After a few days of going up(we traded it from 0.7280 in previous idea) i expect some pullback before continuing going north. We can try to trade it with a target of 0.7380. More conservative play will be using this pullback to go long with a target 0.7450-0.7500 This is how it looks on daily. Keep save and good luck!
We broke uptrend channel and every support levels on the way and reached potential buy zone. Hope we all have understanding that is a risky trade.
I'm expecting headwinds on 0.6750 because of volumes and rejection down from 0.6820(weekly level, MA's, border of channel). So you may go long now or wait for that rejection. Waiting is more conservative trade and best way to do it. We already traded AUD to upside in linked ideas few days ago. It was nice so check it out. And one more thing... Look how they burned...
Weaker $, comments from NBNZ , news on virus and RSI support buy trade with care and good luck!
Hi, Many of you guys already talked about this one today. I'm looking only for sell and not considering any long positions. CAD dived after BOC . It was expected and we successfully traded it(previous idea). Dynamics of oil prices not helping either but i think it's already in a price. We trading in a range of 300 pips and approaching now to top of this channel....
They'll meet on 4-5.02. CAD at the bottom after rate decision and CHF on the roof because of a virus. Let try catch the bounce. we targeting 0.7350. Break of 0.7370 area to upside will open the way to 0.7450 in my opinion.
Last 5-6 trades made a move in oil less painful and I'm considering to add to my longs in oil. News on vaccine, Inventories and RSI are supporting entry. Conservative traders will wait for confirmation. Target 54.80(under uptrend line that becomes resistance, horizontal resistance and just shy of 38.2% Fibo correction. Good luck!
Hi, colleagues SNB told us last that they won't set a range for CHF but we all know that they will intervene....Technically we have support for this trade (oversold badly) Stops or additional buying(depends on markets) in 1.06 Good luck!
Hi, colleagues I think we found the bottom after retesting current levels Stops under august lows around 1.0270 or use it to add buy orders Good luck!
We may see a move higher in anticipation for cut from BOC but euro area is not in much better condition.
Hi. Maybe you'll find it useful. What we see is a price movement in last 5 years. In my opinion(hope you see it too) spread between prices is close to extreme readings so i'm looking to sell it. You can convert barrel to BTU and compare prices, but let's keep it simple for now. Strategy is also simple. Sell WTI and buy Gas. Considering my longs on WTI it seems...
38.2% - done. Target 50% - 1530.00. I don't expect market to fall significantly and don't rush to sell USD(DXY graph attached) that is the main reason to sell XAU
If you believe in "Phase one" and looking to buy NZD in my opinion you should consider to buy it against CHF. TP1 0.6530 area, target 0.6650. Start watching closely with the move below Sep 2018 lows around 0.6300. I'm trying to sell CHF for a while(linked ideas). Share you thoughts in comments below
in last 20 years we had 2 "signals" and you all know how it ended. Is 50% drop on the way? Share your thoughts in a comments.