See callout bubbles. Big-time EUR and USD event risk coming up the next two days, so I am only buying/selling at the 'edges.' We should see some nice price movement. Here is a possible place to jump in Long on the EUR against the USD. I want to see price drop down into the zone and make a nice bound out. No targets yet. I want to see where the sellers are before...
See callout bubbles. The higher time frame is telling me to go short on this pair. If we can catch price in one of these levels, we may be getting in at a really good price to buyback later really cheap for profit. I'm looking for just a little pop in the EUR tonight to either of the highlighted levels ad then for price to move away and continue lower. Overall,...
See callout bubbles. I will look to Buy in the green highlighted area. Price targets will be chosen based upon what the market looks like on entry. The demand area where I will be looking to Buy will probably he highly contested as it was formed off of a bounce from the 100 EMA on the W chart. See my Idea on Oil for more insight. There is demand for Oil forming...
See callout bubbles. The EUR against the commodity currencies is on an overall tear up, however, it looks like that trend may be slowing and/or reversing. That tells me that I should look for an opportunity and get in early before the big move comes. The AUD also looks like it wants to pick up some steam, so it is at this price level where I will look to go...
See callout bubbles. We're currently in this trade Short, but I thought that it would be good to share some of the things that I use for confirmation, such as looking for Divergence on the RSI indicator. Currently, price has come into our supply zone and it looks as though the buyers are losing strength. RSI on the 1h chart would confirm this as we see price...
See callout bubbles. We'll need to see some weakness out of the NZD, but if price gets back up to red highlighted zone, I would expect price to correct and head down. I believe that there is some good potential with this one!
See callout bubbles. DXY is currently ranging higher, but it's coming into a nice area where I believe sellers will have the upper-hand. There is an inverse equivalent demand zone on the EURUSD if you can't trade the DXY like me. See my Idea on the EURUSD from 12/4 for analysis.
This is really interesting, so I wanted to throw it out there… BTC rallied last night and almost came up to 13k, yet the other ‘major’ cryptos stayed pretty quiet… Relative to recent price action, this is very strange as we have often seen them all rally together. This could be a good sign for us as it is showing us that LTC and ETH may not be so vulnerable to...
See callout bubbles. This setup is pretty simple. We have MXN event risk tomorrow 12/7 as well as USD non-farm payrolls on Fr 12/8. Should be some nice price movement within the next two days, so this is the trajectory I would like to see. Let's see if the market will take us all the way down to the bottom of the range ; )
Supply zones are forming above current price. USDJPY is down and looks like it's in position for even more action to the downside. Will likely see a pause right around 1800, but this baby's on it's way down to right around 1750-60. If the 1750-60 range doesn't hold, get out the bear strategy and make sure you don't fall into the bull trap either! Stay short, this...
Caught the EURGBP at the bottom of its range. Just looking to ride to the top for some pips! Let's do this! ; )
Again, USOIL and UKOIL look to be coming into some resistance, so I'm expecting the AUD to find some trouble as well. The price came into W demand at 84.50 and that is what I am attributing this week's bounce to. I want to see sellers coming in at these prices to push down to around 83. Who's with me? ; )
Oil coming into a challenging area. USD is weak overall, but for some strange reason, the USDMXN does not respond how we would expect. Sellers up ahead, but there might be some room to grab some Long pips here. Who's with me?!
Yes, Oil has had an impressive move up. However, price is coming into an area that sold off pretty hard the last time it was here. Can price cut right through? Absolutely. Respect the market. (It still won't respect you, but just respect it. You'll be less likely to get burned.) Use caution when trading Oil this week as things will likely be choppy. Personally,...
See callout bubbles. If this one triggers, let's ride it all the way up to the Brexit level.
See callout bubbles. This pair can be a bit tough to navigate sometimes, so I'm here to help! This is a live trade that I currently have open. Plan was to buy in the Demand zone and so far we've seen a really nice bounce. The pair is nearing resistance on higher time frame charts, so I'm just looking to grab n run. Expecting price to break out from this level is...
See callout bubbles. I called a breakout last week which failed on the good CAD news on Fr 12/1. Here we are trying to re-engage the Long for possible breakout on higher time frame. Weak Oil this week should help this trade move right along as planned. It might take some time to develop though.