In this video update, we take a look at the current open positions on the telegram channel. We are looking to continue the risk on sentiment in the market. We look at managing some open positions as well as discuss what we expect to happen.
GBPUSD looks likely to re-test the lows as price broke through a minor demand zone and re-tested recently. Price remains bearish with the 20, 50 and 200 EMA all in agreeance. GBPUSD will likely remain bearish due to the ongoing Brexit uncertainty and recent run of poor data.
AUDJPY could be forming an inverse head and shoulders pattern at the key demand zone. If the daily timeframe forms a new higher high the pattern will be completed and we can look for continued long opportunities into the key resistance lows around 77.50. This market reacts well to risk on and risk off sentiment. If the risk on sentiment continues we will likely...
In this video update, we take a look at our GBPAUD trade as the price has moved in our favor. Because it is a Friday we could look to manage the trade by either closing our position now or moving stops to breakeven to cover our position. Price technically is at a minor demand zone and could form a higher low here as traders will look to take profits or move...
In this video update, we take a look at NZDUSD potential to break the key 0.6700 level and head up to the key 0.6920 highs. The CoT reports show that long contracts continue to increase at current levels suggesting further upside is likely. Wait for a confirmed higher high before looking for any trading opportunities.
We have been stalking the SPX500 for a long opportunity ever since the price had broken into new highs. When price entered our buy zone we took a long opportunity back into the key highs. Now price is back at the highs we need to wait for a correction of a break higher before looking for any other entries.
WTIOIL has broken into new highs on the daily and looks likely to continue higher. The monthly timeframe finished bullish suggesting we could see a higher low. This should form a bullish trend on the daily timeframe. The Fibonacci highlights the 161.8 fib extension as a key resistance in line with the monthly highs.
NZDJPY could be forming a bullish breakout pattern. Price has failed to breakout lower on multiple occasions suggesting buyers are active at the current level. The Japanese Yen has recently weakened with the risk on sentiment returning back into the market. If price breaks out we can look to long the market into the key daily highs.
EURAUD has bounced significantly off the support zone and looks likely to test the double top neckline as resistance. If price enters this zone we will look for a short term move lower. Look for any signs of bearish patterns such as double top on a lower timeframe for a better entry.
GBPAUD is pulling back to the 4hr lows with a 38.2 fib also adding confluence to the level. If price enters our sell zone we will be looking for bearish opportunities with targets at the daily lows.
The DAX has also fallen into the key buy zone where we could see buyers step back into the market with targets of the key resistance zone of 12830.00. We will be looking for lower timeframe signs of buyers stepping back in here. A double bottom pattern would be ideal in looking for a long opportunity.
In this video update, we discuss a potential swing trading opportunity on the SPX500. We have spoken about this on recent posts and now the price is in the zone we can actively look for positions. We will be waiting for some bullish price action to trade back into the key highs.
In this video, we take a look at the current CADJPY position. Price is near 1:1 risk to reward and we could look to move stops ahead of the BoC rate announcement this week. The Daily and weekly charts suggest the CAD strength will continue here so we are happy to hold this trade.
BUY: LIVE STOP LOSS: 40 PIPS TARGET: 102 PIPS Price on the weekly timeframe looks to be in a retracement phase which could end at the previous weekly lows around the 0.7030 level. The 4hr timeframe is forming higher highs and higher lows supported by the 20 and 50 ema in order. Price retraced to the buy zone and formed a higher high, higher close candle. We...
USDNOK is back into the key daily lows where we could see sellers re-enter the market. The USDNOK is currently trading within a weekly range and could see prices test the key lows of the range in the demand zone labeled on the chart. With Oil prices on the rise once again the NOK could benefit and gain strength. We will be looking for lower timeframe shorting...
The NFP numbers came in strong for the US which saw a spike in the price of the USD Index. This data could be seen to have put a dampener on investors minds in how quickly the Federal Reserve is to cut rates in the future. If the data continues to be good for the US the need to cut rates could be pushed back.
In this video update, we take a look at the S&P500 for potential long opportunities. The market breaking higher suggests the risk on sentiment could continue with safe haven currencies being the most affected. If price pulls back into the structure highs we could look for a lower timeframe swing opportunity back into the highs wherever they form.
Bitcoin on the 1hr timeframe could be forming a bullish breakout pattern. Look for long opportunities on the break with targets of 12340.00.