xiaoT

xiaoT

Clear technical set up, along with an expecation of capital flows to Australia from New Zealand in regards to the restricted immigration policy and gobal trade deal with the new leards elected at New Zealand, this pair has limited downside risk and promising upside targets. The risk: reward is pretty good now. And it's relative a good set-up compared to other FX...

xiaoT

It's time to short the euro/cable. Long-term trend line resistence, and also take a look at CFTC data, guys. Heavy speculative long position on the euro side, I was tracking on these for a long time, finally I get the chance to give a shot today!

xiaoT

Cable is gaining strong momentum versus Aussie since middle of March this year. Recently, is challenging the 1-year downward trend line since march 2016. A weekly close above 1.6720-1.6751(trend-line resistance & 0.146 fib retracement) would mark the start of large rebound follow the Brexit mess. On the other hand, if the wedge pattern keeps on holding, short and...

xiaoT

Enter Short @48.12, initial target 44.22, second target 40.94 stop loss will be activated at daily close above 50

xiaoT

Short at daily close below 48.35( 50% fib May 2015-Jan 2016). We will see in the next several days how price actions unfold.

xiaoT

Technically speaking, the prior four waves had been nicely bulit-up. And right now, the aussie is well supported by ascending trend-lien support around 0.75484. If it holds up, the next target will be the spot around 0.79322-0.80520( 23.6 & 38.2 fib). After these five waves are completed, we could start to find attractive position to enter short. In the meanwhile,...

xiaoT

Wave 3 target 88.90, wave 4 retrace to 92.62, 24th Aug 2015 Low. Wave 5 break down to 88.02