EURCAD has tumbled on renewed EURO weakness. We are now at various Technical confluence factors/levels to get long. Sizes are proportional to risk and equity always. Light entry taken on increased downside momentum.
On continued long term USD strength we have seen the NZDUSD persistently fall. Next moves depend on the sentiment case arising, be it a strong (hawkish) case for the NZD or weak (dovish). 1. Technical long zone is apparent now with early exits. 2. Sentiment case fits long term trajectory on falls. Longs light to fit ^
Key Tech areas have been hit and are providing longside impetus. Following this movement, alike other EUR pairs we are looking long on dips. Riding entries until key exit zone labelled (resistance). Sentiment case suits on correlation between EUR and GBP historically.
Hey, GBP Pairs have fallen into London open Friday, Pre US CPE Data. That means one thing - Look for opportunities to re-short and catch any new forming downtrend on improved BOE outlook, surpassing the FED. You can also look for long side intraday trading opportunities. Here's a breakdown.
Hey, Traders struggle all the time with fear and greed. It's mostly because they don't understand the game that is trading; a long term process carried out over lots of move on all timeframes. Getting a hold of yourself isn't as hard as you might think.
Hey Traders, The US News coming on Thursday is slowing market volatility. The AUDUSD offers various technical areas of note and it's important to view these pre news and pre open tomorrow. Lessons inside.
Hey Traders, The longer you leave profit taking, the larger the risk of not realizing profits you are taking. This is something traders struggle with often as they do not understand the long term viability of any market and the study of higher time frame price action. Seeing where orders are going in, and out of markets at any time is key. You do this with...
Hey Traders, Here's a full detailed video on the long term Technical and Fundamental story of USD Forex Pairs. Covering the EURUSD/AUDUSD/NZDUSD and GBPUSD in high detail with predictions and trading plans of mine for 2024 and beyond. To see the picture, you need all parts of the story. Watch and learn.
UK Inflation readings just came in and the UK govt is raving about it. Well needed gratification is in order due to the current dire political situation (we won't talk politics).. Their promise was to halve inflation and their positive sentiment/rhetoric along with US news yesterday is creating bullish atmosphere within the UK main Stock Market, the FTSE 100. I...
Hey Traders, As EURJPY returns to financial crisis levels, its a good idea to plan future entries. Trading rallies can be tricky, if you are irrational. So trade rationally.
Hey Traders, UK employment data comes soon, and US CPI comes later. These key market events are best assessed pre news. Markets, themselves, are also best looked at early for areas to trade and plan for entry/exit, inline with technical and fundamental aspects. Watch for more.
Hey Traders, Technical Analysis is really the art of identifying probability within any market. Seeing where traders have acted previously and using it as a machine to calculate the kind of odds you have. Reactive price areas, not points, are usually places where orders have gone in and out and therefore can be identified as probable/improbable based on their...
Hey Traders, If you are wondering where to short GBP VS AUD / NZD you will need to use scaling in methods. This means using harsh rises to AVG out a good price. Watch for more and ask qs below.
Hey Traders, As Antipodean FX pairs start to move, we can look for new entries and potential exit areas. These particular FX pairs have moved with force after the degrading of the AUD and NZD Today. Price Action implementation here is key.
Hey Traders, Amongst all other indexes, there is a strong case for the CAC40 to be short. Coming straight up into key resistance, our pre determined short zone has allowed price to continue down. We can now look to handle the move on the short case, turning long when and where it becomes applicable to do so.
Hey Traders, Alike to GBPAUD we have seen a recent uptick in price. This brings you to local PA zones that need care. Watch for more.
Hey Traders, Here's a simple example of trading an FX pair with precision at price action areas. It's also helpful to take into account market sentiment and the drag its having. Watch for more.
Hey Traders, The implementation of Technical and Fundamental Analysis is necessary to pick price points and predict future movement. After all, Central Bank decisions dictate the flow of money in an economy. And that flow dictates movement, price points for buying or selling and overall long term bias.