maglite55

maglite55

Price below 200 EMA Likely gap down when open. Geopolitical risk adversion bias to the downside. Bad US data drop will amplify when liquidity comes in to fuel the move. Likely will see some channel movement till breakout

maglite55 Updated 

This pair seems a little overextended taking out the trendline resistance above 1.66 watching AUD weakness for potential to breakdown below 0.747 to take this long. Break above 1.6723 will signal a trend reversal to go long

maglite55 Updated 

Will be waiting for this to form for possible short trade

maglite55 Updated 

Depends on how the events play out. Expecting support to hold

maglite55 Updated 

Good risk reward to consider 1. Support holding in trend 2. 61.8 reversal off daily 3. Pair to capitalise on general DXY weakness Break above 1.0710 good trigger

maglite55 Updated 

fib levels and resistance

maglite55 Updated 

Squeezing at top of channel Looking at the obstacles. im more inclined to consider shorts on GU. Alot of obstacles on the upside but possible

maglite55

Watch for pattern breakout

maglite55 Updated 

Looking for a possible right shoulder for the short. Will wait and see

maglite55 Updated 

looking at this, there is still steam left in the usd strength. Failure to break above 100.65 will likely see a counter dollar rally.

maglite55 Updated 

Depending on how the retrace turn out. 1. April is traditionally weakest for USD but this should not be a given. 2. Nikkei dividend season, will be repatriating yen. 3. DXY below resistance level 100.60

maglite55

To test bottom of channel

maglite55

GBP is not out of the woods yet. France elections would throw spanners. Prefer shorter term plays for some entrancement given the usd weakness in Apr to push up the eur. When in doubt. sit and observe.

maglite55 Updated 

Waiting for play. Short has more room to run

maglite55 Updated 

1.Look at the trend 2.Look at the candles in focus (which looks stronger?) 3.Look at the DXY trend in relation / Fundamentals. Logical?

maglite55

Will be looking for retrace to enter long. 1.0830 entry looking at TP 1.0950

maglite55

Never good with CAD pairs. A real test of patience. From what i see its still in a a uptrend. Would likely pullback and test before heading higher. Alternatively can consider short at 1.34 levels if doesn't retest. short term short then long.

maglite55 Updated 

Looks difficult on lower time frames. When you take a longer TF view it seems alot clearer. Risk reward i favour the downside. Lot more resistance topside Patience and proper risk management.