UnknownUnicorn189583

UnknownUnicorn189583

Last play on this pair was speculative. This time I am looking onto the Commercial hedging reaching a critical turning point which will bring long speculative players into the game. Also looking at a few matching fib zones and the 50ma to create a support bounce. Setting a stop at the .618 zone of the swing low-to-high and setting a target at the matching .618...

UnknownUnicorn189583

Not a typical cross pair for me to trade on but I like that this trade can actually turn into a carry trade with a huge positive swap offer (Roughly $0.89 a day per 10k lot, $8.90 per standard 100k lot! This could add up nicely.). This pair has respected the .236 line as well as the 0.618 fib line zone a few times and looking for a bounce back to the 0.618 on the...

UnknownUnicorn189583

A bit of a speculative long reversal play which has burned me more than a few times already but this position is a more ideal spot to go long than my previous long position which was doing perfectly fine until news came out. Re-entering the same position just to see how it plays out. Still like this fib powered play and went long closer to structured support...

UnknownUnicorn189583

We are at a structure high and sticking on for dear life. GBP/JPY seems to have respected the 1.618 fib line multiple times with a retracement back to the 0.618 on a reverse fib retracement. Placing a trade with a 6:1 risk reward opportunity. UPDATE: This one is brewing out nicely. Setting stop to break-even. Risk free trade.

UnknownUnicorn189583

Lazy Speculative play. See a few fibs matching up in that particular zone as well as structured support.

UnknownUnicorn189583

We're getting close to the previous structure high which is currently the structure low for this short term up trend. I like the risk/reward here even though I missed the lows. 0.382 Fib level has been key for a while now and we are right at that point from the current swing low to swing high. Daily Chart Key indicators: Fib 0.382 Level. 1.1039 Structure Low...