Weekly Forex Trade Setups – April 20th – 24th 2015

EURUSD – Euro/dollar forex trade retraces, but bearish bias remains

The EURUSD moved higher last week, retracing up on some of the previous week’s move lower from key resistance up near 1.1050. We are still bearish on this market and whilst it’s below 1.1050 we will look for price action sell signals from current levels up to 1.1050 to rejoin the overall downtrend.


GBPUSD – Sterling/dollar shoots higher but still contained under key resistance

The GBPUSD moved significantly higher last week after briefly falling to new lows in the downtrend. Price is still contained under key resistance up near 1.5135 area. We can look to sell from there either on a blind entry or a price action signal should price move up and test that level this week.


AUDUSD –  still confined within trading range

The AUDUSD pushed higher last week as it bounced up from key support down near 0.7560. This market is still clearly oscillating in a trading range with resistance near 0.7915 and support near 0.7560. If price makes it back up to the upper boundary of the range near 0.7900/15, we will look to sell there in anticipation of another move lower. However, we would wait for a confirmation sell signal there before going short.


Next week forex scalping intraday swing trade audjpy

A possible trade in audjpy for next week

double top at previous swing high and resistance at 93.05 and 50-days SMA.

Trading suggestion:
1.Take the trades in two parts
2.First part would be closed at first TP target
3.Stop loss is then moved to break-even
4.Second part would be closed at second TP target

If 90 percent of first target is reached without triggering entry I cancel the trade
If 90 percent of first target is reached I move stop loss to breakeven.


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Forex scalping gbpjpy Frankfurt open 17 4 2015

Good morning everyone,

The general trend in gbpjpy is bearish but the last four days the pair made a reversal in the daily chart.

Last night the daily candle came back and touched the falling trending line and this fact we took advantage.


A forex scalping trade with possible intraday swing trade for a total profit of approximately 250 pips if it retest the lows.







Forex scalping in New York session eurjpy

Good evening  everyone,

We have a  forex scalping  in eurjpy in New York which is currently in +30 pips and we will close it.We choose the entry due to the fact that in this time waters are calm and yesterday daily candle was a hansom pinbar. EURJPY was in a calm consolidation and the small breakout developed nicelly.


I have entered in 128,005 and I am taking profit in 128,38


Forex scalping with Archemedes


I have add some positions in my gbpjpy short forex scalping and defended the Archemedes box on the opposite side in 176,70

Currently we are at +30 pips and we will close the scalping in order to proceed with the swing trade if it comes.

Stop will move in breakeven for the next level.

Forex Scalping the gbpjpy


We are at the point were gbpjpy is retesting the breakout point that happened at 10.25 in London open this morning.

So we can enter for forex scalping with minimal stop loss of 15 pips and take a scalp of at least 10 pips.This forex scalping can lead us in a swing trade since we are scalping in the daily candle direction.


Possible short forex scalping

Wait for a retest in the support break and enter short for a forex scalping intraday and swing trade with  a three part order.
Ten  pips for forex scalping , 20 for intraday and 90 for a swing trade.
After you hit the forex scalping target bring stop to breakeven.
Shorting on support break within the context of the overall bearish trend

Scalping Forex AUDJPY 14 4 2015

Today I have sit in my hands and I didn’t took any trades in the morning and not in US since there was news for the pound and the dollar.

I was waiting the waters to calm in order to jump in.

I found a scalping forex opportunity in  audjpy in 30 seconds chart with divergence which can lead in intraday or even a swing trade.

Took the first 10 pips as scalping and let the rest to breakeven.

Stop loss hit for the remaining 2/3 after this.

Have a nice evening





forex scalping in gbpjpy 13 4 2015


GBPJPY has bounced from the lows this morning and reached the 50 percent fib  retracement of the daily chart

forex scalping the daily candle

around 12.30 Greece time.

In 5 second chart


a consolidation appeared in the 176,50 area and a divergence in 5 min chart


so I shorted the pair for a forex scalping and took 12 pips on the supporting rising trending line.



nzdusd perfect forex scalping

Good morning everyone,

Here is a nice setup for the next week in nzdusd.

Buy the triangle breakout when it happens

It will be goodfor forex scalping initially but then you can leave it with stop loss to breakeven and let it run.

forex scalping nzdusd
forex scalping nzdusd

Watch the daily results here


The following are the latest weekly positions updates on Societe Generale’s FX Quant Fund which runs systematic currency strategies by SocGen’s quant analysts.

The risk on board the SG FX Enhanced Risk Premia remains very limited as the models have scaled down even the few more sizable positions. During the week, the long dollar position has been increased mainly at the expense of the NZD and AUD. The biggest longs at the moment are the dollar, NZD and NOK. The most sizable shorts are the SEK, AUD and EUR.

The short position in the AUD/USD and the long position in the USD/SEK have remained the USD crosses with the highest combined momentum and IR-driven FX signals. The standard SG Sentiment indicator has dropped into the risk-averse zone.

Based on the adaptive (tailored) version of the sentiment indicators and the relevant time-series signals, we have a long exposure to G10 carry using 35% of the risk budget, to Asia carry using 25% of the risk budget and to EM carry using 50% of the risk budget.

Forex scalping trades from Basil Blazer