The Kiwi has had a good sell rally after the double top at 1.2541, broke 1.10 level which it then re-tested and continued and broke the 1.0920 handle. It is a clear breakout from the previous range trade.
Will enter this one as market opens. Would not mind any further upwards spikes since then I will just get an even better price. Will trade this one as I do with my others i.e. paying close attention to the price action at these levels and trade accordingly.
As the market open we will have the Swiss gold vote outcome to trade in this Oil/Gold trade. Will be fairly easy to trade safely based upon the range levels we have. Just keep an eye on these levels and trade accordingly. Happy trading
Watching current price action to see if we will get a re-test of the old 1.4550 level. if it will hold then it will head for 1.47 - 1.48 to start with. If not then it will break 1.4550 easily and head for 1.45 at this stage (possibly even 1.44). With the Aussie weakening a lot lately it will be interesting to see. A lot of data this week so I keep my options open.
By the looks of it on this Daily chart we see a breakout reversing back for a re-test which held at 2.010 continue south. However, I will be careful when trading this moody pair this coming week since we have so much data coming out which. With that said it is still a very profitable pair to trade on the 240 and Daily. Happy trading
No more Aussie pullback trades for me after last week. Will take any pullback at this stage to enter and add on to a sell trade down to 0.80
My last trade was really profitable and went way past my TP. Now I need a pullback to re-enter this trade with an initial TP around 55 and on a longer term around 37.50. One needs to pay close attention to this trade and its pullbacks to re-enter since once it takes off it goes fast.
Will trade this one all the way down to a target around 1000 to begin with. The short term risk to my Stop loss is a possible pullback on the USD index before the Dollar bull rally really takes off - so my current Stop Loss on this chart is not written in stone. I will manage my trade and add on to my sell on every pullback around current levels.
Posted this trade idea 14 days ago and it just got triggered. Targets in steps and still very likely that we will see more spikes to the upside but this is now a really good price to sell so I am in for a longer term trade. Will add on to this trade on every spike to the upside at this stage/price
This chart is an update on an ongoing trade that I placed a week or so ago. Was very close to being stopped out and are still at risk - so I will move my stop just below those spikes and let it be at at 1.0900. Lest see if we make it to the top this time around. Happy trading
Was hoping for a nice breakout to the upside the other week but it failed at the 2.0000- ish level and it seems that we are heading south again. However, I wont set any long term targets just yet, but rather just trade this one level by level. Up or down doesnt matter for me. Will trade it based upon seeing breakout attempts as well as bounces and zero in on...
Will trade this pair by watching current level for a breakout or a bounce. I dont see anything major affecting either the Pound or the Aussie rigth now so it makes it easy to trade of on these levels. Will use the 240 and 60 min chart for entries and exits but this daily chart is my compass for now
Just added a new support level to trade off on. This pair is a favorite lately along with GBPNZD - where I just trade it of these levels a 70 - 100 pips or so at the time. Up or down it doesnt matter as long as one enter trades after seeing good confirmation candles (use 240 and even 60 min to enter and exit trades but use Daily chart as your main compass)
2 options at the 1.45-ish level. Either it will be a normal reversal touch (last kiss) and a bounce of this level and a continuation higher..or if it breaks this support it probably will travel all the way down to the next one. I am tempted to believe in the 2nd option but we will see soon enough. Still have 2 options for a short term profitable trade anyways...
Current price level is really interesting to watch when planning trades into next year. I am still short since Supermario Draghee still have a few options to throw in - which I think he will soon but maybe not on this side of the year. This on top of a Dollar bull rally lasting for some time will please Draghee to just keep jawboning the Euro. However, when just...