USDJPY: 1. Price action immediately following BOJ this september was more than erratic but at the same time showed some consistency for those of you who can remember back to Julys performance - we moved instantly lower on the decision to 101 flat, before ripping 180pips higher to 102.8 to then lose most of the bids and trade back to the 101 base. 2. The BOJ...
USD/CAD - A lot of confluences to see a bullish continuation upon a successful breakout of around the 1.32400 level. Bullish engulfing candle on the daily time frame too, i will wait for a break and close above the resistance area on the daily TF before going long.
Gold Positioning - Buy @ Market; 1350TP1 1370TP2 - 1 lot (small) and add double every daily close lower - 1lot, 2lots tomorrow, 4lots the next day: 1. Risk sentiment looks to be turning south, particularly in US equities which have seen monthly lows which is consistent with the broad equity valuation correction lower that i have been expecting for the past few...
Good morning Traders, this isn't a pair that I personally Trade, but we're in quiet Market conditions right now and I wanted to share an opportunity I came across on this pair for the London open. Please don't forget to check the YouTube channel to follow along with our Trades. www.youtube.com
GBP/AUD - Close to entering short on this pair. Waiting for a clear break below the 61.8% fib level as it appears to be an area of strong support. Let me know your thoughts.
USDJPY: Selling at todays pivot level near 38.2% fibonacci. This is 1:3 version.
Just noticed this trade guys. I'm not taking it because it's not yet part of my plan but it looks promising so deemed it worthy of a share. The risk reward profile has the potential to be high. Reasons: Big RSI divergence, Oversold RSI conditions, Doji reversal candle followed by good sized engulfing if current 15m candle remains as it is, Break of channel,we are...
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GBPJPY: 1. Given Fed Yellen's "hawkish" market response and GBPUSD, GBPNZD and GBPAUD shorts TPd on the rally lower today cleared (FX risk book clear too), im looking to add some safe haven assets to my portfolio. 2. Looking at GBPJPY and GBP structures on the whole, there has been alot of sterling longs in the past 2wks accumulating in spot as economic...
Yellen as interpreted by the market was bullish, though price action immediately following the JH Speech Highlights was anything but this clear cut and imo said alot more about what was actually said i.e. there is still uncertainty/ no clear commitment, as DXY moved higher immediately after before aggressively selling off for the next 20-30minutes, before then...
SPX 1. Correlation/ Technical analysis - SPX has set up the most predictable price action I have ever seen - confirmed by two EXACT 0.55% moves higher and the last 4 moves have been almost exactly 2weeks. 2. Price action currently shows exhastion has set in and there will either be 1) another bull exhastion leg 3 (+0.55%) to 2206 OR 2) A sell-off will begin...
SPX Bull run 1. Post Brexit US equities have been in an easing induced rally, with the Fed delaying hikes, BOE easing and RBNZ/ RBA also easing - this encouraged US risk markets to set new highs - with 7 of the last 9 weeks strong closes higher. The Bull run over? 1. The last 2wks have closed flat but hhave remained rangey indicating the market has low...
Price was rejected at the weekly resistance at 0.7550 area. Price has now formed a swing high, looking for a retracement into 0.7492 area before going short, aiming for the 0.7240 area. 1:3 Risk vs reward setup.
ULTA is clearly overbought at this point in time. Now is certainly not the time to go long on this equity. Key Points: 1. Overly bullish sentiment 2. RSI on weekly is around 85 - probably the highest in it's history. 3. RSI on daily has been hovering dangerously around 80 for quite some time. 4. There is no clear RSI divergence from price at this time. 5....
1 Hour Advanced pattern, Short @ 0.71321 Targets @ 38% retest, further targets... looking to retest previous structure low
Advanced cypher pattern, 15 min time frame. D completion @ 1.45161 level (Major Daily Support/Swing level) 30 pip T1 targets
Short NZDUD @ 0.71725 Lets see if we can hit Targets!
Interestingly the RTRS poll for Aug has a bullish near-term bias for $yen vs in July - my opinion is contrary to their poll as the BOJ and JPY MOF failed to deliver the hype expected/ promised this past week - i think 101/2 is much more likely for the next 3 months vs their 103.8. Comments from PM Abe, MOF and BOJ minutes that we observed in the Asia session were...