Political risk marring the Euro will continue until the conclusion of the the French Election. Marine Le Pen is still the most significant political risk for the Euro and recent price action would confirm that markets are more adverse to this risk than upbeat economic data releases of late.
We have the possibility of a bullish consolidation pattern forming here -...
Will look to consolidate on daily grinding down to 1.0775 area before AUD tries for 1.10 again.
Aggressive traders hoping for a double top will pile in here but will wait for a fairly large daily candle wick / pin bar to form before I go into shorts as there are upper trend lines to consider.
Look for more signs of divergence in your indicators on daily before going in.
AUD is gunning for 1.10 area basis weekly timeframe and daily structure shows upper trendlines in areas between 1.105 and 1.110. This is the area where I will start looking for shorts as shown with tentative targets.
Anticipate reduced upward momentum for a more tampered grind to 1.10 ( if it gets there ) so sitting back and keeping on my radar for near future....
Currently still long on this pair as we approach 20th January for the big Twitter loving man's big day. Having trouble digesting the election, nomination processes and 'press' releases as I try like everyone else out there, to figure out what Trump will do with regards to his policies.
If Trump is going to pivot his policies toward protectionism and balancing US...
I have tidied up chart and added trade plan - aggressive entries get go at market now for a short.
Otherwise can wait for yellow upper TL bounce. Be ware of retest for higher upward moves targeting .725.
Will write better commentary after meeting lol
Firstly - apologies for the train wreck mess of a chart ( this is tidiest one sadly ).
Waiting for PA to hit 0.705~ area before shorts. Build up to 20th Jan will be speculative and will wait accordingly until Trump actually announces tax reforms etc etc.
Knowing his ego, I'm betting that he will try push through his agenda but will wait and see
I am net bear bias with NZD and looking for opportunities to short this pair after inauguration day.
Too early to call as PA hung on recent support resistance and break above that will mark so long scalping before shorting. Despite there being fundamental scenarios that will support this idea - too much uncertainty and not enough liquidity over festival season to...
Don't be too eager yet - opportunities aplenty to short this. Only thing is - not yet. Wait for PA to test 116 level first before shorting this pair.
As far as swing trading is concerned - can look for longs on big dips until going short around 124.3 if 116 is broken.
I'd rather miss 'best' entry at the very peak of reversal than taking a loss
PA is parked at an awfully convenient spot for Thanksgiving... Its also extremely over brought.
Personally staying away from this until there is more signs of divergence. Know that retail crowd are piling into the shorts here.
USD net Bullish until inauguration day on backdrop of FED December rate hike and expected growth boost from confidence surveys. Which to...
Entered first short at market and will look to add more pending on PA and consolidation of this this pair at this level.
Looking to be right shoulder of S&H as outlined in previous posts. HOWEVER - being very mindful not to over commit in case for a trend continuation. Just in case something unexpected happens during the election.
Expecting FED to a have...
In hindsight - that yellow arrow was not such a good idea as it is now blocking the view of PA in previous post.
PA broke though 0.72 so likely to head for 0.73 for second shoulder of POTENTIAL S&H pattern - reminder that it is potential just like in GBPAUD post.
NZD is in a strange place right now so would warn against trading NZ news events - in...