BrownBearTradingco

BrownBearTradingco

Stall at current levels with Retail Short EURNZD. Contrarian View Long with target at next Resistance Level. Reward to risk over 3:1.

BrownBearTradingco

Current Breakout Low on 15M Chart with Retail majority short positions. Contrarian Setup with 1.8:1 Reward to Risk. Target Value area High of recent volume cluster

BrownBearTradingco

Current retail sentiment is long and Breakout long on chart. We are contrarian to retail traders and are targeting Short the low of volume profile Value area Low. Reward to Risk is 1.75:1

BrownBearTradingco

High RR 5:1. Price showing signs of exhaustion. Entry 4157

BrownBearTradingco

Break down to weak stops area. USD will continue to get stronger after FED announcement and other countries raising rates. Strong 5.5:1 Reward to risk.

BrownBearTradingco

Higher TF Breakout and Retrace. Looks to be a possible reversal. Tight stop on this one with very strong reward to risk

BrownBearTradingco

50 level seems to have stopped EURGBP in its tracks. As we near the end of day I would expect some profit taking and directional move to the next support level down at .8513

BrownBearTradingco

BOE rate announcement was a total crazy show today with the Bank failing to deliver on their anticipated rate hike. Whats worse was the wording. BUT, Opec just announced they would be increasing production on Oil, which has to hurt CAD. This theme should be traded in the second half of US.

BrownBearTradingco

Key level of 1.2409 rejected. Very tight stop if this continues up. Strong reward to risk

BrownBearTradingco Updated 

Asia is where the big players shake out the weak positions. I see a move up back to a stronger reversal level. Strong RR at over 3:1

BrownBearTradingco Updated 

Markets looking positive which should buoy all Yen Pairs in the long direction. Resistance at 156.41 and if Profit target Hits I will reverse in the opposite direction

BrownBearTradingco

Hesitation by the Fed and 50 basis point interest rate raise for Poland. Should be an easy move down until Powell decides to be tougher on inflation. Strong Reward to risk although this trade will take about a week to play out. Keep an eye on any FED move for an earlier exit

BrownBearTradingco Updated 

Hit level of resistance at .9208. Closed my short and reversing long to the original breakout level of .9226. Over 3:1 Reward to risk on this trade.

BrownBearTradingco Updated 

Australian dollar weakness from RBA statement with guidance abandonment, and CAD propped up by Oil prices. Move down to the figure

BrownBearTradingco

Price spiked during the US Lunch time period, showing a stop hunt to the 1.2420 level. As you can see, price has moved back to original entry price. Looking for the stops in the opposite direction around the 1.2320 level

BrownBearTradingco

Oil will continue the move to $100, which should keep CAD fairly BID. Late in session and seems the level is holding as top was rejected already earlier in the session.

BrownBearTradingco

No meaningful data to move Euro lower after some strength from last week. Level looks to have been established just above 132.00

BrownBearTradingco

6:1 reward to risk on this. No change from ecb and Oil going to continue to rise. Cad should benefit. Seeing weakness creeping in on this pair. If stop hit, I will enter short again upon further weakness