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We can expect $11-$13 on the next run-up, before a significant pullback. No utility accounted for.
We expect it to be in this area on/by Q1, 2021.
Once we clear and retest the 0.75$ area, we're all clear for launch.
*We just used DXY as the example. This is true across the board!
The Big Drought
A 10-year analysis on the S&P shows that the markets remain the poorest in the three summer months – June, July and August. Most traders tend to sell their positions in May, and try to reinvest in a fresh positions once the summer is over.
August Is the Worst Summer Month
USDCAD – USDCAD Is a Powerful Pair! FEEL FREE TO GO SMALLER!
Buy __ __ USDCAD at 1.32176 (NOW) -> sl: 1.31001 tp: 1.35113 (small lot – or half of normal small lot)
On 1.00 Lot:
SL = -117pips & -$889
TP = +293pips & +$2,222
Little cluttered, more for us to monitor than a clean setup:
CXY looks like it will drop...
GBPCAD – Untouched chart ->
Just fun to show, nice to see when we open up a chart that plays worked out.
NEW SHORT Trade H1:
Sell GBPCAD at 1.73299 (NOW) -> sl: 1.73556 tp: 1.72524 (small lot)
On 1.00 Lot:
SL = -25pips & -$194
TP = +77pips & +$586
Multiple Short Opportunities on EURUSD
From Monthly to H4 Timeframes.
Quarter of Normal "Small Lot" (1/4th)
Small Lot = 0.05 per $1,000 *Balance* MAXIMUM
EURUSD Weekly/Monthly Short *Long Term* Trade
Sell EURUSDi at 1.18029 (NOW) -> sl: 1.21091 tp: 1.09109
On 0.25 lot :
SL = -306pips & -$765
TP = +892pips & +$2,230
We want to get into this trade.
Not for accounts under $10-15K
Sell XAUUSDi at 1949.58 (NOW) -> sl: 1997.01 tp: 1838.52
1/10th normal small lot.
SL = -$474
TP = +$1,110
Just letting everyone know what we're doing.
Not a trade for many accounts!
Retrace hit our .5 fib perfectly. Entering our short now.
Going for an entry after a few weeks of avoiding the market.
DXY looks like it's retesting and going to weaken.
Sell USDMXN at 22.7597 (now) -> sl: 22.9584 tp: 21.5089
SL = -198pips
TP = +1,250pips (large/wide TP *for now)
1.00 Lot =
SL = -$872
TP = +$5,489 (large/wide TP *for now)
Roughly 40% risk on SL hit.
We've entered knowing the factors above.
buy USDCHF -> sl: 0.96134 tp: 0.97596 (small lot)
-42pip SL (1.00 lot = -$438)
+103pip TP (1.00 lot = +$1,076)
**HOWEVER** **we** may have to drop SL lower, so act accordingly.
BXY potential weakness coming this week.
DXY looking like it will gain some strength off the support trendline this week.
However we do see the potential for GBPUSD to break to the upside for one more leg first!
We have entered with our standard "small lot" (0.05 per $1,000 balance), however you may want to consider going half of that....