Time for my first idea of 2021.
We all know battling the virus has been tiring so promise yourself's one thing this year. Don't be battling against the markets too!
Consider following the markets with the trend base script I use.
Here we have a short trade on NZDJPY working the 2H time frame.
I trade this pair by working to a take profit target with a stop...
The trade idea is perfect with a solid 2.5 RR.
Im trading a contraction leading to a key trading level... which is supported by global uncertainty and weaker USD fundamentals.
I just went long on NZDUSD with what is most likely a contraction breakout.
Remember that I only trade 1 pattern across all markets, FX, Commodities, Stocks, Indices, Crypto.
TECHNICAL INTEL: Trading a contraction which has made a breakout and re-test already. A double bottom was achieved at the re-test.
FUNDAMENTAL INTEL: NZD and AUD are quite affected by the...
Attached is our analysis from last week predicting Aussie dropping PIPS like flies. We expected the reversal to come sooner from the Supply zone drawn on the chart in Red, where the green circle is but entered when price retested the 50 FIB and formed a 2x Top and then broke through 38.2 FIB. Wish we entered on the retested 2x Top neckline but can't always be in...
Falling Wedge about to breakout
First entry on breakout of previuos high and re test, second entry is optional if price goes to test previous wedge resistance line
The USD has had its fair share of weakness this year., the exact opposite of the US Stock Market.
Statistically, Republicans have a weak US and Trump, being a Republican, is of the same belief. Since he was elected I waited for every good opportunity to sell the USD and today is that time again.
The above screen-shot of AUDUSD is but one example of the...
The Euro seems to be losing steam as there are excellent trading setups across virtually all Euro trading pairs. For example, EURGBP suggests that we have a nice 100+ short-term-drop coming.
There are two events that could affect the market today,
- Euro group meetings
- Theresa May attending BBC show today
The rest of the movement is all based on technicals.
The pair has been trading in a weekly channel for a long time, more specifically, since mid 2015, there are no good reasons for the channel to be broken but there are reason for price to chill out and stick to the trend line for a little bit longer... this is a TREND trade. I am in, but I am looking for at least about 200 pips in gains over a matter of few days...
