FXCareerSwap

FXCareerSwap

As discussed in yesterdays strategy session looking to play the broader range, when the following days candle retraces before triggering the trade this builds conviction in the position

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As .6750 survives on a closing basis expect a three wave correction to test .6900

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1440/1400 the two key supports from which a move to 1600 can be expected

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As current cycle lows hold expect a move to test prior reaction lows at 1.24 before a final leg of downside to complete the sequence with a test of 1.19 before a more sustained recovery

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#SPX500 2800 target done, while 2950 caps expect 2700 test, over 2960 opens move to retest prior cycle highs

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Expected 2960/40 test achieved overshoot suggest next downside objective is symmetry swing at 2795 as 2960 caps upside

FXCareerSwap

#DXY tracking the price path highlighted last week, below 97.50 opens a move to the pivotal 96.00 decision point, failure here suggest medium term top in the US Dollar as per the analysis from our strategy sessions looking for a summer topping formation in the USD in line with historical Pre Presidential Year cycles

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Buy the rumour sell the fact set up

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While 3030/50 Caps expect 2960/40 test

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We don't try and catch falling knives, however, we pay attention when price reacts at our key confluence levels

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Looking for price to test and hold symmetry swing support at 16.00 while 16.65 remains the current cycle high. Will look to initiate longs with price confirmation targeting a move 17.40 as the next upside objective in the sequence

FXCareerSwap Updated 

Short NZDCAD as per the set up discussed in Tuesdays strategy session

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Dollar potential price paths we are tracking still working on the premise that we likely see a Dollar high in the coming weeks

FXCareerSwap Updated 

As discussed in our strategy session

FXCareerSwap Updated 

Discussed in our strategy session

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These are the two key trendlines we are watching as potential reversal areas for the EURUSD

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USD line in the sand 12385 we look for a marginal new high to act as a bull trap

FXCareerSwap

If you aren't following this chart you are doing it wrong, the proverbial canary in the coal mine #Study #TradingEducation #Forex #Dollar