Confirmed trend continuation on supertrend, was a sell last night but due to the JPY overnight news decided to wait for morning to trade and share the idea. Looks like a little uptick to be expected but is a go for a sell. Use Supertrend to trail price
Today I see a CAD crash because all other major dollar based currencies have already cut their lending and repo rates, there's a few scenarios that could unfold the most unlikely 1 being a rate hike with a hawkish outlook, what is most likely to happen today at 4pm is a rate being maintained but with a dovish outlook or a rate cut with either a dovish or hawkish...
The most recent rate cut spread over 2 months was about a month ago, expecting a positive result that can be buoyed by positive remarks from the board after tension on the economy was eased. Gonna be buying this pair at 06:29 CAT. Exercise proper money management. Maximum 50 pips minimum 0 pips trade
NFP day. A few hours away from the the 1st exciting day of fundamental trading monthly. Price suggests a potential uptick but will continue will sell stop strategy. 10 pips safety but will be trading mt5 today so no trailing stop. Hopefully we get some real excitement at 14:30.
Pairs to trade:
Sell stop on USDJPY( for a possible negative outcome) and EURUSD(for...
Planning to trade the fed rate with a safe approach. Gonna hedge the initial release spike at 20:00 hours local South African time. Intermediate trailing stops to maximise profit while minimizing risk. Gonna be a volatile event with expectations of a rate cut
EURO VS GREAT BRITAIN POUND, need I say more? Another great pairing on Tuesday with multiple fundamental trades on offer. End result unknown to me but looking to cash in a few pips with a sizable lot. 25 pips move in less than a minute on possible offer based on last month's activity
Very fundamental day for the pair on Tuesday as Zew sentiment for the Euro vs Retail sales for the USD. Looking to either buy/sell stop the 2 separate events or be bold and hedge them both 10 seconds from mandate with SL 5 pips from price using my cTrader account with outlook of atleast 25 pips in each direction or with a Trailing stop
It seems like the CAD will end the week on a high given its performance against other currencies across platform. Another pair to look at is CADJPY. They are all laced with candlestick patterns that suggest a move in favor of CAD against other pairs.
Based on heiken ashi and confirmed by a fractal the trend downwards will continue on the EURCHF pair. Expecting it to carry for a few days and to be closed at the first sight of a newly formed uptick on heiken ashi.