Going short here. Rejection on trendline and daily EMA. SL around 1.083 above highs. Looking at 5/1 RR.
Trade sent. I’m going long here. Break of structure, retest, aiming up towards 1.665, through to 1.68 in extension. NFP this week, Memorial Day yesterday and a UK bank holiday. Trading carefully this week as we will probably see a lot of volatility that can burn accounts.
Selling CADJPY. Failure to reach a new high. MACD & RSI signalling. Expect this pair to fall back to bottom of the 1hr channel around 101.5 / 101.0
Better than expected us data earlier. Can’t see much stopping EURUSD heading back to 1.05 support level
I am buying AUDJPY. Clear consolidation on the upward trend line. I expect we’ll see a drive up towards 93.0, or at least recent highs of 92.0
I am selling EURJPY. Failed to extend beyond the last high. RSI looking OB. Expect a fall back to 146.0, if momentum carries through 146.0 you could see a fall back towards 142.0
Seeing a break in structure here. Big movements In Oil potentially driving a bullish run on CAD, as well as lower CPI figures in the UK, I think this is a good short opportunity. I’m in. SL 1.687, target 1.65 short term, 1.625 with momentum.
Going short here. Break in structure. Continuing downtrend from last week. Target 1.42
Expecting this pair to fall back to major support around 1.90. SL 1.988 10/1 RR.
Expecting GBP to slip this week. Break in upward trend here, expect a fall back to 1.65 in the near term then potentially out to 1.62 in extension.
Going long here off trendline. Expect a retest of recent highs around 0.92, SL around 0.893
Going long here to 0.583. Good momentum and expect the pair to test recent highs. 5/1 RR. SL around 0.56
Broken 138.0 and held. Waiting for US opening and Volatility to clear, then will be looking long back to Nov. 22 levels.
Still some way to go for this pair, I expect it to fall down to 1.22. Looking for a SL above the 200EMA.
CADJPY broke 101.5 last week and has held through this mornings open. Waiting for US to wake up, then will be looking to go long here up to 104.5, SL around 101.6
Going short here. GBPAUD struggling to gain momentum. Seen a break in structure and a retest fail to regain lost ground. GBP selling off against most pairs recently, suspect we’ll see a move down towards 1.82/80.
Watching USDCAD here for a break either way. I remain neutral & will follow the market, but good to highlight the pattern to others. What do you think?
Looking OB to me. With the US debt ceiling conversations pushing markets yesterday, there is still a lot to do to get a deal agreed. I suspect markets are over pumped, and we’ll see a fall back into US open.