Mightybazza

Mightybazza

With fed about to raise interest rates tomorrow in under 48 hours, the USDJPY pair is running out of time for a pull before it continues to the upside. My idea is that it is unlikely to pull back due to sentiment around rate hikes, as well as USD being the 'safe haven' whilst Japan is unable to raise rates. My strategy. Am going to place a position as is with a...

Mightybazza Updated 

As the DXY seems to be making another push to the upside, the risk on pairing of the NZDUSD pair has the potential to the downside, at least till the DXY tests resistance.

Mightybazza Updated 

Looking to take a short trade back towards 1855, where I believe we should see a bullish switch after testing recent strong confluence zones between 52-58 Take profit will be at 1858,1855 and 1852 for my three small positions. After reaching the area and consolidating, my thesis is that it'll resume its uptrend.

Mightybazza Updated 

As we can see on the 30m chart, we are looking to form a inverse head and shoulders pattern, inside a larger rising wedge. Look for an entry around 1844-45!

Mightybazza Updated 

AUDCAD seems to be retesting a solid area of support after putting in a double bottom and forming a 'w' For now, I am looking for a higher high, followed by a higher low before going long. My idea is to put in three orders, with three different take profit strategies. First two are marked on the chart, with the strategy for the 3rd being a trailing stop in the...

Mightybazza Updated 

Potential for 10:1 + risk reward?? CADNZD is pushing to break out over multi-year highs! I am trading this with a trailing stop and going to ride her as far as she takes me!

Mightybazza Updated 

On the H1 chart for AUXUSD - not the most beautiful example of a head and shoulders, but potentially something to watch. I have been watching this since yesterday's high and it has been playing out nicely as drawn!

Mightybazza Updated 

Looks like a head and shoulders is forming up on the AUDUSD H1 chart. A potential move to restest the neckline at 1848, and beyond down to 1940 if broken.

Mightybazza

Title says it all! Macro factors: NZD risk on currency, RBA raised interest rates.

Mightybazza

Weak yen keeps on weaking and the CAD is bolstered by oil profits! entering as it retests MA's! Taking 2 positions, one with a recent high TP, and a second to let run with a trailing stop!

Mightybazza

With the RBA increasing rates more aggressively than planned, it should return value to the Australian Dollar, at least in the semi short term before other central banks catch up. Looking for a move to the previous swing high on the daily chart!

Mightybazza

Euro CAD is moving into a multi year demand zone, could be an oppotunity to try catch a bounce or reversal!