Sentiment/fundamental rationale tells me to look for short signals only this week. It is reported that the market is starting to price in RBA rate cuts on Oct 1st (81% as of now so plenty of moves to be had) Technically it is very obvious, at least in an intraday context, AUDUSD have been trading lower and now in an intraday bearish trend. Since I am bearish on...
Medium-term I am bearish hence I was looking for a liquidity run/tap at the upside of the day/week and short EURAUD. On Friday Price made a little upward retracement towards an identified liquidity pool and there was a bearish trigger. I initially risked 0.15% with a tight stop, once I see a liquidity pool above the high of Friday then I widened my stop loss and...
Last week's range was approx 190 pips whilst the 20-week AWR was 275 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting several pips more than next week's 20-week AWR , which probably be around 300-320 pips give or take. My bias for GBPJPY is bullish hence I am looking at "support" levels to go Long. If price enters in the...
Last week's range was approx 100 pips whilst the 20-week AWR was 151 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting 10% more than next week's 20-week AWR, which probably be around 160-170 pips give or take. My bias for USDCAD is bullish hence I am looking at "support" levels to go Long. If price enters in the liquidity...
Last week's range was 118 pips whilst the 20-week Average Weekly Range (20-day AWR ) was 124 pips. I would consider it as a range hit This upcoming week's 20-week Average Weekly Range is 124pips. My bias for this pair is bullish (I am bullish on USD across the board) hence I will be looking to LONG at dips and/or at a completion of a stop hunts/liquidity run at a...
I am bullish bias for this pair. My sentiment/fundamental analysis rationale to be bullish is the hawkish Fed's rate cut and the easing safe haven flow based on the US-China trade war and the potential "Oil War" provoked by Houthi's strike at Saudi two big oilfields. My technical rational to be bullish is what I read from the daily chart (I am not sharing how I...
In terms of sentiment & fundamental analysis, last week and this coming week I have established a bias**. The bias is that I am moderately bearish on EURUSD (weak bearish) ECB is in quantitative easing mode whilst the Fed had done a hawkish interest rate cut. **There will be a week when I do not have a fundamental/sentiment bias due to my limited knowledge on...
Refer to this trading plan : Short Risk : 0.28% 1/2 TP at 1.5R other 1/2 will be managed accordingly
Refer to this trading plan : Long Risk : 0.24% 1/2 position TP at 1.5R (as illustrated on the chart) Other 1/2 position will be managed accordingly
Please check in this link as a reference of the original trading plan for XAUUSD : There are two price levels I am looking at and will wait to short XAUUSD if there would trigger when the price reaches there
Referring to the this post 2 days ago : The daily range for yesterday was 100 pips roughly whilst the 20-day ADR was 130. I would consider it a hit. Today's 20-day ADR is 132 pips and I expect this will be reached today and hopefully to the downside. I am still bullish the Sterling and I am looking at liquidity pool at 134.600-134.500 and 134.00 price...
Yesterday's trading range was 63 pips whilst the 20-day ADR was 114 pips. I am expecting a price expansion today and I am hoping the high of the week will be formed for this pair and goes on a downward move towards the weekly downside projection (the 20-week weekly range is 230 pips). I am looking at the liquidity pool around 1.616 -1.620 and when price enters...
Yesterday the daily range was 32 pips whilst the 20-day ADR was 52 pips. Price missed the daily range hence I expect a decent price expansion of above today's 20-day ADR of 48 pips or at least hitting the exact range projection. I am bullish bias for CADCHF hence I am looking at the liquidity pool at 0.74800-0.74880 and/or 0.74700-0.74600. If price enters into...
Yesterday the daily range was 122 pips whilst the 20-day ADR was 142 pips. There was a miss in daily range even though 20 pips for this beast could be considered a hit. (Discretionary analysis red flag!), I am NOT anticipating a price expansion today (price exceeding the daily ADR range). Having said though, I am looking at the liquidity pool around 134.00 -...
Yesterday the price went on a 90 pips price expansion. I anticipated a 65-75 pips yesterday (Read it here : ) and this was not good for me personally. Yes, I was Bearish bias for EURUSD but I would only short the pair if the price taps into the liquidity pool that I have pre-determined. Well, new day, let's move on. As I already mentioned above, yesterday...
Yesterday the daily range was 63 pips whilst the 20-day ADR was 91 pips. There was a miss in daily range hence I am anticipating a price expansion today, and hopefully to the downside tapping into the liquidity pool. I am looking at the liquidity pool around 1.12270-1.12300 and once price enters in the zone, that is a bullish activation and I will wait for a...
Yesterday the daily range was 156 pips whilst the 20-day ADR was 110 pips. There was a price expansion yesterday so I am anticipating either a small correction (towards the liquidity pool at the upside) or a continuation downwards but in a small range. I am bearish bias for EURCAD hence I am looking to short this pair. I am looking at the liquidity pool around...