Been waiting for confirmation for this pair after seeing the shooting star candle in the weekly chart. Setting up sell stop order at previous period -38.2 fib with first TP at -100 fib and 2nd TP at -61.8 latest fib line. Need to be careful of upcoming volatility though esp during CPI and crude oil news tomorrow. Also still not sure if this is simply a temporary...
Continuing to ride the bullish trend mainly driven by the new NAFTA agreement last Wednesday, but still need to be careful about risk of getting whipsawed especially CAD Ivey PMI news tomorrow at 2pm, and CHF CPI news on Friday. Closely monitoring possible breakout of this pair at 0.77144, and will either setup a buy stop @0.77297, or wait for bounce (safer...
Riding the recent bullish momentum on GBP after Ireland declared support to Theresa May's Brexit plan. Buying with TP near 1.30 (68.2 fib level) and SL @1.28651 (previous period 68.2 fib level). www.express.co.uk Daily: Weekly: Confidence: B (more likelihood of reversal because of strong downtrend on higher time frame -- aka I might have gotten too...
Riding the recent bearish trend after worries regarding Italy's budget eased a bit (market seems to be back to risk-off). Waiting for a breakout and will manually enter past 115 if hourly price action shows continued bearish momentum, with 1st TP near @114.5 (-100 fib level in hourly and daily charts), and 2nd TP @113.3 (0 fib level in hourly, daily and weekly...
Riding this current trend mainly based on price action, but have to be careful because oil seems to be recovering, as well as there's still risks from on going trade war. Entered short stop order with conservative SL at -61.8 old fib line and TP few pips below 61.8 fib line (38.2 old fib line). www.forexlive.com Daily: Weekly: Confidence: B (because of...
Quick counter-trend attempt in EURAUD to hedge my short AUD positions as well. Shorted this pair with tight SL near last Friday's high and TP at -61.8 old fib level (but most likely will move my SL or manually close if price indeed drops as expected then suddenly start to show reversal at 0 fib level (yellow marker). Daily: Weekly: Confidence: C (because...
Riding the gold recovery after being oversold (RSI on weekly chart) for weeks, taking advantage of current USD consolidation and price action confirmation on the weekly and daily charts, and most importantly its fundamentals which supports upside reversal (barring any manipulation from banks), esp its increasing demand on tech sector. Setting up buy stop order few...
Still bearish in AUD in general despite their new PM because of risks from US-China trade war, and slightly bullish in CHF for the same reason. Entered a short stop order with conservative SL between 0-38.2 fib lines and TP @0.71428 (weekly support). www.poundsterlinglive.com www.dailyfx.com www.forexcrunch.com Daily: Weekly: Confidence: B (because of...
Riding the bearish breakout on my fib lines by setting up a short stop order for this pair with TP @1.50 (psychological support) and SL @1.515 (few pips below the 0 fib line), but must monitor closely because of recent bearish sentiment on oil and CAD. forextv.com Daily: Weekly: Confidence: B (must close before the CAD trade balance and US NFP news tomorrow).
Same reasoning as EURCAD trade (capture possible drop in price to 1.50 psychological support by end of trading week). Setting up short stop order with TP @1.50 and SL @1.5604. Must monitor this closely as well esp since higher risk of getting whipsawed for this pair (1.55 is psychological resistant which makes the price "sticky" to it). Daily: Weekly: ...
Just same logic as EURCAD and EURCHF, taking advantage of riding the possible bearish continuation up to psychological support in the daily and weekly chart @1.155. Setting up a sell stop order with conservative TP @1.5506, with possible extension to 2nd TP @1.5059 depending on how price moves before US NFP news tomorrow. If price breaks past my 2nd TP, this pair...
Same logic as the EUR trades earlier, setting up short stop order to ride possible bearish continuation up to weekly psychological support @1.75, but with more conservative TP @1.75728 and tighter SL @1.77047. Daily: Weekly: Confidence: B
Despite recent bearishness of CAD and oil, and BOE rate hike for GBP, going short on GBP pairs still in general to continue pricing in risk in Brexit on March 2019, as well as the less likelihood of another BOE rate hike within the year. Setting sell stop order with TP @1.67134 and SL near 1.70. Must monitor closely esp when price reaches 1.68229 (the immediate...
Since its price continued to drop below the 0 fib line instead of beginning to bounce back, Gold is most likely to continue going bearish up to 1200-1205. I've set up a short stop order with TP @1205.130 and SL @1214.090. Must monitor closely, esp if its volatility increase will manually close and re-enter next week instead. Daily: Weekly: Confidence: C...
Ideally should have entered @112.12 but missed the boat (like in NZD earlier), but playing catch up now in case price jumps to its current resistance at 113. Setting up a buy stop order with TP @112.983 (few pips below 113) and SL @112.087. Must monitor closely because price might only reach 112.367 (38.2 fib line) before reversing down by this week's...
Shorting this pair just to ride current bearish momentum (and possible reversal as shown in the weekly chart), with TP @0.88767 and SL @0.89080, but must monitor this closely though. Daily: Weekly: Confidence: B
Setting up a short stop order for this pair to server as a hedge to my GBPJPY trade, with TP @1.92248 and SL @1.93088. Daily: Weekly: Confidence: B (less risky than my GBPJPY buy because this doesn't go against the overall sentiment in COT as well as bearish trend in GBP, but still risky because of USD news later)
Though overall sentiment on GBP and its weekly chart all point to bearish, just riding the (most likely) last bullish wave on the head and shoulder pattern on its daily chart before going short after the BoE Rate news tomorrow. Going long with TP @148.260 and a very tight and conservative SL @146.442. www.express.co.uk Daily: Weekly: Confidence: C...