Over the past few weeks, GBPUSD has been channeling after it broken the downtrend that started from the last of this month. This is a pure technical momentum based play, where im expecting price to test the high it set lsat week. Price target is around 1.5640
With a breach of the aforementioned acceleration channel early in the session we've captured our first downside target of 2114. Projections were highly precise today calling for weakness throughout the session with an upward bias after 3pm. While new all time highs are assumed at this point as a function of market structure, the near term weakness is likely to...
Again same anaylsis n rationale for all trades posted today. Expected Price Target 0.7190
Again another trade which is line with today's moves. Yesterday was very quiet but volume is finnally kicking in for the week. Analysis and rationale is the same for all the trades today. Expected price target 1.4831
Same anaylsis and rationale as the USDCAD play which is in line to the euro bullish we are currently seeing right now. Expected target around 2.0070
As i'm bullsih on the euro pairs, it means im bearish on the opposite pairs like the USDCAD. Same rationale as the EUR trades just in reversed. In this case the upward momentum from the start of this month is broken n now i'm expecting a sell off. Target around 1.2880
Again everything in line with all the intraday pairs today and the eurusd is no different. Downtrend broken and now expecting bullish momentum. Price target 1.0940
Just entered 20mins ago and this is in line with all the long trades i'm taking n posting for today. This is more of a channel breakout without any clear trends as i'm still bearish on this pair on a daily perspective. Expected target is around .7480
This is very simialr to the EURGBP trade i posted as also the downward momentum stemming from the greece situation since the start of this month has been broken and I'm expecting bullish momentum to arrive. Expected Target is around 135.90
I placed this trade hrs ago and Im abit late posting this as i had some things to do tonight. This play is very straight forward as the downtrend that started this month due to the whole greece situation is broken which is highlighted by the yellow box. I waited for confirmation that potential bullish momentum to come in then entered in. Target around 0.7020
I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box. Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume...
Gold made its high in 2012 and since then has came off considerably.. For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming. With that in mind, I'm anticipating a further sell off in gold with a expected target of...
Good morning everyone. We currently stand poised at a major inflection point that would appear to be the dividing line between new ATH's or a trip back below 2040. Greece is saved 'again' and all seems quiet on all fronts at present. This makes one think "well, what could possibly go wrong?" Below is the link for daily/weekly market projections and commentary....
Abit late posting this as i was posting my other euro pairs play but this is another pure technical based play. As of now it is in a clear channel without any kind of clear direction atleast on a intraday basis and I am trying to scalp around it. I originally entered in the yellow box area so i'm a little late posting this with a expected target of around 0.7065
Euro pairs in general are currently selling off as we speak. There are some support areas that could potentially be tested n maybe broken (the green box), but as of now, I'm playing the momentum of this move with a expected target of around 134.25
Another Technical play in conjunction of Janet Yellen currently speaking about interest rates. It was a quick move as I write this b/c of Yellen and this is another pure technical based play. Anticipating upward momentum with a target of around 2.1180
This is purely technical as there still alot of confusion surrounding this pair b/c of everything going on with Greecel. The 4hr Chart is showing downside selling momentum and I am playing that selling pressure on the hourly chart. Expected Price Target is around 1.0890
We pushed up into the upper range of our target zone today capturing the 78.6 retrace and the 1.382 extension of wave A. We are also at the mid point of our daily timing cycle so we are expecting the decline to commence soon. Below is the link to this evening's and tomorrow's MSP's (Market Structure Projections) Good luck and profitable trading. mcm-ct.com If...