Hello traders! In response to our institutional levels posted this morning: We bounced aggressively at the .6883 figure moving just under 50 pips to the upside. Watch this .693 figure for a squeeze... if momentum builds up we could see a quick move to next institutional resistance at .6972. Enjoy!
I guess I did not post any ideas for long time. Now, due to my long tested Mikado strategy, this is my idea of this days movement.
Hello Traders! GBPUSD appears to be forming a bottom here at the 1.2376/1.2361 support as expected. If we can see some upside and a rally up into the 1.2568 figure we can get short. Hopefully we can see some upside over the next few days. As usual if the trade plays out use a 30-40 pip stop loss and look to get whatever you can on the profit side.
Hi traders! As we await for price to break the 122.141 level and approach strong support at 120.92 we can expect a decent bounce at 122.141. The figure has proven to be decent support and we can expect buyers to try to protect it before it is broken. Buying at the level with a 30-40 pip stop loss wouldn't be a bad move. Look to get whatever you can on the profit...
Hello Traders! It is clear that EURJPY and most other xxx/JPY pairs are either in consolidation or pulling back. Rather than chasing price and trying to get short at the lows, we will be looking for good buying opportunities as we are still very much in an uptrend on many of these xxx/JPY pairs. the 120.92 level on EURJPY will be a very likely place to see a...
Hello traders! Given the AUD weakness over the past few days we are only looking for selling opportunities. This .737 level as you can see is a nice area of institutional support turned resistance. You can see that institutional traders were previously buying every time price dipped into the level and then once the level was broken sellers came in on the backside...
Hello traders! With Friday's price action signaling a reversal off the 87.54 high we can expect further consolidation/downside. The 86.66 area will be a likely place to see price find some resistance going forward. Selling just ahead of the figure with a 30-40 pip stop loss would be a trade with the odds in your favor. Look to get whatever you can on the profit...
Hello Traders! Our institutional research still holds a bearish tone on EURUSD so we will only be looking for shorting opportunities. We can expect to see pullback sellers step in anywhere between 1.0506 and 1.0539. As long as the 1.0539 level protects the downside we will likely see another push lower, but keep in mind the strong support at the 1.0335 figure. As...
Depending on how much risk you are willing to take, here are some key levels you should look at. UJ showed some resistance reaction when it did hit the high around 118.50 last week. Therefor we could be at an area with a potential scalp short to re-enter for this Dollar rally. The risk reward is pretty good for a scalp short at this point. + a simply upside...
Hello traders! The 118.66 high on Friday has since kept the buyers in check. Since then we have been seeing some consolidation that is easing the overbought conditions. The first reasonable level to see potential dip buyers step in is around the 116.12 figure. It is entirely possible to see dip buyers step in before that at around 117, but 116.12 is a much better...
Hello traders. In response to the GBPUSD Short Setup below.... That trade wound up being good for about 30 pips so far... but judging price action we are expecting some continued upside. We are now looking to the 1.2568 figure for a potential shorting opportunity. Our institutional research suggests that sellers may try to protect the downside at that level....
I'm looking at our Institutional research right now and it appears that they are targeting the .731 on the downside. The latter will be a key level and a sustained break will open up further downside. However there will likely be profit taking and potential institutional buyers at the level so it will offer a good opportunity for a quick buy. As always we will be...
In response to the two USDJPY setups that I posted today.... According to our institutional research these 3 levels are where traders are looking to get back in with the trend. It is very likely that we will see dip buyers coming in around these levels. As usual use 30 pip stop losses and look to get whatever you can on the profit side. Hopefully price...
Good morning traders. NZDUSD did not manage to get up to that .7070 figure to give us a chance to get short with the trend. However our Institutional research suggests that traders will be eyeing support down between .698-.697 for potential targets. As usual use a 30-40 pip stop loss and look to get whatever you can on the profit side. Good luck traders!
Hi traders this post is a little bit late as price already hit the 123.5 figure. However this pair is certainly exhausting and we can expect to see some consolidation. There is decent institutional resistance at the 123.5 figure that will protect the downside until broken. Good luck to anyone who takes it.
Good morning traders. According to our research the institutions have their eyes on the 1.25 level. Not only is it a decent level of resistance but it is also a huge psychological level that has been respected many times. As usual you will want to use a 30-40 pip stop loss and look to take whatever you can on the profit side. Good luck traders!
Good evening traders. Our institutional research is showing that this .707 level may protect the downside. Given the Dollar strength the odds will be in our favor on this play. As always we will be using a 30-40 pip stop loss and look to get whatever we can on the downside. There is support down in the .698-.697 zone which may act as a magnet for price with...
Good evening traders. Our institutional research has identified some key levels where traders are eyeing to get short. Resistance begins at the 1.0468 level and goes up into the 1.05/1.052 area. With this pair being in a downtrend a pull back up to either of the areas marked on the chart would represent overbought conditions where institutional sellers may be...