am running on that assumption; I tried to sell too early last week using a too short term chart (not usually my way). Right now, Oanda shows pound jpy 1/2 buy and 1/2 selling; see also the pound usd: it looks to me like it isn't going to 1.45 without a strong surprise positive data hit later this week and have set a limit order near there; I am also running on the assumption that seasonal trends will prevail and the pound will not strengthen until December past April.
Quoting Greenstar
attempting a limit at 154.050 which is the 78.0% retracement from 144.989 to the high at 156.606 on the weekly chart. 78.0% has worked in the past when a pair has gone through the 61.8% on a longer term chart; April is the worst month to short this pair; doing it because to me the pair still has unfinished business in the 140's before it is free to move much higher - maybe into the 160's; maybe that will happen in December which is the second best month to buy the pound after April...
  • #66
  • Apr 17, 2018 12:21am Apr 17, 2018 12:21am
Based on my weekly analysis, I plan to sell EURGBP this week. But atm the price action has moved too far southward from the mean and from the descending trendline I am watching on the H4 tf. I'm waiting for a northward pullback before looking for a sell trading opportunity.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #67
  • Apr 17, 2018 1:15am Apr 17, 2018 1:15am
Price action on the AUDUSD is sideways around the channel resistance atm. A sell trade would be feasible on the pair if price action significantly breaks below the monthly pivot around 0.77459.

KP

Quoting KeenPips
The AUDUSD market has been in consolidation within a descending channel for quite a while. Presently price action on the daily time frame is around the channel resistance where a pin bar formed last week Thursday. It is also in confluence with the daily pivot (0.77715). I expect bears to take price action southward and target the channel support. I may be wrong. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
  • #68
  • Apr 17, 2018 1:57am Apr 17, 2018 1:57am
Alternatively, should price action bounce off the channel resistance, the zone may be flipped - at least temporarily - and bulls may push price a bit further northward. Nevertheless, I am still technically bearish on this pair.

KP

Quoting KeenPips
Price action on the AUDUSD is sideways around the channel resistance atm. A sell trade would be feasible on the pair if price action significantly breaks below the monthly pivot around 0.77459. KP {quote}
Do your homework, follow the footprints of smart money
  • #69
  • Apr 17, 2018 6:18am Apr 17, 2018 6:18am
I am selling EurUsd, H4 is the timeframe. Looks like rejection.
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Click to Enlarge Name: xeur.png Size: 41 KB
  • #70
  • Apr 17, 2018 10:29am Apr 17, 2018 10:29am
Quoting batus
I am selling EurUsd, H4 is the timeframe. Looks like rejection. {image}
did you enter the trade ?
  • #71
  • Apr 18, 2018 6:51am Apr 18, 2018 6:51am
Quoting teodosy87
{quote} did you enter the trade ?
As always..i'm looking for the setup
  • #72
  • Apr 18, 2018 7:00am Apr 18, 2018 7:00am
Quoting batus
{quote} As always..i'm looking for the setup
Just a note Batus... I'm really glad your blog is online again. Loving the content and it's already helping my trading, please keep it up and keep posting charts. We love 'em
  • #73
  • Apr 18, 2018 8:18am Apr 18, 2018 8:18am
I expect USDCAD to continue on the sell side as the technicals are primarily bearish. On the daily timeframe, price action has disposed southward after a 61.8 Fib retracement of the downward swing from the high of May 2017 to the low of September 2017. A wedge pattern is operative on the daily time frame (magenta) and the wedge support line is likely to be a target for bears. The horizontal support around 1.22610/1.20789 may be exposed if bears breach the wedge support.

KP

Attached Image (click to enlarge)
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  • #74
  • Apr 19, 2018 10:18am Apr 19, 2018 10:18am
For me it doesn't matters if I trade short-time deals, or long-time, I always prefer trading major pairs. Like eur/usd, usd/cad, usd/chf. And in my experience a lot of traders do the same, sometimes I can open deals on gold and oil, but it's more of a situational decisions, then a part of my trading plan.
  • #75
  • Apr 19, 2018 1:49pm Apr 19, 2018 1:49pm
This thread is not about how long you hold your trade positions. It is about which trades are sell trades and on which pairs you hold southward or bearish perspective, and why. So share your sell trades or the pairs on which you have bearish outlook here. Tell us why.

Trade safe and prosper.

KP

Quoting robertino4
For me it doesn't matters if I trade short-time deals, or long-time, I always prefer trading major pairs. Like eur/usd, usd/cad, usd/chf. And in my experience a lot of traders do the same, sometimes I can open deals on gold and oil, but it's more of a situational decisions, then a part of my trading plan.
Do your homework, follow the footprints of smart money
  • #76
  • Apr 19, 2018 3:18pm Apr 19, 2018 3:18pm
Quoting batus
{quote} As always..i'm looking for the setup
Short entry based on setup, H4 & Daily timeframe also have a rejected today. So i will hold my short one more day although tg2 already achieved.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.H1.png Size: 38 KB


Quoting danmur
{quote} Just a note Batus... I'm really glad your blog is online again. Loving the content and it's already helping my trading, please keep it up and keep posting charts. We love 'em
Thanks danmur
  • #77
  • Apr 19, 2018 7:53pm Apr 19, 2018 7:53pm
GBPAUD is presently disposed southward in a horizontal channel (magenta) on the H4 time frame. There was a 78.6 Fib retracement of the most recent downward swing in the channel and price action is now heading southward. A break of the channel support is likely to see bears target the monthly pivot around 1.81191.

I may be wrong. Trade safe and prosper.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD_H4_Tech_Update_20th_Apr.,_2018.png Size: 49 KB
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  • #78
  • Apr 19, 2018 8:19pm Apr 19, 2018 8:19pm
A structure-based approach to trading this pair atm is if the price action pulls back to the descending trendline (black) and turns around southward, confirming a 1-2-3 setup for a sell trade. This is likely to give impetus for a bearish continuation.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD_H4_2_Tech_Update_20th_Apr.,_2018.png Size: 45 KB


Quoting KeenPips
GBPAUD is presently disposed southward in a horizontal channel (magenta) on the H4 time frame. There was a 78.6 Fib retracement of the most recent downward swing in the channel and price action is now heading southward. A break of the channel support is likely to see bears target the monthly pivot around 1.81191. I may be wrong. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
  • #79
  • Apr 20, 2018 8:00am Apr 20, 2018 8:00am
Quoting batus
{quote} Short entry based on setup, H4 & Daily timeframe also have a rejected today. So i will hold my short one more day although tg2 already achieved.
Almost 100p down and i took another short entry as H1 showing rejection. Will close both entries shortly. Happy weekend .

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.H1.png Size: 39 KB
  • #80
  • Apr 20, 2018 8:17am Apr 20, 2018 8:17am
Congratulations!

KP

Quoting batus
{quote} Almost 100p down and i took another short entry as H1 showing rejection. Will close both entries shortly. Happy weekend . {image}
Do your homework, follow the footprints of smart money
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