Which pairs are you buying and why?

I'm a brief time period swing dealer. I commerce from recognized turning factors, zones and pivots and maintain my trades for days or even weeks. On April 1, 2018, I opened a thread on ‘Which pairs are you promoting and why?’ as a result of a lot of my trades are promote trades as largely the pairs I monitor give me constructive swap on a southward drive. Nonetheless, I additionally enter purchase trades. For instance, this week all of the pairs on my watch record that met the possible buying and selling standards in my pre-week evaluation are technically disposed northward, a minimum of within the short-to-medium time period.

This thread is concentrated on sharing trades, data, concepts, charts and analyses on pairs which have potential for purchase buying and selling alternatives. Which pairs are you buying and why?Contributors ought to solely publish pairs they are buying, plan to purchase or on which they maintain a bullish bias. This thread will not be about what you are promoting, plan to promote or which pairs you have a bearish bias on. If you need to submit posts on promote trades or on pairs you maintain bearish bias on, click on ‘which pairs are you promoting and why?’

Moreover, this thread will not be about who is correct, neither is it for ego or self-promotion.

This thread will not be for sign service and shouldn't be used to advertise any business curiosity.

Based mostly on the pre-week technical analyses of the pairs on my watchlist, I will likely be monitoring EURUSD, EURJPY and GBPUSD for purchase buying and selling alternatives this week. That is prone to be a short-to-medium time period northward bias. I will likely be offering the why on the EURUSD within the subsequent publish.

I could also be improper. Commerce protected and prosper.

Here is why I will likely be on the lookout for a purchase buying and selling alternative on the EURUSD within the first half of this week.

On the day by day time-frame, current value motion may be very a lot beneath the affect of bulls. The bullish piercing candlestick shaped final week Wednesday was adopted up by two candlesticks in a consolidating sample however with a bullish tone, given the character of the candlestick shaped final week Friday. The transfer noticed value motion getting into a minor assist zone earlier breached however not but flipped as resistance. There could also be an additional northward transfer to retest a extra important S/R zone across the 1.19180 space, an space that's congruent with the 50 Fib retracement of the drop from the excessive of April 17, 2018 to the low of Could 29, 2018.

I could also be improper. Commerce protected and prosper.

KP

Hooked up Picture (click on to enlarge)