DAX has a nice rally today. Could be the end now, with a pivot point forming on the 4H EMA200.
We are in a downtrend channel, and 11500 is a key level that has to be retested !
Let's see, Powell and the FED announce might push the price higher, so manage your risks
Expecting a retrace of GBPJPY for several reasons :
- Holding at a Fibo level
- Fast MACD Crossing
- News from Japan coming
Low risk setup, targets are on the chart.
Trade might be invalidate tomorrow by UK numbers tomorrow morning (GMT+2), so size your position accordingly.
Trade safe, manage your risks
We are bouncing on the 0.618 on the daily chart. It is a bullish sign for me, as even the bad news of this week didn't managed to push deeper that pair.
Entry : 144.30
Take profit : 149.02
Stop : 143.73
Risk/Reward ratio : 7.7
Historically, the pair is still at a very low level. It could be a nice long, especially if we get good news in the coming weeks...
Fresh early monday trade. EURNZD trending down, and we might see another leg down.
Few reasons for this :
- MACD has reset
- RSI is neutral
- EMAs are all aligned south
Aiming for a R:R of 3.
I've been lurking on this pair for a while, insane volatility !
Anyway, it seems that oscillators are starting to diverge.
It's a bit risky trade because fundamentals on GBP can switch really quick.
Manage your stops and risk, and be patient. We might see another small leg up before a strong and huge drop !
I had a bearish bias for this pair, but if EMA100 hold (1hour to finish current candle + 4 hours to see where the next one heads to), we can expect another leg up !
BUY : Now
SELL : 1.33 (or higher depending on the impulse strengh)
STOP : 10 pips below EMA100
Key points to watch : Next candle direction, and tomorrow US Payroll and Employment report
Feel free to...
We have an easy continuation channel here, very low risk (as we are already on top border). EMA100 plays a resistance role too, we gonna use it as a stop loss.
Manage your risks.
ETA : End of next week.