Same analysis n rationale as the other EUR shorts i just posted up which is also attached in the related ideas.
The uptrend has been broken as highlighted by the yellow box and Im expecting it break down from here.
Expected Target is around 1.4940
I entered this trade pretty much the same time as my EURJPY play that i just posted.
Same analysis n rationale as EUR pairs are finally breaking south along w the FOMC announcement last hour.
Expected Target is around 1.0925 which gives a target of around just under 90 pips
attached to this is the EURJPY play n analysis
Posted this one along with USOIl few weeks ago that i was anitcipating a selloff which for this pair it is in line with the overall downward trend on the bigger timeframes.
Target just reached now securing in over 300 pips
Attached in the related ideas is the original post
We saw a run up in all GBP pairs the last week and i believe it is now exhausted..
Im expecting a sell off to happen but still hold a neutral bias in the overall short-term in the near future for this pair
Expected Price Target is around 190.20
As i'm bullsih on the euro pairs, it means im bearish on the opposite pairs like the USDCAD.
Same rationale as the EUR trades just in reversed. In this case the upward momentum from the start of this month is broken n now i'm expecting a sell off.
Target around 1.2880
Gold made its high in 2012 and since then has came off considerably..
For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming.
With that in mind, I'm anticipating a further sell off in gold with a expected target of...
Euro pairs in general are currently selling off as we speak.
There are some support areas that could potentially be tested n maybe broken (the green box), but as of now, I'm playing the momentum of this move with a expected target of around 134.25
Summary:
All signs are pointing to a significant breakdown in the AUD/JPY...
Commodity currencies are under extreme pressure due to a global slowdown and suppressed commodity prices.
In an extremely volatile and high risk market, investors will fly back into the Yen as a safe haven and dump commodity currencies.
We also have upcoming rate cuts coming out of...
This is purely technical as there still alot of confusion surrounding this pair b/c of everything going on with Greecel.
The 4hr Chart is showing downside selling momentum and I am playing that selling pressure on the hourly chart.
Expected Price Target is around 1.0890
Commodities are selling off right due to whole Greece Situation and the sell off China.
This trade is based on the similar concept as the Natural Gas play with expected downside momentum to continue. Only difference is that i'm looking at this from a 4hr intraday chart.
Expected target is around 615.00 along with the corresponding CS levels with it
Ever since the start of the year we have seen a bounce back higher for oil ever since the massive drop late last year.
That consolidation and the pullback higher can be seen green line being cracked finally in the last couple of days. Because of this and along with all the things going on with the EURO right now, I am anticipating a further push down to a...
Despite the ongoing turmoil going on in Greece as we speak. I am expecting this sell off to continue going ahead in to this week. I'm abit late in to posting this despite already having a position in but there is still further downside pressure to be realized.
Am aware alot of people are still biased on this pair to the long side but clearly that upwards trend...
LOCKED IN PROFITS AND MY NEXT TARGET IS AT THE PSYCHOLOGICAL LEVEL AT .1.00000 RBA GOV STEVENS SAID RATE CUT IS POSSIBLE AND THAT THERE IS A 'VERY' GOOD CHANCE AUSSIE IS LIKELY TO CONTINUE FALLING. THIS IS A VERY DOVISH COMMENT AND I BELIEVE THIS WILL WEIGH ON AUD THROUGH OUT THE REST OF THE WEEK. ANY RALLIES WILL PRODUCE A OPPORTUNITY TO SELL AT A BETTER PRICE....
After a swing to the upside and a failure at 1.10000. We can the euro to continue back to the downside over the next 2-3 week hitting the round number 1.00000.
It's hard to define exact levels of resistance around this area, but we seem to have a descending wedge into strong support here in the $210s, which should result in snap back up for a correction. After that is anyone's guess, but I'm still leaning toward a long term bear market.
Given the oversold condition, I would say a snap back to the $240s is likely. ...
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....
I'M ALREADY IN A SHORT POSITION BUT IF PRICE RETRACES UP TO MY SELL ZONE I WILL LOOK AT PRICE ACTION TO ADD IN ANOTHER POSITION AND TARGET 0.75000. I STRONGLY BELIEVE WE CAN GET TO THERE IN THE SHORT TERM BECAUSE THE LABOUR MARKET IN THE U.S KEEPS COMING OUT GOOD WHICH WILL HAVE INVESTORS/TRADERS SPECULATING A RATE HIKE AS EARLY AS JULY. ON TOP OF THAT AUD...
