Forex Majors | Intraday Signals | BUY/SELL Orders | August 2019
Forex Majors | Intraday Signals | BUY/SELL Orders | August 2019
Entry / Stop Loss / Take Profit levels
Markets: Forex Majors
Forex Majors have been showing signs of high volatility recently, which signifies that a larger degree trend is awaiting its turn.
The DXY peaked with the start of August and then has shown a deep and sharp drop, labelled as Minor A (red). This alone, cannot be the entire swing, and the bottom, if the USD would have more to show on the up-side.
However, the expected bearish leg would need to be watched closely, as the next signs could pave the way towards a much clearer picture.
A larger view would explain this better, here’s what I mean:
DXY – Daily Chart (picture)
Dollar Index (DXY) Overview
DXY – 2H Chart (picture)
As the USD was getting ready to go bearish in early August 2019, I’ve been tracking the Forex patterns daily, via the “Wave Counts & Updates” section.
After the sharp fall, the DXY has been unfolding within what appears to be a corrective structure, which has been labeled as Minor B (red).
Minor B (red) topped out at some significant levels, where the Fibonacci percentages align. These Fibs are not only in sync with the Elliott Wave sequence, but with a Bearish Harmonic as well.
The drop that followed in late August has been labeled as Minor C (red), and would be expected to extend lower, in a five-wave sequence.
This bearish leg would need to be watched closely, as the next signs could pave the way towards a much clearer picture.
DXY – 2H Interactive Chart
(click to open)
Forex Majors – BUY/SELL Orders
EUR/USD – 2H Chart (picture)
EUR/USD – BUY Orders
Aggressive Entry @ Market Price (Approx. 1.1120) with SL @ 1.1050
Moderate Entry @ 1.1095 with SL @ 1.1050
TP @ 1.1200 / 1.12745 / 1.1350 / 1.1412
EUR/USD – 2H Interactive Chart
(click to open)
GBP/USD – 2H Chart (picture)
GBPUSD – BUY Orders
Aggressive Entry @ Market Price (Approx. 1.2220) with SL @ 1.2750
Moderate Entry @ 1.2155 with SL @ 1.2750
TP @ 1.2400 / 1.2550 / 1.2750
GBP/USD – 2H Interactive Chart
(click to open)
USD/JPY – 2H Chart (picture)
USD/JPY – SELL Orders
Aggressive Entry @ Market Price (Approx. 106.00 with SL @ 107.25
Moderate Entry @ 106.25 with SL @ 107.25
TP @ 105.00 / 104.50 / 103.00
USD/JPY – 2H Interactive Chart
(click to open)
USD/CHF – 2H Chart (picture)
USD/CHF – SELL Orders
Aggressive Entry @ Market Price (Approx. 0.9781) with SL @ 0.9900
Moderate Entry @ 0.9813 with SL @ 0.9900
TP @ 0.9700 / 0.9600 / 0.9550 / 0.9435
USD/CHF – 2H Interactive Chart
(click to open)
Commodity Currencies – BUY/SELL Orders
USD/CAD – 2H Chart (picture)
USD/CAD – BUY Orders
Aggressive Entry @ Market Price (Approx. 1.3290) with SL @ 1.3240
Moderate Entry Entry @ 1.3280 with SL @ 1.3240
TP @ 1.3360 / 1.3420 / 1.3450
USD/CAD – 2H Interactive Chart
(click to open)
AUD/USD – 2H Chart (picture)
AUD/USD – BUY Orders
Aggressive Entry @ Market Price (Approx. 0.6965) with SL @ 0.6895
Moderate Entry @ 0.6930 with SL @ 0.6860
TP @ 0.6835 / 0.69270 / 0.69850
AUD/USD – 2H Interactive Chart
(click to open)
NZD/USD – 2H Chart (picture)
NZD/USD – BUY Orders
Aggressive Entry @ Market Price (Approx. 0.6380) with SL @ 0.6320
TP @ 0.6500 / 0.6585 / 0.6635
NZD/USD – 2H Interactive Chart
(click to open)
Safety Measures:
- Moving SL to break-even when in the green.
