IkonicFX

IkonicFX Updated 

Looking for a price to continue its bullish momentum, could see a possible double bottom form at or around the 1.17300

IkonicFX

Sell on pullback to the neckline of the pattern.

IkonicFX

The Fed will start cutting its $4.5 trillion balance sheet in October, initially by just $10bn per month. Fed chair Janet Yellen said the normalisation process would be gradual and predictable. Policymakers also left US interest rates unchanged, at 1.25% to 1.5%. The Fed committee expects to raise borrowing costs once more time this year, followed by three raises...

IkonicFX

Looking for a short trade, possible between 25-50 pips, nothing major. Short position can be open after we get close below the blue ema (closed bar should have little to no wick.

IkonicFX

I'm looking to sell the USD if it pulls back and reverses from the 111.575 level. Stop loss above the 112.784 (not set in stone), not risking more than 1% of my capital. Final target around the 109.939 level. Trade will also be based on the market sentiment / any data release on either currency.

IkonicFX

Based only technical analysis the market looks like it will be selling off for the rest of the day or it might be a possible stall until Sunday. I'm looking for a nice pullback to my 65% Fib, I use the 65 or 78, Those are the numbers that work for me.

IkonicFX

Based on current data over the last 3 months on the USD dollar investors are more dovish in my opinion. I'm looking for only long trades until we have a clear direction on the U.S economy.