Psywin

Psywin

A good entry to go long at around the $1242. Set stop loss at $1236. Set target at $1350

Psywin

Today is the last trading day for June. On the hopes that China doesn't want to be called out as a currency manipulator, I think it's a good speculative trade to short this pair before it resumes its uptrend.

Psywin Updated 

So Oil pulled back sharply today (down 4%) and is near the support level... The idea is once it hit support the price will rebound to retest $72. Over 500 pips potential.

Psywin Updated 

This is just for my record keeping so I can look back in a few months time. Basically, if the dollar doesn't bounce from current levels it will continue to fall to around the 89 area which offers a much stronger support for a bounce.

Psywin

As highlighted, this pair is in a strong psychological area of support/resistance. My view is - I have a bearish outlook on this and expect it to fall through support. This is because I cannot see the USD rallying until the debt ceiling is resolved.

Psywin

Clear support and resistance channels have been established as this pair awaits Brexit. In my opinion, I'd play the channels until it is no longer valid so watch the actions in the shorter time frames for the bullish/bearish candles at the highlighted levels.

Psywin

GBP will snap soon. I noticed this chart picture is true of GBP/USD and GBP/JPY. Easy pips once the markets decide its direction.

Psywin

In my opinion, the Hang Seng Index is hitting a top, meeting heavy resistance in this highlighted red area, and is due for a pullback. Look for bearish candles/formations (Double Top) to confirm the pullback. Idea invalidated if index breaks out of the 24400.

Psywin

This is just an observation for reference only but the way the dollar has been rising seems remarkably similar to the way it rose back in 1995. Basically, we're at 1998 right now and I expect a short pullback during the first half of 2017 but lift out in the 2nd half back of 2017 to its previous high of the 120 area.

Psywin

Good to enter long on pullback - uptrend is intact supported by the strength of USD and no news of OPEC oil production cuts.

Psywin

Anything can happen, but it looks as though it has turned away from the upper bound of the channel and is heading back down. Given traders will be back in force on Monday, its probable USD will resume its upward path. Enter at 0.705 Target is 0.695

Psywin

Using Fib Retracement as a guide - potential 100 pip profit.

Psywin

Just had disappointing data from Australia causing the failed breakout. CAD Unemployment data later tonight could potentially break this Ascending Triangle pattern.

Psywin Updated 

Roll with the Double Top pattern and short. SL @ 3.122 Support at the 3.0900 area

Psywin Updated 

USD/JPY has just hit the channel top. Expect it will head higher to 106 if it breaks out of the channel or pullback to the bottom channel.

Psywin

EUR/CAD is approaching an area of resistance. Watch for consolidation in the lower time frames and an opportunity to catch the pullback.

Psywin

Keep an eye on this easy trade. Neutral for now.... Time frame 3 - 6 mths long on a clear break of the 1.45 -1.46 area.

Psywin

I would be really impressed if this rally can keep going without a pullback/breather. Easy short.