looking to get in long wave 5 of wave c.
fundamentals: AUD short squeeze. copper rising. USD weakness
risks to trade: copper prices falling, trade war tensions resume market focus
looking to get in long wave 5 of wave c.
fundamentals: AUD short squeeze. copper rising.
risks to trade: copper prices falling, trade war tensions resume market focus
5/1/5
COMMODITY CURRENCIES PRESSURED BY TRADE TENSIONS. JPY DEMAND DUE TO TRADE TENSIONS AS WELL.
ENTRY: 81.95
STOP LOSS: 82.50
TAKE PROFIT: 79.55
LOOKING FOR A DEEPER PULLBACK AFTER TAKE PROFIT GETS HIT
AT DECENT ENTRY POINT NOW.
EUR SUPPORTED BY STATEMENTS MADE LAST WEEK ON HIKE BEING EARLIER.
COMMODITY CURRENCIES PRESSURED BY TRADE WAR TENSIONS
ENTRY: 1.58 OR 1.578
ALTERNATE STOP LOSS: 1.57765
STOP LOSS: 1.5726
TAKE PROFIT 1: 1.5930
TAKE PROFIT 2: 1.60
TIMEFRAME: M15
looking to get in on a re-entry long targeting 1.79453 short term trade.
3/1/1 missed original breakout entry looking for a light pullback to around 1.78 stops at 1.78217
POSITIVE BREXIT NEWS ON POTENTIAL SOFT BREXIT ON SATURDAY. CARNEY'S COMMENTS SUPPORT GBP. TRADE WAR TENSIONS PUTTING PRESSURE ON COMMODITY CURRENCIES
SHORT TRADE:
SHORT - SHORT TERM JPY DEMAND ON TRADE WAR.
GETTING IN SHORT ON BREAK OF WEDGE
ENTRY: 146.46
STOP LOSS: 146.70 STOP LOSS WILL CHANGE WHEN WEDGE IS BROKEN
TAKE PROFIT: 145.550
LONG TRADE:
FUNDAMENTALLY BULLISH ON GBP
ENTRY: 145.55
STOP LOSS: 143.8
TAKE PROFIT: 151
Holding a bearish view on USDJPY. Safe haven influx will cause JPY demand due to the trade war. USD saw weak wage growth this past NFP day.
SHORT
ENTRY: AT MARKET OR TRENDLINE BREAK 110.30
STOP LOSS: 111.70
TAKE PROFIT: 108
Overall, bearish view on CAD and bullish view on JPY. Bullish on Yen cause of when Yen demand will play out as investors flood into safe havens from the trade war.
Bearish on CAD again cause of the trade war. If there is a rate hike from the BOC that could be a good entry to get in short at a better price.
FUNDAMENTALS
The EUR has been supported following reports that a rate hike at the end of 2019 would be too late. The USD on the other hand has weakened on a miss on wages and a slight but not significant beat on employment change.
That being said, EURUSD might not fall at all and might just push on up from here. But I would like to see some pullback before...
DAY TRADE SHORT TO GET IN LONG AT 128 SWING TRADE
With the trade tariffs freshly initiated last week, I expect a short term JPY influx to my long entry swing level at 128.20
Assuming the pullback is going to start soon on the M15 chart we have a short trade setup with an extremely tight SL of about 17 pips
SHORT
ENTRY: 129.80
STOP LOSS: 130 OR 130.10 If...
EURJPY
FUNDAMENTALS
The EUR has been supported following reports that a rate hike at the end of 2019 would be too late. Improving risk tone has seen the JPY pressured as of late, however with trade tariffs now in effect this trade is more of a 6/10 on the conviction scale as it will be heavily influenced by any trade war developments.
TECHNICALS
I had initially...
