I identified a target and support area being at 1.1950 on USDCAD and am waiting for a possible worse than expected reading in USDCAD to enter short. Will enter 2 positions at the same time: 1) Stop loss 12 pips measured from the low of the spike 2) stop loss 50 pips Both positions have a take profit at 1.1950. Using a fast data feed for order entry. Trade...
So after keeping my eyes on the chat and on the chart BTCUSD, I noticed a lot of people expect a dump. BTC has been roughly following the same trend for a while now (red lines) and people are expecting it to bounce of the top limit, resulting in a dump back downwards. But, taking the news into account, is there any reason to believe in a dump if there's no bad...
Waiting for the news. I will wait for at least the 618 retrace and a L3C for entry. ONLY if my RR is in my favor.
Today is generally a quite day. In term of price action thus far USD is most bearish vs AUD most bullish. The tier 1 event today however is with GBP. I do not think it is going to have huge impact but nevertheless the GBPCHF is very Net Long and looks like the market in general is expecting supportive GBP data. My analysis shows otherwise and I'd like to be there...
This is probably will be my 2nd trade of the day. I don't intend to put it on yet since I may give market too much room to go against me. The thesis is again based on my expectation that CAD data is bad vs the good expectation. It is however not a very significant data and it's isolated. If market has little reaction I'm not interested in holding it for...
GBPNZD just broke a major level after The Sterlings strong news week, and will probably see more upside the coming weeks due to the news about a rate hike coming up in the next couple of months. After this daily candle close I might go long next week if the candle closes above, if not, I think we will see another candle close above at a later time. But I feel...
Good morning traders, This morning we have seen some decent numbers out of the UK in terms of CPI, PPI and RPI. These are all measures of inflation and therefore a precursor to an interest rate hike, which is what we are really interested in. We will be employing our standard news trading strategy, i.e. watch the breakout and wait for a pullback into...
For those who consider U.S. Major News Releases in trading, here are projections for the upcoming week's session: ** Projections ONLY ** GDP Growth Rate : From 2.6 to 2.0 Employment Rate : From 4.3 to 4.4 Inflation Rate : From 1.7 to 2.0 Interest Rate : From 1.25 to 1.25 Government Debt to GDP : From 106.10 to 106 Goods Trade Balance : From 43.6bn to 45.0bn /...
USDJPY is currently trading at its lowest in 2 month period. Weaker than expected U.S. data brings this pair in view of further decline. If breaks 109.9, likely bearish to 108.8 - keeping levels in mind: S1 109.90 S2 109.40 S3 108.80 R1 110.35 R2 110.80 R3 111.20 Personal analysis only. Please use your own rules & strategies prior to entering market.
EURUSD appears to maintain a Bullish trend ahead of US Nonfarm Payrolls and Unemployment Rate release tomorrow (Friday). A positive report could see a short-lived reversal, so caution is advised. However, positive or negative, the EUR appears to be able to maintain an upward trend even after the news settles. For me, BIG NEWS = Caution so sitting this one out,...
I feel we are seeing the BOE showing its true colors that the country is not as bad financially as the media is telling us. I see a revisit back to the high 1.28880 soon. We are positioned long and the targets have been sent to members.
... now resting in support area. The US Dollar is being punished by the markets today!
ENTRY DETAILS: PAIR: GBPCAD ORDER: BUY PENDING ENTRY : 1.75074 TAKE PROFIT : 1.76361
USD NEWS 12:30 PM: Non-Farm Employment Change: Forecast 174K Previous 235K Trading Idea: Forecast 174K < Previous 235K= Bad for USD LONG EURUSD
While GBP/USD swiftly bounced from it’s brief foray below $1.20, price has once again been capped by the range that you can clearly see in the daily chart The upper level of the range is definitely acting as resistance and the way it held again back in the first week of February puts Cable in play for shorts. Just keep in mind that it’s a 700 pip range and we’re...
this is a good position to take if you are familiar with news trading. I believe it would go higher than our take profit, but just to be safe, let us trade it like this. Do not hesitate to ask any question you might have. Thanks, Masih