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Its all in the chart

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Its all in the chart. We just got started on the 3rd leg down. Will take time of course but always good to know whats coming )

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If 2.09154 holds then we have a successful breakout re-test with a clear target at 2.25005. One sometimes gets blind of these intradays moves and I have another trade idea of shorting this one big time posted...well it seems I have to change my mind since this pair has gone from a downtrend to ranging and now heading for a trend reversal. Even if the pound...

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Its soon to time to buy in again on EURNZD. Watch current price action where the pair figths over the 50 MA. This is a demand zone from where the Euro will launch the next leg. My entry is set to 1.50609 The Euro have now completed one leg out of three on the Weekly which means buying here is a great opportunity where the 2nd leg is predicted to land at...

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Stop under 0.5 fib and inner trendline. Entry very shortly on another test lower which is to be rejected. Two clear upside targets. Happy trading

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Some good news or even flattish data will work for this trade since it more based upon the USD weakness than anything else. One migth see the normal volatility spike tomorrow and this trade will take some time to reach target so until then I need to have a wide stop - which I will tighten as the Pouns starts marching again. I will add on to this trade as it heads...

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Channel trade with continuous buys on every pull back in the channel. Also expect a 3rd squezze towards 0.72 hence the wide stop loss untill that threat (RBNZ Jaw boning, possible rate cuts etc etc) is cleared. If and when that happens a new channel will form and I will adjust this trade accordingly but for now I will stay bullish on this pair

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Will go long on this one as it breaks out of the triangle and makes a a successful re-test of the breakout area of the upper/inner trendline. I do not go for only the breakout, It must confirm its course for it to be a safe trade to take. Tp is set at 2.2230 (ish) which lays at Fib 1.618 this trade will enable numerous entries and exits as it plays out within...

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Expect a pullback early in the week. Possibly directly at current price or at least as a triple tap at 1.4350 (ish) Done expect a deep pullback but have placed my stop to cover a possible range play before going for upside target (very likrly imho) 2 TPs above at 1.618 and after yet another pull back - buy in again and go for 2.618

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I will start off the week to see how the Euro manage to figth the 200 MA and if it fails then maybe go for another short down to the 0.236 retracement (it has already hit 0.236 once and it migth range for a few rounds) . A short is only attractive if it looks like this pair will go for a deeper retracement such as 0.382 The 2nd option and main objectiveis to...

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Easier said than done to predict how far the DXY will retrace. It is now close to 0.382 where I would prefer it would stop (for my own trades sake) I hear "expert after expert" call out that it should be stopped here. Not sure what I am missing but if it is heading for its MAs then it migth be far from over... I see a clear risk of at least a fib 0.5 retracement...

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I went short on this on the other day below the 2.618 and with a target down to 0.618 which still is a target. However. The strong up-trend provides a challenge in terms of near term risks when going for a counter-trend trade and my initial SL was too tight (I was too cheap) . I had to re-do my analysis, but luckily DanV sent over a link to his latest analysis and...

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Have made a few corrections on this one since I forgot to plot the ongoing channel. Lowered the TPs as well for now.

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Will go short as the Euro get close to the 200 MA and as it reach the top inner trendline. Have 2 downside targets and roughly a 100 (ish) Stop loss The MAs is my main compass for this as well as many other trades. Not that I let those be my main compass but people do tend to head for them..so it works nicely. Happy trading

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My game plan is for the 189.60 to hold and for the Pound to range back into the box and continue the range play. My 175.10 target may take some time and will not play out in one go. This trade is only plotted on the weekly for it to be traded on the Daily - Step by step - Day by Day. The Stop loss is planned to provide cover for the risk in case the Pound goes...

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What to do when the stock market is overbougth...hang on..lets buy some more!!. Well not me. I expect the bull rally to try to break the all time high at 18.270 and try to start a new leg towards 18.350/60. If the bulls succeed to push it higher then they will go for 18.390/40, 18.425, 18. 470/80 and possibly all the way to trendline resistance at 18.510/20. My...

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Steep is weak and now the Pound has reached its 2.618 target. It is time for a pull back. Only time will tell how deep a pull back will be on a pair like this which has a lot of room still to the upside and like to move rapidly. My target is lining up with 100 and 200 MA as well as fib 0.618. Nice and neat. This pair might fight fa little before deciding who is...

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I have seen a few lively discussions about this pair and had to check what my own analysis says. Here is my 2 cents on the pair for the near future.. Looking at the weekly chart it looks like this pair wants to start to range again (This one loves to range, big and small) it will head towards 1.37213 to complete a pattern there. But it is not that easy since the...