The UK has a new prime minister in the form of Boris Johnson. He is in favor of Brexit and will likely build a cabinet that will represent that bias. The retail market is taking this a 'short' on the GBP and sentiment indexes suggest we could now see a reversal of that bias. Boris Johnson was likely to become prime minister so will the market have priced that in?
In this video update, we take a look at the GBPUSD and the potential for it to move higher this week. Lot's of volatility will be surrounding the GBP as a new prime minister is set to be announced. However, the commitment of trader reports has highlighted that the commercials are continuing to buy at current levels showing a change in trend could be on the horizon.
In this video update we take a look at the trades that were left open for the week where they are positioned and how we can manage them. CADJPY- Breakeven and likely to be stopped after poor retail sales. NZDJPY- hit targets on 4hr trade, daily still open and in profit. EURGBP- open and in profit. USDSGD- open and offside slightly.
In this video, we discuss the short trade posted on the telegram channel. We are looking for this market to continue lower as the CoT reports highlighted the commercials are actively buying the pound at the current level. This means we could see some GBP strength in the coming days and weeks. EURGBP rejected the key weekly resistance and formed a bearish...
In this video update, we take a look at NZDCHF as price hit targets on this trade this morning. Price has now completed the inverse head and shoulders pattern and could continue up into the weekly lows as kiwi continues to strengthen.
In this video update, we take a look at Silver as expect the market to reach the monthly highs of $16.00. The 4hr timeframe has started the move higher, forming a higher high with the structure highs offering a good level of support for a long opportunity. If the price can retrace we can look for bullish price action in this zone.
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.
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.
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.
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.
In this video, we take a look at gold from a technical point of view as the price is finding resistance at the $1440 level. This level derives from the August 2013 highs. If we see higher timeframe bearish price action here we can expect a retracement back into the key demand of $1360 or at least $1330. This would need the USD to gain significantly which we don't...
CADJPY has recently formed a new higher high and with strength and weakness indicators suggesting that the Canadian dollar is strong and the Yen is weak, we can look for the trend to continue. In this video, we highlight 2 possible swing trading ideas.
In this video update, we take a look at a potential swing trading opportunity on the 4hr timeframe. The daily chart is forming higher highs and higher lows and we could expect the price to test the previous swing highs and key resistance. Now price is back to our demand zone we are looking for a HH, HC candle for a long entry.
In this video, we break down the EURAUD chart as sentiment changes to a bearish outlook for the currency pair. Now the price has formed a daily lower low, we can expect the price to continue lower. If price pulls back to the structure lows we can look for a continuation move.
In this video, we break down the Silver market with a top-down analysis approach. The monthly timeframe is suggesting we continue looking for longs into the previous structure highs. The daily timeframe highlights a bullish trend and we can look for long opportunities if the price can re-test the previous structure highs.
AUDJPY is currently sitting at a major support level and with the monthly candle shaping up to be a bullish doji candle we could look for long opportunities from current levels. The 4hr timeframe has changed cycle and if price re-tests the 4hr highs we could look for a long position.