The timming should be right now to short GBP/JPY over the coming 24-36 HRs Short <183.10-183.50> Stop 185. Target 179.5 Profitable Trading Summerset
Trend is Bearish, and there will be two opportunities to take shorts. (1) Tuesday (Claimaint Count) short pivot level & 50% between (P) & (S1) on the 15min frame on half normal entry size. Add a remaing half size if Claimiant count is better than expected (add @ 1.2180/1.22). Target 1.20. Stop 1.24 or place a protective hedge > the past market high recorded at...
Short 1.0540/75 stop 1.07 Target 1.037/6 towards end of coming week. Position trades can be held to 1.018 on positive interest swaps Profitable Trading Summerset
Monday - Tuesday (16/17-10) buy MRK / internal pivots (P & S1) on a 15/min frame, take profit towards 0.9030 over a 36 hr period by Wednesday 18/10. Stop below support S2 on 15 min frame on a daily basis, or label (3) white on charts ~ 0.8920 Profitable Trading Summerset
Expecting a swing move to the downside . Entry short (182-182.25), stop 183.70 Target <180.5-179.5> Profitable Trading Summerset
The long and intermediate term picture delibrated on this video is in line with the coming gradual tightening of BOJ"s monetary policy as of coming December,and the weak economic data consistently released out of Great Britain. Both fundamentals will create a secular down trend in GBP/JPY going well into the spring of the new year. We will aim to regularly...
Once / if there is a spill over in the Isreal X Hamas hostilities to include other regional parties, Gold flies to above > $2000 levels, and stays supported there on escalating geo political Risks. Make use of the opportunity by longing into Gold immeaditely. Spill over is almost certain. Profitable Trading Summerset
The crisis in Gaza is changing the FED priorities from combating inflation,and taking it down to 2% by 2025, to ensuring a soft landing and preventing spill overs from rising global risks (Gaza + Ukraine), to sour economic sentiment, and negatively impact current resilience the US economy is renouned for. The mandate of the FED is therefore currently changing...
Buy market short term stop 1.2160 target 1.2370 . (Duration of trade /36hrs). Sell < 1.34 & 1.2360 > target 1.1850 (over coming 2/ wks). Stop 1.2520/40 Profitable Trading Summerset
The market is doing the last leg in a butterfly pattern. The fundamentals impacting sterling down are consitent negative manufacturing & production numbers, & inability to rates to combat sticky inflation by the BOE in such a dire economic enviroment. Sterling is continuing on its down ward trajectory going into the UK general elections in 2024. The current...
Short 1.068 - 1.0640 with a stop @ 1.074 targeting 1.0460 over coming week & next. Profitable Trading Summerset
Accumulate shorts between 1.0650 - 1.07 stops 1.0820 targeting 1.018 over the coming month of October & November. Profitable Trading Summerset
For swing positions fall back to accumulate @ <0.8870 -0.8960-0.90> target remains 0.9450 over coming 2 MN (This being a positive swap issue). Current week should see Dollar soften into the CPI release on Thursday. Short 0.9135, stop 0.9235. Target 0.90 - 0.8980. Begin to accumulate longs as of coming Wednesday/ Thursday to target 0.9250 short term, and 0.9450...
Dollar Swiss has triggered a long term uptrend. The opportunity can be maximized in term of retuns on the position trading, swing trading and short term intraday trading levels. This video is a short description of the appropriate strategies to implement in each case as of 6/10/23. Updated will follow on a regular basis. Profitable Trading Summerset
Expect a bounce out of any of the level-1s showing on the 30-min Chart above. Target restricted at 142-142.40.After which a head and shoulders, or double heads and shoulders begin to form at current levels for a break lower next week targeting 138/37. On Friday, The BOJ will issue their own rate statement (-0.1) & press conference, and a higher head at 143.2/60...
If Dollar strenght evolves out of Mr. Powel's press conference -next target for longs become 0.8850 out of break out of an ascending triangle consolidation - shown above. Profitable Trading Summerset
As per attached chart. Keep Targets close @ dotted red line <0.8750>. Today is expected to be choppy & directionless. Profitable Trading Summerset
The chart above shows the successive long entries that can be taken going into FOMC day. Here the target in leg/A diminishes to 0.8850 on FOMC day. Profitable Trading Summerset