Pipphenes
USDCAD Long Opportunity USDCAD – USDCAD Is a Powerful Pair! FEEL FREE TO GO SMALLER!
Buy __ __ USDCAD at 1.32176 (NOW) -> sl: 1.31001 tp: 1.35113 (small lot – or half of normal small lot)
On 1.00 Lot:
SL = -117pips & -$889
TP = +293pips & +$2,222
Little cluttered, more for us to monitor than a clean setup:
CXY looks like it will drop hard.
BUT DXY still runs the show and weakness is still expected.
GO SMALL!
EURUSD Short EntriesMultiple Short Opportunities on EURUSD
From Monthly to H4 Timeframes.
Quarter of Normal "Small Lot" (1/4th)
Small Lot = 0.05 per $1,000 *Balance* MAXIMUM
EURUSD Weekly/Monthly Short *Long Term* Trade
Sell EURUSDi at 1.18029 (NOW) -> sl: 1.21091 tp: 1.09109
On 0.25 lot :
SL = -306pips & -$765
TP = +892pips & +$2,230
We want to get into this trade.
We will be adding positions as it develops.
The Monthly DXY & EXY Charts Look Great.
XAUUSD Short EntryNot for accounts under $10-15K
Sell XAUUSDi at 1949.58 (NOW) -> sl: 1997.01 tp: 1838.52
1/10th normal small lot.
H4 Timeframe
SL = -$474
TP = +$1,110
Just letting everyone know what we're doing.
Not a trade for many accounts!
Retrace hit our .5 fib perfectly. Entering our short now.
USDMXN Small Lot ShortGoing for an entry after a few weeks of avoiding the market.
DXY looks like it's retesting and going to weaken.
SMALL LOT!
Sell USDMXN at 22.7597 (now) -> sl: 22.9584 tp: 21.5089
SL = -198pips
TP = +1,250pips (large/wide TP *for now)
1.00 Lot =
SL = -$872
TP = +$5,489 (large/wide TP *for now)
Plan accordingly
H1-H4 Timeframe
USDCHF H4 Potential Long6/10 trade.
Roughly 40% risk on SL hit.
Go small.
Manage closely.
We've entered knowing the factors above.
buy USDCHF -> sl: 0.96134 tp: 0.97596 (small lot)
-42pip SL (1.00 lot = -$438)
+103pip TP (1.00 lot = +$1,076)
**HOWEVER** **we** may have to drop SL lower, so act accordingly.
GBPUSD Short Entry - But Be Careful! GBPUSD short.
BXY potential weakness coming this week.
DXY looking like it will gain some strength off the support trendline this week.
However we do see the potential for GBPUSD to break to the upside for one more leg first!
We have entered with our standard "small lot" (0.05 per $1,000 balance), however you may want to consider going half of that.
-55pips SL
+307pips TP
GBPUSD was taken on a H4 chart & we’d give it a 70% probability for success. SL is pretty tight for the setup. We can easily see it moving one more leg up first (tapping our SL), keep all of this in mind. Consider going 0.02per $1K balance or less. You can always add to your position.
EURUSD Short *maybeDXY -> Strength
EXY -> Weakness
We entered yesterday and are sitting at roughly +42pips profit.
Still potential for a breakout to the upside, this would require something big with either the US or Europe (very possible) with the ECB's "announcement" coming soon.
Rate cuts will continue this month. Likely going negative.
Can join us now or wait on further confirmation with the weird volatility mixed with consolidation we have going on.