Relatively good sized trade I've picked up on this afternoon. Theres a couple resistance levels to take note of, the first one will be a retest before the price drops. This would not be an active trade until that resistance line is retested. Potential profit levels marked. Simple trend analysis trade.
I'll be looking for long trades as price reacts to this daily support level. Let me know your ideas down below :)
This would be the 5th trading halt we've seen over the last two weeks. WE MUST BE CAREFUL
DXY -> Strength EXY -> Weakness We entered yesterday and are sitting at roughly +42pips profit. Still potential for a breakout to the upside, this would require something big with either the US or Europe (very possible) with the ECB's "announcement" coming soon. Rate cuts will continue this month. Likely going negative. Can join us now or wait on further...
Will EXY continue to the upside or take a detour back and take a final test at the lower trend/support line? EXY is a main player this week in our trading pairs.
Don't mind the complete mess of a chart, we just got done giving a lesson on index TA. DXY bearish this week!
Our short was executed perfectly with 215+ pips locked in. But now where is GPBUSD going? If we take a look at BXY (GBP Strength Index) its rather unclear, we have a bias to say that GBP should fall with the brexit dealings. Take DXY (USD Strength Index) however and we can see a clear path to weakness. What we think could happen is a 2-5day drop down to the...
Would prefer to see EURCHF test the trendline, however we are long in EURCHF. EXY (EUR) looking bullish longterm. SXY (CHF) looking bearish longterm.
Support is in for EXY (EUR) we should expect to see EUR push to the upside (may have one more drop first). DXY (USD) should continue to drop this week.
possible short option im in 7.00 lots
Are we due a retracement, it is a very heavy move that has done well over the past few days. Hard to rule out that we have turned bullish but there is certainly opportunities within this to accumulate some more before possible moves up...
KISS -> Keep it stupid simple DXY (USD) weakness coming CXY (CAD) strength coming
AXY looks geared up for a significant move to the upside *strength USD (DXY) might push up a little bit more before retracing *USD weakness Might be early on this one, but SL is tight and TP to SL ratio is good.
Could see a bounce, retest, then continuation to the downside or Could see a clean break lower Waiting for confirmation.
Previous Short Setup Netted Us Over 222 pips profit. *All in orange! New setup would be a long either from where EJ is at now or after another stretch to the downside at one of the next support levels. EUR (EXY) -> Could go either way, but the data suggests it will gain strength. JPY (JXY) -> Should see a correction to the downside by later this week, could...
CADCHF, will need more confirmations and a dive into the H4 timeframe before making any trades. Somthing to watch this coming week. Retest expected before continuance of new trend.