ECHOTRADINGGROUP

ECHOTRADINGGROUP

Anticipating overextension on the dollar could imply a nice short for the following reasons: Supply zone which is unmitigated. If we reach the 61% significant fib it means that the 38 and emas are induced -> Trapped retailers Nikkei correlation roughly the same distance away Yours truly, ECHO FX

ECHOTRADINGGROUP Updated 

We have seen a volatile loop on the euro recently. Here is a quick take on the possible short selling we might anticipate from this vector level. Timeframe -> H4 Confluences: -> Break retest of previous vector level -> Significant reaction off swing high/low 38.2 fib -> Break retest of 200 ema on current timeframe. ECHO

ECHOTRADINGGROUP Updated 

Finally back on tradingview, ready to bump some content for you guys. Here we have a combination of our SMC and intraday strategy on GBPCAD: This fair value gap alongside a nice local low should provide us with some room to move upwards. The pending around the 61 fib is the ideal place to take a long from. FX:GBPCAD - 61 fib level - FVG formation being placed...

ECHOTRADINGGROUP Updated 

Interesting developments across NZD and AUD pairs. Looking at the inneficiency amongst those pairs we notice small pullbacks back to previous local highs. This could be an aggresive short opportunity based on: - Local high liquidity area - profit taking level at that high - 61 significant fib is near -100 ema is near Wide stop is used around 40 pips to give...

ECHOTRADINGGROUP Updated 

Alongside NZDUSD, this NJ trade can come in handy with correlation to NZD bearish sentiment as a whole. Pending is based on: - Key level break retest - 50 fib retest -Correlation with Nikkei Smaller stop used here as with JPY pairs we hope to see a quicker reaction ECHO

ECHOTRADINGGROUP

Back on tradingview and momentum is kicking in the markets. Gold and its little brother silver have been playing nicely recently by swinging their way down to fresh new lows we have not seen in a while. This gives us a nice significant fib which we could short off of. We have set two pendings as seen on this chart, on both the 61 and the 38 fib. Each classified...

ECHOTRADINGGROUP Updated 

Markets are finally moving again. As anticipated that bullish GBP sterling movement has been found. Helping us reach our TP and swing movement across GBPUSD previously mentioned. Seeing the huge bearish movements based off of weekly downtrends. A good retracement upwards will provide us with a nice entry to potentially short back down to a local level. We have...

ECHOTRADINGGROUP Updated 

Seeing we are closing the month in combination of the end of the first quarter we could see erratic moves take place. For the POUND Sterling, their financial year starts in Q2. Based on seasonal patterns and what we have witnessed lately the last years, APRIL -> Bullish GBP. Have a look at our analysis, see what you can find out. We have set a pending order at...

ECHOTRADINGGROUP

As last month closed our some interesting movement across JPY YEN pairs, with safe haven flows and profit taking occuring after those BoJ numbers we can assume that some sort of pullback can be made. Huge 500+ pip move that occured from the bottom. As mentioned with GBPUSD which remains active, APRIL usually entails a bullish GBP. Have a look at our analysis, see...