Jezuz FUDGE!
NKY looks really ugly now. I am shorting it You don't have to.....but save your longs until more reasons to go long emerge
We have an interesting setup in GBPSGD, look to enter longs at market open, on dips to support or if we get new highs. There is potential for the weekly uptrend to resume as well, but ideally we'd want to see price move in our favor right away. As usual, risk a max of 1-2% on this trade if you take it. Stop loss orders should be below Friday's low to be...
CHF too expensive in EUR terms I expect a rate cut by the SNB.... if not...they will intervene directly.
Awaiting a pull back and an exhausted bull candle to trigger a sell. It isn't clear if price will simply continue down or pull back to allow an ideal entry however keep an eye out as price approaches the 50% fib as it's likely traders will liquidate short positions which will allow for a pull back and re-entry to the downside. Brexit fears and what I expect will...
GBPUSD has hit the monthly downtrend target, and formed an uptrend setup in the 3 day chart. If not in, there're a variety of ways of joining this trend, via either some kind of options on currency ETFs, or going long GBPUSD with a wide stop loss (ideally on a retracement, but might not happen for a while) or any GBP cross with a suitable setup (I'm in GBPAUD...
We can look to capture some upside in this pair. Currently lagging GBPUSD, and offering indications of a potential bottom. We have landed on the recent monthly uptrend's mode, currently finding support and evidence of the bulls getting involved here. A resumption of said uptrend seems likely. If you're not long, you can enter at market with stops under 1.8257...
Talking Points: GBPUSD Technical Strategy: Keeping Bearish view Elliottwave Count: ZigZag Correction will be our primary choice in count GBPUSD Start showing divergence on daily bearish trenline and 240min newly created bullish trendline. Current level 1.4650-1.4700 is 100% expansion of zigzag and also testing horizontal resistance. Long term trend...
After an extended decline since the 2015 high, it appears like GBPAUD has hit rock bottom. I'm long from 1.85243, and added today at 1.85526. I expect price to retest the low volume resistance at 2.00 in the intermediate term, and possibly aim for new highs if we break this level in time. If you're not in the trade, try to enter at market with a 3 times the daily...
GBPAUD is tracing a nice steady downtrend, and recently has formed a nice consolidation, which has given way to a time at mode downtrend setup. We can go short here, odds are very nice and we have a lofty target to benefit from if the trade works. Entry is at market and stop losses should be 1-3 ATR, or placed above 1.85541. If interested in my trading signals,...
Pound is continously dragged down by Brexit fears and soft BoE comments, hence the larger trend is still bearish. However CPI 's are picking up in the UK limiting the space for further dovishness of the Bank of England. Note: not a particularly high probability setup. Recent high volatility can lead to a quick stop out or a T/P reach.
Looks good just ripe to fall any time soon. Enjoy!
I expect Euro & Chf to get stronger in coming days. And from R:R point of view this should be taken by experienced traders.
The Pound has been supported, while tracing a triangle, which is characterized by the lack of a clear trend direction. Rgmov has been in a downtrend, suggesting that every overbought rally was a short, which has been the case. Currently, price is breaking below the weekly mode, which is 11 weeks long, and soon to be 12 after this week's close (unless we expand the...
Not a trade but simply our thoughts. If 14060-80 area hold on a daily close bases then It will Bounce for for 150-200 pips and above. If not then next area of support coming around 13870.
Very nice potential longs setting up here, next week we might get nice confirmation to add to longs. For now, this is a rather low risk entry, going with the trend in the daily. Risk half on each. Short term timeframes show good momentum building up, and I see equities continuing to be bullish for a little more upside (S&P500 to retest the downtrend mode at 2082...
Simple, price at 52 week EMA, if we close under the mode this week, this will start a 16 week downtrend. We can use an extremely tight stop producing a 27:1 r/r trade if we reach the extreme target. Good luck! Ivan.
Price action heads towards 1.44 for a test or the daily trend line and resistance at 1.44. Looking ahead we have BOE governor Mark Carney speaking on Tuesday and UK Manufacturing data out Wednesday and both can be seen as catalysts events to drive price above 1.44 or back down. Look out for each news event as equally appealing trading opportunities are likely to...