Tactical Trading Tuesday is back!!
This time with another tactical entry on EURUSD
Purely technical stuff here.
Euro is rather sluggish lately but the trendline highlighted above held up in three separate occasions.
If this scenario doesn't play out at the key levels highlighted the trade should be cancelled.
Trade safe, trade well.
Back to you with another Tactical Tuesday this time on WTI Oil
After a prolonged bearish impulse and an upside retracement the bearish momentum is about to get back in action.
Trying to find the right level to place my short positions I dispensed all the hard statistics and went straight for the Fib levels.
Looking into the major downward impulse...
Its that time of the week again.
With another purely technical based setup on USD/JPY
My approach is a trend following one.
Here going with the direction of the initial impulse
and looking to position long in the upcoming days.
Please note that any deviation from this setup will result in the trade being cancelled/invalidated.
Trade safe, Trade well
My first Tactical Trading Tuesday for the year on my favorite pair.
As we see EURUSD price action complying within a converging triangle I'm pointing you towards two tactical entries.
The first entry is following the main trendline on the bearish daily momentum and expecting strong resistance @1.15 level
And the second entry featuring a breakout...
Here I present to you my wave count on Gold.
Gold has been on a steady rise since August completing a full impulse wave cycle and now starting a corrective wave cycle.
The last NFP figure falling short at 155K instead of the forecast at 198K alongside with falling wage growth at 0.2% gave way to further upside for Gold. Also the end of the interest...
I present to you another tactical trading Tuesday.
This time we are looking into two long positions both into a trend continuation bias.
The order levels are plotted on two consecutive trades based around the 4h trend line as well as the S/R levels around said trend line.
Any deviation from these projections will deem these entry levels invalidated...
Looking further into a choppy market indeed I present to you my tactical entry on EURJPY.
The price has been fluctuating within a funnel here on the 4h chart.
We are looking to position in a potential continuation.(looking at 128.000 round number as potential level)
Also note that this is the third time that price tested the funnel and broke it...
After seeing the entire cryptocurrency frenzy losing pace over the course of 2018 we can now disregard some bogus projections
in the realm of millions and give way to rationality.
You are looking at a short term opportunity to go with the trend here just by using a simple trend following position.
Dont jump the gun immediately and go short without...
Yet another tactical setup on my favorite pair.
This setup is what I consider the classic case of resistance turning into support.
The trendline was broken now looking to re-position my trades in a new upward momentum.
If that doesn't happen further capitulation could ensue and possible test of 1.12 level.
Trade safe, trade well.
Dollar yen has been on a rather violent bullish action the past two days after about six days of consolidation.
Highlighted the major trend line that was broken on the hourly.
My case is to wait on the retracement to take place back to 112.500 and trade the retest from the upside of the trend line.
If price continuous without revisiting that price...
Here my case for slow and fast moving trendlines.
Following a major drop the past few days on DJI we are looking at a very volatile market indeed.
I am not going to elaborate on why this happened and make sense of the 2000 point drop you can read all that on WSJ
Our job as traders is to find a direction that is consistent with our technical...
Here my new projections on the all time favorite pair.
I don't think you really need anything more than a single trend line to determine entries/exits.
Trying to take advantage on an intermediate downtrend formation.
As my trend line suggests I am looking to go with this move and short the euro but the point in price will depend largely on the point...
One more tactical trading Tuesday for your consideration:
We are back once again to that 1.15333 level after a major capitulation for euro.
Looking to go long again at this very crucial support zone as the buyers are jumping back in.
There are wicks going as low as 1.1505 but this is only corrective movement not to be confused with the overall uptrend.
After a solid support at 1.13 euro is going higher and higher.
Progress is being exhausted after some positive news from US
but the pair was overbought heavily.
So fundamentals don't necessarily justify past week's capitulation.
Now after recuperating I am looking for further upside and reverse around 1.15 area.
Technically driven the trend will...
In lew of the Interest rate decision here is a new tactical entry for those who want to trade on the surprise factor.
A hike is already priced in so no confusion there. The Euro shall decline a bit but not significantly.
So the idea of going against the grain and buying up the euro before the hike has a much better potential in terms of RRR.
Please I appreciate...
I will not tackle this market quantitatively.
Even though there were good data supporting the euro and eurozone stability.
But the markets want to push euro further downwards.
I've been bullish on euro on the initial 1.1300 break out when all retail was short.
Now I see more retail guys coming in strong buying the eurusd pair.
The bears know this and are still...
Following some negative inflation data from Germany and further upcoming bad data from EU tomorrow
it would be surprising to see EU breaking this downward turn toward 1.19.
Any counter trend trade would be an option only if the green trendline was broken.
Until then there is no clear reason to buy eurusd.
Apart from the fact that the overall trend...
Yet another Tactical Tuesday.
After the euro broke lower a continuation is eminent.
Overall trend remains an uptrend even though there is certain decline on EURUSD pair since the begining of Trade wars.
So this is a short term proposition.
US indeces are declining and even though that is weakening dollar across the board, that does not hold true...