Fundamentally, looking at global equities, data from the US, Fedspeak and Yellen's comments, USD should be trading much higher. Why isn't it? 1) JPY-positive flows before the end of the Japanese fiscal year 2) 'Uncertainty' of the Trump administration 3) Profit taking at 115.00 - including option defending and strong sell interest However, I view this as...
Will the bouncing continue? We see a clearly defined, triangle-narrowing movement on this pair as we're respecting both structure and trendlines more and more lately. We're heading into a triangle, and price-action seems pretty determined. IF it continues we could pick up some profit on the way. It might aswell be a trap, with a break to the upside. I chose...
A setup with two targets, triggered by the 0.618 retracement of the double top. And, the retrace also runs into our falling trend line. First target - retest of previous low. Second target - above historic support level Feel free to ask if somethings on your mind, I'm as transparent as can be. -- I do not recommend using my charts and ideas as a signal to...
Opportunity to get short with structure + fibo based entry. We're running into previous support which could act as resistance. Adding to the case we're hitting 0.618 fib. Adding to our defense we also have falling trendline. Targetting historical support level. Lets see how we do.
NFP reaction has given us a chance to add to USD longs for the medium-term. Fundamentals haven't changed and are still in play. Weaker wage growth doesn't change the fact that a structural dollar shortage and monetary policy divergence remains.
We have a structured based opportunity to get short. Overbought condition while hitting a clear structure zone which should act as resistance. As a parachute we also have a falling trendline which should protect our stop loss. Decisive bearish candle acts as my signal to entry. Target historical support level
A potential 2618 setup is closing in on 15min XAUUSD. Price is currently meeting resistance at a previous strong support level looking back on higher time frame. Perhaps this could add to the case with the price consolidating around this area, and just maybe push price back down enough for us to profit. Im not looking for extended targets, only retest of the...
2618 completing any moment, and above we have batman soaring. I put my entry order in between these two aiming to follow these down to 1.25000. Lets see if we get picked up this time.
A broken bullish trendline, now acting as resistance Several previous support levels broken, now acting as resistance What could go wrong? Well, we shall see!
Bearish bat with trend line together with structure as resistance. Lets see if we can squeeze out some profit
Bearish Cypher completing below previous trend/pennant line. Although it has already been violated, it could potentially hold some resistance. Lets see if it, with the help of Mr Cypher, can beat the bulls.
Time for a correction before further upside
As USD trembles, XAU makes its path upwards. I will enter above 0.618 fibo (see chart). Entering late will give me a better risk to reward ratio, sure, it does also decrease my chance of getting involved - but I will live with that. Trend + structure were broken on the downside, which adds to the case with this 2618 trade. Order is set, lets hope we get filled!
We have a double top followed by break of structure to the downside, followed by a retrace to 0.618 fib - which gives us an opportunity to get short with 2618 strategy. I trade this setup without waiting for confirmation by, for example, engulfing. However, I put my entry higher than 0.618 to get better risk to reward. Target just above a previous structure,...
Pair is reaching some very important levels for the short and medium term. I am waiting for the price to get stuck somewhere around 1.0850-1.0930 and i will be looking from there. Very short term it makes sense to buy at current levels.
Today's month-end rebalancing flows were understandably USD negative, given the recent USD positioning in the market. They have given us excellent levels to add to USD longs. The USD uptrend should resume, given the strong fundamentals in play. Donald Trump's jawboning simply cannot weaken the USD materially, since he cannot reduce the structural dollar...
Bond yields are moving upwards - NOT because of rate hike or inflation expectations - but because of changes in term premia of longer dated bonds. Investors are demanding a higher premium to hold longer dated Treasuries. This naturally pushes bond yields up. DXY is normally extremely correlated with Treasury yields. Right now, DXY is trading at a discount...
See description on the chart. As for the placement of stops and targets; I see these two as completely different trades with each rule set. Hopefully, we get filled with the gartley before taking both targets. Alternatively, we shoot upwards, continuing our bullish journey. After all, we're in a bullish channel. :)