A quick trade idea.... This morning going through markets on Friday - I am usually looking for quick scalp intra-day trades no swings as I don't want hold over the weekend make quick profit. Today I see this great opportunity within the euro - a break either way . Manage your R/R (Risk reward correctly). Enjoy and have a great weekend. Just a trade idea ,...
AUD/NZD In a beautiful channel going up. If we see the bears get in further control we could head down out of channel to 0.618 area which matches out support areas. If the bulls stay within this channel we will see a re-test of bullish momentum areas and could go towards 161.8 high areas to the next resistance areas. Patience is key! Just a trade idea, not a...
It simply means silver is better to buy performance wise than gold. Question is Silver could be the new gold? How & Why? Silver is seen as a better reflationary asset a hedge given from industrial and tech applications Most of half the silver material is used in tech electronics such as connections, wires and jewellery Silver is out performing gold ...
The EM currencies aren't moving as much considering the major pairs are...that's an interesting thought to keep in mind! If you're looking for good risk reward trade, i'd go to EM currencies - Major pairs are little over extended. However, for those swing traders PESO looking clean...which way will it break. Will we carry on the pattern of descending channel?...
FTSE100 UK. It could be on move soon! How? Well past that key trend-line down in red, bullish flag formation as well if goes above out of the range it has been stuck in - the bulls are in control target within the next resistance key areas. However, if bears get in control, below the key trend-line out of range down next target near retracement fib levels which...
Been trading eur/chf for weeks now - so clean! It's been a great trade when it comes to momentum and clear direction. Lot more momentum compared to other currencies we are in a pennant/triangle pattern - Upside breach of this pair could hit the next resistance area. If it breaks down, we could target 61.8 area which would be understandable for deeper pull back....
It's not a pair that I would usually trade, but it's an opportunity! I like this pair a lot, been keeping an eye on it a lot. Now, it could break either way - Above high ends of 25 areas we could get a break out and could take the pull back trade up to the next resistance. However, if it breaks to the lower ends, below that key trend-line up and if you were to...
XCU Copper Great bullish momentum for months. Key Question - Could we head higher or go lower? We have a pattern with trend-lines to add confluence. Taking whichever way it breaks - Could add alerts or orders to make it easier. Don't forget to keep in mind USD. On the DXY we are a key area. This is just trade idea, not a recommendation...
Microsoft - MSFT - Earnings. We have earnings this week, had a beautiful bullish channel will we break to the lower time down or continue the bullish momentum...It's at an interesting area on a technical view as well. Add alerts, take which ever price action takes you. Remember: Just a trade idea, not a recommendation. All the best.
GBP looking like to break towards up side - But we've got consolidation and a key trend-line down as well.. Over the trend line, pulls in control - out of the wedge formation - Target the next resistance areas! Below the wedge down target 23.6 or 38.2 Fib Retracement, matching the key support areas. It's a really nice clean set up - best set up I feel for the...
EUR/USD - G20 Meeting...! We've got the G20 meeting running today through to the weekend (17th-18th) Discussing of 750 billion recovery fund. Key questions to analyse and ask yourselves: - Will the countries be given a loan, grant or both? - How will the fund be split? - How much will the recovery fund be? Will it be the full amount? - Is there be any...
Which way will it break? Nice clear chart with great support and resistance. You could even go and add other indicators such as RSI etc. I like this chart on the higher time frames as well. A break out of the bull flag or triangle, bulls are in control. However, if we do break to the down side, take the short down to the next support area, for bulls in control,...
One of the best performance when it comes to momentum. I've been trading this pair since the break out of the wedge formation we've had and the support/resistance lines are so clean. It's within a range at this moment of time. This weekend we have G20 meeting. I wouldn't enter this trade as it's Friday. Friday is a day where i'd enter quick scalps, go through my...
It's a Friday..Don't forget that! Why do I mention - it's FRIDAY. I actually don't like end of the weekend or Fridays but it a fun day as well where I reflect back on my week - checking my trade journal and looking to see opportunities for next week. We have the G20 meeting this weekend. It could be risky entering trades over the week as we don't know what will...
NFLX - What a move! Netflix, yesterday the earnings of NFLX were not so hot after all. Allowing us to chill further down to a deeper pullback. We are pattern wise - Bear flag. Measuring it, could lead us to that first hit of the red trend-line up. Now it's still within consolidation. However, if NFLX does breach towards upside the arrow is showing where it could...
Nasdaq - Where do we go next?! Well, we go over the trend-line down (In red) We are back to bears going into control. This would mean I'd be targeting the areas of Fibs retracement 0.23 area. However, if the bears are still in control and we are retracing for further pull back, I'd be targeting 161.8 as well as the trend-line matches perfectly as well. It is...
My favourite trade for this month - Over 1.26733 area I'd look for bullish formation, pattern or daily close for further confirmation of bullish run towards 1.27/1.28 is where the next resistance areas are. Some people say it looks like inverse head and shoulders. However, we need confirmation for it go OVER the trend line - we are finding that a key area. Keep an...
I took a short at the areas at the top, it was looking very over extended. The line I always use and think when I analyse and my life philosophy - What goes up must come down - and vice versa. But the key question is - if we go below further the trend line up, and we have clear further declined I would short the further decline. However, we are at a key area and...