JPY rally due to market correction and global risks. Stalling. It's been a month with everyone on the same side of the trade. Euro always getting beaten up due to political risks despite good economic. Market already positioned for the worst (Le Pen wins). Getting ready for a (good) disappointment. Small position opened on monthly support, oversold position +...
After breaking even during fed's rate hike I keep thinking that we need a proper retracement on this trump rally. FTSE and DAX trading at potential turning points. Heading into the weekend with hawkish BOE after a USD rate hike may trigger a sell off. As I always do when calling tops and bottom tight SL in place.
I have a position in all 3 instruments already. US 20 trillion debt is something that cannot be stretched anymore. This fantasy trump rally is as fake as his tan. With revenue decreasing and stock being artificially pumped the bubble is about to burst again
Risk off week Fade the rally. Everyone on the long side, hedge funds reducing exposure. Catalist: fed's rate hike
Political risks with the french elections soon. Market pricing way way ahead the positive euro outlook for next year. NZD oversold on many pairs. when price hits 0.23 retracement/daily 200 EMA stop to BE
Bull flag/descending channel broken. Cross currency analysis led me to believe that EJ is going to have a strong retracement/reversal in the short term. USD/CHF and CHF/JPY short bias. EURUSD overextended at resistance. USDJPY already falling. Will try to enter a big position at a good price after market opens and then escale in and out towards the downside.
Retracement stalling at 0.61. Trading only high probability setup, no matter if my bias is short or long on the medium term. 140 pips target till previous resistance /support
EURCAD long at wedge support. Trading the pullback against the trend. (EURUSD at bottom of ascending channel favours this rebound) USOIL rally brings EC to area of support. 1:1 high probability trade, I always look for those areas where price may go no matter where the bigger trend heads to.
Ascending channel, former resistance becomes support. 1st target 1.07, taking most of the position out in case the bigger downtrend resumes.
Weekly double bottom. Both pairs retracing from the late 2016 trends Next major resistance in play: 1.2850
Overvalued NZD (I can see reversal patterns on many pairs) Potential oil bullish breakout favouring CAD. Technical entry as decribed for a short on NZDCAD. AVG price at the moment 0.9558
DXY due to have a correction to the upside soon. Technical resistance confluence on NU
GBP oversold on many pairs, usd pulling back. GU at monthly support, just trading the small retracement till channel trendline. Avg price 1.2139
Bearish AUD bias till end of the year, JPY could retrace this week as part of uncertainty of central banks meeting or as end of year profit taking. 1% risk counter-trend trade at potential resistance.
www.poundsterlinglive.com RBNZ doesnt like his currency to be this expensive. GBP retracing/recovering strength after markets got ahead of themselves pricin in the very worst scenarios.
GBP recovering after worst scenarios where priced in. AUD Falling on many pairs after bad GDP data and falling gold prices. Aud bear till new years, when gold could pick up. I'm currently analising these currencies strength to the dollar, and AUD has a lot of room to fall, where the pound has been on an uptrend technically. I will post other crosses charts to...