Still not in a short position but was expecting to see this push down. Just thought id break it down and show the next couple areas I'm interested in, long term I see the trend continuing but ill be looking for longs on the retracement just in case.. always remember to trade with a plan and stick to it!
Looking for price to make a continuation hopefully off the back of some USD strength, as I've covered fundamentals can change things very quick but if you can get a position before anything affects the market you can give yourself the opportunity to catch huge moves! Trade smart and keep on top of your risk management! good luck
Looking to see if price is going to fail its next attempt to push higher, if we do see a rejection and right shoulder ill be taking shorts. Remember we have fundamentals at the end of the week that can change things very quick so make sure you have stops set and if price gets to wild its probably best to just stay out!
This one playing out exactly as explained earlier as well as the other USD pairs I was looking at. I didn't take entry's on all pairs cause that would be exposing my account to to much risk from the same currency (USD). Price has now pushed down between consolidation range so I expect the support of 0.64500 to be tapped at the least (taking 30% profit on...
Looking for the larger move so position myself at the resistance of 1.15 to try and catch shorts.. even if we dont get a big move from here we should see a small move down at the least to respect short term structure.
EURUSD I'm expecting to see another longer term push down to 0.95600 to continue long term trend as DXY bulls still in full control. Another failed push into my sell zone will be confirmation for me to enter shorts to at least take out 0.975 but hopefully back down to long term support at 0.956.
Looking for a right shoulder rejection to either give us a opportunity for a long term short or at least just tap into the support of 0.09. Personally ill be waiting for that initial push down and look for that confirmation fail back up before taking entry's.. but I can see some huge profit potential if price can move in our favour. Just remember DXY is very...
Ill be monitoring price around the highlighted zone (91.650) early next week to see how price reacts. We should see a bounce at the least which ill be taking long trades to give myself the opportunity to hopefully see price return to the resistance of 95.700. On the daily you can see we have already had one rejection from this support zone, so a nice morning star...
Targeting the area of 1600 but would encourage you to take some profits if in this trade as we may see price make a push up to continue the downtrend. Also as import to exit positions as it is to enter...
Huge sell off last week as the USD continues its rampage.. The only trade idea I have at the moment is some quick intra-day shorts back into the supportive low at 1.04 or a rejection from this area to create a longer term retracement. I'm not interested in any of the current areas and will be waiting for price to create some easier levels to trade from!
Don't really have any specific area for entry but ill be looking at placing shorts purely based off the bearish candle formations for some easy sell offs. Ill be aggressive with the stop loss as we do chop around a bit sometimes with these pairs.
Looking for similar situation as EURUSD and price to make that next leg to the downside. We are creeping into that resistance level once more so a rejection from here I will be entering short trades.
Still monitoring around support but hold stops at break even now as I don't want to stay stuck in a consolidating zone. Wouldn't be surprised to see a break as you must keep in mind overall direction.
Keeping a close eye on USDCAD around 1.3 resistance area for a possible rejection and trend reversal. Also remember the overall price direction, even though there is huge profit potential always cover your trades at break even or a capped risk amount! Trend reversal areas can be very manipulating... An even better trade would be price to show a sell off then look...
Still not in short trades and probably will be standing aside until we see some clearer direction.
Looking for price to trickle back down to the supportive area of 0.83100. Even if price does want to continue to the upside we need to see price follow market structure and make a retracement at the lest. So either way I hope to catch the big move but if not we can put ourselves in a nice risk free short trade.
Looking at now jumping on the next upside move as I missed the reversal last week. Price is already rejecting a retracement area so from here ill be watching very close for entry's.
Looking for AUDUSD to sell off and create the overall longer term continuation back to the downside. Price is looking like its ready to drop im just waiting for the best entry point!