It seems to me that the chance of a fed hike is priced in. Despite all the data - we have not pushed back through 1.0820. There is support below. On several occasions we have failed to take out clusters of net sell stops situated right below 1.08 under heavy selling volume. There must be some real demand for euros ...
For now EURUSD in a range, messing with the big descending TL. Support is from shorts on the book in the 1.0980-10940 area. Break below 1.0930 Sunday is bearish. Trapped longs looking to get out provide some resistance at 1.1060/80 area. Play it. Get payed.
EURUSD out of the gate next week. Place a limit order at 108.80. DOUBLE UP if we get to 1.09.50 area. Stops at 1.1060. Euro is going to 1.07. There are 100 pips of SELL STOPS stops below 1.08 from silly longs. Any rally is a fakeout. I'm not afraid to be aggressive in this pair and drop bombs as long as the stop ...
It's not too late to get on board the money train. A pull back to the 1.98 / 1.97 area is a possiblity. Add to your position. Go big. Trading can be easy if you let it. There are stops below the USDCAD to 1.27 and the GBPUSD to 1.55. That puts us back to 1.9680 roughly. This is a very volatile pair. Reduce your ...
Second only GBPNZD looks to be in the EARLY stages of a powerfull multiyear uptrend. Just zoom out. In addition to the strong technicals there is a strong macro case story here about diverging economies. I'll spare you the lecture. I've been trying to get on board this rocket safely for a few weeks now.
I'll spare you the Macro rant and just say the this GBPSGD trade looks like a potential lucrative way to play the divergent themes between Europe and Asia right now. The .5 fib is just above the most recent highs. All the technicals are there. I'm starting small and will ride this as far it goes.
From the WSJ - ...
We are the hollow men
We are the stuffed men
Headpiece filled with straw. Alas!
Our dried voices, when
We whisper together
Are quiet and meaningless
As wind in dry grass
Or rats’ feet over broken glass
In our dry cellar
Shape without form, shade without colour,
Paralysed force, gesture without ...