I was nervous on this one as price nearly reach the stop loss at the top of the red zone!
We are now in profit and instability in Spain is looking to keep investors spooked which should benefit the safe haven Yen, I am skeptical on the longevity of this short option however I expect that we can take 50 pips for target 1, move to breakeven and let the other...
Another good trade with target 1 hit and a total of 100 pips on the board for this week. Target 2 and beyond continue to run as stops have moved to breakeven removing any risk from this trade.
For how this trade was found, analysed and managed see the linked idea.
Target 1 achieved with 50 points now on the board from entry 1. Additional entires continue to run towards 0.92500.
Stops can be moved to break even to protect the trade, profits banked, all in all a good trade for us to start the week!
Please see the linked ideas to discover more about how I spotted, analysed and set up this opportunity and thank you all for...
Fantastic result for us this afternoon, if you had taken the advice with an entry at 1.14909 you'd have seen price rise up 80 pips a few minutes ago.
Let's hold the trade with the target 1.16200 very much in sight. The market is likely to pull back so hold your nerve, move your stop to breakeven and wait it out.
Long entry points are:
Target price: 1.16200
I Suggest orders at each point with a 10-15 point stop loss, we are trying to catch a falling knife right now with price in decline so risk should be proportionate. Alternatively set price alerts and wait for a double failed re-test of either level to begin buying.
Well done to any of you that acted on yesterdays analysis. We saw a perfect retracement at the 61.8% level for an ideal entry.
We now wait for price action to reach the green 'Target Zone' to close the trade with a good amount of pips.
It's likely we'll see price struggle to break above the previous highs and another pull back opportunity should be...
Simple one, EUR/USD closed above a key weekly resistance level last week and we should expect further upward bias.
You can see the set up with a clear option to go go long in the greenzone which is supproted by key fib levels and historic price action.
Quick recap and yesterdays set up which netted 30.2 pips.
As per the short set up, currently short and monitoring price action towards the green box where a break lower opens a host of new bearish targets.
Today saw FX:EURUSD fail to make any new highs and in fact it is making lows on an hourly chart and bullish price momentum is currently on the...
EUR/USD took a tumble today after reaching fresh highs and potentially breaking out of current the multi-year range.
The fall was due to comments by FED Chair Janet Yellen compounded by price breaking the key phycological 1.145 level which was a prime level for the bears to re-enter and take control of price direction.
I anticipate that the bulls...