Secular base has formed /is forming in the Dollar Swiss. (Ascending Triangle). A wave I-II has already formed, and the trigger showing on weekly momentum, could mark the breakout in a wave-III. The longs engaged in the Dollar Swiss as of last week, are investment longs in this formation. Profitable Trading Summerset
The market is in a bearish wave-3 extension, about to do 3v. This is supported by the dual (-ve) momentum spoken on the 4&1HR frames. Sell the current trigger on the 30-min. (Rejection @ 200 MA, and rejection < OB on momentum) = <1.09-1.0870>. Stop 1.0990.Target neckline @ 1.0750/30 Profitable Trading Summerset
Eurodollar is showing a double (-ve) trending momentum on 4&1HR frames, indicating the light brown / khaki neckline (shown above), to be the next target <1.073>. A possible right shoulder formation <1.085> could then form which should be aggressively re-shorted to <1.065-1.053> levels. The momentum trigger on the 4HR above shows the market potentially erupting...
The trigger impacting the market on the daily frame is shown above. The market is now supported at a level/ 3 and about to procced to a level/1. (as marked by yellow arrows on chart). The intermediate term target in this advance is 140-140.6 (marked on side Fibs). And the closest support becomes 135.60 (61.8% Fibs, as marked by green arrows on the side...
The 4Hr frame shows market to be climbing out of a right shoulder configuration on a confluence in (+ve) momentum on 4HR + Day & 1HR frames. There is now a possibility to break above and support the neckline shown. (compare green & red arrows shown on momentum). On the 4-HR frame targets can escalate to 139.2 & 140.2,before consolidation back to...
There is an opportunity for re-entry / adding into Dollar Yen longs at current levels with stops at 135 -see chart. Swing Targets are 138.30/80. Fundamentally the position is supported by the BOJ's loose financial policies + resurgence in Dollar strength, due to credit contraction in the US Profitable trading Summerset
A trigger has effected on the 1 Hr Chart shown above. Entry long is Mrk -0.8920. Stop 0.8820. Immediate target is 0.9080, then 0.9120/60. This is a positive swap trade. (The longer the trade is held, the more the interest accumulative gains to the trader). Profitable Trading Summerset
Given the reversal prospects in Eurodollar t 1.0780 and beyond. A bullish breakout is occurring and triggering now in Dollar Swiss to target 0.9120 (Immediate) and as high as 0.9250 & 0.9340 in the interim future. The fundamental driver is the lending survey (y'day), which has cast a setting on markets of future credit contractions to come. Profitable Trading Summerset.
The most immediate short entry to take is shown on the chart <1.0965> with a stop <1.1060- yellow arrow). Most Immediate target @ 1.0910. Best short term results (swing term) would be to hold until weedend. Profitable Trading Summerset
So long as there exists dual (2) (-ve) short term, and intermediate term cycles, feeding the market, Eurodollar is entering an intermediate term bear trend with probable target at levels -i- @ 1.04, and -1- @1.01 The current short term trade (2 wks) is remains to short current market <1.0970> stop <1.01060> Target <1.0780> Profitable Trading Summerset
There are dual (Two) negative trending momentum breakouts on 15min & 1HR frames. This marks higher degree reversal, and is fundamentally due to the risk adverse environment created on the aftermarth of the Loan officer Survey. Standout of compiling longs / and close out current long holdings even non mild losses. Short Market<1.0970> Stop 1.1060. Target...
The accumulation level clearly shows here. Protective Hedges should be moved to 1.0830. Immediate target(s) 1.1240. Quarter annual target(s) 1.1430/1.16 Profitable Trading Summerset
The current trigger to take long is a bounce out of level -1- (Green) with a protective hedge @ 133.6. Target 138 Profitable Trading Summerset.
There is opportunity for Dollar Yen longs to target 138.3 short term & 142.50 long term. This position is still not mature to buy & hold to 142.5, because there is possibility for a second shoulder level (Right red arrow down). It is possible to buy current levels with a protective hedge < 133.40 to target 138. Fundamentally, the position is supported by...
Extend the accumulation (7%) off Eurodollar longs into Levels between <1.0930/00/1.0880> Place a Protective hedge below Level-iii (yellow) on 4HR Chart. (next post). Profitable Trading Summerset
The current move is also a clean assent from a level-i (yellow) to a level-iii (yellow) immediately targeting 138.2% @ 1.2724 & 161.8% @ 1.2805 Profitable Trading Summerset
The Current trigger on 30-min is part of a Zigzag formation to take price to a confluence of the fib extension shown on the Chart <1.30> Profitable Trading Summerset
The next leg in the Sterling dollar uptrend has started in anticipation of comping super Thursday. Entry is now market, with a stop at 1.2530. This week's targets are 1.2730/90. There could still be potential to see 1.3580. But it may not happen. Profitable Trading Summerset