MDSADI

MDSADI Updated 

Unless it keeps on crashing, it looks like a textbook long to 1.19. It's important to see if bank of England would intervene too prevent its currency from plunging

MDSADI

This is a good place to build on long for TP of at-least $1600, on the downside $1548 is good spot and $1525 is the monthly support. I would rather add shorts above $1580+ if i can see price getting rejected by 10 ema and forming a lower high structure on 4 hr, but for now i am anticipating FOMC next week to bring more fireworks on this pair. I have been short ,...

MDSADI Updated 

I am going short on EURO/USD from 1.133 and adding more short on spikes anticipating that 9 ema and 26 ema would suppress the price on a closing basis. As we see all central banks are coming up easing measures, ECB should be no different, depending on what kind of monetary policy tools they use the impact would be seen accordingly. My minimum take profit goal...

MDSADI Updated 

Adding to existing sell if the crossover takes place on a closing basis . Entry 1662-1665

MDSADI

We would know by daily closing, if we have a daily double top established here. If that's the case then a drop to the channel is likely, i am aiming for $1625 at least

MDSADI Updated 

Even though i don't really emphasize technical buildups while trading oil, but from the fundamental outlook it doesn't look like we have found a bottom yet. Let's see what opec meeting bring's us, as of now i am looking to cut my longs at 49.49 and monitor price action to switch to shorts

MDSADI Updated 

With the rate cut, us dollar surely lost its appeal for carry trading. Now, we can try to jump in as long as we get a good price. We broke up , now lets wait for a flag or retest of the descending channel to see if the breakout is sustainable

MDSADI

I am long right now since Friday, but looking to get out on failure of 4 hr candle to close above 10 ema or price getting rejected in the $1625-30 zone. The way the monthly candle formed, its likely that i would see a range bound price action with possible healthy pullback. A new high is unlikely without a rate cut from FED. As a result, i have mapped a...

MDSADI Updated 

It's obvious no one wants to buy, i am buying since i am trying to do position building here. Lets check after a week

MDSADI

Longing here from 17.000 psychological level, I know its like catching falling knife, but the demand zone can't be ignored by the naked eye

MDSADI

Its highly probable that we would see some pullback here , so take this short with tight stop. I just got off from my long, refer to related ideas, i think we would have a weekly double bottom before heading to the weekly descending channel again. I am taking this as intraday trade

MDSADI

We can see a descending channel in play, which can break up anytime and hence use of stop at $1656 is important. We are forming lower highs , i see this pattern to continue max up to $1612. This is possibly going down as between DXY and GOLD being option for safe haven, dollar can still win as long as rate cuts are not called for Regardless i still thing GOLD is...

MDSADI Updated 

We got the pullback we are looking for, now it could be range bound for few days . Right now, we are forming a series of lower highs on 1 hr time frame, the fact that we have a cross over between conversion and base line in favor of bears. We can try sell when we see price fail to go above $1666 ( current 26 ema level ). The target is sub $1640. The idea would...

MDSADI

We are near the psychological level 2.0000, its natural for most traders to try to attempt a sell at previous swing high 1.97xxx but its better to wait , we would see how the monthly candle closes in 3 days. It should tell us, if its a reversal point or more upside is their.

MDSADI Updated 

It's over-stretched, little bit of sideways and then eventually drop offering a better price to assess longs

MDSADI

Look on the left of the chart, We are in supply zone, we need to wait for a catalyst to see price going down sharply. However daily candle close above 112.400 would invalidate the idea

MDSADI Updated 

This is a absurd risk on rally that took majority of the retail traders off guard, the all time stock market high today sparked this. However it doesn't make sense to keep on shorting a parabolic move and rallying market. So, i intend to view this from a technical standpoint and wait to trade possible pullback area at 112.00. why i am not going long ? It...

MDSADI

Price is moving in an ascending manner within the channel, we have PMI datas for GBP today, a great opportunity for POUND bulls to attack 1.97 levels given aud is trading all time low. Friday's are always unpredictable, i might just stay sidelined , if price doesn't reach the desired levels and show weakness. I am more interested to see price action the next week...