Thread: Which pairs are you selling and why?

Originally Posted by ;

Congratulations! KP quote

Due KP

My egy for next week is to sell GBPUSD since the weekly revealed a rejection. Will wait for Daily especially H4 rejection respectively.

Great also to trade the egy and also to have a egy. I develop my commerce plans after performing the scanning and analysis of those pairs on my watchlist. I have a commerce plan for every pair I plan to trade a few pairs per week.

Trade thrive and safe.

KP

Originally Posted by ;

quote Thanks KP My egy for next week would be to sell GBPUSD as the weekly already revealed a rejection. May wait for Daily particularly rejection respectively.

As we can all see there is a little resistance area at @151.7 on pound jpy for selling in the event that you don't want to sit seeing the volatility such as a hawk since there is little risk the pair will rise beyond that: today there is a deeper correction in shop back to the 140's which plays into the tendency that pound generally beats after April until much later in year. The political scenario in the UK remains what it is and at and at the markets what it's which means, risk tendencies aren't stable so we all have to be.

Hi, I'm selling the NZDUSD, here you can find my motives https://forexintuitive.com/forex-tra...ill-willi.html

Good Article GS.

Trade thrive and safe.

KP

Originally Posted by ;

As we can all see there's a little resistance area at @151.7 on pound jpy for selling if you don't want to sit watching the volatility such as a hawk as there is little risk the pair will rise beyond that: today there's a deeper correction in shop back into the 140's which plays to the trend that pound in general weakens after April until considerably later in year. The scenario in the united kingdom stays what it is and in and in the markets what it's which means, risk tendencies aren't stable so we have to be.

Please indie unless there are details why with this thread; don't refer us to another thread. Even place a list of it.

KP

Originally Posted by ;

Hello, I am selling the NZDUSD, here you'll find my reasons https://forexintuitive.com/forex-tra...rt-thread.html

I have held a bearish outlook on the USDJPY for quite a while. I set a sell limit at a zone I had been watching since late March 2018. But I had to cancel the order because price action was fairly ambivalent. I am still bearish on the pair. Her'es why.

On the H4 time frame, price action is constrained within a wedge/triangle pattern (green). The most recent price action has breached an inner support trendline (black) and now held by the wedge support trendline (green). Last Friday, a bullish candlestick spiked above the inner support trendline (black) and struck on the wedge resistance but ended up printing as a bearish pinbar round the 38.2 Fib retracement (among the most recent downward movement from the station resistance seen on weekly timeframe) towards the latter portion of the session. This was countered by bulls and price action published a bullish candlestick by the close of session. Apparently a tussle between bears and bulls remains on and we may expect bulls to take price action farther northward, possibly to around the 50 Fib retracement zone, the 108.460/109.390 region. On the other hand, the market structure favours the bears and we may expect a southward turnaround in the first part of the week.


I may be wrong. Trade secure and prosper.

KP

I seem to sell the GBPUSD this past week. Here's why.

During this month, price action tested the high of this bullish candlestick shaped in January 2018 and flipped around southward.

On the daily time period, a series of bearish candlesticks formed last week took price action southward within an Icelandic station (magenta) where it's been operating since February 2018. Last week bears took price action farther southward to breach the channel support. We might expect a retest of this channel support, or possibly a 50/61.8 Fib retracement, before impetus for a bearish continuation. Thereafter, we might observe bears require price action supporting the immediate horizontal support around the 1.38450/1.37640 region. An ascending trendline (black) seen on the weekly time period might be a temporary barrier which bears would have to contend with.


About the H4 time period, price action is going southward in the ascending channel (magenta) seen on the daily time period. It's respecting a resistance trendline (gloomy). Since the weekly candlestick printed last week was a bearish engulfing candlestick, I anticipate a southward continuation, more probably after a 50/61.8 Fib retracement. Of course, any thing can happen and bears may have the advantage to take price action farther southward without retracement that is northward. At any rate, I'm bearish on this pair. I will wait for the market to show its hands and then look for a prospect.


I might be wrong. Trade secure and prosper.

KP

I am currently looking to market the eur/chf to the simple fact that it's run up on a major resistance line dating back into the floor that was put in back in 2014 but was ultimately broken in January 2015 when the Swiss eliminated the ground along with the chf pairs fell off a cliff. The eur/chf has rallied and I think is in a fantastic place for a pullback into 1820-1850 area. This is an extremely speculative trade because it's going to be going against the prevailing tendency but it remains a very low risk trade using a stop loss slightly over the recent high. Happy trading everyone.

AB

Trade safe. Going against the major trend will mean you don't linger on the market.

KP

Originally Posted by ;

I'm currently looking to sell the eur/chf for the simple fact that it's run up on a major resistance line dating back to the ground that was put back 2014 but was ultimately broken in January 2015 when the Swiss removed the ground along with the chf pairs fell off a cliff. The eur/chf has rallied and I think is in a fantastic spot for a pullback to 1820-1850 area. This is an extremely speculative trade since it will be going against the prevailing tendency but it remains a low risk trade using a stop loss marginally above the recent high....