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EURUSD - Anticipating another pushThe weekly and monthly upside projections have been reached. Price very often would start to retrace at this point hence that is what I am anticipating. I am bullish of the EURUSD hence I am looking to buy the dip at these liquidity pools I have identified on the chart. Sometimes, after hitting range projections, the price also can go sideline for a period of time and continuing the trend. I hope not because I want to get on to this bullish train but I don't want to chase the price either (hence waiting for pullbacks). If the institutions want to keep loading their dollar shorts/euro longs, a pullback indeed a necessary procedure to get more bullish liquidity by consuming sell orders in the downside. In over 13 brokers, the aggregate ratio between long and short for the EURUSD is 70:30. 70 for shorts, 30 for longs. There are no economic data for both Euro and U.S, but there is a brexit risk and U.S China Trade talk PLUS there is the EU Summit going on right now.
Long
by sufiansaid
Strait Times Index PlanI know there are a lot of levels I look for bullish liquidity there. It is only because the market presented me with a lot of levels to "play" with. I am technically bullish on the Singapore Dollar (SGD) in spite of the recent easing policy of the currency. There is a positive correlation between the SGD and the STI it seems at the moment hence I am looking to speculate this index to move to the upside. I am looking for business at one of these levels I have marked on the chart
OANDA:SG30SGDLong
by sufiansaid
Brexit "optimism"I am not a huge fan of trading the sterling solely on technical analysis. Not with Brexit development causing price fluctuations from time to time. I always prefer (tho not exclusively necessary) trading any currency while having an objective picture (market sentiment) of the market involving the currency I want to buy or sell. I might be late to the party (buying sterling on Brexit optimism) I have a solid belief of what the mood of the market is regarding the sterling at the moment.. that is cautious optimism and not fully priced in. I am cautiously bullish on sterling just purely based on short term market sentiment. A price correction is anticipated however that weekly and monthly upside projection have been hit and exceeded. I will only look for business at the levels I have marked on the chart (looking for the bear trap). Risk event for sterling is CPI y/y number however I doubt it will cause a significant spike. Another risk for this plan are : a) Range have been exceeded, institutional profit taking is likely b) negative brexit news
Long
by sufiansaid
1
Natural Gas - Weak bearish w/ bullish anticipation by Mid NovI am counting on a price surge for natural gas as winter is coming (not a Game of Thrones reference I swear). To think the demand for gas to heat up homes during colder season is not a far off assumption. It is October and probability is natural gas would surge up by mid-November, the soonest. Right now, I am still bearish due to technical chart reasons. There are levels I marked (mentally) that if price have established itself trading above it, then I will be more than happy to shift my bias.
OANDA:NATGASUSDShort
by sufiansaid
GBPCHF Bearish PlanIn reference to this plan below, the pair didn't exactly stay inside the range but there was certainly a bull trap/stop hunt/liquidity run above those levels. I am anticipating the price would reach the 20-week AWR downside projection this coming week. Based on this anticipated move, I need the price to tap into one of the levels I marked on the charts, to warrant my short position of the pair The ongoing risk for bearish plans for any sterling pairs is any development on Brexit related news such as bad things happening to Borish Johnson expense and or bad news on no-deal Brexit. No risk event for Switzerland
Short
by sufiansaid
1