pips4peeps

pips4peeps

Looking at XAUUSD, I do favour it going lower back to $1950 and probably $1945. This is potentially a 300+ pip trade. With 1:3 Risk/Reward. Today’s structure broke out of consolidation but failed to take out previous highs which were created last Friday. This might be a sign of slowing momentum.. Let’s see how this one performs.

pips4peeps

Afternoon traders, hope you’re all well. I’m looking at a possible reversal trade on AUDUSD. Those who have been around for a while will know Wednesdays are known for reversals. Should price sustain above the blue barrier we might see a sharp move to the upside. Aiming for 35-50 pips on this one. Good luck!

pips4peeps

Happy Wednesday, I hope everyone is doing well. Veteran traders will know what Wednesdays are famous for ;-) … Gold has been free falling and a retracement is bound to happen. Personally, I expect the bounce to happen later on this week. Give the market room to breathe before the move happens, 150-200 pips seems about right. Projecting 800 pips to the upside

pips4peeps

At the time of this posting, USDCAD hasn’t really moved for the day despite all major pairs being relatively volatile today. While the US dollar has been soft for most sessions today, Risk remains off. The oil industry contributes 3% to the Canadian GDP. For the moment I am monitoring oil prices. If we see a bounce in oil, expect this setup on USDCAD to follow...

pips4peeps Updated 

Traders! Hope you’re all doing well. This is an active long position on EURUSD. I’ve been waiting for this setup to mature for 2 days. I’m aiming to capitalise on a 110-150 pip move to the upside. Risking just over 35 pips, making this a 1:3 Risk/Reward Setup. Will update soon. Thanks!

pips4peeps

Hello traders, hope you’re all doing well. Looking at SHORTING USDCAD ahead of today’s Canada Employment Change Event in New York Session. I’m anticipating that the print will come out higher than expected. For reference, the last Employment Change Event was on the 10th of March. The print came out higher than expected and price dropped 60+ pips which is...

pips4peeps

Happy New Year traders🏆🔥 hope you all well. This is a short trade I’m currently in, expecting price to fall back to 1785-1783 in the next few trading days. Not any major news to look out for. Let’s see how this one performs

pips4peeps

What’s up traders? I just published a similar idea on XAGUSD. I personally think we could see a mid-week reversal of all commodities. The infamous M formation, a notable reversal pattern seems to be playing out. Let’s see how this one performs, I’ll leave a link to my XAGUSD idea down below.

pips4peeps

Traders what is going on?🔥 Hope you all had a wonderful weekend 🎄❤️ Let’s get back to it. Price held firmly below 24.292, I am expecting a reversal all the way back to 22.85. I have a similar view on all commodities particularly XAUUSD (GOLD) and USOil. Let’s see how this one performs :-)

pips4peeps

What is going on traders? 🏆 Last full trading week of the year. A lot is going on. BoJ surprise announcement to control the Yield Curve (YCC). This is obviously weighing on the U.S Dollar which is down over 3% against the Yen counterpart on the day. Another story shaping our current narrative is the possibility of China reopening it’s economy. Commodity...

pips4peeps

Happy Sunday traders🔥 market opens in a few, thought I’d drop this chart real quick. Technical Outlook: On the Daily time frame price is currently at a Fibonacci area of interest between 61.8% and 78.6%… Price is also trapped in an inside bar which formed last week Tuesday. An inside bar can be a reversal or continuation pattern, depending on which side of it...

pips4peeps

Happy Tuesday traders🧑‍💻 hope you’re all doing well. We had a very dovish FED last week, affecting the dollar in a negative manner. However a strong non-farm payroll on Friday coupled up with Positive PM yesterday has shifted momentum. Let’s see how this one performs

pips4peeps Updated 

Happy Thursday traders🔥 It is a new month so we want to slowly ease our way into the market. Fed policy rate futures imply a 75% chance of a half-point rate hike in December, versus a 25% chance of a 75-basis point hike. U.S Dollar down on the day. U.S Oil up on the day. USDCAD price lagging behind, giving us those SHORT opportunities. Let’s see how this one...

pips4peeps

Happy Wednesday traders🔥 EU inflation print missing expectations earlier today. U.S GDP print beating expectations. Short opportunities on EURUSD and across all XXXUSD pairs. Let’s see how this one performs:-)

pips4peeps

Happy Tuesday traders🏆 Above is a AUDUSD SHORT POSITION I’m currently in. First target is 0.65500, if price falls further we could see price at 0.64000. Risk-sensitive currencies rose against the weakening safe haven U.S Dollar amid hopes of a potential easing in China’s restrictive policy following protests in the country. Will these hopes be realised any...

pips4peeps

Happy Sunday traders🔥🏆 hope you all having a wonderful weekend. Market opens in a couple of hours, I thought I’d share this potential LONG trade setup I will likely be taking when the market opens on XAUUSD. The U.S dollar gave up gains after already falling on Wednesday after the Fed’s November meeting minutes indicated agreement that rate hiking could be...

pips4peeps Updated 

The dollar retreated across the board, ceding some of the ground gained in the previous session, as investors looked past worries about China's COVID flare-ups, boosting demand for more risky currencies. Like the AUD & GBP.

pips4peeps Updated 

Happy Wednesday traders🔥 anyone fancy a mid-week reversal?📈 It seems very likely that we might have one possibly forming on XAUUSD. If price does follow through, we’ll see price at $1770 in the next couple trading days. The U.S. central bank is widely expected to deliver a 50-basis point hike at its December meeting, with rates expected to peak in June. If the...