CBMotivation

CBMotivation Updated 

The Aussie / USD has been on a downtrend since the end of January, and looking at those big fat tails on the bearish candles, we'd say the move down was complete, but you'd be wrong. A bearish RSI on a weekly time frame is indicitave of a continuation. but that's not enough, various signals in US equities and bonds show us that the USD has much more strength in...

CBMotivation Updated 

I cannot get excited about a long on this pair, a fat daily sell candle is there to see, and look at this hourly time frame.... rejection, rejection, rejection, but we do have lots of numbers this week and the Kiwis keep contradicting us with their hawkish and dovish chat, only time and the market will let us know, but risky, frisky this one, in for a 0.5% risk on...

CBMotivation Updated 

I'm already active in this trade and have been for some time. We're a point of major support, where I thought we may have completed this beautiful downside move, then I saw the Head and Shoulders pattern at the bottom, which in this form, is a continuation pattern, if, and it's a big if, we break the baseline, then we'll continue further down, to the next level...

CBMotivation Updated 

Ascending triangle in a downtrend, below the moving averages, falling volume, flat RSI on this timeframe, long rejection wicks on the hourly timeframe, seriously weak Euro and NZD after last nights report, but whose going to be weaker, I choose the Euro, in the down trend.

CBMotivation Updated 

Yes, this is a long-term view, but to understand any successful trade, you must look at the big picture and understand the underlying pressure on why the current trend exists and where the final target might be. The Euro / USD has been in a long-term Bear channel since 2008, and as far as I'm concerned, we have a long way to go yet, but unless you're already in...

CBMotivation Updated 

On market open, we have the Japan Trade Balance numbers. Historically, it's rare for the market to move in either direction a considerable amount, unless the forecast has been missed completely, this has happened twice in a year, both times the market fell over 500 pips, but each it was in a down trend, so a potential opportunity to get a bargain on a pullback at...

CBMotivation Updated 

This can only be played out once volume enters the market, target is 147.5 where the "point of control" was previously established. We have divergence on the daily chart, with weak volumes on other time frames, so not the best confirmation, but what the hell, I'm already in this trade from a few days ago. Intra day trade only.

CBMotivation Updated 

Very interesting pattern developing on this pair, I've already mentioned about the increasing strength of the Aussie dollar, and the weakning of the YEN. If we see a valid inverted H&S pattern, known as a "bottom", this is a bullish reversal sign. I'm already long from the left shoulder on a short term trade, but should this trade pattern prove positive, I will...

CBMotivation Updated 

Lovely flag has developed, I've done well out of these, working 70% of the time (see link below for more details on entry). We have some strength in the Aussie and weakness in the Kiwi, so this pattern signafies a continuation of that. The flag-pole length is our target, which happens to be the 61.5% fib level

CBMotivation Updated 

I'm already long this trade and in profit from 1.84. But my first target is the resistance at 1.98, if we break this line, then we have the potential for a lovely move to the upside, and based on the weakness of the kiwi dollar, there is some great potential in the move, but wait for a signal from price action and if you want to enter earlier, I would wait for a...

CBMotivation Updated 

I'm short on gold until the 50% fib levels where there is major support from 1295 - 1305, where I will either be looking to go long, or continue on down towards 1285. We currently have a nice long tail on the pin bar at a major level of confluence, the RSI and volume is declining and we have a huge amount of strength in both US indicies and although a slight...

CBMotivation Updated 

We're in a pretty exciting position right now with Cable and the Aussie dollar, I've done well out of this pair. We're at a major area of confluence for this pair and Sterling is showing some downtrend weakness on the GB Index, with the Aussie showing as a big fat pin par bouncing off a trend line from its long-term lows, it's time for a rebound on the Aussie, so...

CBMotivation Updated 

FLAG pattern, pulled back to 50% of the pole, wait for a breakout from the flat, pullback and hold, with the second pullback, then it should rocket away with strength to the full length of the flag pole, and up to recent highs. Flags are continuation pattern, we are in an uptrend, flags can still fail, wait for the breakout and confirmation before entering the trade.

CBMotivation Updated 

Looking at the longer term analysis of this pair and subsequent "noise" coming from Mr Carney of the Bank of England and somewhat confusing responses, "The biggest challenge, and opportunity, for the country is the Brexit negotiations" , Mark Carney replies. Well I agree Mr Carney, the biggest challenge and opportunity on this pair, is working out which way it...