Newmount_Trading_Exchange

Newmount_Trading_Exchange

We are expecting the market to continue to drop to the 38 Fib Zone, which is on a Ascending trend line, and also 4hr Support level. We a looking to buy at 0.79964, we have set our TP around 600 Pips up on the weekly resistance level, but will be actively managing the trade and moving SL once we are around 40 Pips in profit.

Newmount_Trading_Exchange Updated 

We are looking to short GBPJPY on the close below the 4hr support zone. This is a critical area of support, the market rejected the 50 Fib Level, and retraced. If the fall continues and closed below 142.207 we will enter, expecting a run down to weekly support of 139.500

Newmount_Trading_Exchange Updated 

We expecting to be selling on the daily level of resistance however the market opened and Gapped. We had to react and change are sell order to the monthly level of 109.875 Looking for a run down to daily support of 107.193

Newmount_Trading_Exchange

We are looking to short USDJPY on the 4hr resistance level of 108.944 and expecting a run down to our TP level of 107.145 (around 180 Pips) The market opened bullish on the back of North Korea not testing any more missiles over the weekend, all safe haven currencies have lost value sort term, however we expect the market to continue dropping.

Newmount_Trading_Exchange Updated 

Expecting a rally to 110.616 before tanking to 107.203. Strong level of daily resistance and also a 38 Fib Level before shorting.

Newmount_Trading_Exchange

We are expecting the market to break the weekly trend line, to hit the support area of 1.22584 before bouncing back and touching the back of the trendline before tanking over 500 Pips to the next Weekly Support level. We are waiting for the break of trendline before we place our sell order at 1.23606 Will be actively managing and moving SL accordingly

Newmount_Trading_Exchange Updated 

Our order was triggered overnight on the retest of 4hr support zone, market continued to drop and we were only 20 Pips from our SL. During the London and US session the market has rallied us back into profit. Expecting a run up to 142.190 before finding resistance and tanking to form a new low. We will be looking to short it back down at that level.

Newmount_Trading_Exchange Updated 

We have shorted this market a number of times over the last few weeks, always actively managed and closed for profit. Again we are looking for a close below the 4hr support before we short. We expect the market to finally tank down to the previous daily support areas of 107.158 this week before bouncing slightly.

Newmount_Trading_Exchange Updated 

Our overall sentiment is still long term bullish, however our sell order was triggered on the Weekly Resistance level of 130.755. We expect a pull back of around 100 Pips to around 129.681 (4hr previous support level) Will be actively managing as market could stop and bounce sooner.

Newmount_Trading_Exchange

Last week we marked out our preferred entry point for this market above the daily trendline. On Friday the market rallied and closed back above the Trendline triggering our Long position. That closed the weekly candle as a massive dragonfly doji from between the 0.50 - 0.61 Fib zone, coupled with finding support from the trendline this looks like a really good...

Newmount_Trading_Exchange Updated 

We missed the entry for this long last week so we are hoping for the market to open bearish and run down to re test the ascending trendline. If this happens we are looking for Bullish candle formations within our marked yellow zone, which is on the trendline, on support level and in a decent Fib area. If we can find an entry for this Long position we expect the...

Newmount_Trading_Exchange Updated 

We are looking to enter long if EUR can break strong daily resistance level of 0.91476. Market has tried to break this level on a number of occasions but failed. However with a quiet week of Fundamentals for this pair price action should play out. If we can see a bullish candle formation break clear we expect a run up to Monthly Resistance of 0.95269.

Newmount_Trading_Exchange Updated 

Looking for a break of MA and bullish candle formations to enter long. Looking for a run up to Daily Resistance level of 134.008. Bounced from 4hr support which was in between the 0.38 and 0.5 daily Fibonacci level so break of MA will confirm a new uptrend has began.

Newmount_Trading_Exchange Updated 

We are looking for further downside of GBPUSD after a break of the daily trend line. We are expecting a break of Trend Line, Retest then for the market to tank to the monthly support level.

Newmount_Trading_Exchange Updated 

GBPJPY is looking like another sell this week. Waiting for a break of the 4hr support area before entering. Once this is broke we expect a run down to 136.741, may experience some support around the 139 zone, so will be actively managing.

Newmount_Trading_Exchange Updated 

We placed this order on Sunday night expecting the market to rally on open, hit our entry and then drop. However marker fell, recovered and rallied back up to the monthly resistance level which triggered our sell order. Expecting a nice run down to daily support level of 107.145 ( 253 Pips ) Could experience some support around 108.958 and 108.328 so will be...

Newmount_Trading_Exchange Updated 

Re Sold USDCAD, we entered this market short a few days ago and have added to our position. Trade is running as expected and we have decided to re sell on the re test of some Resistance, looking to achieve a drop back down to weekly support.

Newmount_Trading_Exchange Updated 

Our overall sentiment is Short USDJPY, we expect this to run down to around the 102 level by the end of the year, however we are looking at optimum entry points to achieve this. We are looking to go Long USDJPY if it can break the previous monthly Resistance level of 109.976, and expect a run up to the daily Resistance level of 111.995. If the market opens...