Anytime the EUR/USD drops below 1.1359 then a free trade long, free money, free pips exists as the EUR must trade back to minimum 1.1359. You are trading your long trades against a minimum 1.1600's target and break of 1.1600's then should see easily 1..1700's and 1.1800's but can't push past 1.2100's. Where I see traders greatest problem is a chart and whatever is...
GBP/CAD Break Point 1.7118. Weekly Trade for GBP/CAD. TTT Strategy: Short 1.7404 to target 1.7212. Must cross 1.7308 then 1.7260. Team_Twomey_Trading
GBP/USD Break point 1.2908, above targets 1.3454, 1.3574 and longer term 1.3700's. Below 1.2908 targets 1.2823. Strategy. Short break 1.3171 and 1.3163 to target 1.2993. Must cross 1.3078. Team_Twomey_Trading
USD/CAD Break Point 1.3262, below targets 1.2938 and longer term 1.2700's. TTT Strategy: Any price above 1.3262 is fair game for shorts. Deep caution this week at 1.3075 and 1.3054. Long 1.3141 and 1.3101 to target 1.3221. Short 1.3341 and 1.3381 to target 1.3281. Upon 1.3262 break from 1.3300's then target 1.3181. Team_Twomey_Trading
GBP/CHF Break Point 1.2802. Above targets longer term 1.3215 and 1.3296. TTT Strategy: Short 1.3105 to target 1.2903. Must cross 1.3054 and 1.3004. Team_Twomey_Trading
EUR/USD Break Point 1.1430. Above targets 1.1490, 1.1551 and longer term 1.1670. Deep caution this week as higher to 1.1551 must break 1.1418 and 1.1471. TTT Strategy: Any price below 1.1358 is fair game for longs. Long 1.1338 and 1.1307 to target 1.1403. Upon break 1.1430 targets 1.1471 and 1.1490. Team_Twomey_Trading
WTI oil now ranges from below 53.62 and 52.54 Vs 58.20, all are monthly averages and solid strong.
Favored trades this week: EUR/USD, USD/CAD, GBP/USD, GBP/JPY, GBP/CAD and EUR/CAD. Specific break points are associated to EUR/NZD and EUR/CHF. EUR/AUD and GBP/CHF no giant thrills. 2 way trades offered again, this week USD/CAD, EUR/CAD, EUR/AUD and GBPJPY. USD/CAD Break point 1.3259, below targets 1.3122, 1.3078 and longer term 1.2758. Deep caution this week at...
FX Realignment 2019 Posted on January 6, 2019 What was termed the “Flash Crash ” last week in actuality was a rarely seen, rarely known event that occurs every 10 years in FX markets known as Realignment. Realignment pertains specifically to FX cross pairs and involves an allegiance switch to and from underlying USD and Non USD anchor currency pairs. Interest in...