aardall

aardall

GBPUSD short idea, playing the correction on the Elliot wave exhaustion, with the with targets to the R1/61.8 cira 137000. Markets open cautiously optimistic, but found bids through early European session, with price surging to the R2 level without significant pullbacks.

aardall

Descending Triangle with VWAP pattern with the idea that we get better data coming out of the US on NFP day.

aardall

Hi, A pullback trade to the 618, shorting blind. Keep risk low and trail to BE at T1. Entry: 131040 SL: 131150 T1: 130840 T2: 130670 T3: 130550 All the best, Aardall

aardall

Hi, A pullback trade on the GBPUSD. Attempting to get in on a test of the break out during the UK PMI release. Entry 122100 SL 122000 Target 1 122300 Target 2 122440 Target 3 122765 Stop trailed to breakeven at target 1 and never risk more than 2% of the trading account. All the best, Aardall

aardall

Hi traders, The GBP looks very weak at these levels, it makes sense because the global economy is slowing down so the prospect of a successful Brexit becomes unlikely. The market is pricing in a weaker British economy. We can expect this asset to consolidate or pullback as we had strong buying at the 127000 area. This asset is a short into pullbacks, keep eyes...

aardall

Hi traders, The euro rallied with no pullback days last week. This is an asset that is closely correlating with the dxy movements. I believe the dxy weakness and traders looking for the long trades off the bottoms drove the move. In order to trade this asset, we need to let the charts make a move for us and ride its momentum. I would like to see the asset...

aardall

Hi traders, A risk off environment in the previous week due to fears of the coronavirus' impact on the global economy. The USDJPY' phenomenal run to the upside has been undone by the risk off move. We moved up on the back off the weakness in the JPY economy. For this asset we need to be looking for some consolidation days, or pullback days before we get into a...

aardall

Hi traders, A risk off environment in the previous week due to fears of the coronavirus' impact on the global economy. The AUSUSD made an overextension last week Friday to the downside and pulled back. I see this asset forming a range in the short term before selling off. The range I am calling for is 65800 high, and the 64300 low. All the best, Aardall

aardall

Hi traders, We have had a fantastic week in the USDJPY asset. Price ripped through resistances on the prospect of the JPY economy contracting. We expect this asset to find a new range, on the fact that the PMI data from the US came out weaker than expected. Perhaps risk is seeping into other economies. The 110800 minor level is what we should be looking at to...

aardall

Hi traders, The AUD price is reflecting the contraction in the Asian economies as a result of Coronavirus. Price respected the 20MA eventually breaking the consolidation region we highlighted. Price remains oversold so any pullbacks will be an opportunity to short into. The biggest opportunity to short will be at the 66757 level. Trades too the upside should...

aardall

Hi traders, The GBP had a bearish start to the week breaking below the 129600 handle, well done to those that took advantage of this move. Following good GBP PMI data and bad US PMI data we saw price retrace most of the losses. A bullish wedge has formed on the GBP with a bullish cross of the stochastic. Any bullish plays should be taken with tight stops too...

aardall

Hi traders, This week the EURUSD has found a bottom around the 108000 level. Price consolidated in a tight 60 tick range before breaking to the upside. Price action remains oversold on the stochastic, any pullback plays should be taken with short interim targets. The most recent market pop comes from the PMI weakness in the USD and not EUR strength. Any long...

aardall

Hi traders, The AUD has been offered these past weeks because of the impact of the noravirus on the Chinese economy. The pair has found some support in this region and seems to be forming a wedge to the down side. We boxed off area where a range is likely to form. Range plays should be taken to the short side, as a long play runs the risk of the bearish...

aardall

Hi traders, With the US index' at all time highs, the USDJPY has shown some strength as the currency pair correlates. This week we saw the pair struggle to get above the 110130 minor level, if we were to take this pair long we will need to get in after the first retracement leg. If we get a break of the 109650 handle. Bears can look to take the pair to the...

aardall

Hi traders, We saw a GBP rally last week on news that Sajid Javid has stepped down as Chancellor of the Exchequer. This is an important post in government because it is responsible for collecting revenue and making payments on behalf of the government. Sajid stepping down leaves the potential for the successor. 130800 is the level we are watching for on the...

aardall

Hi traders, We have seen the EUR being offered for two weeks and clearly a bearish trend. Well done to traders who took advantage of this opportunity. This may be to a mixture of reasons, one big one is that there is risks around the division within the euro-zone. As with all trends we expect pullbacks, a pullback in the EUR requires some fundamental driver. All...

aardall

Hi traders, Last week we called for shorts below the 109650 level, we should be looking for a bounce as we come into the 50MA, R1, the retracement levels and the low of the range. For this asset we should be looking for some consolidation and a breakout of these regions to the upside before we take a long position. All the best, Aardall

aardall

Hi traders, The AUDUSD has been choppy this past month, however we have seen that the forecast for the head and shoulders has played out. The uncertainty comes from the back and fourth between China and the US, and the news of the Noravirus was very bearish . If fundamental news is bad for China then it will be bad for the AUD. Technically speaking we are...