Which pairs are you selling and why? | Page 8 | Forex Factory

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Which pairs are you selling and why?

  • #141
  • May 20, 2018 4:05pm May 20, 2018 4:05pm
I will look for a sell trading opportunity on the GBPUSD this week. Here's why.

On the daily timeframe, the series of wicky candlesticks formed since two weeks’ ago produced a consolidating horizontal channel with a bearish tone. The bearish tone could be seen in the candlesticks formed on Thursday and Friday last week, leading to the break of a support trendline (black) seen on the weekly time frame. Although there is technical support for further southward move this week, price action may pullback to retest the high of the pinbar formed on Thursday last week (around 1.35620) or even last week’s high (around 1.36240) before a southward turnaround.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #142
  • May 20, 2018 4:08pm May 20, 2018 4:08pm
I will be interested in a sell trade on the EURCAD. On the daily time frame, price action is respecting a resistance trendline (black) from the high of March 2018. A retest of the trendline, perhaps around the 1.53540 area, which is confluence with a broken down horizontal support zone, is likely to role flip it for a southward momentum. A retest of the resistance trendline (black) on the daily timeframe will see me position for a sell trading opportunity.

KP

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Do your homework, follow the footprints of smart money
  • #143
  • May 22, 2018 8:55am May 22, 2018 8:55am
Price action on the EURUSD H4 time frame has rejected the weekly pivot southward; I see that as a cue for a sell trade and I'm short on the pair.

I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #144
  • May 24, 2018 2:04pm May 24, 2018 2:04pm
XAUUSD is inching towards a resistance trendline on the D1 time frame. A bounce off the trendline or a southward set-up at the 1313/801320.45 zone will be of interest to me for a sell trading opportunity; much likely next week.

Trade safe and prosper.

KP

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  • #145
  • May 24, 2018 11:36pm May 24, 2018 11:36pm
Prefer short on UsdJpy..50p target...busy lately KP

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  • #146
  • May 24, 2018 11:48pm May 24, 2018 11:48pm
i'm selling GBPNZD, USDJPY and CADJPY.
  • #147
  • Edited 4:54am May 25, 2018 12:03am | Edited 4:54am
...
Be the market
  • #148
  • May 25, 2018 2:16am May 25, 2018 2:16am
Hello mate! How are you doing?

Yes shorting USDJPY is a feasible thing. I closed my short trades yesterday before the nortward pullback. I'll be waiting for the close of session this week.

Trade safe and prosper.

KP

Quoting batus
Prefer short on UsdJpy..50p target...busy lately KP {image}
Do your homework, follow the footprints of smart money
  • #149
  • May 25, 2018 2:18am May 25, 2018 2:18am
Please avoid putting fellow posters on the defense. Just tell us what you are selling or bearish upon and why.

KP

Quoting alvseek
You must be good. What is your winning rate? and how much do you risk per trade?
Do your homework, follow the footprints of smart money
  • #150
  • May 25, 2018 2:21am May 25, 2018 2:21am
Thank you for posting. In future, try to tell us why. Doing so will help you in your market analysis.

Trade safe and prosper.

KP

Quoting yogeshsingh
i'm selling GBPNZD, USDJPY and CADJPY.
Do your homework, follow the footprints of smart money
  • #151
  • May 25, 2018 3:00am May 25, 2018 3:00am
Quoting KeenPips
Hello mate! How are you doing? Yes shorting USDJPY is a feasible thing. I closed my short trades yesterday before the nortward pullback. I'll be waiting for the close of session this week. Trade safe and prosper. KP {quote}
Thats great KP, love to hear that
As today is the last trading day of the week, i just scalp a little bit with the current strength .
Current situation seems strong for Dollar & Yen

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  • #152
  • Edited 5:01am May 25, 2018 4:04am | Edited 5:01am
I'm asking you and feel honestly that you're a good trader hence the question.

Sorry for the informalities
Be the market
  • #153
  • May 25, 2018 4:18am May 25, 2018 4:18am
Thanks mate but I'm trying to be a good and improving trader. Let us stay focused on the purpose of this thread.

Trade safe and prosper.

KP

Quoting alvseek
{quote} I'm asking you and feel honestly that you're a good trader hence the question. Sorry for the informalities
Do your homework, follow the footprints of smart money
  • #154
  • May 25, 2018 8:20am May 25, 2018 8:20am
Quoting batus
Prefer short on UsdJpy..50p target...busy lately KP {image}
Its about 40p+ , i just called it a day. Have a great weekend...see ya

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  • #155
  • May 27, 2018 2:24pm May 27, 2018 2:24pm
I already have a sell position open on the USDJPY. This week, I will look to adding to my position based on the technical analysis on the pair during the weekend. On the weekly time frame, price action is operating at the resistance zone of a falling channel (navy) and within a larger wedge pattern (navy). Last week, a bearish engulfing candlestick was printed which broke below a support trendline (magenta) from the low of September 2012. In actual fact, it was a retest of the trendline earlier broken in February 2018, which is apparently being flipped for a bearish continuation. If bears are able to breach the monthly pivot (108.150) southward, the horizontal support (purple) around the 105.780 may be exposed.

The H4 time frame shows that price action has breached a support trendline (red) after a 78.6 Fib retracement of the drop from the high of January 8, 2018 to the low of March 23, 2018. A resistance trendline (black) is in play and its retesting by price action may validate it for a southward momentum.

I may be wrong. Trade safe and prosper.

KP


Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #156
  • May 27, 2018 2:39pm May 27, 2018 2:39pm
Selling UJ long term
bearish trend on monthly waiting for supply level to be tested or a new level of supply to be formed, triangle forming on monthly looking to sell to the base of triangle for now
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  • #157
  • May 27, 2018 2:50pm May 27, 2018 2:50pm
Good post mate.

KP

Quoting Neil0163
Selling UJ long term bearish trend on monthly waiting for supply level to be tested or a new level of supply to be formed, triangle forming on monthly looking to sell to the base of triangle for now {image} {image} {image}
Do your homework, follow the footprints of smart money
  • #158
  • May 27, 2018 4:02pm May 27, 2018 4:02pm
I will look to sell in the GBPUSD market this week if price action pulls back to retest the broken horizontal support around the 1.34240/1.34640 area. Price action on the pair has continued bearish since two weeks ago after a sideways operation a week earlier. Last week, a strong bearish continuation candlestick was printed on the weekly time frame. The technicals on the D1 time frame favour a southward continuation but we may have a brief northward correction.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1_Tech_Update_27th_May,_2018.png Size: 46 KB
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  • #159
  • May 27, 2018 9:58pm May 27, 2018 9:58pm
Hello guys.
Potential short for EurUsd, 50p target. Im waiting for any reversal csp.

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  • #160
  • May 28, 2018 5:05am May 28, 2018 5:05am
Quoting batus
Hello guys. Potential short for EurUsd, 50p target. Im waiting for any reversal csp. {image}
It's now already achieved the target with an entry after confirmation. Maybe i will extend the target for this week after doing partial.

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