US DOLLAR, EUR/USD TALKING POINTS:
The US Dollar is continuing to fall after last week’s NFP release helped to re-energize bears.
The USD move has helped to catapult EUR/USD to fresh two-month-highs as the pair tests a big zone of resistance.
This week’s economic calendar has high-impact releases from the US on Wednesday for inflation and Friday for retails sales...
Hello traders, hope you are all doing well.
From my last gold trade and took on board of what I shown, I hope you enjoyed the hefty 3500+ pip movement!
Anyways from the graph, a short term position looks like is going to be expected. Which will be a 400+ pip movement? I am not too sure. Anyway after that it can either go one or two ways. A breakout on a long or...
Blink aligning itself for a nice long , currently pulling back from the 60 USD region after recently printing a fresh ATH of 64 USD . Imo we have a great Buy opportunity presenting itself down in the orange box at the .66 .618 fib levels / 44-47 USD Region. This level also aligns with our Volume Profile and should act as a strong support and give us the bounce...
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The overall market in the weekly has been ranging there for a recent rejection has occurred in the weekly resistance and there's a high chance price will come back down the the weekly support. The daily chart has been respecting the 50 FIB retracements towards the down trend. Price appears to be aiming for the golden zone .5 or .6 of the FIB around so we are...
Can go long up to red line, then short down to main entry for a long term buy, as you can see the long position can reverse at 7344.9 or break through to our next sell zone. Either way we will keep an eye on it for further decisions.
I am looking at the potential for a long term buy & hold on GBPUSD.
There is a nice daily wedge pattern forming with price being supported by a lower bullish trendline and the daily 50EMA.
Multiple daily wick rejections are forming at this current zone and I think we could see a push upwards and break of the upper wedge trendline.
Risky entry = buy now and...
After a previous entry ive entered USDZAR again
The Fibo on the side which highlights the 30% level highlights when i should move my SL to BE being a swing trader i can hold trades for up to a month. so I've formulated a new strategy to move my SL to BE when a trade has moved 30% of the PIPs for TP
Last week saw JPY continue to advance adding further weight to the breakdown seen the week before
Price is currently just above resistance turned support at 124.094 and below here we have sloping trendline support the June 17 low (the two intersect, 20th Aug).
Traders not already short EUR / JPY could wait for the aforementioned levels to clear before taking...
We posted on the EURUSD yesterday and how we require a bounce from support.
The GBPUSD is no different and has a very similar structure to it.
We have highlighted the breakout bar that offered an initial long entry that we took with little hesitation as our edge had presented itself at the start of the year. Our bullish edge is defined as follows: