Waiting break this resistance and buy on retest.
It's A possibility to make profits.
Attention please. It is not a forecast, I`am just wondering if is possible.
Seeing as today is Canada day (sorry), and it's about to be a big fat 3 day holiday in the US my view is that everything US is going to rise today in value in preparation for the break.
In the case of the USDJPY I am currently now open with 100 points in fx spread LONG with the red horizontal ray at 102.3 dictating my stop.
Not really sure how far I want to let...
So it is the day of. The day of no return. The day we find out what we all knew to be true from the start...... The UK is going to STAY.
So, during the build up this morning, DO expect 100-150 PIP swings.
DO expect havoc on open trends. Fake breakouts. Fake reversals.
The moment the word "Remain" is uttered get ready for the largest move up in price for GBPUSD...
Don't lose out, don't try to get too clever.
The direction right now is DOWN to fill the void of the recent spike.
Will the UK stay or leave? Don't know, don't actually care.
All that matters is that we monitor and FOLLOW the patterns of price.
Should the UK remain hit the reverse upward trend as of tomorrow when the referendum is done.
Should the UK leave keep...
After scalping out over 400 pips this week alone it is clear to see that truly what we have here is an opportunity to continue to rake some profit in.
On a binary options level we need to target 15 minute spot positions in order to keep the risk down.
Nice indication for a big reversal to come perhaps?
Looking at the European markets today it is clear that uncertainty is truly king. These are some of the largest market price swings that we have seen since the last true market collapse.
Truth is, with monetary policy in Europe and in fact Asia as well, the only "cure" so far, has been to print and print and print further currency. To push and spend and get into...
Does it get any better than trading on EURUSD on the NFP Friday?
With such strength within the US market and such instability within the European sector we strongly recommend you get in on this action today.
Short term signals are very SHORT based. Everything long term from end of day and end of month is all LONG.
Get in touch for more banter!
The FED will address the issue of interest rate % very shortly. With such a strong Dollar market the question most of us are asking concerning the S&P500 is whether or not we may finally reach up and break through the all time historical high of around 2130?
Personally we feel that is highly unlikely, and instead we will see our lower level fib lines reached and...
Every time we see a new Brexit poll or a EUR based calendar event GBP/USD is taking a bashing. HOWEVER, the overall trend for GBP is pointing skyward and we truly believe this asset is massively oversold.
Buy now, hold LONG and feel the profit! We are predicting over 250 pips of positive movement over the next week or so!
Come and check out our trading team on...
USD/CAD has been in its descending channel making lower lows, and lower highs, along with a key level of resistance being tested as a triple top, and a textbook ABCD extension pattern we are expecting lower lows to be written. Fibonacci 61.8% support break will trigger my shorts. Target is 1.2830 which for me is the last support before a big bearish downside move...
Not the greatest setup
but one to start the week with great risk reward :)
reasons for
1.Price has come back up to previous support trend line and has shown imediate affect
pushing price down
2.price created a bearish engulfing
3.Looks like price just made a correction and now is ready for a big drop
also remember the trend is your friend :)
Here we see a solid Cypher pattern on the dollar index. the reason i have elected this trade is because the cypher pattern here suggests the market will complete the larger crab pattern on the daily chart.
I believe that this completed cypher pattern will rally short all the way down into the 1.618 extension of the BC leg.
I have placed my entry at the lowest...
