CBMotivation

06:49

CBMotivation Updated 

Long term the US 30 have consistently grown for decades, so we're always going to be looking to be a buyer at the lower levels, but until those signals occur, short term we're looking for rejections on the consistent highs to sell it on the daily, 4h and 1hour timeframes. Buy around 33300 and sell around 33900 - 34000 - Look for confirmation signals before...

CBMotivation Updated 

Pin bar rejection indicates a change of direction back into the long term down trend I forecast some years ago, see ideas below. A lower risk trade would be to wait for a 50% retarcement of the Pin with the stops just above the pin bar. Negative news out of the USA is going to increase rates (and 10year yields) which is going to support the DXY bulls and...

CBMotivation Updated 

I've done a full blown video on the analysis of this trade see my idea links below and the ideas behind the pin bar reversal price action training chart (how to enter the trade). We're in a downtrend so this possible reversal so i recommend a smaller risk trade, Beginners - Take profits on the way up after taking T1, move T1 and T2 your stops to zero (No...

15:11

CBMotivation Updated 

The USA is in a political battle over the price of oil with OPEC and right now they are winning, but how low can they go? Not too much lower actually, they need to start buying again to ensure their strategic reserves remain useful and not at risk of dropping below the requried levels to support the country in times of emergency. OPEC $64 - To ensure OPEC break...

CBMotivation Updated 

There's a lot going on in the UK with a new finance minister (Jeremy Hunt) to unwind the actions of Kwasi Kwarteng who was replaced on Friday, now that was a short period in government after he created panic in the markets. And now we're going to capatlise on that again. But be patient, the markets could see this as a very favourable move into a safe pair of...

CBMotivation Updated 

The UK100 has been range bound since BREXIT, with some price action discipline a great long term profitable trade we've enjoyed for over a year. The orderflow has been perfect when matched with price action queue's when to enter the trade and exit the trade. But recent uncertainty in the UK economy (thanks to excessive borrowing and reduced taxation promises) and...

CBMotivation Updated 

This long term uptrend since Jan 2021 has been in a solid channel since the channel break out in August 2022. We're now hitting the support area (resistance from April 22), so as long as that holds we're still buyers, and given the rejection of 131.5 indicated by the Pinbar signal, (see below for how to trade the pin bar), we're now waiting for a pullback into...

CBMotivation Updated 

I've linked my EURUSD 10 year forecast "down to parity" from 2018 below, i've traded that all the way down and made a small fortune, but it was pretty obvious when you look at the global currency, DXY and central bank borrowing, and it's still going. I would suggest you sit tight now and wait for the retracement into one of the two sell zones, but first will be...

03:07

CBMotivation Updated 

We're below that point of control area right now and if you're not already in this trade, wait for a pullback into that sell area. Looking 3:1 profit on this one with a 2:1 at TP1.

CBMotivation Updated 

The OANDA:EURUSD was in a decade long downtrend between 2010 (see linked idea where I profited for 5 years). But that bear channel ended when the bull market exploded to the upside during March 20 but is that about to end? After hitting major weekly resistance at 1.22 we've now attempted to retest that high many times and in doing so have formed a Head and...

CBMotivation Updated 

The DXY has pulled back as expected into a strong area of support, if that holds expect USD pairs to respond accordingly and despite the pull back, the USD v YEN has remained strong, we need patience to wait for the pull0back into the buy zone between 109.3 - 109.7, this is a nice 2 - 4 ratio return on a 0.5% risk, just what I like to watch for.

CBMotivation Updated 

It's been a very interesting week for the global currency after CPI results posted a surprising consumer inflation rate of 5%, basically, an increase in the cost of living and the value of the US dollar is less, purchasing power declines when inflation increases. Firstly don't panic, the Bureau of Labor Statistics always overinflates the CPI value and this is no...

CBMotivation Updated 

I'm already profited from this pair a number of times since March, firstly from the weekly pin bar and secondly on the third rejection of the highs of 0.732. But there is a third opportunity to take advantage of the FOMC meeting on Wednesday, should a pullback exist into 0.7165 I will be adding to my position and looking for T1 at 0.705, each trade is a 0.5% risk...

CBMotivation Updated 

I've had a lot of fun with this pair in the past on the way down, and since we bounced March 2020 on the bottom, we've had a strong uptrend from Sterling against the Yen. A pin bar has formed on the daily chart, so a stop just below it or at 50% of the pin if you wish to be more conservative, with our first target up at 2018 high, before moving onto some...

CBMotivation Updated 

There's a great deal of uncertainty this week driven by various UK metrics, the G7, FOMC meeting and quadruple witching, so I'm expecting to see continued TVC:DXY dollar strength in the very short term. I'll be looking for an entry signal at 1.4 with targets up at 1.425 and above.

CBMotivation Updated 

With the TVC:DXY DXY giving us a pullback before the weekend and the FOMC meetings this week ahead, with no doubt more bond-buying ahead, there is potential for FOREXCOM:XAUUSD to retry for the DIZZY highs of $2,000, but we have a few resistance levels ahead first and some opportunity to take some excellent profits ahead. Important to watch the market open on...

CBMotivation Updated 

Volume is dramatically reduced across the markets while the summer holidays are in play, I shall be going on another myself quite soon, but I shall still be watching the markets. So where are we with this major pair? The Long-term downtrend remains intact with nearby resistance zone (SELL) between 1.174 - 1.186, wait for a sell signal before entering on any...

CBMotivation Updated 

Interesting pair with the constant flights to safety to and from the US$ and back again and now that Japan is considering changing it's stance on interest rates, this will create a great deal of strength in the Yen and they in turn, will join in the currency war to get some of that much-needed investor cash to prop up the economy, what keeps it going higher, the...