- Pinbar setup at Trendline & 200 MA
Appears that USD is weak across the board, Commerzbank backs it... so should you lol In technical terms: - Extra Pinbar (Nice and tasty) - Downwards Trendline (May 2019 onwards) - Profit Target at Monthly Pivot Point BWOY Tell me I'm wrong.
Price spiking and recent MA cross + Bearish Engulfing Candle
After 7 weeks of lower lows for the USD, I see potential for the beginning of a turn around in the greenback. Strong jobs data last week from the Fed and US ISM predicted positive early next week, followed up with rate decisions from the BOE, RBA & RBNZ later in the week. Technically, DXY is reacting with the bottom of a two year channel, but is yet to close above...
Bouncing from top of Channel, position opened yesterday evening, watching how price reacts with next set of Pivot Points. Roughly 3/1 Risk to Reward, stop loss moved this morning from 2/1. Have a tasty friday, See ya later daters.
I had a nightmare with this. Thought I would be extra clever and set an order in each direction with with my Spreadbetting account and with a trailing stop loss on both As you can see the sell side "should" have executed perfectly... due to slippage the price moved so quickly it skipped right past my order :') safe to say we learnt something today
GBPUSD bound in short term range, 2/1 risk reward, trailing stop at 15 pips.
Hes doing it again! UK up shit creek without a paddle, enjoy!