Trade Background: Not much to say here, due to the fact that this trade is in such a small time frame and is relying solely on technical analysis. Trade Idea: Positioning: Buy Time frame: 30M Length of Trade: 1 day to 2 days Entry: Between 1.7075 to 1.7065 Stop: 1.7060 Exit: 1.7140
Trade Background: Gold is currently forming a triangle structure. A buy position may be wise at this point considering that the global market is approaching correction territory. In which, if the market continue its move lower, it will most likely give gold a bullish push. Trade Idea: Positioning: Buy Time frame: 1H Length of Trade: 1 day to 3 days Entry:...
Trade Background: Price broke off a bullish trend channel last week on May 23th. Since then price has been trading in a bearish channel. Now price is testing final resistance level again.Which gives us traders a good opportunity to short this pair with limited risk. In addition, with the global equity market nearing correction territory, it could give the Yen a...
Trade Background: EURNZD has tested major resistance level last week, when price failed to move higher after approaching 2019 all time high. On another note, EUR is currently very vulnerable to volatility due to the results coming out of the EU elections. This is great for us, as volatility is exactly what we need to kick start a reversal on this pair. Trade...
Trade Background: Price has been in a pullback since its massive tumble last week on May 23th. Now price is edging closer and closer to major resistance level of the channel trend. Trade Idea: Positioning: Short Time frame: 30M chart Length of Trade: 1 to 2 days Entry: Between 59.15 to 59.35 Stop: 59.50 Exit: 58.00
Trade Background: Bearish Breakout GBP continues to fall despite quite positive economic data coming out last Friday. This shows that the market has little interest in UK economic data and is still solely focused on Brexit. It's all about Brexit! Nevertheless, price seems to be breaking the bullish trend that spans back to February. If price continues to fall...
Trade Background: Bearish Reversal Price has returned back to major resistance level of the bearish channel. Where the sharp recovery in price resembles a V shape formation. Now that the week is almost over, we're going to see a massive amount of economic data coming out of UK in less than 3 hours! These data include Q1 GDP, Manufacturing data, Total business...
Trade Idea: Bearish Reversal Copper price has once again bounced back to the final resistance level (the 3rd time). Since mid September, price has been trading in a bearish channel, supported by poorer & poorer data coming out of China. Look for a potential reversal as the market resume pricing in poor economic datas coming from China, trade war dispute & global...
Trade Idea: Head & Shoulder Breakout Amazon stock seems to be forming a head & shoulders pattern on the edge of final resistance level. Now that price is at the end of the pattern formation, look for a break and consolidation below the 1615.00 neckline. Trade Step-up: Short Scenario: Wait for price to consolidate below 1615.00 to confirm the bearish...
Trade Idea: Bearish Reversal Price has attempted to move above the resistance level (indicated as the red line) for almost a month now. Now that price is back at final resistance level, look for a potential reversal to the downside. Trade Step-up: Short Scenario One: Price rejects a move higher, bears take over. Target price is .7050 & .6950. Scenario Two:...
Trade Idea: Bearish Reversal Price has been consolidation at the edge of the channel for almost a week now, indicating that price is exhausting its bullish swing. Trade Step-up: Short Price rejects a breakout from the current channel trend. Look for a reversal to 140.00 & 125.00. Stop loss at 165.00.
Trade Idea: Bullish Reversal EURGBP reversed from the final support level from the bearish channel, spanning back to early December. Now price is surging from the extreme level. With Brexit still two days away, there's more than enough time for the market to swing sharply before the vote on Thursday. Trade Set-ups: Scenario One: Price continues its surge to...
Trade Idea: Bearish Reversal USDCHF surged to the topside of the bearish channel last week as risk appetite returns. Now that we're entering a new week, there are still a lot of headlines that could bring back volatility (Brexit, US-China Trade & Government) to the markets. Trade Step-ups: Scenario One: Price reverses from current resistance level to the...
Trade Idea: Bearish Swing The stock price reached a new 52 week low the day before Christmas at 123.00. Since then price has been in a strong pullback, where price is now trading in a narrow range between 140.00 & 145.00. During the pullback, the market has created two big gaps. This is significant as 90% of gaps will be filled. In addition, the stock price has...
Trade Idea: Bearish Swing Trade S&P500 had a strong recovery after wiping out most of last year's gain. Since then price has been in a pullback, where price seems to be trading in a bullish channel. Now price is trading at the topside of the channel, in which price has been struggling to break the current trend. Thus, it indicates a potential move for a bearish...
Trade Idea: LONG Breakout Trade Oil broke the trend channel yesterday along side the S&P500 and other major indexes. This indicate that the strong bearish run that started back in early October of last year, in which price fall by as much as 45%!, could finally bottomed. If this is the case consider the following trade idea. Trade Step-Up: Scenario One: ...
The British Pound face huge uncertainty ahead as the house ordered PM to publish the legal Brexit agreement in full. In audition, MPs passed an amendment that gives them more of a say on the final Brexit bill if PM May’s agreement is voted down in Parliament next week. Which means quite likely. In other words, the British pound could fall further in the coming...
Introduction to Trade Step-up: Bitcoin essentially saw its value to almost half in just a month. Now price has been trading in a short-term bullish channel ever since. Trade Step-ups: Bullish Reversal: Price rejects a breakout from final support of the bullish channel. Profit levels to look for are 4400.00 & 4600.00 respectively. Bearish Breakout: Price...