Which pairs are you buying and why? | Forex Factory

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Which pairs are you buying and why?

  • #1
  • First Post: Edited 2:23pm Jun 3, 2018 2:07pm | Edited 2:23pm
I am a short term swing trader. I trade from identified turning points, zones and pivots and hold my trades for days or weeks. On April 1, 2018, I opened a thread on ‘Which pairs are you selling and why?’ because many of my trades are sell trades as largely the pairs I track give me positive swap on a southward drive. However, I also enter buy trades. For example, this week all the pairs on my watch list that met the feasible trading criteria in my pre-week analysis are technically disposed northward, at least in the short-to-medium term.

This thread is focused on sharing trades, information, ideas, charts and analyses on pairs that have potential for buy trading opportunities. Which pairs are you buying and why? Contributors should only post pairs they are buying, plan to buy or on which they hold a bullish bias. This thread is not about what you are selling, plan to sell or which pairs you have a bearish bias on. If you want to submit posts on sell trades or on pairs you hold bearish bias on, click ‘which pairs are you selling and why?’

Furthermore, this thread is not about who is right, nor is it for ego or self-promotion.

This thread is not for signal service and should not be used to promote any commercial interest.

KP
Do your homework, follow the footprints of smart money
  • #2
  • Jun 3, 2018 2:11pm Jun 3, 2018 2:11pm
Based on the pre-week technical analyses of the pairs on my watchlist, I will be tracking EURUSD, EURJPY and GBPUSD for buy trading opportunities this week. This is likely to be a short-to-medium term northward bias. I will be providing the why on the EURUSD in the next post.

I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #3
  • Jun 3, 2018 3:30pm Jun 3, 2018 3:30pm
Here's why I will be looking for a buy trading opportunity on the EURUSD in the first half of this week.

On the daily time frame, recent price action is very much under the influence of bulls. The bullish piercing candlestick formed last week Wednesday was followed up by two candlesticks in a consolidating pattern but with a bullish tone, given the nature of the candlestick formed last week Friday. The move saw price action entering a minor support zone earlier breached but not yet flipped as resistance. There may be a further northward move to retest a more significant S/R zone around the 1.19180 area, an area that is congruent with the 50 Fib retracement of the drop from the high of April 17, 2018 to the low of May 29, 2018.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_D1_3rd_June,_2018_Top-Down.png Size: 49 KB


Quoting KeenPips
Based on the pre-week technical analyses of the pairs on my watchlist, I will be tracking EURUSD, EURJPY and GBPUSD for buy trading opportunities this week. This is likely to be a short-to-medium term northward bias. I will be providing the why on the EURUSD in the next post. I may be wrong. Trade safe and prosper. KP
Do your homework, follow the footprints of smart money
  • #4
  • Jun 3, 2018 3:35pm Jun 3, 2018 3:35pm
I am bullish on GBPUSD on the short-to-medium term basis. Here's why, from a technical perspective.

Recent price action on the daily time frame is disposed in favour of bulls. We may see bulls take price action to retest a recently broken support zone before it is flipped for a southward turnaround. Such a zone is around 1.34990/1.36000. An ascending trendline (red) from the low of January 2017 is active as a support.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1_3rd_June,_2018_Top-Down.png Size: 44 KB
Do your homework, follow the footprints of smart money
  • #5
  • Jun 3, 2018 3:54pm Jun 3, 2018 3:54pm
I will look to buy in the EURJPY market in the early part of this week. Here's why, from a technical perspective.

The technicals on the H4 time frame favour the bulls. The candlesticks recently printed by price action are largely disposed northward. While I am bullish on this pair on a short term basis, I will be tracking how price action reacts to the ascending trendline (magenta) which is currently acting as support.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_H4_3rd_June,_2018_Top-Down.png Size: 44 KB
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  • #6
  • Jun 5, 2018 4:51am Jun 5, 2018 4:51am
Price action on EURJPY has entered a congestion zone, around 128.260, on the H4 time frame and in confluence with a minor S/R zone. It has rejected the monthly pivot northward. I will be looking to adding to my buy position on the pair.

I may be wrong. Trade safe and prosper.

KP

Quoting KeenPips
I will look to buy in the EURJPY market in the early part of this week. Here's why, from a technical perspective. The technicals on the H4 time frame favour the bulls. The candlesticks recently printed by price action are largely disposed northward. While I am bullish on this pair on a short term basis, I will be tracking how price action reacts to the ascending trendline (magenta) which is currently acting as support. I may be wrong. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
  • #7
  • Jun 5, 2018 8:32am Jun 5, 2018 8:32am
Looking to buy the eurusd between 1.1655-1.1600 with a target of 1.1820. Unfortunately the computer I am using will not let me post the chart, my apologies. Many pips to all.
  • #8
  • Jun 5, 2018 5:36pm Jun 5, 2018 5:36pm
Buying euro, pound, yen, cad, franc, nzd. Selling usd. I have a gut feeling big moves are about to happen today.
Pecuniae obediunt omnia
  • #9
  • Jun 5, 2018 6:53pm Jun 5, 2018 6:53pm
Thanks for posting here. However, please tell us only what you are buying and why; do not tell us about what you are selling. There is another thread for that. Check here. You may read post #1 again. Also, be wary of trading based on mere feelings.

