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StockStream Forex On GBP/JPY Trade Plan (10 hours ago): A break below 148.50 should cause the pair o move lower towards the 147...- StockStream Forex On Short GBP/USD (17 hours ago): Cosing second lot at 1.5615. Profits=100 pips.
- StockStream Forex On Short GBP/USD (18 hours ago): First targets achieved. Profits = 115 pips. Move stops to breakeven on second...
- StockStream Forex On AUD/CHF and USD/JPY Trade Plans (4 days ago): Stopped out on second lot. Net profit for the trade = 10 pips.
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GBP/JPY Trade Plan
GBP/JPY has set up an ascending triangle pattern after stabilizing above the 147 mark. We will be looking to buy a break and retest of the 149.50 region with stops below 149 and targets back in the 151.50 region. We are watching price...
Short GBP/USD
GBP/USD is retracing after testing important resistance zone in the 1.57-1.58 region. This region is horizontal, Fibonacci and trend channel resistance. The RSI also seems to be turning after a test of the 70 level (Figure 1). We are short from...
Trade Plan for GBP/USD, EUR/CHF and Gold
By StockStream News 4 days agoCategories: Forex
The trends from the previous week continued this week with JPY remaining strong and USD weak. A notable exception was the reversal in commodity currencies. This week we expect some USD strength especially against EUR, GBP and CHF. To start the week...
EUR/AUD
By fx_scalper 5 days agoCategories: Forex
Had been meaning to post this trade setup earlier today but did not get a chance. EUR/AUD bounced off the channel support. I am looking for a move back to the channel top and then sell it for a move down to the 1.37 levels.
AUD/CHF and USD/JPY Trade Plans
AUD/CHF is setting up a potential double bottom. We will be looking to buy a break and retest of the of the neckline currently around 0.8875. The projected targets for the trade will be in the 0.9050 region. USD/JPY is approaching the 38.2%...
Long USD/JPY
USD/JPY is testing strong support in the 95.50-96.0 region. This region is trend line and 100 day EMA support (Figure 1). This is also horizontal and 78.6% retracement of the recent rise. The RSI is also approaching the 30 support on the 4-hr...