MMQ_FX

MMQ_FX

USDCHF has been moving in a sideways range for around a fortnight now. This trade is simply to capitalise on the break of the range to the upside. With today's bullish momentum I believe we can see price rise another 50 pips to revisit the yearly high.

MMQ_FX

We saw some bearish movement on GBPAUD yesterday however it appears a weak AUD caused a bullish reversal in the pair overnight. (I am currently in UAE timezone) At the time of writing, the London session has just begun & we see price action indicating that another move down may be imminent. I observe a bearish doji followed by what appears so far to be an...

MMQ_FX

It's not a pair I trade a lot but I couldn't help notice this lovely set up on AUDCAD today. As we can see AUDCAD is downtrending in a channel formation. At CMP we see price rejecting from the upper band of the channel in line with the 0.97 psychological level and EMA. This provides us a nice set up to catch price's next move down to hopefully revisit the last...

MMQ_FX

EURJPY evidently very bullish on higher timeframes. Here we are presented with a lower timeframe entry to join the bull run. Technicals today point to the upside with the ascending trendline and H1 EMA holding as support. With a solid break of the 129.000 psychological level we could see a 100 pip push to the 2021 high around 130.

MMQ_FX

GBPUSD in a significant uptrend, with the pound showing strength today across the board. D1 timeframe illustrates the overall bullishness more obviously. Price has managed to close above the H1 100 and EMA, and so 1.4000 seems reasonable to reach at some point today. As illustrated on the chart, the 1.4000 psychological level is acting as a noticeable area of...

MMQ_FX

Short term intra day set up on EURUSD. May look to extend TP when/if price nears the level depending on price action/momentum.

MMQ_FX

TV hasn't been letting me publish whilst abroad in the UAE without a VPN! Hence my first published post in a while. Quick intra day idea on EURJPY. EJ has been moving in a strong uptrend for time and has recently reached the highest price since December '18. A small correction has been made on the lower timeframe as illustrated on the chart. I now expect price...

MMQ_FX

EURJPY has again reached the 125.000 psychological level and began to show signs of rejection. I am expecting another fall to the previous swing low - at around the 122.800 level

MMQ_FX

I have been waiting on this set up for a while now so I'm hoping the wait will have been worth it! Current market price at time of writing is 1.19450. Huge swing trade set up here on EURUSD. Price has been so bullish over the last week due to USD's weakness and I did anticipate it reaching the yearly high at the 1.20 psychological level (2020's highest price.)...

MMQ_FX

EURUSD had been moving within a tight ascending channel for a week or so, finally managing a break to the downside yesterday. After several visits to the 1.19 region, it is apparent this is a tough level to break. Price is currently resting on an area of noticeable support/resistance. I am expecting this zone to break, following which we should see an initial...

MMQ_FX

EURJPY is looking bearish and I believe price will fall back within the descending 4 hour TL. With a clean break of this and the 124.000 psychological level I will anticipate a fall to the previous resistance area, which lines up with the 123.000 psychological. Let's see how this plays out.

MMQ_FX

A head and shoulders pattern appears to have formed on the EUR/USD H1 timeframe. (Illustrated with L/H/R annotations) The neckline of this pattern rests on the 1.18 psychological level. I believe, upon breaking this we should see a push down to the July-November swing low at around the 1.16 psychological level. EURUSD appears to be respecting these levels very...

MMQ_FX

A rather frustrating swing trade on EURJPY - executed last week, we saw a lovely 200 pip drop following EUR gaining strong bear momentum with the ongoing rising Eurozone Covid cases. However this week price surprisingly pulled all the way back up to the resistance level! Halting again at the 125.000 psychological level, I believe we should see another drop to...

MMQ_FX

EURUSD is currently extremely bearish. From a fundamental perspective the rising Covid cases in the Eurozone are weighing heavily on the Euro, which can be observed across most EUR pairs. Technically on EURUSD here we have a broken head and shoulders neckline in addition to a break of the 1.17000 psychological level. The next support zone on EU is around the...

MMQ_FX

EURGBP retesting the downtrend, expecting price to reverse and continue bullish up to the recent resistance.

MMQ_FX

I am a reversal from the strong flip level on EURJPY at around 1.2700. I am wary the price could find support at the 124.200 level and continue in its recent bullishness. Euro was very strong yesterday following positive Retail Sales news during the London session. However, overall the price in EURJPY is downtrending and we could see a drop to the September...

MMQ_FX

Still Bearish on USDCAD Price has broken the uptrend and we may see a move back down to retest the previous resistance area at around the 1.32000 psychological level. 60+ potential pips!

MMQ_FX

EURJPY presenting bearish confluences after making a strong rejection (previous H4 bearish engulfing) from the 124.000 psychological area during the Asian session. JPY appears to have strengthened over the Asian session also with other XXXJPY pairs devaluing in price. EURJPY has also rejected the 200 EMA, appearing to have completed a retracement to the...