Even playing safe with the Feb-07 low and accepting a range, there is still a 5.5:1 trade here
Note how a new lower upper boundary has been established.
With all the Greek debt and French election stuff. Short here 1.0620, 4:1
Maybe not, but long for another touch of the 2017 high is a nice 9:1, long 1050 for 1139, SL 1029
$NKY divided by $USDJPY has ranged both before and after the election. It is due to turn down now, more likely to be NKY than JPY
Price/action since Sep 9 does so far seem to be a mirror of price/action from May 26 to Sep 9. Implies a ratchet back to 7000. Similar to NZDUSD.
Clearly it is, but depends on whether it's now consolidating.
Overlay is $GBPUSD into Brexit. Assumes she doesn't get 50% round 1, but wins Round 2
So it ranges, next move is down, I'd say. But tops and bottoms are free money. Trade show 2.2:1
The pullback after Trump's tweet about AirForce One pricing was just what it needed to continue the pattern. It has already broken the 2015 high, looks like further gains are on the way. TP 167.50
Not happy about this one after false breakouts. Short TP 235, although maybe more. Note they have beat earnings estimated every quarter since 2013. This cannot continue.
$USDCAD likes to do inverted Vs. Ramp, consolidate, fade. So the mirror fractal isn't a bad fit. Also it's in a bullish descending wedge. Trump-Trudeau and the Wilbur Ross confirmation today can only be bad for NAFTA, but as often happens, (GBP & EUR into Brexit), counterintuitive trading occurs before the event. So we have three technicals, and one fundamental...
DAX * EURUSD, ie in dollars offers a clearer parallel channel than DAX in EUR. The drop may be more EUR than DAX!
Might make 247.80 again, but then sell.
Suggests a pullback from here, but then new highs. The correlation is clear, watch Chinese economic indicators for Bitcoin pricing.
Fractal from previous hike suggests a pullback to $850-860. Although I said that on my last post :) Look what happened three years ago when it broke $1,000.
Much has been made in the British press about $FTSE running inversely to $GBPUSD because it is in reality a USD index. Certainly the path is much clearer in USD. To trade this, you have to buy $FTSE and sell $GBPUSD to create a synthetic.
Very neat. Here's a 2:1 long and an 11:1 short later on.