adam234

adam234

Why do I short the NSDQ100? Target price: 10850 What does the double top and Fibonachi say? As a trend filter, it is worth using the 200-day moving average to identify the main direction and then looking at the currently observed patterns. A reinforced double roof TOP formation has already been assigned around 20 November and 28 December 2021, which I have marked...

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EURUSD has moved up to the previous trend line. The current level is the 61,8% and the retest of the previous trend line. Entering short using former important tops as stop level.

adam234

AUDUSD has broken previous uptrend after the brexit and the price tries to test the broken trend line now, which will probably serve as good resistance. 200 days EMA will also help to push the price down, so will the long upper shadow of previous 4h candle. Sell AUDUSD now at 0,74 with a stop loss of 0,7455

adam234

EUR has recovered a lot thanks Draghi's comments last week. However the big picture hasn't changed at all. I was looking to a pair to short the EUR with an adequate stop loss. EURJPY offers an excellent opportunity, as the price jumped back temporarily to the previous breakdown level, posted a doji candle just below the 200 days EMA. When to try a short, if not...

adam234

EURAUD went up from 1.37 above 1.62 without any meaningful correction from April until early October. There is a correction unfolding now, and the 61.8% retracement seems to hold as the price posted a doji like formation yesterday. DXY index is approaching key level at 100, which was a hard one last time this year. I think USD appreciation is justified however...

adam234

I am following this clear trend for a while, which is mainly driven by rate hike expectation and USD strength. As the market prices the expectations before measures materialize, I think XAGUSD has suffered enough, and EURUSD went down as much as it could without further trigger. I have rarely seen more than 10 falling candles after each other on any time frame,...

adam234

USDJPY was unalbe to break higher in November and retreated from the 123,50 level as BOJ doesn't increase its bond buying program. There is a clear trend line break on the 4h chart, natural stop loss level is close for a good risk -reward short trade. Previous high and moving average give my target for the trade, moreover the real driver of the pair EURUSD seems...

adam234

USD appreciation seems to be too quick, positioning is one-sided. Everyone expects parity in the pair, which might be the case, however prices will go and cause the utmost pain first. The downtrend has stopped at 1.05 and counter trend price action has started to unfold until the 1.10+ level. The price has retraced 50% of that move, and possible double top...

adam234

The current rally of USD against other major currencies has lost its momentum, except compared with EUR. However the current positioning shows extreme EUR short exposure (and USD long), it was very similar in June 2012. Currently investors are short in EUR in an extent of around 200K contracts, which indicate that further USD appreciation might be limited from the...

adam234

European indices are down heavily today, NAS100 broke down previous support 4063, the zone is under retest from the bottom side as price tries to climb again. Hourly chart suggest ideal short entry with stop levels above the previous support now resistance.

adam234

EURUSD trades downward for a long time, positioning according to commitment reports have completely changed at institutional players from eur long to severe usd long. There is a nice stop level below the low after FOMC speech from this week to play the bounce with good risk reward. The pair might fall further, but there is no bounce on the daily chart since 1.37,...

adam234

I strongly believe, that the AUD is on the verge of over performing the Canadian dollar again, and the short term counter move is about to end soon. At 25th of October 2013 the round number 1 worked as an excellent resistance zone for the currency pair however since the 10th of March 2014 as the important level was breached, 1 works as a good natural support...

adam234

carry trade players might push the price lower as previous necklace had been broken, the current short term move upward might mean ideal selling point.

adam234

I enter my USDJPY long based on the solid trend upward, taking advantage on the current low risk trade setup. Moving averages, trend lines and regression analysis support my bet and relative close stop can be applied. My target is slightly below 103.

adam234

Trend line, moving average, RSI support the trade idea Previous, local high is my stop level

adam234

I see good profit potential in USDJPY cross by buying the USD at the market with a nice stop loss point. FIB time ex. experience says that larger move can be expected.

adam234

H&S like formation on hourly chart, furthermore European-USA interest rate spread might also drive the EUR lower

adam234

After the strong upwing in the EURUSD cross, the momentum seems to fade, a possible top has formed Tight stop loss with a lot bigger potential profit.