SnB92

SnB92 Updated 

Following the Brexit vote the British Pound has been seeing weakness against all major pairs, with the Dollar/Pound being one of the headline casualties. The dollar took a 150 year high against Sterling at around 0.825, with a double-top (1st being mid October, the 2nd later in the month. A seemingly more measured reaction on the pair to the US Election result in...

SnB92 Updated 

With the benefit of hindsight, the downtrend on EUR/JPY starting in August 2015 was the perfect long-term trend trade - a series of lower lows & lower highs in a fairly clearly defined channel. Since June 2016 the price has been in a range narrowing towards the upside. Providing support at the moment is the historic 61.8% Fib retracement at 113.560 from the last...

SnB92 Updated 

Ok, so I'm on the fence on the Aussie. My gut says it's going to continue downwards (MACD seems to support this), but I'm waiting for confirmation before I make a move. Key for me is the short-term 61.8% Fib level (in purple) and the 2/1 line of the Gann fan. The current price could mark an entry point to a short sell, but I'd want a confirming move held at or...

SnB92 Updated 

This is my first trade idea, I'm looking at a potential buy on the Dollar/Yen, based upon the narrowing range of the pair between the 78.6% and 100% Fib levels on the shorter-term trend drawn here. Looks like a break above 104 with potential sight on the 106.5 level (the 161.8% Fib), next resistance is the 23.6% Fib of the longer downtrend (in grey). Stop/Loss...