USDJPY is giving us some mixed messages on different time frames. For sure some people are gonna win and lose money by taking a position. I'm keeping my powder dry just for now. Later tonight (UK time), I'll see what the latest picture is like. I'm focusing on the 2H time frame for a hit.
Most of trading and investing is or should be stalking the markets for sound entry positions. In this screencast, I show that there could be an interesting opportunity for a long term trade on TATAMOTORS.
Goldman Sachs has stumbled and now there is much debate out there about what next to do. As usual some are shouting "enter long now", whilst others are saying "stay out" etc.
For me, it's very simple i.e. I just need to wait on a favourable time frame, somewhere between 2 - 6 hourly if I'm to go north. It's difficult to go short as there could be a rebellion of...
In the screncast I start off with GBPAUD on a weekly time frame and move on into much lower time frames across other pound-pairs.
The geopolical/macroeconomic picture for the UK with Brexit, creates uncertainty.
There are reliable reports of preparations for pharmaceutical stock piling, big push in logistics sector for storage of tinned food and firelighters...
USDMXN on weekly and daily charts are approaching critical positions. Some key features -
1. Price is approaching or could approach an important trend line.
2. 50, 100 and 200EMAs have been separating, suggesting the trend still has strength.
3. On there is some sign of increasing bear strength on the weekly looking at the (red) Aroon line.