I am a bull on NU simply because my technicals say so. Following last week's USD events, I am choosing to believe my technicals, which are at least for now aligning with fundamentals and rock with the bulls on NZDUSD
I have bought AUDCAD based on my technical analysis that has confirmed that bulls are in control. Its been a while since my last setup but one lesson I learned the hard way is this: when markets are choppy, find something else to do and stay away from the charts :D
I will be buying EURUSD at market open tonight based on my technicals. The euro bull-horns seem to have sprouted at the close of last week. For those who have been asking me what I am using, it is simply technical analysis aided by proper timing and God's grace :D
I remain A BULL on EU.
May the pips be with you if you gonna mirror this.
Test-run for my simple technical analysis strategy is still ongoing. Target sample for full confirmation is 50setups.
Start date: August 17th 2018
Setups Shared: 24 (public) 4(private)
RESULT as of October 14th 2018 (almost 2months)
TP = 24setups
SL = 4setups
Win Rate 85%
Show some love to this post with your likes and comments and enjoy the rest of the setups...
GBPCAD has given me bullish confirmation on H4, BXY -0.09% is yet to break above previous high but RIS is seating above 50, CXY is bearish and RIS is below 50.
With GBPCAD price action currently above all my trusted MAs, I am now a bull on GBPCAD, and even if it spikes and stops me out in the short-term, I am still a bull on this pair for the most part of this month :)
EURAUD has enjoyed a healthy uptrend for 10 straight days and now seats at nice demand zone - a previous daily resistance and also RSI is in the 80 level zone. AXY is currently oversold while EXY RSI is already below 50 and price is seating the 200EMA, which is a solid resistance level.
I am assuming this is a psychological level which big players are watching and...
I really dislike how the corrective waves are- but we are rolling with it. I have mapped out a plan for all the given situations on the chart.
Potential b leg on a corrective wave opportunity due to a bounce on the trendline, ema and RSI levels support this play.
Could be a really good pick up for a longer hold if the formation doesn't break down.
There is the...
Which one will it be? we are currently in a bear market on EURGBP but we are presented with two harmonic patterns! which one will it be? Long or short or both? .... its an H1 chart so it wont be long before we find out this coming week.
Two butterfly patterns on GBPNZD - make your choice which way you wanna trade. Remember, my patterns often deliver well on C entries. Its also important to take note of the support and resistance levels because price action tends to react to them more often than not.
The CHFJPY is in the middle of its corrective phase which started when price action touched the lower end of its horizontal resistance area. After that this currency pair has accelerated to the downside. I expect a continuation of the down-trend until price action can challenge its horizontal support area. Any level above 114.000 represents a good entry...
Am scaling my short entries on this butterfly for next week. A very tiny bet on entry 1 then wait to see what happens in the course of the week. Once bearish momentum is confirmed as per the harmonic pattern, then I may consider shorting a standard lot at C.
AUDUSD is bullish on the monthly outlook. It enjoys a double dose of bullish momentum. The first part is...
Two harmonics with two opportunities. Happy New Year!
Fundamentals to watch:
-Australian Consumer Inflation Expectations
-Australian Employment Report
-Chinese Industrial Production
-Chinese Retail Sales
-Chinese Fixed Assets ex Rural
-Swiss Producer Import Prices
-Swiss National Bank Sight Deposit Interest Rate