purple line shows a clear support and now we have a break out ...also nzd budget release seems to have given the nzd some much needed momentum .
will enter this on a pull back as close to 76 as possible ....stop of 75.500 ..just let it run ..as yen weakness has only just started imo
back almost again to that 2015 level of 1.20 ...massive resistance ...clear break and we can go long....but i am once again favouring a short on the failure to break to the upside
stop above the highs 121 .
aud showing some strength and yen showing signs of weakness....my entry was 550 ....looking for a strong break of this trend line target 85-86.....data to watch on tuesday for aud... and the china one as it effects the aud
some jpy news later on this week ..lets see hoe this plays out
from trend line ...entry missed yesterday as my brokers platform was down...147-148.500 ish a great entry ..... i will be looking to long today and add on any pull back
stop loss 146.500 (break of the trend line)
take profit 152 first tp ...hopefully push to the recent highs
......few key things to keep a eye on for this trade ...Aud retail sales tomorrow ..and gbp mon policy this week ......manage stops wisely i have it at 8200
selling this from here we have as the gbp data released recently will most likely keep rates unchanged for the foreseeable future on Thursday ....
a long opportunity on audcad....this seems to be a strong reversal point ..hit 3 times on the weekly chart ...
i have entered a long here with a stop of 96100 so a small stop..as this is a little risky ..with no news for aud ..and strong data for cad
looking for 9700 as a first tp
similar to the eurAUD idea i posted previously this is a fantastic long term short
euro mon policy confirmed today no rush to change ..so we should get a strong sell off .....clear break of the black line will be great
2 targets on chart stop around yesterdays high
quite a simple supply trade ..we selling off that supply area which goes far back
....again have been waiting on a potential nafta agreement to then strengthen the cad and it looks like we should have that ..in the next week ... cad has been massivly oversold and the euro is overvalued against most currently ..
been on the watch list for a while but due to the nafta situation have not entered....now it looks like that could be resolved in the next week...this looks like a good long from here .. we are out of the desired demand zone ..but this entry is still good ..as this has been oversold heavily recently.
first target 0.7600
great potential short ...from the supply area since 2016 ...weekly also formed a nice downward indication...
looking for a first tp of 1.5600
stops advised at 1.6200
trade is active now .....aud news this week should not effect .....downward pressure expected on the euro
will update as this plays out.
long positioned opened from the bottom of the line ....aud has been very weak recently ..this pair initially rallied to the 740 range a few weeks ago but could not hold on ...positioned was closed as the price reversed on both occasions.
news today from the chf member is a comment about rates not looking likely for a while so we should get some rebalancing here...
looking for a long here from the top of the demand zone ..i do not think it will breach the lows than were seen in 2010 ..but will let this drop play out first
stops and tp to be updated on completion of target entry ..