Trade safe and prosper.

KP

Quoting PIPot
Buying euro, pound, yen, cad, franc, nzd. Selling usd. I have a gut feeling big moves are about to happen today.
Do your homework, follow the footprints of smart money
  • #10
  • Jun 5, 2018 7:01pm Jun 5, 2018 7:01pm
I have closed my open buy trades on this pair. I usually leave my trade positions open for 1-2 weeks on average but I am wary of leaving trades on pairs with negative swaps for too long. Therefore, I have decided to close the open trades on EURJPY, particularly as the EURJPY market at the moment is too slow for my liking. If there is a pullback to the right support zone and I see a bullish set-up on a daily closing basis, I may re-enter this market.

Trade safe and prosper.

KP


Quoting KeenPips
Price action on EURJPY has entered a congestion zone, around 128.260, on the H4 time frame and in confluence with a minor S/R zone. It has rejected the monthly pivot northward. I will be looking to adding to my buy position on the pair. I may be wrong. Trade safe and prosper. KP {quote}
Do your homework, follow the footprints of smart money
  • #11
  • Jun 7, 2018 6:53pm Jun 7, 2018 6:53pm
Hi KeenPips

Im using moving average indicator dash, and EURUSD is in up trend. So yes, im buying it.
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forex is better than cryptocurrency, trust me.
  • #12
  • Jun 10, 2018 4:35pm Jun 10, 2018 4:35pm
gbpcad seems bull, any ideas?
Let me fill my acount wallet then will take Ur advice
  • #13
  • Jun 10, 2018 4:44pm Jun 10, 2018 4:44pm
GBPCAD is not on my watch list and I'm not tracking it. I track GBPUSD and I notice it is slightly bullish; only for a short time as there is a minor resistance around the 1.34745/1.35240 zone which should be breached before a reasonable R:R can be assured for a buy trade.

KP

Quoting rafat habeb
gbpcad seems bull, any ideas?
Do your homework, follow the footprints of smart money
  • #14
  • Jun 10, 2018 5:32pm Jun 10, 2018 5:32pm
Quoting KeenPips
GBPCAD is not on my watch list and I'm not tracking it. I track GBPUSD and I notice it is slightly bullish; only for a short time as there is a minor resistance around the 1.34745/1.35240 zone which should be breached before a reasonable R:R can be assured for a buy trade. KP {quote}
any idea for GBPAUD ? Seems like up to right now
  • #15
  • Jun 10, 2018 6:14pm Jun 10, 2018 6:14pm
Nice forum, good to be here, i have been on a buy gbpusd seeing a resistance at 1.348 and a trend line pointing up
  • #16
  • Edited 6:46pm Jun 10, 2018 6:27pm | Edited 6:46pm
Welcome to FF mate! Try to develop your skill in reading and analyzing the markets and share your analyses with members by posting on threads that appeal to you or are relevant to the analyses.

Trade safe and prosper.

KP

Quoting Iyke1
Nice forum, good to be here, i have been on a buy gbpusd seeing a resistance at 1.348 and a trend line pointing up
Do your homework, follow the footprints of smart money
  • #17
  • Jun 12, 2018 4:15pm Jun 12, 2018 4:15pm
I am looking for bullish move on UsdJpy, seems the price has breached ressistance on trendline and horizontal line. Performing bullish on Weekly, Daily and H4 tf. Bull pennant on H1.
  • #18
  • Jun 14, 2018 1:24pm Jun 14, 2018 1:24pm
Quoting batus
I am looking for bullish move on UsdJpy, seems the price has breached ressistance on trendline and horizontal line. Performing bullish on Weekly, Daily and H4 tf. Bull pennant on H1.
Happy weekend...enjoy soccer world cup

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.H1.png Size: 38 KB
  • #19
  • Jun 14, 2018 1:30pm Jun 14, 2018 1:30pm
Hope you had a good buy trade on USDJPY.

KP

Quoting batus
I am looking for bullish move on UsdJpy, seems the price has breached ressistance on trendline and horizontal line. Performing bullish on Weekly, Daily and H4 tf. Bull pennant on H1.
Do your homework, follow the footprints of smart money
  • #20
  • Jun 17, 2018 2:14pm Jun 17, 2018 2:14pm
I will look for a buy opportunity on the USDCAD this week. Here's why, from a technical perspective.

Price action on the daily time frame is strongly disposed northward with a well angled inner trendline (navy) in play as support. This is an indication of a strong northward momentum. However, price action has entered a minor horizontal resistance, the 1.32080 area, and we may see a sideways operation or a brief southward retracement in the early part of this week before further momentum for a northward move. Nevertheless, as long as the inner ascending trendline (navy) holds as support, we should see further bullish continuation. An initial target of bulls is likely to be the next significant horizontal resistance around the 1.33880 area.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_D1_17th_June,_2018_Top-Down.png Size: 53 KB
Do your homework, follow the footprints of smart money
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