Getting in positions for a huge short of eur/usd down to 1.05. This sets up perfectly with the fib retracement at 38.2% back from 2008 highs now in a downtrend to 1.05 which is at least 1000 PIPs from here. Be sure to leave enough room for a pullback to 1.18 before the drop (worst case scenario) before the drop. I will update as we go...
CAd/CHF has setup for a bearish leg after a pullback in a down trend to a resistance line of 0.755. Also 0.5 & 0.618 fibs will act a resistance protection here. See short setup in photo above with SL and TP. this trade will be a 3:1 ratio. I will update as we go...
Entered short on this pair due to the pullback to trend-line in a down trend, the market created a doji (deceleration) on a daily candlestick and i have executed today on a bearish stick. Looking towards the 143.00 region. I will update as we go....
USD/JPY has setup for a short this week DXY has rejected key weekly resistance 95.00 with a bearish weekly candle, i think DXY pulls back from here before going long. JXY is also in a long term bullish channel which is near support. ENTRY: 109.500 SL : 110.280 TP : 107.867 I will update as we go....
EUR/USD has setup to go long for this coming week. As mentioned in previous article, DXY has rejected key yearly high level 95.00, i see DXY coming short before a long, therefore EUR/USD is primed to go long before is substantial short below the 1.14 level I will be adopting my usual trading techniques during this trade. ENTRY: 1.1640 SL : 1.1500 TP:...
EUR/JPY 0.11% i am starting to enter short positions after yesterdays engulfing daily closure of last 8 days action. See from image that the trend lines are indicating bearish momentum. After ECB Dovish meeting yesterday we are looking at heading towards the 124.00 mark. JXY -0.25% is also due a bounce higher off its daily bullish channel . I will update...
NZD/USD is ready for a short. Resistance @ 0.7040 has been touched and rejected, we now look to be heading lower towards the 0.680 region. SL : 0.7070 dxy rallying and the NZD weighted index is ready for a pullback I will be looking to hold this trade as we go down, bringing my SL further and further into profit as we proceed I will update as we go....
XAU/USD has positioned itself below 78.60% fib using now as a resistance. good entry point. SL : 1,309.00 TP1 : 1,288.00 TP2 : 1,275.00 I will update as we go...
Aussie Dollar in a 3 wave structure down, Dxy stronger amid FOMC