High Probability Forecasts on majors / crosses

[pro4Xtrader]

Hello fellow traders!

This is my first post and I would like to start a trade journal where I can share my trading ideas where I am always open for any comments, feedback and suggestions.

The reason this thread called "high probability" is because I'll try to share only cherry picked setups here.

Hope this will be a hot and friendly thread!

Regards,

 

[pro4Xtrader]

Ok I have several forecasts for you lets start with NZDCHF

 

[pro4Xtrader]

At the same time NZDUSD with the wide rage, could form a triple bottom

 

[pro4Xtrader]

And Finaly for today look at the EURUSD

Very bearish in my opinion and it has more less same downside potential as NZDUSD - 200 pips. That would make a target around 1.0440 before/if it finally reverses up for mid/long term.

 

[pro4Xtrader]

The latest idea is on CHFJPY it appear to have some upside potential along with all JPY pairs, especially USDJPY

 

[pro4Xtrader]

The EURUSD still looks very bearish and it just hit previous support area which is now should act as a strong resistance. Overall I’d expect it to drop to 1.0434 by 23th of April

 

[pro4Xtrader]

Clearly there is a long term uptrend on GBPAUD that appears to be still valid. I am expecting rate to continue rising targeting 1.9737. Target should be reached either by 7th of May or 7th of June.

 

[pro4Xtrader]

Although GOLD long term uptrend could have started, on the smaller timeframe it looks like it should correct back to 1168.

 

[pro4Xtrader]

US Oil – WTI just hit my upside target at 56 USD for a barrel. Not its an interesting level that should be monitored. Breakout above should trigger further extensions up while if rejected correction will take place.

 

[pro4Xtrader]

NZDCHF after forming a double top has very high probability of correcting down. I think we’ll hit 0.7235 by 23rd of April… yea we could see pretty fast drop.