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wifi4business wifi4business EURUSD, 30,
EURUSD: Position Update
52 0 3
EURUSD, 30
Position Update

The TRade is going our way, raised stop loss to lock in 30 pips targeting 1.084

Elliot_Myers Elliot_Myers GER30, D, Long ,
GER30: Ger30 Long Set Up
86 0 1
GER30, D Long
Ger30 Long Set Up

Thoughts?

maccabean maccabean EURGBP, 240,
EURGBP: Trade of the day. Head and Shoulders to form EURGBP
13 0 0
EURGBP, 240
Trade of the day. Head and Shoulders to form EURGBP

Looking at the price action, this is the most likely move.

maccabean maccabean EURGBP, 240, Short ,
EURGBP: Trade of the day. Sell EURGBP as support reached.
21 0 0
EURGBP, 240 Short
Trade of the day. Sell EURGBP as support reached.

The price has dropped to long and short term important support. Indicators show an accelerating momentum downwards. Target is yearly resistance turned support

maccabean maccabean EURUSD, D, Short ,
EURUSD: Trade of the day. Breakout Downwards likely on EURUSD.
120 2 4
EURUSD, D Short
Trade of the day. Breakout Downwards likely on EURUSD.

A few things to notice about this chart. 1. Price bounces down from 100 MA. Before November it was bouncing above from it. This line is key. 2. MACD shows price doesn't have a direction and has been consolidating since December. When the market decides EUR is going up or down, large orders will be placed in that direction. 3. There have been a serious of breaks ...

maccabean maccabean EURGBP, D, Short ,
EURGBP: Trade of the day. Sell EURGBP. Perfect break below trend set up
43 0 2
EURGBP, D Short
Trade of the day. Sell EURGBP. Perfect break below trend set up

The break below the upward trending line is good enough of a signal to enter into a short position, however if you add to this a fall into the channel from overbought levels, plus a possible impending MACD crossover, you have a very good selling signal. The best time to enter might be once the price falls below 0.76.

maccabean maccabean NZDCHF, W, Long ,
NZDCHF: Trade of the day. Buy NZDCHF. Inverse head and shoulders
10 0 0
NZDCHF, W Long
Trade of the day. Buy NZDCHF. Inverse head and shoulders

Here is an upside down head and shoulders forming. Potential issue with this is crossed over MACD. I'd like to have a few more days to see if there is any further upwards momentum. Target is the 100 MA that the price bounced off earlier last year.

maccabean maccabean EURUSD, D, Short ,
EURUSD: Trade of the day. Sell EURUSD.
35 0 0
EURUSD, D Short
Trade of the day. Sell EURUSD.

Looks like there might be a declining double tap on the MACD line. This from my experience is very bearish. Where you have a declining line, there is almost a crossover, but only touches it instead and keeps falling. The opposite is true as well. CCI also shows falling price below channel. This is also bearish if it breaks below. In any case, target the 1.05 ...

maccabean maccabean EURCAD, D, Short ,
EURCAD: Trade of the day No.11 Sell EUR/CAD at top of range
24 0 0
EURCAD, D Short
Trade of the day No.11 Sell EUR/CAD at top of range

Profit targe is 1.45 Stop loss 1.52 EUR/CAD is trading at top of range with resistance between 1.52 and 1.55. This is where the CAD is oversold at the present moment. Linear regression on both the 100 and 200 period tells me that the price has room to fall to about 1.45 to 1.40. On a fundamental basis, CAD will be threatened by the price of oil drop but I fail ...

maccabean maccabean NZDJPY, D, Short ,
NZDJPY: Trade of the day No.10 Sell NZDJPY if price breaks support
52 0 3
NZDJPY, D Short
Trade of the day No.10 Sell NZDJPY if price breaks support

Looking to sell this at the right opportunity. Specifically if it breaks support, if it bounces up again, looking to sell at resistance. In either case, JPY as a safe haven will rise dramatically if stock market sees volatility to the end of the year.

maccabean maccabean EURCHF, 240,
EURCHF: Trade of the day #9 Trade EUR/CHF between the range
14 0 0
EURCHF, 240
Trade of the day #9 Trade EUR/CHF between the range

As you can see there is a declining overall trend but it's bouncing between the support and resistance lines. Here is a good idea to trade off the bounce. Overall, I see more likely a break above the resistance as SNB makes efforts to devalue the Swissie

maccabean maccabean EURNZD, 240, Short ,
EURNZD: Trade of the day No.8. Sell EUR/NZD after head and shoulders
18 0 0
EURNZD, 240 Short
Trade of the day No.8. Sell EUR/NZD after head and shoulders

Plus positive overnight swap means you benefit from being patient. Take care of volatility though leading up to end of year and Fed raising rates.

maccabean maccabean AUDUSD, D, Short ,
AUDUSD: Trade of the day No.7. Sell AUDUSD as MACD rolls over
45 0 1
AUDUSD, D Short
Trade of the day No.7. Sell AUDUSD as MACD rolls over

Macd rolls over as price approaches mid range support. A drop below this opens up the price to stronger support. A drop below this and we are looking at a mid .60 handle. MACD is one of the most reliable indicators that is extra strong when used in the context of other indicators.

maccabean maccabean EURZAR, D, Short ,
EURZAR: Trade Of The Day No.6 Sell $USDZAR.
35 0 0
EURZAR, D Short
Trade Of The Day No.6 Sell $USDZAR.

It seems the finance minister has been abruptly removed. Replaced with a little known politician. The rand seems to have dropped significantly, more so than reasonable and so I would say its devaluation is overstated. The fundamentals remain the same.

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