Technically - it kind of says it all. Going to wait for a little pullback in order to go long. Fundamentally - we are expecting the Fed to cut rates which would have a negative impact on the dollar.
Based on the rally in GPBUSD, seems evident Boris Johnson's no-deal plan is going less well than expected. Where is the fair price here versus USD?
Use this as a guide to develop your own setup Main items we see on the 4hs Chart: a)Price Surpass the Maximum Historical zone and the re-enter to the previous levels (bearish Signal) b)Currently, we can see a Consolidation Structure, this kind of structures can be considered as continuation patterns c)We can see an interesting downside potential towards the...
Wow, it seems we are returning to the old times, when the divergences works. Interesting pump of FX. Interesting project also.
NZDUSD - Intraday - We look to Buy at 0.6423 (stop at 0.6388) Price action continues to be mixed and volatile for 3 days in succession resulting in spikes in both directions. Buying posted in Asia. Broken out of the channel formation to the upside. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.6498. Bespoke...
EURAUD - Intraday - We look to Buy at 1.5955 (stop at 1.5910) Broken out of the wedge to the downside. The 161.8% Fibonacci extension is located at 1.6012 from 1.6787 to 1.6308. Bespoke support is located at 1.5955. The conflicting views have resulted in the immediate outlook being hard to interpret. The selloff is close to an exhaustion count on the intraday...
Sl: 108.34 | -0.34% TP 1: 106.88 | +1.01% TP 2: 105.86 | +0.95% 50% close on target 1 at 106.88 50% close on target 2 at 105.86 with changing the stop loss to break even at the buying price
The ECB is expected to do 4 things: cut rates by 0.1% to -0.5% (1), with the mitigating measure of tiering (2). Furthermore, the market expects and extension of forward guidance (‘at present or lower…well past the horizon of net asset purchases’) (3); the market expects the reintroduction of QE for 12 months at a pace of 30-40 bln per month (4). The market is...
My details: Setup -> Expanded Flat Correction (Wave Analysis) Entry @ 0.99590 (Sell limit) Stop loss @ 1.00350 (76 pips) Target @ 0.97540 (205 pips) Reward:Risk = 2.7:1 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form...
My details: Entry @ 1.09450 (Buy Stop) Stop loss @ 1.08900 (55 pips) Target @ 1.10570 (112 pips) Reward:Risk = 2.04:1 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
My details: Entry @ 1.06940 Stop loss @ 1.07000 (6 pips) Target @ 1.06820 (12 pips) Reward:Risk = 2:1 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
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 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 positioning them...
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 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 positioning them...
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 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 positioning them...
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 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 positioning them...
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 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 positioning them...