Support and trend in play here, nice tight stop. 10 year bond yield up, stocks up. Some flight from the majors i believe seen a drop today that drove dollar higher, DXY currently has a cup & handle pattern on the one hour. This is a aggressive entry. Good luck.
Going by the COT report None commercial short 54,799 Vs long 35,810. Commercial long stands at 120,800 Vs short at 87,50. Fundamentals are hard to get a read on, Brexit is ahead of us, other than buy the rumor sell the fact. Daily sentiment could be bullish with the lock-down slowly coming to an end. I'm looking at the COT report and the area we're very close to,...
Looking for a floor to be made on the 1 hr around these fibs levels. Aud has been very bullish, ran into the 100 MA and i suspect this is a pullback before trend continuation. If this level fails, then we go to the next one. Check your own fib levels on daily looking for floor.
Simple trend line trade. Keep stops tight as we're unsure of dollars next move.
This pair has been in consolidation on the daily which is the first sign of a reverse coming. In addition, the RSI oscillator has actually started to trend lower after just touching upon the oversold level, which could imply some bearish activity ahead for the pair. The Stochastic Oscillator has also reached into reversal territory with some divergence also...
Thought i'd post a chart to let you all know i'l still alive and kicking around. Currently trading breakouts while waiting on cable to show some form of life. Lots of people talking last week in a bullish manner on cable, where that "power" would come from i'm somewhat at a loss. Britain is still playing the Euro leaving carry on while really they're down the pub...
I'm waiting for the banks speeches before i start trading this year. Cable is seriously looking for a long. For those of you that's not from you UK or understand any of Keynesian's way of thinking, please read on. The UK is just like many other western countries, the fascist politicians forced outsourcing and manufacturing to China, the UK population went into...
Seem we have a trend line holding up on Euro, could be worth a long attempt if we touch again, i'd use a 20 pip stop loss with a small entry. Good luck.
Stay below the green line and bears will remain in control, if we break above it i'd think the bulls would start buying again.
Short coming into play, daily resistance and trend line coming into play. My t/p will be touch of green line again with a possible renter depending upon conditions at the time.
Following with trend, T/P on touch of red center line, possible 60 pips. Good luck.
One of them trades where PA can hit two reversal trend lines, i entered a x1 as market on chart, I'll double up on the hit of the next line, {If it should happen to get there.
If the current hourly candle closes inside we could try a long on this, or if the next hourly pulls back in enter a long with tight stop/loss. Good luck.
Great scalp yesterday, another one is set up, we're in a small wedge right now,so we can trade the breakout also.
Always remember .. Jap's want a weak currency so always look to long on strong pull backs. THIS IS ONLY A SCALP SHORT TRADE. Set stop loss a few pips above previous highs on the 60 chart. or do what i do, double up ; } We broke out of the previous wedge i had shown going long on this pair. This is a new chart with lines of interest to those making a few coins by...
EUR weakness is not just about the Paris attacks. The EUR selling comes with the background of the ECB looking to ease further in December, while market consensus is well advanced in the direction of looking for a Fed 'lift off' rate hike, also in December. Rallies in EUR/USD are thus presenting as sell opportunities. From here for EUR/USD, we will be running...
Sticking with fundamentals on your side we can short this pair, we can see two channels in play showing downward motion. However, a confirmed break above could see a new trend started for the intraday trader. I'm holding shorts and will scalp inside the zones.