Hey,
> I think there's a good chance that we're going to see dollar strength this week.
> The overall trend is up but the euro is not going to make things easy.
> I'll be expecting some attempts from the euro to bounce from 1.20 and we should see it going from there to around 1.215 before lower prices. Which means that the euro will try to trap bulls all the...
It has been an impressive move since March and now it just confirmed another breakout.
What i'm expecting:
- Next decent resistance around 76, which is 2% up from where it is now.
- 74 should work as support.
- 77 mid 2021.
- A strong break bellow 73 will change my perspective.
Cheers
If USDJPY goes to 109.5 it might just give a great short opportunity for a +300 pips trade.
- It's the end of the month, so i'm expecting to have some dollar strength today (last day) and maybe tomorrow.
- It's good to remind ourselves that despite the fact that this month had around 1000 pip volatility range, this pair remains in a bearish trend and the monthly...
Hey!
If you look to the monthly chart you find that there's a very strong resistance around 73.5.
I want to see bears appearing around 72.9 with a squeeze to the main target.
There's also a gap at 73.6, so it's likely that will work as a magnet too.
Cheers
Hey!
OIL has been somewhat choppy this year, since the bottom in june, moving between 50 and 60 dollars without a clear trend. But even tough i don't see a clear trend i think that the fact that it broke 58.7 is very important, especially after that day when it went down more than 5% two week ago.
I'll be waiting for 2 major numbers this week, 58.7 and 60.5. I...
Hey!
I'll be looking for a bounce in that area. FOMC will play an important part this week, so be careful on Wednesday. But i won't be looking for big move, as the year gets to an end and PA looks to be getting more choppy, i'll be targeting 1.107 for resistance if i get the expected bounce.
Cheers
Hey!
Silver went up almost 40% in three months this year, from may to august and it has corrected about 16% since then. So my general view is that it will eventually resume the uptrend and the important breakout it had in may.
I'm watching 15.6 for support, that area will be very important imo. I'm not expecting that we'll go straight down to that area but i...
This pair has been quite heavy since it broke the wedge at ~1.95. There's a chance that the PMI's data coming out this week could be the signal for at least a little bit of a pound rebound. Though i'm not suggesting that'll buy the GBPNZD if that happens, waiting for a chance to sell is what i'm really waiting for. Here's why:
- It broke down a big wedge (with...
It went for a third drive on the 1hr chart and then broke down the channel with an impulsive move. This is suggesting to me that the move down is probably not over and there's a chance that it'll retest the 9.5k area, which should be seen as a chance to buy. Why? Because there's nothing suggesting that the very strong move it made this last 3 months is over, i...
I've already made an attempt to short EURGBP, the idea was then posted. The fact that it didn't had daily bearish divergence at the time, made me sceptical about my position. So as soon as it made a move down, i changed my SL to BE, because i knew there could be chance to pull the trigger higher. Which was exactly what happened. Last week it went a littler bit...
Hey,
There's a good chance that the trend of this pair changed last week and here's why:
- Broke above the bearish channel that it was on since the beginning of May.
- Daily MACD already made a bullish cross.
- Great RSI momentum.
- Plenty of room to grow until it reaches a major resistance at around 0.675.
I'm looking for a chance to buy this pair and i'll if...
It had a really extensive move to the upside already and Euro seems to be getting weaker by the day against most pairs. But the pound is yet to show its claws imo! I think that IF it closes at or bellow 0.893, there's a good chance for a greater correction in the coming days. The strongest support for me it'll be the 0.867 zone but at 0.884 it should have a small...
I forgot to post my original idea here, and i've only done it on twitter 2 days ago.
This is one of my favourite setups, when there's a clear break of a long term TL support, followed by a failed retest. I always have the patience to wait for retests, which sometimes makes me lose trading opportunities but when they happen they're usually very profitable....
Since the year started every dip has been a buying opportunity and there's no reason to believe that's going to chance. I'm looking for support either at 1.30 or 1.29 and will only look again into it if i see a clear move below 1.28. Most traders will try to trade against the market, but imo it's only consolidating before the next leg higher. Waiting to get some...
