asiansupermarket

asiansupermarket Updated 

Looks like we are due for some downward chop; flag breakout has finally met some resistance.

asiansupermarket

price recently retraced and now it is time to resume the trend.

asiansupermarket

recent leg higher was against the trend. A retracement and continuation down is likely. We have 1000 hour momentum on our side and price has been sitting flat at resistance. As always put on a trail 1/2 way to TP.

asiansupermarket Updated 

Decent R/R. Will not hold this trade very long since it is based on short term technicals.

asiansupermarket

As you can see short term momentum is up but we are hitting a strong long term resistance line which should send this pair back down. Since we are against the momentum, I always like to put on a trailing stop near the halfway to TP. This locks in the gains and sets us up for the momentum shift once it runs out of steam.

asiansupermarket

Price action looks like it hit a top so a short off these highs will be playing the pattern. This is against the overall momentum so I do not expect to hold this trade for too long. If it runs higher I will let myself stop out and short from the top of the range (or wait for a breakout).

asiansupermarket

It looks like it is past due for a pullback. Momentum is flat right now so a standard retracement off highs is not unlikely. My usual strategy is to let is get halfway to TP then put on a trail to lock in gain and let it run if it decides to.

asiansupermarket

Looks like FX markets have given up on a rate hike from anybody. That means ride the momentum back up to pre-correction levels. Pick any investment vehicle you want and ride it for the day. Note: I am not a momentum trader unless I see this kind of price action.

asiansupermarket

If the range is valid then the price is due for a retracement at least to somewhere near the midpoint. If not then we get stopped out above the top in which case a breakout is likely. Put on a trail halfway towards price target to keep the gains and to position ourselves for a re-entry at another test of the highs.

asiansupermarket

overbought and is due for the usual retracement. Keep in mind 1000 hr momentum has been flat and is now slightly trending towards NZD strength. This means that the time window for this trade will be tight .The TP will probably not get hit but we can lock in the gains with a trail at half way. Stop out @ a little above new highs to allow some margin of meaningless...

asiansupermarket

standard range bound stuff going on. GBPAUD became oversold these last few hours so should hit a retracement.

asiansupermarket

AUDUSD has been going against the grain recently and has reached a point of heavy resistance. Price is unlikely to push to recent highs and is due for a pullback.

asiansupermarket

Recent fundamental news has pushed the price 2.5% with minimal retracements. The price now hit a zone of resistance and is forming either a top or small pullback. Let the short run and give it a trailing stop to lock in the profit once we are close to the target.

asiansupermarket

I expect a breakout downward after testing that area of resistance again. Similar to a play I did earlier in the week.

asiansupermarket

nzdusd had a pullback today against the trend so a solid bet is for it to retrace the move and then continue downwards.

asiansupermarket

Time to flip it short! This will work if the wave continues; this is basically the same as my USDCAD long, except it looks like the move will be exaggerated by the combined move on USDCNH + USDCAD.

asiansupermarket

Pullback expected after a big move. 2x drop with retracement shown earlier is a general guide for the profit target.

asiansupermarket

my bread and butter!