No trade for the Euro yet this week (yet), as we continue to deal with illiquid markets that are not allowing any opportunities to be taken advantage of yet this week so far. I'm ideally bullish for the Euro based on a technical perspective, but the fundamentals are why I am neutral until we get a decifson of price action for the Euro this week. Hopefully it...
As we can see here, there is an enticing level of so called resistance on the daily and the 4 hourly chart. Price has moved away from this area and novice traders have gone short. It is very easy to predict where stop losses will be. Notice the decreasing volume as price shorts away from the "resistance". If the collective amount of people doing the same thing...
On Monday markets were waiting for the successful completion of the first phase of trade negotiations between the US and China. This time, a positive signal was China's willingness to increase the punishment for violating intellectual property rights. China's regular violations of these rights that particularly irritated the United States and largely hindered...
In today’s market insights video recording I talk about the pound rally and how the cable is likely to perform now that polls show a comfortable Tory lead! I also explain why #Aussie isn’t moving higher while risk-on mood increases high-beta bets amid the latest #tradewar headlines that a deal is indeed possible before Christmas! What are markets waiting for?...
Buy BT Group (BT.A.L) BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection. Market...
GBPAUD is making a series of (i)-(ii), i - ii, wave pattern which usually leads to subsequent decline. On the higher timeframe, price is sitting at a key resistance level that lined up with 50% Fibonacci retracement of the weekly decline. Price has the potential to sell-off from or near the current level and should not breach at least the major invalidation level...
The eurusd has been on a consistent downtrend over the past couple of years and it looks like that is likely to continue. However, the impulse buying could see apossible extension to the upside. The lowest possible price in my opinion, if you are looking at minimal risk (for buys) is 1.0990 (stop loss 10 pips)
USDCAD looking pretty good right about now. Will wait for signs of reversal and then enter. Looking for atleast 200pips.
GBPAUD has been in an uptrend and has now reached a key resistance zone. We can see by looking at price action that the higher lows and higher highs uptrend has begun to lose steam. When we tested the resistance zone, we created a double top which is an important reversal pattern indicating exhaustion of the current trend. We have a swing level here at the...
-IDEAL PULLBACK THEN PUSH DOEN TOWARDS MONTHLY RESISTANCE
Potential reaction off of an institutional play with the yellow zone highlighted, we may see this move happen for multiple reasons such as also being in my kill zone area which is between 62%-88%. This trade may happen before market closes however most likely next week let keep close eyes on it and if you see an opening take it. This is a nice 3:1 ratio trade...
if break the trend line, it will down to another demand zone. bullish power still strong for sterling, i assume it will only do market correction and continue rocket~