UnknownUnicorn4570907
The Loonie is lagging behind, it is time to join the US Dollar sell-off. Not to mention Saudi ARAMCO pending IPO and planned oil production cuts in OPEC countries. Trade duration 5-6 days. Set SL to break-even if 25pips profit is hit.
Waiting for retracement around 1.1050 and watching closely the price action at his level. If trade is triggered, let it run for 70-90 pips profit.
Expecting rebound, trade duration 3-4 days, tight SL, good R/R ratio. Watch closely the price action at 1.1000 level, if level is penetrated with strong force and then pulls back up, this indicates stop-hunt by banks and market-makers.
The same reasons behind this trade as selling the Aussie until the end of the month.
The US Dollar is gaining strength across the board and the Aussie and Kiwi are lagging behind. It is time to short the both pairs, but my preference is to AUDUSD, because it is weakest. Trade duration 3-4 days or if target is reached with aggressive price action move - until end of November with potential of 100-120 pips. Tight stop-loss and good R/R ratio.
The Canadian dollar is expecting to loose ground against the US dollar after oil prices drop with more than 2% this week. Trade duration 5-7 days.
Long entry, purely technical - expecting bounce of the support trend line
NZDJPY is in corrective wave. Bears now show however exhaustion. This setup offers almost 3:1 RR, trade duration 7-12 trading days.
Weakening of the main cryptocurrency is dictated by cooled down public hype. Trade duration up to 10 days.
When everybody everywhere talks about selling the equities, It means it is time for squeeze the short positions.
The company is still unable to make money , with Long Term Debt/Equity ratio of 2.13 and Net Profit Margin of -4.30% I do not expect this to change any time soon. Even stronger quarter cannot compensate for more executive and staff departures, that are apparently picking up speed again, with reports saying the electric-car maker has lost its head of Europe...
Waiting for correction to the upside, and then enter short. Trade duration 3-9 days.
Market sentiment is still bearish and save-heavens currencies like the Yen and Swiss Franc will benefit. Trade duration 7-10 days.
The spread in bonds yields between Japan and New Zealand has narrowed, likelihood of correction is high. Going LONG with tight stop-loss and good R/R ratio. Overnight swap is positive, so we can keep position for long time and still will be making money even with miscalculated direction.
Given current risk-averse market conditions I expect Swiss Frank to strenghten short-term. Stop loss positioned right above 20 MA, trade duration up to 15 days.
Expecting the British Pound to gain momentum to the upside, after economic data releases this week.
Timeframe 10-12 days. Looking for correction, competitive edge is the positive swap on this pair.