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Hi Everyone , Sorry I've been quiet took a vacay and enjoyed myself away from trading :) has to be done right ....... Turkey before you ask and it was amazing the food was immense ... So right back in here this pair has been testing along the way to say the least and what with the EU pumping money into the eurozone to boost stimulus has seen buyers stepping back...
Hi Everyone , So the JPY pairs currently getting a beating and the USD buyers seem to be coming back to the dinner table , I like this entry off the 200MA for this pair 4HR chart, if you wanted to be more reserved which I think I will be myself, wait for 1.0735-107.50 zone as its on the T/L support area along with the fib retracement line ..... Just encase we...
So Im short the pair long term have been for a while , but today's close is important as it will give us an average flavour of where the sellers are on this pair. Its broken the T/L support on the daily's , and its already forming a bearish candle again on the weekly's , if we close on another red candle this would confirm sellers are in fact in control here...
The pair is under valued long term but ..... Right now this is on the downward path ( long term ) and its starting to form the classic Bear flag pattern before it resumes again, Got my eye on oil, its turning over at price resistance ( see chart below ) it should get a bounce off the T/L due to opec cuts and the bigger picture looking better for oil long term, ...
Hi Everyone , I will keep it quick this is being pressured and Im like a cat watching a mouse ready to pounce ..... I have entries set so stay tuned ... Happy trading .
Right now , the USD has seen some flow today and its regained 75 pips on the day against the loonie , the USD in my opinion is undervalued and had a tough time of late , however right now its also a risk off day and the US MKTS could turn around tomorrow if they do we are short the pair from MKT but I just feel we are going to get another day of the MKTS taking a...
Hey gonna be quick here , got a sell order in at the 0.618 fib line so if it spikes after breaking the T/L and triggers stops here today im a seller of this pair and not a buyer .... Its only getting propped up because the Aussie is seeing weakness on the day due to the data and a risk off mood today in the MKTS... Its been failing to make a higher low for a...
Watching like a hawk and will be jumping when the time comes .....
In long @ 0.9330 S/L @ Break even for now as oil is getting a bid on the day and broke out of the T/L resistance . Plus CAD data up later.
Selling this soon .... Stay tuned
Break the neck line and off we chop , also its made a lower high so the buyers are trying but losing the battle slowly by not acheiving higher grounds .... Ive been scaling in on this short as you know for a while now .. Remember right now the ECB are pumping in loads to inject the eurozone economy, but it still doesn't deter from the fact it devalues the...
Okay waiting for the 4HR close, so far its a good candle and bullish , 0.618 fib line and the T/L support all lead to the buyers stepping back in now , also the MACD has turned into bullish territory too, so entry set @ 0.9340 Stay tuned ....
Okay , If we get confirmation with a good close on the weekly candle then im personally going short as we're in a good zone right now . Updates at the end of the week .... Stay tuned into radio pips LOL
We are approaching another go at breaking the T/L , but we have price resistance and the 200MA so lets see what happens. I think we turn over again for now right at the 200MA ... Happy trading
Okay people , We are in @ 0.9420 Stop @ B/E just because today Im not expecting it to come down straight away due to a risk on mood and the Aussie seeing some buyers step in again .... TP set @ 93.50 Oil rising on the day but looking like it may turn over for a pull back ... Which would mean the AUD would strengthen against the CAD so be aware on the day .....
Hey we got in on the break out of the bull flag ( see earlier post ) We are now soon gonna take profit and sell at the key level 0.786 fib line ..... Eyes peeled ... ( not literally LOL )
Stay alert on this pair, Its all about the Virus cases and the US MKTS along with OIL . If Oil turns over for a bit and the MKTS too this will pop .... Stay tuned I will let you know and even if they don't then this is in a peach of a sell zone right now be patient .....
Okay , This is now undervalued and with the USD getting the buyers stepping back in due to the US MKTS turning over and money being taken out , there is a risk off mood as cases rise of covid 19 in some states of america and India . This will see the both oil pullback and the CAD weaken . Good trade we have set entry on the T/L on the shorter time frame...