Pedal to the metal It looks like the new Governor to the Turkish Central Bank has put his foot on the gas to stop the Turkish Lira from falling. Let's hope he doesn't run out of gas any time soon. I hope so, but looking at the technical picture all he has done this morning is push the rate of the EURTRY back to previous support and back to the mean of the up...
In this weekly forecast I will be taking a look at the following markets: DXY EURUSD GBPUSD USDJPY USDCHF USDCAD AUDUSD NZDUSD XAUUSD XAGUSD BTCUSD ETHUSD Also, I will be reviewing some of the trades that I have on these pairs.
If the price breaks below 0.89757 go short to the next support level at around 0.83728.
A nice pinbar formed at the bottom of the range. Could be a classic trade :-)
Hi there, Here is a quick update on my trading ideas on the forex markets. Good luck trading! Dave
Bounce of long term trendline
Got stopped out at previous trade, but the trade still seems valid. This time stop a bit higher above the previous day high.
Playing bounces of the 20 EMA. Stop out when price goes beyond last fib retrace level.
Date Pair Direction Trade Trend Level Signal Entry 2019-01-14 GBPUSD Long With trend Up Demand zone
Date Pair Direction Trade Trend Level Signal Entry 2019-01-12 EURUSD Long With trend Up Demand zone and trendline Pinbar break
Date Pair Direction Trade Trend Level Signal Entry 2019-01-12 AUDUSD Long With trend Up Demand zone Engulfing break
Date Pair Direction Trade Trend Level Signal Entry 2019-01-15 USDJPY Short Counter Trend Up Supply zone Pinbar break
Date Pair Direction Trade Trend Level Signal Entry 2019-01-05 USDCAD Long Reversal Down Trend line bottom of channel Pinbar break
Date Pair Direction Trade Trend Level Signal Entry 2019-01-12 USDJPY Short Counter Trend Up Supply zone Pinbar break
Date Pair Direction Trade Trend Level Signal Entry 2019-01-05 EURUSD Long Reversal Up Trend line top of channel / Demand zone Pinbar break