fohaineault

fohaineault Updated 

I'm buying EN on my intraday level, in confluence with the following: 1. Daily ATR at level 2. NZDUSD reaching a strong level so we got higher chances of NZD drivers to stop driving the NZD higher. 3. Fib level 4. Strong momentum coming in to my buying price As this is a riskier intraday trade, I will secure my position fastly. I'll take partial profit at +30...

fohaineault Updated 

I'm selling EA from H4 demand level, in confluence with a daily trendline 3rd touch. Plus, price is overextended from last week's ATR and didn't retrace yet. Bonus: we got a considerable divergence between daily past to current resistances and RSI indicator. Not risking more that 0.25% on this trade. Cheers!

fohaineault Updated 

Fundamental analysis EUR strong: Germany's economy is recovering faster than expected, ECB boosted its GDP and Inflation expectations for 2021, last GDP was in expansion, German labour market rising and European inflation shooting at the 10-year high in august (+2,2%). Note that the ECB is not as bullish as the BOE but still okay to pair EUR with JPY as the BoJ...

fohaineault

Fundamental Analysis The BOE is one of the most hawkish central bank right now. Here's the reasons and the important events of previous weeks: Labour market is getting stronger with more new workers and less unemployed. Price and demand for houses are rising to new records; the new average house price hits a all time record high at 262,954 Pound. According to...

fohaineault

Buying GJ is the best available scenario, but finding the right entry price could take multiple tries. Here's why this setup is the best scenario: Risk appetite: Global recovery is expanding day after day. There is more optimism than incertitude in developed countries, including the US. When the situation is good and there is no new tension or negative...

fohaineault

So this setup is exactly the same as the one I posted yesterday. Entry was missed but the bias is still the same. On my chart, I did some adjustment and decided to re-enter this setup. Fundamentals: Same as yesterday. Euro strong, Aud weak. Market sentiment: As we can see, retail noobs got stopped out below the actual range and this is a sign that...

fohaineault Updated 

Fundamentals: EURO strong: Pandemic situation going better and better. Cases plateauing in Germany, vaccine roll out accelerating and we are getting out of the recession with a very positive outlook for the end of this year. (Q3-Q4) The business sector is booming ahead of the summer and there is a wave of optimism saying that the worst pandemic ever is behind...

fohaineault Updated 

Explanation: So this is one of my favourite setups to execute because if executed correctly, there is a high chance of a sniper entry with little or no drawdown at all. The chart speaks to itself; I just identified the potential retail-traders too obvious setup which is a 61,8% third touch and S&R and added my trend lines. Now I'm expecting a stop hunt lower...

fohaineault Updated 

This one is a 100% technical idea too. My general bias on GJ is bullish, but i'm just tryna catch this deep technical pullback before the bullish continuation.

fohaineault Updated 

This setup is 100% technical. Nothing else to say expect: purple circle or nothing. Tip of the day: Get the direction right before trying to tighten your greedy stoploss.

fohaineault

This trade idea is 80% technical analysis and 20% market sentiment. In this situation, fundamentals are mixed so they don't drive the market for the moment for eurnzd. Market sentiment: There is a uptrend forming in H4 and the actual impulsive move may be heading to 1.72000 which is buyers' profit taking zone. I put a sell limit where the buyers put their...

fohaineault Updated 

Fundamentals: - Euro strong/mixed: As we already know from my last setup ideas, Eurozone fundamentals are still mixed with negative and positive elements. New case counts are depreciating in Germany and the lockdown easing should take place in the next weeks/months. Economy will be stimulated by new waves of retail spending. Also, we just heard that Eurozone...

fohaineault Updated 

Fundamentals: -Pound strong: As we already know, pound is very strong due to the great economic recovery in the UK. Restriction easing is in play, housing market is booming, inflation is expanding so there is some signs of a rate hike potentially earlier than other countries, vaccine roll out is very smooth, small companies are surviving and are optimistic for...

fohaineault Updated 

Fundamentals: Fundamental are mixed. Technical analysis will take the lead for this idea. We will target a smaller movement because there is no fundamental to drive the price. Market sentiment and technical analysis: This is one of my favourite setups to execute: we will take advantage of the too obvious retail traders setups and execute it in a way that we...

fohaineault Updated 

Fundamentals: Euro neutral: For the moment, the euro zone is in a transitional period between its double-dip recession and its economic recovery. There is optimistic sentiment created by the situation getting better each week in Germany + the vaccine roll out accelerating. On the other hand, 2021 Q1 GDP for Germany was negative and worse than expected. Economy...

fohaineault Updated 

I don't usually trade EURJPY but this time, everything is beautifully aligned, so we'll see. Fundamentals: EUR (will be) getting stronger: Restrictions start to ease in Germany and in other Eurozone regions. The economy looks like it reached a turnaround point and has now a positive outlook for the next months, and this is only if the pandemic news stay...

fohaineault Updated 

Fundamentals: Euro strong: With Germany new cases count getting lower and lower and the vaccine distribution getting a higher pace, we can see the light at the end of the tunnel for the Eurozone. Restriction easing and optimism is helping the economy and it will get better. AUD mix/weak: We are feeling more and more the tensions between Australia and China....