Mase_00_7

Mase_00_7

EURNZD - We are bearish on both currency pairs so this isn't a trade setup we would usually be looking for, however this is setting up nicely for a monthly swing down to the 1.70500 zone which would give us a decent 450 pip trade. We will slowly build a position on this pair with entries around 1.74600 depending on bearish price action in this zone, and a 60 pip...

Mase_00_7

GBPJPY has hit the monthly bearish target early in the month and so we are expecting to see a nice rally up to the 134.000 level with a potential 500 pips on the table. We have a nice 4 hour bullish engulfing candle so we are waiting for price to pull back into support before looking at long opportunities going into tomorrow. Stops will be below the low and as...

Mase_00_7

With the recent strengthening of the USD for various fundamental reasons that we discuss in depth with our clients, we have seen a sharp decline in the price of oil (not necessarily a sell-off - don't confuse the two!). We expect the USD strength to continue into next week and so we are looking to short USOIL after this bearish corrective structure has now...

Mase_00_7

After a great short trade on AUDCHF this week, we are looking at a short-term long position on this pair after a clear rejection of the 0.68200 level and a break of the downtrend. If price can pull back to 0.65520 and show a bullish rejection at this level then we will look to take a long position with stops and targets as shown for a 1% capital exposure and a 2%...

Mase_00_7 Updated 

The Australian Dollar has been weak of late, and with the current risk off sentiment we are expecting a shift back into the worlds safe haven currencies of JPY and CHF. Our favoured pair for the coming week is AUDCHF with a beautiful 15m bearish engulfing candle right off of our level of interest at 0.68630. Initially this trade has been taken as a day-trade...

Mase_00_7

LTC/USD put in a 5-wave correction down to previous lows which gave us an opportunity to take this long position. Stops have now been moved to break even and this is a risk free trade up to the target of $154, with some resistance expected at the $150 even handle number. This is a swing trading position however we are also trading this up on a day-trading...

Mase_00_7 Updated 

How to Trade the News We see lots of new traders in the chat here on Trading View making poor decisions around news based trading. Yes, catching a big move can be profitable, but it is a gamble and one that we as money managers should not be willing to take. Ask yourself this, if you had $1m of client money at stake, would you bet on the direction of a short...

Mase_00_7 Updated 

Good morning traders, This morning we have seen some decent numbers out of the UK in terms of CPI, PPI and RPI. These are all measures of inflation and therefore a precursor to an interest rate hike, which is what we are really interested in. We will be employing our standard news trading strategy, i.e. watch the breakout and wait for a pullback into...

Mase_00_7

Further to our bullish Cypher pattern, we not that a bullish Gartley pattern has already completed so we will be taking this long should we get one of our entry signals. All the best, Mase.

Mase_00_7

Good morning traders, Looking away from the ECB and Euro we see a nice bullish Cypher pattern due to complete down at 108.650 here on the USDJPY. We have already had one long trade stopped out at break even today, and this will be our second attempt at a buy and hold. Long term target is 114.500. All the best, Mase.

Mase_00_7 Updated 

With the release of the Rightmove House Price Index this morning showing falling house prices in the UK we still have no reason to be bullish on the Pound. GBPCHF has been in a strong downtrend of late, indicated by the lower lows and lower highs on our chart. We are looking at a very simple swing trading opportunity here by selling at the Weekly Central Pivot...

Mase_00_7 Updated 

Following the break below 1.25100 and the invalidation of the Cypher pattern we had lined up, we now have a bullish Bat pattern completing down at 1.24600 on USDCAD. As this is technically a counter-trend trade we will be looking to take conventional targets at the 38.2 and 61.8 Fib levels should an opportunity to go long present itself. All the best, Mase.

Mase_00_7 Updated 

The sell-off in USDCAD could be coming to an end at the 70.70% retracement level with stochastics firmly in oversold territory. We've noted a 1.272% extension of the impulse leg down (green box shows 1.272 - 1.414 Fib levels) which would suggest a move up to around 1.27200 to complete the pattern. A break and close below 1.25130 will invalidate this pattern, and...

Mase_00_7

We have a bullish Gartley setting up on the EURGBP with an entry that aligns with previous structure. There is nothing bullish about the Pound, and if Mario Draghi fails to specifically address the exchange rate/detailed monetary policy again tonight then we should see further upside to this pair. All the best, Mase.

Mase_00_7 Updated 

With the RBA Policy Meeting Minutes due to be released at 02:30GMT we should have the catalyst we are looking for to move AUDNZD. With the Kiwi being weak recently and a number of AUD pairs at support/resistance, a hawkish tone from the RBA could send this pair higher. If we see a dovish tone out of the RBA then we favour a short on the AUDJPY back down into the...

Mase_00_7

Good evening traders, There is a bearish Bat pattern forming on the EURJPY up at the 1.30100 level that we will be looking to enter only if the moon (price) and the stars (Mario Draghi, Jackson Hole) align. We're hoping for a return of more volatile markets, and Jackson Hole could well be the catalyst. Have a plan and trade it. All the best, Mase.

Mase_00_7 Updated 

We have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank. His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week. We are planning a...

Mase_00_7 Updated 

Good morning traders, AUDUSD has completed the C-leg (1.27% extension of A-B) of a predicted Cypher pattern on the M15 timeframe. If we break and close above the Weekly Central Pivot Point then we will be looking to take this long to the 0.79300 zone. Our preferred entry into this Cypher pattern will be around 0.79400 for Risk/Reward reasons. We also have a...