USDCAD short at market price (bid 1.2944) Take profit: 1.2510 Protective stop: 1.3092 Risk Ratio (RR): 1: 2.95 (approx.) Estimated duration: 30 days Relevant as long as USDCAD is above 1.2870. Note: This is a weekly entry, the potential drawdown is a re-test of 1.3000.
USD/CAD Buy Order = 1.2930 Stop = 1.2870 Take Profit #1 = 1.2955 Take Profit #2 = 1.2965 Take Profit #3 = 1.2990
EURNZD short at market price (bid 1.7631) Take profit: 1.7350 Protective stop: 1.7768 Risk Ratio (RR): 1: 2.2 (approx.) Estimated duration: 21 days Relevant as long as EURNZD is above 1.7580 Note: The potential drawdown is a re-test of 1.7680. We are still uncertain if this is an early entry, we are willing to absorb the potential drawdown should it...
EURJPY short at market price (bid 132.10) Take profit: 130.20 Protective stop: 132.98 Risk Ratio (RR): 1: 2.2 (approx.) Estimated duration: 7 days Relevant as long as EURJPY is above 131.75 Note: This is a 4hr entry based off the daily chart. The potential drawdown is a re-test 132.55.
AUDCHF long at market price (ask 0.6976) Take profit: 0.7200 Protective stop: 0.6890 Risk Ratio (RR): 1: 2.5 (approx.) Estimated duration: 10 days Relevant as long as AUDCHF is below 0.6995 Note: The potential drawdown is a re-test of 0.6905. AUDCHF will increase our exposure to CHF. Another update will be issued.
GBPCHF long at market price (ask 1.2553) Take profit: 1.2890 Protective stop: 1.2377 Risk Ratio (RR): 1: 2.3 (approx.) Estimated duration: 16 days Relevant as long as GBPCHF is below 1.2605 Note: Some risk are taken with the entry as discussed in the weekly update The potential drawdown is a re-test of 1.2398. We remind that this is a weekly entry, some...
GBPNZD requires a protective stop of around 500 pips. What we are attempting is a much tighter stop while relying the weekly support will not be tested. In such a scenario we expect GBPNZD to post moderate gains. This is a very high risk we are taking as we are laying a much tighter stop. The odds of the market triggering the stop is high but the potential profit...
USDJPY - Long Open Price: 112.58, Take Profit: 112.76, Stop Loss: 112.4
GBP weakness in today's session should have taken place yesterday. The retail sales along with a weak USD triggered an exaggerated reaction. We are not holding any trades at the time of this writing but we would like to update that Theresa May is expected to make a statement on brext around 12:45 GMT. The entries we noted in EURNZD as well as GBPNZD kicked into...
NZD posted firm gains in today's session following the GDP, GBP also posted moderate gains in today's session following the retail sales. The concerns for a trade tension between the US and China eased, which weakened USD and JPY. We are noting that every escalation between the US and China was eventually cooled down. We suspect the US administration is closely...
This thing has been poked and prodded more than an Eskimos fireplace I just can't see us holding if it comes back again. I get it, there are other factors at play and you should always long S and short R But I can't help but feel this thing about to break
AUDCHF long at market price (ask 0.6927) Take profit: 0.7200 Protective stop: 0.6800 Risk Ratio (RR): 1: 2.1 (approx.) Estimated duration: 21 days Relevant as long as AUDCHF is below 0.6965 Note: We had to choose between AUDCHF and EURCHF, we did not wish to opt for EURCHF. To recap, this is an early entry as the price did not reach the support at the time of...
AUD/USD - Short - Open Price: 0.715 Take Profit: 0.7115 Stop Loss: 0.7185
USDJPY - Long - Open Price: 112.08, Take Profit: 112.28, Stop Loss: 111.88
USDCAD 0.07% long at market price (ask 1.3068) Take profit: 1.3360 Protective stop: 1.2930 Risk Ratio (RR): 1: 2.0 (approx.) Estimated duration: 14 days Relevant as long as USDCAD 0.07% is below 1.3100 Note: The potential drawdown is a re-test of 1.2965. There are 2 support levels within a near proximity in USDCAD 0.07% , the first support level has...