Intraday strategy: Trade: Sell Entry: 1.3248 Stop: 1.3265 Target: 1.3146
Buy Pairs: AUDUSD AUDJPY EURJPY Sell Pairs: USDCAD WOS_SCANNER Pairings. 09.09.2020
The situation hasn't changed much! Even we are currently out of the buy, we are still looking to be a Buyer. Patience and execution are key. Wait for a break back above the 0.7270 and there we have a low-risk entry because the current low will now be a protective stop. We will not be involved in going long below the 61.8% area.
The Aussie is still very strong, the price has been discounted and we have seen buyers' participation from the new HL formed. BUY 0.7285 STOP 0.7270 Target: 0.7380
Technically we have a new downtrend on the 15 Mins Chart, The dominant trend is still a downtrend. Today the outcome of the USD AND CAD News should have taken price higher, however that did not materialize. Trade what you see not what you think. Lower prices are needed.
The AUDCAD has completed its first trend changing pattern to the downside, as we know it takes a great deal of time and efforts for a trend to change. So we expect another attempt at the High before we can see the second TCP. Right now we want to buy or do nothing in the AUDCAD.
This is a price behavior approach, for education purposes. The Price will not travel in a straight line, and it takes a great deal of time & effort for an ongoing primary trend to change. The situation in the Aussie and Kiwi is similar and the approach must be the same, however, we have a hierarchy in our selection whether to buy or sell. When buying we prefer...
This is an intraday approach. Not Valid if price breaks and close below 1.1390. The target area is 1.1470
We are looking at the eurusd, usdchf and the gbpjpy for the beginning of this week. The current outlook is a short term due to change of direction we witnessed late last week.
@DXY- POSITIVE-NEUTRAL @EXY- NEUTRAL-NEGATIVE @SXY- NEGATIVE @JXY-POSITIVE @AXY-NEUTRAL-NEGATIVE OBVIOUS PAIRINGS ARE: LONG PAIRS: USDCHF, USDCAD SHORT PAIRS: EURUSD, EURJPY,AUDUSD,AUDJPY
We are Long the USDCHF and Short the GBPUSD. ======================= NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
Today, 30.06.2020 we are looking at the EURUSD & EURJPY for Longs. Euro is still bullish on the Daily chart despite the move we saw yesterday. NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your...
We are long the Aussie in the Short Term according to our weekly analysis. We have observed Buyers participation from 0.6840 Friday Low, price has been discounted so it is BUY OR DO NOTHING from here for us. Stop Loss is any close below 0.6840. A break above T1 will give us 74% Target. NOTE:Truths -Traders will do the same thing over and over again. -In trading,...
This is the weekly analysis for the week commencing 28.06.2020 ====================== NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
A quick look at the index to see where prices are trading in terms of our analysis on sunday. NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then...
A quick update on the pairs we are looking today.
Today, we are looking at the EURJPY for continuation of its recovery from the Low of Friday. The first area of upside break is 120.21, above here we should expect correction followed by another wave of Buyers. The USDCAD last week has seen some Buyers however, the move prior to that was a very deep correction to the downside. It takes a great deal of time and...
NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.