Hey all! What we can see here is a very clear channel that the pair has been trading in since the Brexit vote almost one year ago. From this, we can use fibonacci retracements to outline very clear and distinct levels that the price is using to bounce off of. As of today, the price seems to be entering a rather important decision point where it may attempt to...
USDEUR: Dollar is holding up off the lows but still vulnerable whilst trapped within the down-wave. Either it breaks out and should be followed or it breaks down and should be followed. No decision to make. Not overbought now or oversold...so follow the move when it comes...
Non farm payroll has kept me away from the USD pairs as this pair will be very volatile and unpredictable in the way it moves however I have still analysed it. On the 1 hour window im expecting price to keep moving within the side trend for now and potentially come down to 1.31403 and break below down to1.31073, if not it will come down to around 1.31403 and then...
Hi there fellow traders, I hope you are all having a great day and a profitable week thus far. This week has been a rough week to trade with all the major economic news events. Last nights the BOJ announced their interest rate decision which they left unchanged and now today we have the interest rate decision from the FED. It is expected that they will leave rates...
EUR USD after flag formation view. Safe trades
Hi guys, just going to keep calling out trades as I see them. Will try to keep my directional bias as an aside though. We'll just try to find some good spots to trade and leave it at that. If it's screaming we'll scream. Anyway been looking at this a few days straight now and probably been a little too active on the lower period signals. Was really chasing shorts...
Cypher pattern on daily tf. Filled long in Asian session respectiong the pattern. Looking to add more around the flat bottom of ichi cloud (traditional one last FU move before the squeeze) Target: Flat top, ~ 0.382 fib. retrace. Notice: Flat Top/Bottom Kumos The flat top or bottom that is often observed in the kumo is key to understanding one piece of the kumo's...
The JPY's have been mostly bullish lately, so my guess would be to the upside. The next news events might help make a push to either side.
So the time is coming, this is the last chance for the FED to demonstrate that the US economy is strong enough to withhold an interest rate hike and continue to show improvements. there are many political and idealogical factors behind this decision and this is a worry to investors and speculators that think this rate hike should not go ahead and that is only...
DXY Dollar Index - short-term decision point
Did it this morning and its going to plan faster than I expected (SEE MY TWITTER) so I decided to publish it for now... awaiting for the pattern to be completed and I am going LONG for a long time! but I may take some shorties here on my way down to the 1050 area. so I quialify this as a LONG setup but there are some short positions on its way down...