Which pairs are you buying and why? | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Which pairs are you selling and why? 278 replies

Which pairs do you trade? 0 replies

If you could choose 4, 6 or 8 pairs, which would they be? 6 replies

Which Indicators to Which Pairs ?? 17 replies

which pairs to watch at which open/close 5 replies

Attachments: Which pairs are you buying and why?
Exit Attachments

Which pairs are you buying and why?

  • #41
  • Jul 3, 2018 3:05am Jul 3, 2018 3:05am
The daily close on GBPUSD gave a bullish setup. However, it's only for a short term. Basically, the market is in a corrective mode and may turn southward around 1.32420/1.32980 area, the immediate horizontal resistance.

I may be wrong. Trade safe and prosper.

KP
Quoting KeenPips
Price action has retraced southward to the minor ascending trendline (magenta) on the H4 time frame. However, there is no setup yet. Besides, as a general rule, I look to enter the markets after the daily close on Mondays. Trade safe and prosper. KP {quote}
Do your homework, follow the footprints of smart money
  • #42
  • Jul 8, 2018 4:12pm Jul 8, 2018 4:12pm
I am bullish on the EURUSD. Here's why, from a technical perspective.

On the H4 time frame, price action is heading northward and an inner ascending trendline (chocolate) is being respected as support. We should also be aware of an outer ascending trendline for a longer term use as support. The order flow context favours bulls and we may see them take the market further northward, with the horizontal resistance around 1.19260/1.20110 a favorable technical target. However, we may see bears attempt a pullback of price action to the inner trendline (chocolate) or even the minor horizontal support around 1.16490/1.159990 (bound by horizontal magenta lines) before an impetus for a bullish momentum.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4_8th_July,_2018_Top_Down.png Size: 45 KB
Do your homework, follow the footprints of smart money
  • #43
  • Jul 8, 2018 4:13pm Jul 8, 2018 4:13pm
I am bullish on this pair but I will wait for a feasible southward pullback of price action before looking for a buy trading opportunity. A bearish pullback of price action to the inner trendline (chocolate) on the H4 time frame or even the minor horizontal support around 1.16490/1.159990 (bound by horizontal magenta lines) will be of interest to me.

KP

Quoting KeenPips
I am bullish on the EURUSD. Here's why, from a technical perspective. On the H4 time frame, price action is heading northward and an inner ascending trendline (chocolate) is being respected as support. We should also be aware of an outer ascending trendline for a longer term use as support. The order flow context favours bulls and we may see them take the market further northward, with the horizontal resistance around 1.19260/1.20110 a favorable technical target. However, we may see bears attempt a pullback of price action to the inner trendline...
Do your homework, follow the footprints of smart money
  • #44
  • Jul 10, 2018 2:37pm Jul 10, 2018 2:37pm
Long EUR/USD. I see a bullish setup.
If the bar is bullish when the market is closed, I will buy more.
  • #45
  • Jul 10, 2018 4:20pm Jul 10, 2018 4:20pm
On which time frame?

Trade safe.

KP

Quoting bigiivan
Long EUR/USD. I see a bullish setup. If the bar is bullish when the market is closed, I will buy more.
Do your homework, follow the footprints of smart money
  • #46
  • Jul 11, 2018 12:53am Jul 11, 2018 12:53am
Quoting KeenPips
On which time frame? Trade safe. KP {quote}
On H1. But it is like it will fail. Let's see London opening then will think again.
  • #47
  • Jul 11, 2018 3:49am Jul 11, 2018 3:49am
Quoting bigiivan
{quote} On H1. But it is like it will fail. Let's see London opening then will think again.
It didnt work. Now I have bought a USD/CHF. Stop- 0,99049. Target- 0,99400.
  • #48
  • Jul 11, 2018 4:16am Jul 11, 2018 4:16am
Quoting bigiivan
{quote} It didnt work. Now I have bought a USD/CHF. Stop- 0,99049. Target- 0,99400.
BUSTED!
So fast, so sweet.
  • #49
  • Jul 11, 2018 4:45am Jul 11, 2018 4:45am
You may benefit from using a higher time frame for setup and a lower one for entry.

Trade safe and prosper.

KP

Quoting bigiivan
{quote} BUSTED! So fast, so sweet.
Do your homework, follow the footprints of smart money
  • #50
  • Jul 15, 2018 4:12pm Jul 15, 2018 4:12pm
Here's why I'm bullish on USDCAD this week.

On the daily time frame, price action is consolidating in an ascending channel (magenta). Last week Wednesday, the market printed a bullish outside candlestick around the monthly pivot that breached the highs of six previous candlesticks. Although bears stepped in on Thursday to mitigate the bullish move, they did not meet with much success. A minor ascending trendline (blue) is in play as support and we may see bulls seize the initiative this week and drive price action to the next resistance around the 1.34150 area. Of course, we may see a bit of southward retracement of price action before momentum for a northward drive is sustained.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_D1_Top-Down_15th_July,_2018.png Size: 58 KB
Do your homework, follow the footprints of smart money
  • #51
  • Jul 22, 2018 4:12pm Jul 22, 2018 4:12pm
I will look for a buy opportunity on XAUUSD this week. Price action on the daily time frame printed a bullish pinbar on Thursday last week around a major horizontal support and it saw a follow-through on Friday with a bullish engulfing candlestick. We are likely to see a bullish continuation this week. A likely target of bulls is the former support zone around 1263.30/1285.10 (bound by magenta horizontal lines). We should also be aware of the descending trendline (black) from the high of May 2018, which may act as resistance.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GOLD_D1_22nd_July,_2018.png Size: 50 KB
Do your homework, follow the footprints of smart money
  • #52
  • Jul 22, 2018 8:50pm Jul 22, 2018 8:50pm
Quoting KeenPips
I will look for a buy opportunity on XAUUSD this week. Price action on the daily time frame printed a bullish pinbar on Thursday last week around a major horizontal support and it saw a follow-through on Friday with a bullish engulfing candlestick. We are likely to see a bullish continuation this week. A likely target of bulls is the former support zone around 1263.30/1285.10 (bound by magenta horizontal lines). We should also be aware of the descending trendline (black) from the high of May 2018, which may act as resistance. I may be wrong. Trade...
Closely watched. Thanks!
  • #53
  • Last Post: May 2, 2019 6:22am May 2, 2019 6:22am
I am selling sterling and dollar against the yen, why? I feel they are O/B
trading is simple but is simple is not easy.
0 traders viewing now