en1gm9t-c

en1gm9t-c Updated 

Hello traders! My first published idea, so please take it easy. With that said, I encourage any thoughts. With such a sharp move on Friday across all USD pairs, I suspect a retracement of some kind on the shorter time frames. Overall, I have a bearish opinion of the Aussie stemming from poor fundamentals. However, a bullish opportunity may arise if there's a...

en1gm9t-c Updated 

First, my preferred time frame is NOT the weekly, as it takes a great deal of patience to stick with your trade plan. However, I deem it important to understand the larger picture for this pair. The bears have been on a tear this month and I expect that to continue, albeit temporarily. DO NOT lose sight of the bigger picture, this pair is still clearly on a...

en1gm9t-c Updated 

With so much uncertainty surrounding Brexit, do key technical levels still have relevance on the Cable? The short answer is yes as major news is usually priced in before any major reports are actually released (ever hear of "buy the rumor, sell the news?"). However, it is still critical to pay attention and stay up to date on any major releases; the market can...

en1gm9t-c

I have to credit user BenWright21 with this idea: Currently, the daily time frame is in the midst of a H & S pattern and has seen nice follow through the .718 level. If price continues to climb, the .7325 zone is the level to watch for a pull back. Not only do we have a sizable gap zone from Dec 2nd, it also happens to coincide with a massive downward trend...

en1gm9t-c

Hello Traders! As mentioned previously, I am down long term on the Aussie largely in part to poor fundamentals. Some these factors include rising consumer debt and a "slowing" Chinese economy. This is a huge week for the Aussie: CPI on Tuesday, Chinese PMI and RBA rate statement Wednesday, and PPI on Thursday. With the exception of trade balance numbers on...