Short'n'longs by Alex

Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
Hello!

I like talking to you guys here. So, I've decided to share my trading with you. I'll post here my forecasts and opinions. I don't insist that they are absolutely right. If you are a newbie you can follow my advice (I have pretty good experience in Forex trading) but think by yourself firstly.

Anyway, I hope that my analysis will be useful for you. I'f you will have questions, write here and we will discuss everything. :)

You're welcome, traders!

Best regards,
Alex
 

Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
I think about the correction in EURUSD. Demand has reached 1.0915-1.1000 zone on D1. I would consider buying after break and retest of local resistance 1.1030. Plan to lock-in profit at 1.1070 and 1.1135.
mail
 

Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
I look for shorts in USDJPY shorts. Resistance has reached 104.000 on D1. My favorite absorption model pattern appeared in H1. I look forward to retest 104.15.

I’m planning to lock-in profit on 103.35 and 102.90.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
Sorry, there was a little problem with pictures yesterday. Before posting new analysis I wanted to fix that problem

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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
I watch commodity currencies today

USDCAD
Resistance was retained on 1.3255 on D1 time frame. Retest of local resistance occurred on 1.3208 on H1 timeframe. If we reach 1.3180, we can sell USDCAD. Potential movement - to 1.3150.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
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Berlin
A very interesting situation has formed on NZDUSD pair. There was my favorite candle pattern on D1. Longs - from 0.7110. Stop - at 0.7070 level. I'm planning to lock-in profit at 0.7150 and 0.7190.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
I'm watching GBPUSD pair today. I expect a correction on pound. Demand zone is near 1.2025-1.2150. I will consider buying after breakdown and testing on 1.2225 level. Potential movement of the pair - to 1.2300-1.2350.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
USDJPY. I allocated 2 key levels: resistance - 104.35; support - 103.95. I plan to go short after breakdown of 103.95 level. I’ll look for confirmations on smaller timeframes. Potential - to 103.65-103.25
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
EURUSD. I plan to look for an entry point after breakdown and testing of 1.1025 level. Potential movement - to 1.1050-1.1085. Outside bar Price Action has formed in H1 timeframe.
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Alexfx79

Active Trader
Sep 22, 2016
376
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44
Berlin
Still think of buying GBPUSD. The currency has fixed above the 1.2225 resistance level. Potential movement – to 1.2300-1.2350. Stop order - at the level of 1.2210.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
Hello, friends!
Here is my forescast on NZDUSD for today

I like the situation on Kiwi. I look for counter transactions today. The currency rebounded from 0.7235 resistance level on D1 timeframe. An absorption model was formed on H1. I’ll search for an entry point for short on the lower timeframes after overcoming 0.7190 support level. Potential movement - to 0.7160-0.7125.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
I look for short trades on yen today as well. Here is USDJPY. Currency has overcome and fixed below 103.70 support level. It’s better to search for an entry point at smaller timeframes (M15-M5). I’ll set a stop loss higher than signal formation. Potential movement - to 103.30-103.00.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
AUDUSD. Aussie is under pressure today due to weak data on the market. I will look for an entry point to a short after break and retest of 0.7660 support level. I’ll look for confirmations at smaller timeframes. Potential movement - to 0.7625-0.7600.

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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
EURUSD. Euro is at 1.0915-1.1000 demand zone now. The pair is near 1.0955 support level on H1 timeframe. The 'outside bar' price action pattern has formed. I’ll think about buying after overcoming 1.0980 resistance level. Potential movement - to 1.1020.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
I’m going short with GBPUSD today. The currency is near 1.2230 support level. I’ll think of selling after break and retest of this level. I’m going to look for the entry point at smaller timeframes. Potential movement - to 1.2200-1.2150.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
It seems to me that loonie may continue weakening. I expect to enter USDCAD long after breakdown of 1.3245 resistance level. I plan to take profits by parts using trailing stop. Potential movement - to 1.3295.
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Hafizmd

Active Trader
Sep 22, 2016
77
5
29
43
Kuala Lumpur
Hello!
I noticed that your analysis is very close to mine (I like price action patterns too) so I'll subscribe to this thread.
It will be a pleasure for me to talk to you about trading privately.
Thank you!
 

Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
Hello!
I noticed that your analysis is very close to mine (I like price action patterns too) so I'll subscribe to this thread.
It will be a pleasure for me to talk to you about trading privately.
Thank you!

Hello, Hafizmd!
I'm very glad my forecast is useful for you! Of course, you can contact me. Thank you!
 

Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
I look for shorts on USDJPY today. Japanese economy gives a good support for JPY. I think about selling after break and retest of 103,750 support level. Potential movement - to 103.50-103.25.
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
I plan to sell AUDUSD after overcoming 0.7620 support level. I’ll search for confirmations at the smaller timeframes. Potential movement - to 0.7585-0.75550.
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