Willpower87

Willpower87

Rebound looks exhausted Best case scenario is falling to 1.09-1.095 then forming an inverse HS. FOMC in a few hours, staying out and watching carefully for now.

Willpower87

USDCHF broke out as expected. Momentum seems to be fading for the time being. Short term pull back to 0.9530 region is possible and I'll mostly likely go long there. Medium to long term bias is still long.

Willpower87

I think gold bulls are going to fold very soon, thus initiating some panic selling, as evidence by this morning's movements. I'd short gold if it breaks 1065, target sub 1000.

Willpower87

Uptrend channel established, could go to 1.6.

Willpower87

USDJPY long working out much better than I expected, busted through resistance and now looking good to rally back to recent high around 125.80. In the very near term, a little consolidation would be expected to build up momentum.

Willpower87

I've been buying USDCHF on dips and selling back at 0.95, which worked like a charm. However, I think now it's the time to hold onto USDCHF longs for this pair could potentially revisit parity. Greek drama is over (pending Greek parliament vote) so risk aversion into CHF should fade.

Willpower87

Oversold, trendline support, should have a decent bounce

Willpower87

Retreat then rally to new high. Speculative, but I believe it'll go much higher. No position taken at the moment.

Willpower87

DXY hitting resistance, EURUSD meeting support My preference is to take some profit here and reduce exposure to events out of Greece. Change stop to break even.

Willpower87

Taking profit on USDCHF long. Wild ride, about to hit upper resistance and indicators saying overbought. Not carrying this over this weekend with all the Greek drama playing in the background.

Willpower87

Long bias, but a retreat is likely.

Willpower87

After staying away from this pair yesterday, now I can see a clearer picture. Every man, his dog and grandma were shorting the Euro at the Asian open yesterday, but that didn't crush the Euro and it rallied to fill the gap and took out many stops along the way but the rally was capped by the downward trendline and 50 SMA (4h) and Ichi cloud. I reckon the Euro...

Willpower87

Just speculative!

Willpower87

Possible symmetrical formation.

Willpower87

Gapped down below trendline, but I suspect gap will be closed eventually. So first fall then next week after Greek vote, then rally to close gap. But I'll be very cautious when trading this pair.

Willpower87

So GBP came down to touch the rising trendline support this morning. I haven't been able to identify a long entry in this pair. And now my long bias has diminished. I'll watch this space and sell GBP if it breaks down below the trendline support decisively.

Willpower87

The rising trend line will be breached if the RBA cuts rate again. I reckon we'll see AUDUSD trading at 0.6 in a couple years.

Willpower87

Chinese selling AUD to fund margin calls? (referring to Chinese share market squeeze + record Chinese buying of AUD real estate)