kenny_ponde

kenny_ponde

In this forex trading report, we will explore the GBPJPY pair’s weekly perspective, focusing on key developments since March 16, 2020. The market has exhibited a predominantly hawkish trend, limiting opportunities for bearish swing traders and establishing a significant liquidity area between 147.953 and 148.988. This liquidity zone stretches back to November...

kenny_ponde

Good morning traders, Since yesterday's post-New-york session, we've been experiencing a slowdown in the dovish momentum of GJ. This pair is slowing down exactly where I wanted it to use the Fibonacci retracement, My point of entry was between 50 and 60% retracement level. Using the fixed volume range profile as a tool to measure my confluence. I am very...

kenny_ponde

Pounds seem to be really bullish at the moments so I'll just trade with the momentum and focus only on two pairs GBPAUD and GBPJPY, expecting about 200 + pips. that might be a weekly swing depending on how you trade it.

kenny_ponde

Hi, this move will heavily depends on what the feds will decide as rate. the Dxy is kinda loosing volume at the moment, but we all know this is more about fundamental than anything else, the entry point goes along with the technicals. SL : 1.34791 P : 1.34020 TP : 1.29848 about 400 pips + expected for this trade if it plays accordingly

kenny_ponde

it is a risky one but there is a clean lack of volume towards the up side. the market seem pretty bearish for now, this trade stand for a swing bearish position in about 450 pips target point.

kenny_ponde

the trend has restarted and the dollars has been called out. this could be the trade of the week with a strong possibility os continuation due to the confirm payfroll data coming tomorrow. best of luck

kenny_ponde

With the market expectations after the FOMC meeting last night, expectations and bias have definitely change the way I seek to trade the dollars correlated pairs. I believe USDJPY AND USDCAD can give something amazing routine for the nonfarm payroll data released especially and I will seek a bullish entry for those pairs.

kenny_ponde

THE GOAL FOR this specific trade is to secure profits due to the lack of bullish volume for the moments. the overall direction stays bullish but I believe in one more bearish swing before the take off securing about 200 pips that could really be the trade to start off this week with a smile.

kenny_ponde

After a short tendency that long before yesterday's report by the ECB which for the second times went for 75bps trying to fight inflation, the market has responded negatively due mostly to geopolitical uncertainty and other interesting factors confirming what we were already expecting of the euro and straightening the yesterday dollars bullish swing trade. the...

kenny_ponde

okay this pair last week was bit confusing for me, but for the good health of the market a correction is needed around 1.68405 before the bounce back swing bullish, this trade might take 1 to 2 weeks according to me, but we never know, here is my bias on this pair.

kenny_ponde

let's not get fooled this is merely a correction, the Dollars is still on a uptrend swing, the perfect retracement spot will be the latest 2002 wick resistance level before looking at a buy during the retracement it would be good to look at the main currency such GBPUSD, EURUSD, NZDUSD or AUDUSD for a 2 week bullish positions. hope y'all will bank on it

kenny_ponde

MIGHT go up until next week but for sure we'll bank +280 pips on this bullish swing trade, the dollars is looking bullish today, I am looking forward to a proximity in term of take profit It might go higher than expected but I stay focus. let's see

kenny_ponde

direction still valid but had to move my stop loss a bit higher, the direction of the day is still maintain need to grab more volume so it is more a game of patience than direction, after the market has recovered from the news this morning which wasn't in favour of the pounds we're finally set to swing low here we go.

kenny_ponde

I am pretty confident about this trade after being stop twice this week, I believe the pounds is about to free fall from all the fundamentals and technicals matters of the moments and I am also expecting the last gab spot on the 15 minutes charts to be filled that is my trade of the week regarding this pair

kenny_ponde

I got the Data, but honestly speaking there is a gamble between fundamental and technically, the data are clear the labor market is dovish fundamentally speaking I'd go for a bearish position against the dollars which implies a buy for this pair but techincally the dollars is mad powerful reference to the DXY which show. bounce back and a engulfing patterns on the...

kenny_ponde

Currently retracing from last Friday NFP news, even though the DXY closed below last week high creating a higher low, the market still is uncertain, the fears or recession is other, technically speaking it makes sense that the Day fluctuation happens right now, but fundamentally speaking is a very sticky one innit, always my target lay around 132.556 as first...

kenny_ponde

expecting a rise from the dollars with expectations of a positive us labour market and unemployment rate in favour of the Dollars, it is a matter of entries data shows that recession is a bit tricky and not ready to dip, sterling still expecting to fall after yesterday news with a biggest bases point since 2008. expecting a pull back before the fall.

kenny_ponde

usually Fridays are tricky with volatility, despite the direction being the same, the volatility can play a major role in our ability to trade and find drastic entries so let's keep it simple, my entries was based on the 50% fibs swing expecting about 72 pips to close the week and move. have. a lovely one