So on 27th of June the market made a then 7 month low. (Low) It later retraced back the 0.685 area where we had highlighted as place to short. And then it went lower as expected but not as low as expected making a 'higher low'. Last week it retraced back the .6855 area, then bounced back but this time making a higher higher low. This is are indications of a...
OANDA:SGDJPY Entry: 81.55 Stop loss: 81.15 Take profit: 82.85
We think the polish zloty has reached a significant resistant level which has been very profitable in the past. As always do not forget to put in your stop loss. The only certain thing in this market is uncertainty.
FX:USDJPY The market retraced to the 110.8 area. A level where we were looking for bearish weakness. Entry: 111.35 Stop loss: 110.65 Take profit: 113.1
After bulls broke the 129.5 to 130.0 area it has retraced back to it. We have an opportunity to jump in the short term bullish trend. Entry Price: 130 Stop loss: 129.4 Take Profit: 131.9
FOREXCOM:EURPLN Entry: 4.335 Stop Loss: 4.353 Take Profit: 4.291 Of course all this depends on how EurUsd is going to play out. We will be watching EurUsd keenly to know our next move.
Entry: 75.8 Stop loss: 75.350 Take profit: 76.8
After price broke through the weekly resistance, it retraced back up and formed a bullish pin bar after forming a new 2 year low. The bullish pin bar rejected the new low indicating the bulls had regained their strength. Entry: 0.68 Stop loss: 0.665 Take profit: 0.738 Disclaimer: This might take a couple of weeks to mature.
TVC:USOIL If price does not break the 67 area we will be looking to go long. But if price closes significantly below 66, our market sentiments will shift to bearish. But as per now we wait for either a rejection or a break of the level.
FX:EURNOK Entry Price: 9.513 Stop loss: 9.543 Take Profit: 9.405
Took this one yesterday. Apologies for late post. Though it is still yet to move significantly so you can hop on it. Entry: 30.6 Stop loss: 30.85 Take profit: 29.2