Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
We take a look at the AUDUSD, EURUSD, GBPUSD and USDJPY for trading opportunities after the USD comes under pressure from weaker than expected manufacturing data
alot more shorting i see this falling very low same pattern showed before huge drop
Weekly Chart Explanation: - Price bounced on the Descending Trendline before starting its down path. - Now, it is against an important Ascending Trendline that was tested three times in the past and could not break it. - From here, price may follow two paths. It may break and start a violent down move or it can bounce from here and test the Descending Trendline...
EURUSD - Intraday - We look to Buy at 1.0924 (stop at 1.0894) Broke the sequence of 2 negative daily performances. Bespoke resistance is located at 1.1026. The previous swing high is located at 1.1024. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. A break of bespoke resistance at 1.0960, and the move...
The AUD has seen a very tight range last week, across the board. Tomorrow we will get the RBA's decision and that will likely be the catalyst for a pickup in volatility. We believe the odds are for a dovish hold...which might disappoint the markets. Last week RBA Governor Lowe noted the difficult external environment, but he also repeated three times that the...
NZD was hit hard after ANZ Activity outlook fell to -1.8 (lowest since 2009) and business confidence fell to -53.5 (lowest point since 2008). We like selling NZDUSD in the 6270/80 area looking for a break of recent lows, which would open up further downside towards 6200.
hey traders, nzdusd is standing on a 6 years low on a weekly. recent false breakout of a previous structure low on a daily leaves us clues that bearish pressure is exhausted. currently, the market is started to contract within a symmetrical triangle formation - a clear indication of high indecision. though according to a common rule, we trade such...