I entered EURUSD intraday with a small 16 pip risk in the context of the dailly and weekly trend. Now, the market has confirmed that my analysis is correct do far. EGoing for 150 to 200 pip initially, and then 0.98, which is my quarterly target.
Yes, yes, GBPUSD is undervalued... however, I see that there could be a pullback for a good 87 to 165 pip trade. Entry: 1.428 MICROLOTS or 1428 small units Market at 1.2433 Stop: 1.2503 Target: 1.2346 Second Entry: 1.063 micro lots or 1063 small units Market at 1.2433 Stop: 1.2573 target: 1.2268
HERE is what an Intraday short looks like on USDCHF's Daily chart. lol!!! -The daily is making higher highs and lows. -It is harder to short. - I am swimming against the tide, unless I think the daily chart is at some kind of resistance level. Very hard to trade against the grain.
Scalpers market (!) Crown formation on the intraday...... going the opposite way!
I have to go.. I will update I am long USDJPY NOW!!
Tech reasons for the contrarian trade: (1) 4 hour breach of minor support (2) Negative reaction at resistance levels (3)Crown Pattern (4) Divergence Cons: (1) Meter still shows a bullish Australian dollar My Plan: Enter now and go to sleep. Come back in 8 hours to see how the market reacted and decide whether or not to stay in or get out!
GBPAUD: Hop in Short! Targets and put sop to break even level on the chart!!
BPCAD: GET READY TO SHORT! 1 ---2 --- (1) Pullback (2) At resistance (3) Bearish Croan formaion.. (4) Shooting Star (5) Overbought (6) CAD oversold
Nothing has changed. See the link below:
I am hoping for a push down on the DXY in the next two days for a long trade in the dollar. We do have a bearish Head and Shoulder's pattern looming over head. It is a pattern that may not be sustainable. For now, I am awaiting a good price in the green box below or at least around 100.60ish. We have divergence on the 4 hour, but in a triangular pattern like...
EURUSD: Short Scalp _ Tech Set up 60 to 100 pip target 1 or 2 microlot trade Tech reason: (1) AUD is definitely stronger than EUR (2) On a higher time frame, this pair was rejected at higher levels. (3) Trendline break (4) Minor support breached... (5) Bearish momentum Market at 1.3740 target#1: 1.3687 target#2: 1.3628 stop: 1.3805
I have been eyeing AUDCHF, EURJPY, CHFCAD and would like to add them to my list. A fellow trader. Tom Hall, also posted his view on the AUDCHF pair today as well. Technical Reasons to enter long: (1) daily and long term intraday uptrend (2) bullish sentiment (3) bounce from a 61.8% level (4) bounce from the bottom of a channel (5) Currency meter flipping...
Just like when a scalp morphs into something bigger. Today I traded with Barefoot Chardonnay California wine. They say wine is good for the belly; maybe wine is good for my trading, as well.
Fundamental: While I posted before that GBP is undervalued, I also posted that sentiment may affect this pair. Now, the GBP currency has another challenge ahead. It is called Yen-repatriation . Japanese exporters should be deferring their money back to Japan around this time. It could be too early. And GBPJPY may not be the ideal pair to trade. It would...
This is a Re=Post of my Fundamental Analysis and Technical Analysis A good currency pair is EUR/CAD. One shows signs of weakness ( EURO -0.19% ) and the other shows signs of strength (CAD). Fundamental: (1) Housing Starts up (2) Employment Change Up <-- The Canadian central bank meeting ists employment goals!! (3) Trade Balance (4) After reading the...
A good currency pair is EUR/CAD. One shows signs of weakness (EURO) and the other shows signs of strength (CAD). Fundamental: (1) Housing Starts up (2) Employment Change Up <-- The Canadian central bank meeting ists employment goals!! (3) Trade Balance (4) After reading the Business Outlook Survey for Canada, there is a clear line in the sand: "business...