kiwiwalnut

kiwiwalnut

Potential retracement within longer TF channel. could go either way with CAD news coming a few hours

kiwiwalnut Updated 

One more move up before prices NU drops. Current view is bullish with recent PA rejected at fib confluence @ 0.6816 level before hitting EMA 50 ( usually a weaker support ). A break of the same resistance will clear move to next confluence area and upper TL where entry is set. Some hidden divergence forming - still weak atm but something on watchlist

kiwiwalnut

Descending triangle OR Ascending Pendent Bottom looks too flat for it be pendent atm and Fib confluence around 0.7900 area. Sell stop in place to catch a break of pattern to coincide with my EW count. Staying mindful of a false break to .78500 level. Will monitor PA and see where to go but have a small scalp to bottom of triangle to test the waters

kiwiwalnut Updated 

Mapped out possible move in previous post in link and now looking to enter a short scalp for PA to retest 4hr trend line in solid green ( better view in linked chart ). EMA 200 and strong fib confluence @ ~ 1.087 level with upper bound 1.09 psych level not far away which is why I believe price will bounce in rectangle reversal area and possibly maintain price...

kiwiwalnut Updated 

Leaning towards a short for this pair with 2 possible entries with NFP coming. Choice between foregoing ~ 120 pips profit if PA turns in this idea's favor or risk losing ~100 pips if it does not Oil market sentiment improving with shale oil drillers cutting production but in the immediate time frame will be drowned by NFP release. Forecast to be ~200K but 190K...

kiwiwalnut

Pressure is on for RBA to lower rates next week. However it's not a sure bet since CPI data likely caught the tail end of declining oil and commodity prices; that are currently rallying. So can be viewed as premature to decrease rates and may get mentioned in release as a convenient excuse to stay put. Central banks positioning themselves and leaving plenty of...

kiwiwalnut Updated 

Despite crippling CPI data - I feel that there is still a strong bias on AUD. Reasons why I believe AUD bias is still strong - Commodities are up and futures still running high - speculated on or out, that's the direction of the market - RBA still has plenty of room to move in interest rates and AU derived bonds still looking healthy in immediate short term -...

kiwiwalnut Updated 

As per reasons to strong bias to AUD in link, .76000 area will be a strong rally point and support for AUD. See what happens when everyone back from ANZAC holidays in Australia. Have an pending sell stop to catch the break if it happens - not likely but pending FOMC will see what happens. High risk trade = small position TP 1 around fib .500 TP 2 gut shot high...

kiwiwalnut Updated 

Have a possible div and structural resistance and pivots. Entered early - and holding no matter what. See how news week unfolds

kiwiwalnut Updated 

A hopeful trade - looking for a little fight back from the embattled greenback. Small short to test the market. Very aggressive trade entry. To all that were shorting this pair - reversal may be soon. The bearsharkoctopus has returned!!

kiwiwalnut Updated 

I have been waiting all week for this. Pivot, trend, EMA200, FIb levels you name it. Strong resistance @ entry level. Trade your levels and within your limit

kiwiwalnut Updated 

We see a retest of strong structural support just below 1.6300 area - also various key Fib levels. YoY CPI announcement out almost first thing upon market opening. Expecting no change to YoY inflation as decrease in CPI unlikely due to a pick up in housing market activity last 2 months - a significant over weighted element in the basket of goods measured. Dovish...

kiwiwalnut

** Highly opinionated and speculative ** With weaker data from China and event of the week @ Doha with OPEC ; flight to risk off havens such as JPY might be in order Monday. Charted GBPJPY-0.19% as the cloud over Brexit is still talking point for GBP and if this entry is hit and prices drop - theres no knowing where this will stop until quite possibly further...

kiwiwalnut Updated 

Everyone would have picked up on this now - so I'll keep it short. If H&S - enter @ MA200 point for a short to retest trend line where it will bounce and fly Due to recent CAD news and oil price and options ( find out yourself ) - double bottom likely. In this instance, it will break MA200 and retest on resistance support @ 1.328xx area and fly!! Good...

kiwiwalnut Updated 

Ok guys - I'm just gonna wait for everyone who has been short to pile on the comments. It's just that all my recent ideas ( not posted ) have been WRONG. So I'll take one for the team and am LONG. You can all thank me later the moment GBP dies and this pair drops This trade can be cannon fodder for the bears

kiwiwalnut Updated 

RBA crunch time tomorrow for Malcolm - how rosy can he paint the picture....? Hoping for a pop through trend line for a little bit before springing back up. Looking to long AUDNZD from target onwards --Trade your plan and within your limits--

kiwiwalnut

Pure technical trade as I am super dovish on kiwi out look thoughts?

kiwiwalnut

Idea - Look to be in upwards channel also