About meI'm currently a college student at Chemeketa Community College. I got introduced to the currency market almost a year ago and now I'm working my way up to become a FX analyst. I think that practicing retail trading skills would be great for experience.
Even though we had the most recent bullish news from Yellen we could expect USD to be strong. However, Mexican Remittance day is approaching near the end of the month and money from migrant workers are being sent to Mexican banks because they have no bank accounts in America. Therefore, we should try to find resistance towards the end of the month when Mexicans...
This looks like a pretty obvious spot to short this currency pair. In the recent COT report, there was no recent actions with the swissy, and USD pairs seem to have gained some strength against other pairs. I think there are pretty good reasons to maintain a short on this pair for a while.
I'm expecting this pair to bottom up pretty soon. Were at monthly support and I have a very bullish sentiment on the GBP.
I'm going to wait until we hit a point of the nearest structural support and buy this thing when it bottoms and my oscillators tell me to do so.
I was thinking about shorting it at 1.08900 but it seems like i missed the long candle wick yesterday. This rising wedge at the end of the harmonic seems like the market bulls are pushing up and they are about to break resistance.
After a long downtrend, I think we are reaching a reversal zone. I'm getting a bit of bullish divergence. However, I'm expecting this D leg on the harmonic to extend a bit further because of the bearish moving averages.
Two things are needed for me to buy this:
1) We tap the monthly S1 - which we are not far away from.
2) The MACD crosses up - making a higher low.