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Currency-trading

500 pip trades are setting up everywhere, especially here!AUDUSD, EURJPY, USDJPY, AUDNZD, NZDCAD and many other currency pairs are all setting up for 500 pip plays and we want to be ready for the action! DXY needs to confirm with a clean break out on the daily chart (it's nearly there) and we need to get past FOMC minutes on Wednesday but barring anything super crazy happening there, we should see a clean move on USDCHF. If GBP panic movement was a sign of things to come, I want to be long USD against most pairs as the moment but we need just a little more confirmation.
Long
by JaredJJohnson
Massive H&S pattern, get short then longThe weekly chart is pretty interesting looking here for a few reasons: 1) we had a large channel break and have run up steadily into 4 year old resistance (8800 area) 2) if resistance holds, I want do short below 8800 for 100-200 pips, maybe more but at least that. Then look for an entry long around the .8000 level 3) if this all plays out we could see 600-1000 pips of movement long term. This pattern is huge and could take a long time to play out. The short term opportunity is to short trend line breaks as long as price stays below 8800, looking for 8650 and below as potential targets.
Short
by JaredJJohnson