We are looking for a retracement back off previous month low (0.92010). If we see support holding up on retest, we will begin entering our long positions. Trade will be broken into two parts, the first TP at 0.92466 (2023 open), this will net us 45 pips and we will adjust SL to break-even. The second TP will be positioned at 0.92886 (previous week high), this will...
Looking for a retracement back to 0.91548 where fib extension shows clear buy pressure on the 4 hour chart. If we manage to make an entry we will work on a 2 TP to BE system. Take Profit 1: 0.92345 (+0.85%) - Once reached adjust SL to breakeven Take Profit 2: 0.93364 (1.98%)
Trade Reference Number: 4413 DO NOT ENTER UNTIL CONFIRMATIONS HAVE BEEN MET! Entry: We have a potential buy position setup on USDCHF, if we start seeing bullish momentum off our 0.93500 level we will look to make the entry. Exit: If we manage to get a long position in, we will look to make an half exit at 0.93823, and full exit at 0.94560. NOTE OF...
Trade Reference Number: 4412 DO NOT ENTER UNTIL CONFIRMATIONS HAVE BEEN MET! My outlook on AUDNZD has now changed, I had a long bias, but with new fundamental data we are now looking at shorting the currency. Before we begin any shorts we must await one confirmation on this trade. The hourly candle MUST not break above and close at 1.06263. But we would still...
Trade Reference Number: 4411 DO NOT ENTER UNTIL CONFIRMATIONS HAVE BEEN MET! I am patiently waiting for markets to open up again. AUDCHF is currently first on the watchlist. I'm looking for a low volatility opening and a build-up of buy pressure during peak Asia hours. If we see the hourly candle hold above 0.63597, we will look to begin making our long entries....
Looking out for a CADJPY reversal off the highlighted SD 2 R. If we see weakness on this hourly candle with more sellers than buyers, we will enter a tight 20 pip SL trade and try to take it back down to PML.
Dollar strength and a weakening pound. Waiting for a slight move up to 1.18512 before we take any new short positions. 200 pip TP from the entry with a very tight SL adjusted on Wednesday closer to the inflation data release. Macro Data: UK inflation is expected to rise from 10.1% to 10.8% -11%. Core CPI data is expected to remain neutral and UK unemployment is...
Technical Outlook: EURUSD approaches major liquidity on our hourly setup. We see the pair lower to our PWH & LRL levels which indicates a push to the upside very soon with a high level of bidding liquidity attending the order books by institutions. Fundamental Outlook: US headline and core inflation is due tomorrow, the consensus suggests a slight increase in...
USDJPY continues its momentum towards the upside. With global market turmoil, we have seen investors use USD as a newly found safe haven. We expect further market disruption in the weeks to come which will further aid USD to the upside.
GBP is showing signs of stabilisation after Jeremy Hunt was appointed as Chancellor of the Exchequer. The reversal of policies is bringing some calm to the market and once the medium-term fiscal plan is released today, we should see some upward momentum. We are looking to make entries from the retracement of level 1.53803. The 1 TP level is at 1.60193 which will...
Will we see continued downward pressure coming off Euro? Currently on our watchlist I am waiting for EURUSD to retest 1.01160 before I make my short entry. The setup looks promising and can potentially net 213 pips once full setup is complete.
Trade Reference Number: 5642 DO NOT ENTER UNTIL CONFIRMATIONS HAVE BEEN MET! Pending 2 confirmations on the hourly chart. We are awaiting a second bounce off 1.21352 and a 1 hour close below 1.21065 before making our short entry. We have a 2 take profit to break-even structure in place. Our take profit is at 1.20037 (0.64%) once take profit is reached half of...
Simple setup on EURUSD a major supply level where we believe institutions will try to maintain their stop hunting on traders bringing price down to 1.01540.
AUDUSD is approaching a major supply level on the daily timeframe where we expect it to reject the level (0.68619) and continue the bearish AUD momentum. Demand for the pair starts picking up slightly at 0.66418 where we will try to liquidate full trade if we manage to get a clear entry. As for invalidation, if the price breaks past 0.69329 this trade setup...
Here we have an AUDJPY chart setup for the market open in a few hours. We are anticipating the price to retest 92.968 before beginning its next bullish run on the hourly chart. The next level of interest with a high level of orders is 93.996, we hope to clear half our position here and adjust SL to B/E. We will then look to fully liquidate the remaining 50%...
We truly believe we are going to see another leg down to finalise a large-stop hunt on buyers. Once we breakout past 0.61130 there is clear confirmation for us to begin taking our short positions. With NZD losing strength overall for the year, we can expect more leg down after each suppression zone. NZDUSD is definitely one to watch out for! Avoid touching it...
After watching USDCHF for the past week, we feel it's safe to put up our analysis on the pair after multiple confirmations. Various liquidity sweeps have taken place over the past few days moving the pair higher and validating our first supply compression. We won't be taking any new entries until 0.96687 when the supply has fully compressed and it's ready for a...