Trendline was broken already last week, if you didn't catch it you may only want to enter when it retrace to a pleasant level, which for me I would consider 1.1978 area. I have already got a short trade but will enter again if it his 1.1978; On the other hand, if it gets difficulty to pass 1.1951 it may simply go down further and hit 1.90 very soon.
Gold is having a good buying strength at the moment whilst dollar is preparing for another jump. I'm setting up to short XAUUSD at 1792.62 level which is near the last Friday's high but lower so to maintain within the trendline. SL can be set even lower at 1790.65 because if it reaches 1789 I would have already considered my setup as a potential fail. Gold can go...
Note: orders already setup. first one activated. The other two are pending orders with no expiry. If trade 2 gets activated, it needs to be TP or SL by Thursday. If trade 3 is activated, I'll happily hold it over the weekend.
I expect a small GBP retracement after last Friday's drop; however UK's weekend news was pretty bad (politics & COVID) so I'm not sure whether it will retrace that much to my sell price. A more risky sell level is around 1.3894 area but I'm not going to risk on it because I have already got a trade entered last week at 1.395. This week there's NFP from US so the...
I use DXY only for analysing other pairs. Yesterday's impulsive rise did not break 91.905 which is high of the ranging zone, so I suspect the consolidation will continue (may be up to Thursday). It can go down if falls below 91.663 again and breach 91.500 which I doubt seriously consider the recent two failures of attacking the 91.530 area. So that leaves me to...
Gold has been unfortunate enough, that I consider this to be downtrend continuation. Gold took a significant amount of my equity not many days ago, let it fall from the heaven.... have a nice weekend.
Forgot to publish this one. It just hit my previous buy price alert so I decided to publish again - still worth a buy enter. GL May hold for the weekend and more days if DXY does its job (currently not otherwise I wouldn't have been bothered by the alert....) GL.
Note: I only have a very small lot size in this trade (activated order). Really depends on today's news I guess. NAS100 is on the edge to either break higher up starting a new era, or go back down slightly just to take a rest. RSI has cooled down a bit for some drop potential, however I experience that NAS100 has rarely respected RSI.... Regardless, RR is high...
It's a very clean three white soldiers pattern formed last week; although triggered by the US news, it was validated by the market. Retracement seems not that much yet, so it may potentially drop a bit more to 0.91372 area, but I prefer to consider the uprise start earlier given the facts of Swiss's money policy versus recent US dollar strengh. SL is just...
RSI is now with plenty room to sell again; trendline was broken with a reversal sign from last week although not firm enough. retracement reached to 0.786 so high enough to resume the drop. JPY has a month end unemployment data release, however I don't hold my position that long so will close either SL hit or maximum this Friday. Price set around 132.49 however...
SL can be 1.20002 if you are confident that the uprise will not break the 200MA. However with the PMI news coming soon, I would set the SL at 1.2023 just to be safe. The daily engulfing candle should support the uprising momentum a bit further till it runs out of gas, which hopefully reaches to my selling price; the last weeks drop formed 3 consecutive days of...
The bullish candles are running out of steam on daily chart. still think it can go up a bit more, and then drop from the fib resistance at 154.586 - 154.717. SL at 154.824 however can be higher to a few pips above last week's high if that's more comfortable. Small lot size so worth the risk.
Pound has recovered and capped at Fib 0.382 from recent fall. The last candle is like hangingman candle although not in perfect trend condition. The green engulfing candle prior than that indicates a bullish move so if you want to be safe, best entry should be around 1.39855; I will setup 2 other trades with larger lot size than this one entry at 1.39765 and...
CHFJPY is now at the 50MA, and retraced about 50 Fib from previous drop. It should drop a bit now, and if not, it will go up much higher. Accidentally activated order already, so please please.... :)
Note: I'm not in this trade. Not sure what happens when Powell talks together, but I believe a bit more correction is needed before another jump. GL.
a small lot size considering the tight SL. euro has been in consolidation yesterday and finding its way back up (which I thought to be going further down). DXY is doing the same but finding it's way up, so it's risky to say Euro is definitely going up. the move is not convincing enough yet, but worth a bid . A safer SL would be below 1.185 in m opinion. GL ...
This is based on assumption that GBP is now out of gas. With many issues within the country, and a hawkish move from the Fed from the US, I do feel the pound recovery is limited hence similar situation to all other GBP pairs. Bear in mind GBPUSD currently is reaching to 0.5 Fib recovery since last week's drop, and the RSI still have room rise higher, so this...
A simple setup to catch the newly formed downtrend. Market is definitely forming an epic downtrend. how far going down I don't know, but for now it should catch a small pull back after so much drop since last week, but I don't expect it to go above 200MA. which will be the position where my sell kicks in. GL.