watching CADJPY for a further catalyst or a trap. Either way, surfs up on my lower time frame trades.
I was expecting good news from US Home Sales. I am recovering from a long trip overseas and just getting back in the swing of things. Here are two targets that I am monitoring on a smaller time frame.
I expect a bounce is near....hopefully, the CPI will come out well.
Updating another trade I am taking at the moment. Durable Good orders is expected to be bad on Thursday March 24th. I cannot predict that data; however, I like this trade set-up.
took a relaxed long...just wanted to post it...
One More bad day of US data on Monday coming up..... then..I think the rest of the week will have good data...I hope. I will update over the weekend.
Looking to buy.... because it is Friday, I don't expect to get triggered today. All the negative data I predicted today came out already. No predetermined catalyst today for the EUR, but there is at 9:00am for USD where FOMC Member Dudley Speaks, and 10:00am US Prelim UoM Consumer Sentiment data. That ought to shake things up a bit. U.S. March 2016 IBD...
SMALL RISK..BIG REWARD AGAIN...HEHE Maybe this time I will lose...
nOTHING BULLISH ABOUT THIS... I am in with all for legs....short..
Gotta go.. will update later.. nice risk reward..
I simultaneously posted a weekly chart on GBPUSD. Here I went to a 4 hour and 60 minute chart. There are some factors at play here. It looks like the market for GBPUSD will rally again, but this time it could be a trap. Instead, I prefer to wait with Mr. Penguin for a move down that lines up with my fundamental predictions for this week. I don't want to call...
SPX hit resistance. On Friday, there will be a catalyst called US employment claims coming out like they do every week. Next week on Tuesday, Wednesday and Thursday there will be more catalysts. Those catalysts involve US inflation data, retail sales manufacturing data and consumer sentiment. I will update my predictions at the end of the week for this...
Engulfing pattern is clear.... small risk..big reward potential