GOOD DAY EVERYONE HERE'S A SHORT IDEA ON THE DOLLAR INDEX, WE SAW A BREAKOUT OF THE ASCENDING CHANNEL CAME BACK UP FOR A RETEST OF THE STRUCTURE AND HOPEFULLY THIS SIGNALS A MOVE TO THE DOWNSIDE. > WE ARE TRADING AT 38.2% FIBONACCI LEVEL IF IT HOLDS AS SUPPORT WE MAY SEE A RISE TO THE UPSIDE > TARGET 1 - 99.07 > TARGET 2 - 98.82 SL - RISK MANAGEMENT AND YOUR...
GOOD DAY TRADERS HERE'S A SHORT IDEA ON THE GBPCAD PAIR
GOOD DAY TRADERS HERE'S A LONG IDEA ON THE EURGBP PAIR, THE PAIR BROKE THE STRUCTURE WITH THE BULLS , OVERBOUGHT ON MOST INDICATORS POSSIBLY SIGNALING A RETRACEMENT BEFORE CONTINUATION TO THE UPSIDE. IF WE BREAK RESISTANCE LEVEL 0.88545 WILL BE LOOKING FOR LONGS ON THE PAIR. TARGET 1 - 50% FIB LEVEL ( 0.89186) TARGET 2 - 0.89002 RISK MANAGEMENT FOLLOW YOUR...
GOOD DAY TRADERS LONG IDEA ON CRUDE / USOIL, ON THE HOURLY CHART WE HAVE AN ASCENDING WEDGE AT RESISTANCE AND THE DAILY WE HAVE A PENNANT FORMATION WHICH WE ARE STILL RANGING. > HOPEFULLY WE SHOULD SEE A BREAKOUT SOON ON OIL ITS JUST AFTER THE NEWS RELEASE AND THE CFD FAILED TO BREAKOUT, THE PRICE FELL BY MORE THAN 1% > INVEST.COM - The markets have rallied in...
GOOD DAY EVERYONE HERE'RE A COUPLE OF SCENARIOS FOR THE EURUSD PAIR RISK MANAGEMENT DAY TRADES
GOOD DAY TRADERS HERE'S AN IDEA ON THE USDCAD PAIR, PREVIOUS WEEK WAS A QUITE ONE FOR THE CANADIAN DOLLAR WITH THE NEWS AND DATA UPDATES.. EVEN THE BOUNCE BACK IN OIL PRICES HEADING INTO THE WEEKEND BRING MUCH VOLATILITY TO CAD. > ON FRIDAY CAD PUSHED HIGHER AGAINST SOME PAIRS PROBABLY DUE TO SOME WEAK ECONOMIC UPDATES FROM CHINA, GERMANY AND THE U.S. PLUS THE...
GOOD DAY TRADERS HERE'S AN IDEA ON THE EURUSD PAIR, THE DOLLAR HAS BEEN STRONG DESPITE ALL THE BAD U.S. ECONOMIC UPDATES IN THE PREVIOSE WEEK AND SLAMS FROM SEVERAL FEDERAL RESERVE MEMBERS. > THIS COULD BE BECAUSE THE USD IS THE SAFE HEAVEN DURING THIS GLOBAL RISK SENTIMENT I DON'T KNOW. > AND THE FED'S RE-ITERATION OF NO PLANS TO TAKE INTEREST RATES TO...
GOOD DAY TRADERS HERE'S AN IDEA ON THE GBPUSD, IT WAS ANOTHER BAD WEEK FOR THE POUND THIS PAST WEEK PROBABLY DUE TO RISING BREXIT FEARS, BAD ECONOMIC DATA FROM THE UK AND THE PANDEMIC PUTTING PRESSURE ON RISK ASSETS AND ALSO THE BANK OF ENGLAND RAISING THE PROBABILITIES OF MORE STIMULUS MEASURES. > GBPUSD IS TRADING AT 38.2% FIBONACCI LEVEL ON THE 4H CHART >...
GOOD DAY TRADERS IDEA ON GOLD, XAUUSD HAS BEEN RANGING IN A SYMMETRICAL TRIANGLE HOPEFULLY WE WILL SEE A BREAKOUT SOON EVEN THOUGH IT COULD HEAD IN ANY DIRECTION THE PRIOR TREND MAY IMPLY A BREAK TO THE UPSIDE > FOR NOW HERE IS A SHORT IDEA ON GOLD > HOPEFULLY THE DIMINISHING VOLATILITY WILL GIVE WAY TO MORE VOLATILITY ON GOLD IN THE COMING WEEKS RISK...
GOOD DAY TRADERS HERE'S A SHORT IDEA ON THE USDCHF PAIR > ON HIGHER TIMEFRAMES WE HAVE A PENNANT FORMATION ON THE PAIR AND WE ARE STILL RANGING IN THE STRUCTURE AND THE SENTIMENT ON HIGHER TIME FRAMES IS STILL BEARISH SO LOOKING FOR SHORTS ON THE PAIR. > THE PAIR IS TRADING AT 50% FIBONACCI LEVEL AND HAS FAILED TO BREAK THIS SUPPORT LEVEL A COUPLE OF...