As you can see, it looks as we are preparing for a correction in EURUSD (So as of now, I am short. However I fully expect a possibility of a range). What does being short tell us? It means in the near future (weeks-months because this is a daily chart) the USD could gain some value to its Euro counterpart. How would the USD gain its value? A great way would be if...
This one is one I wanted to get online quick in order to make my call. WAIT FOR YOUR OWN ENTRY, these are just levels I have provided. I am short on EURNZD until around 1.585-1.588, and will CANCEL shorts at 1.622. Enter whenever your strategy gives you your signal, and use these key levels to monitor your trade. Unfortunately for this pair I don't have an entry...
Here we have yet ANOTHER setup for EURUSD shorts, this setup needs to be followed EXACTLY in order to not enter a losing position on this trade. We need this current strong candle and current low to find a bottom then retrace up to my sell zone (two red horizontals). From the sell zone, look for sniping opportunities on lower time frames to enter sells toward the...
sell @ 1.56416 great RR!
An analysis of which LONG has the best value against the short GBP to play the Brexit. [ - GBPUSD has a target handle of 1.385. - GBPJPY target handle at 1.483. - GBPCHF target handle at 1.335 . - IMO currently i rule out GBPUSD short, as USD doesnt have the same "risk-off" demand as CHF and JPY. Also USD and GBP economies are perhaps the most highly...
This 2-part article will look at the practical application of correlations in trading and show how to use correlation inferences to exploit the statistical advantages they offer. On the 4h time frame, the highest day-tradable timeframe imo we see EUR$ has an exclusively negative and almost 1for1 correlation with the dollar index (or dollar "market"), however,...
The success of this trade is really going to depend on the outcome of the ECB press conference later today. If the ECB is dovish then the Euro will fall to previous lows of this year. However if they come out with hawkish tones in their language then we could rally back to 11050 and 13000. The fundamental direction for the Euro is bearish so I expect it to return...
Short EURCAD after bearish Knoxville divergence (momentum, RSI overbought) and the completion of a bearish Gartley pattern: T1: 1.403 T2: 1.393 SL: 1.413