Mayfair_Ventures

Mayfair_Ventures Updated 

COT data showing a sideways JPY this week, CAD has a little strength. This coincides with our indicators. Next direction change around the 14th of August. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might...

Mayfair_Ventures Updated 

EURO, EURO, EURO - coming into land, we can then expect a euro drop in long positions around the resistance level. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or...

Mayfair_Ventures Updated 

Long coming - a couple of days of US recovery, next change due around the 9th (most likely end of the week, 7th). Not expecting great momentum north bound. But could go to test Gann levels, collect some liquidity and go again. COT data showing more longs than short this week on the Dollar. Disclaimer This idea does not constitute as financial advice. It...

Mayfair_Ventures Updated 

Here's some decent support in this current zone - it goes back way before 1996. Expect a clean break, we are currently going into a slight pullback. Dollar should then drop through this with force towards the end of the week/early next. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has...

Mayfair_Ventures Updated 

This pair has been very lucrative recently. Can see the higher high forming, providing it does not take out the low in this turn down. COT data shows Yen pretty much sideways. GBP has lost momentum & looks like it's due a pullback. Next turn in the cycle will be around the 15th - thus giving GJ time to drop down to the trendline and continuing on to the north....

Mayfair_Ventures Updated 

Short play coming in for EU - DXY has a change due around the 9th of August. So can see pressure easing for a short span. Not much change in the Euro so won't expect a big drop. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex....

Mayfair_Ventures

Next GBP turning point around 15th of August. Giving us some room to breathe on the GBP exhaustion, COT data shows a drop in longs on the GBP and still showing decent long positions in AUD. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and...

Mayfair_Ventures Updated 

Looking at the Volume - the sideways movement and now the next turning point due. GBP could see some bullish movement early next week. It is currently sat on some support from the higher timeframe and below the PoC only slightly. suggesting strong support and a potential for a Bullish breakout. Disclaimer This idea does not constitute as financial...

Mayfair_Ventures Updated 

Sat waiting on this pair - COT data still shows short for both GBP & JPY however last week there was an additional 6k shorts added to the JPY and positive 2k for GBP. So we could witness a consolidation in this region until it makes up it's mind. We are expecting to see a Bullish move, it's just a question of when & how much more sideways movement does it...

Mayfair_Ventures Updated 

Expecting to see a Bull run here - the price has left the lower Octave level. Swing trade Long. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and...

Mayfair_Ventures Updated 

Looking at the next turning point of this pair - it looks like we can expect a short down to the target zone before a pullback and would expect further bearish momentum after that pullback. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and...

Mayfair_Ventures Updated 

It's nearing the Gann level above - There's also an element of the big money now had it's fun. If you look at the COT Data, it's favourable to the JPY. We should see one more push to the upside and a half-decent decent from the Gann level. Looking at a lot of the trade idea's here - I think this push up was almost entirely to collect some tight SL's before it...

Mayfair_Ventures Updated 

After a 500+ pip trade up - the saying goes "what goes up, must come down." Monthly Gann level - Heatmap over cooked. Daily and weekly lining up nice. The UK will be one of the worse Covid hit countries in the world! Let's not even mention Brexit! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our...

Mayfair_Ventures Updated 

Possible breakout - retest and Fib level targets. DXY Looking flat and could fall through its current trend support. The sentiment is showing 64% retail short; suggesting the price could increase. COT Data - DXY 12k Long and 13.1K Short Euro - 48.4K - 79.9K - However, bigger institutional money is favouring 318k Long and 105k short. Suggesting longer-term...

Mayfair_Ventures Updated 

Supporting the EJ idea earlier this week. You can see a Weekly Gann level just above the current price level. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit...

Mayfair_Ventures

A couple of key Gann level touches in the last week or so. We might see a little sell off here, the Currency strength index shows a potential turn on the JPY and coming from oversold on DXY. Overall - this pair is conflicting. So we are waiting for confirmation either way. But for now, the Bias could be more bullish. Disclaimer This idea does not...

Mayfair_Ventures Updated 

Excuse the messy drawings - but what we have on the GBPJPY here is a weekly time frame and a 3rd touch of the Gann line going down. It has touched and rejected. Heiken candles have then come all the way back to the trend line and below the T3. With the extension we have seen, some exhaustion might be starting to set in. In terms of COT Data - we have a 32.6k...

Mayfair_Ventures

Nobody really knows what is going on with the economy, the stock market or anything else if you watch the news! Looking at this purely based on the charts - the index is struggling to the low side & you will see the candles are small with some decent wicks. it needs to break above or below the white trend to confirm. However, it is currently sitting above the...