The FTSE is currently in a very strong resistance zone.
It has touched this level 2 other times this year, we have seen several retracements on the FTSE this year and this seems to be where it stops the downward pressure with resistance.
I have already enterered into the trade and have set a fair tight stop loss about 70 points away to ensure...
The DAX is currently in a very strong resistance zone. In fact many of the largest stock indices are also in the same position please also see my trade on the FTSE (Global Equities Turn-Around)
It has touched this level 2 other times this year, we have seen several retracements on the dax this year and this seems to be where it stops the...
Short Trade....Triple Top?
I think it may be a bit late to do this however I have been thinking about shorting the AUDUSD all morning.
I think that it is still a good short and you can still make a further 40-50 pips.
I would looking to get in at around 0.87900 (if it comes back).
If it doesn't then afraid this position may be too late.
As I wrote this...
SHORT SWING TRADE
he EURUSD is in a really good trend right now.
It has been in this range on the 60m chart for the last 3 weeks trending lower.
I think that this is a good trend and will be trending this way for the next week in the very least. The average trade swing length is roughly 36-60 hours with an average swing of about 100 pips.
I will be going in...
The NZDUSD is in a really interesting place right now it is currently trending upwards and looks like it will be doing so at least for the next few days.
I am currently short right now however I will be buying and selling several times within this trend.
I was long yesterday.
This is an incredible opportunity with the average trade ranging from 50-70 pips....
After looking at my GBPAUD dollar trade in the morning we noticed other head and shoulders patterns on the GBPCAD, we waited until the price broke below the resistance level and believe this trade will be completed within the next 6-12 hours.
This is a pretty simple High probability trading set up and should be a really good trade.
It looks like we have a double top forming on the GBPAUD.
I would be looking to sell at anywhere near the resistance levels and aim for a TP at 1.8300, which is what I believe will be the next level of support. This is a long term trade with a fairly short stop loss 1.84889 compared to the potential upside in this trade.
The Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market.
I do believe that this will cover the gap and then begin moving downwards.
I have set a very short SL and have a very healthy 2.38:1...