One of my favourite pairs is £/Yuen This is a long term trade I have been waiting for some movement for a while, this will be a nice downward trend so get in, risk no more than 2%, lets ride this bad boy to the floor! BOOM I like to use different strategies for different pairs. For example, Gold trading has a whole different set of analysis in comparison to...
Hi, I've been trading a good while now, and G/J is my huuhhhh ! I can't leave it! I feel now I have nailed it. This is always using supply and demand strategy with 3 minimum complimenting confluences, for example, EMAs, RSI and candlesticks all in support of my trading idea, not to mention market structure is determined correctly. My goal is to help people...
Starting with monthly chart, GBP/USD is continuing a clear downtrend. Then look to identify a bias from here, to the weekly, daily, 4H. To get a really tight entry you could ride 15min chart, but all in all, a safe trade would be 2% max risk, get in now and hold it until orders are filled. Potentially 1.14800 If we look to consider all the factors surrounding...
I took this trade yesterday. Based on the soft edge the Dollar has been showing end of 2018 and into 19 |I'm holding this one until it hits the 107.0 level. The market is likely to retrace then a little so aiming to close in the blue! Lets see how it plays out... have a great weekend
Look at the levels of continuation and factor inn if still looking good for the sell off as GBP is very weak against other major currencies this week. EYES peeled for political outcome of BREXIT 'Deal or No Deal'??
A break of a previous level is a strong indication of a continuation to the upside, also Germany, and Eurozone has some positive data despite political uncertainty that is clouding France & Hungary Keep a close eye on this BULLISH momentum
I drew my chart on the greenback last week some time and thought I would share as it has significant impact on major pairs as well as the price of GOLD. For the time being we are seeing bears gaining momentum. Keep a close eye on the $ Draw up your analysis on the Dollar, Sterling and Euro, and Gold. Are there emerging patterns? Lets look again on Sunday at...
A potential downside movement for a second day, its been ranging for a while, but fundamentals point to a considerable short trade. Choose your target. Conservative (Careful) traders close at around 1.68 if continuation pattern emerges take it to 1.66490 Always be prepared for different outcomes, but in the same breath, STAY IN THE TRADE! Look at data...
TAke entry and be conservative with your take profit.
A simple potential short to 134.00 is easily achievable. Fundamental analysis points to a weak £ due to a obvious 'No DEAL' Brexit for May Technical analysis the chart will make a small continuation upside, followed by a considerable downside move, but remaining a conservative trader, my target is at around 134.00