Direction: Long
Fundamentals: The RBNZ is expected to come out with a dovish hold at their meeting this week. I would like to use that opportunity to scale in on my current long position.
Entry: After the RBNZ meeting if it comes out as a dovish hold or at 1.09390 with a 30 pip stop
Take Profit: 1.12
CADJPY
Direction: Long
Fundamentals: Rising oil prices, BOJ kept rates on hold for foreseeable future
Risk: Fall in oil, Trade tensions leading to JPY safe haven demand
Entry: Break of Reg. Trend on a pullback of the break OR enter a half position here with a 30 pip stop below the 61.8 fib retracement.
Take Profit: 86.965
we want to get in on the wave 3 of 3 of 3 on h4. looking for an ABC up to the 50 fib of wherever wave 1 of 3 of 3 ends here
for shorter term trades on h1 I'm looking for one more leg down and potential divergence. for a wave A trade I will draw a reg trend line from 4 -5 and a break pullback will get me into a wave A. targeting a 100 fib retracement. wave b will...
Consolidations make me super excited. Looking for a long stop hunt on the H1 timeframe to get in long around the 61.8 fib with a 30 pip stop with my initial target at 85.293
Wave 5 trade. H1 chart. Missed initial entry here at the 38.2 fib. Waiting for it to retrace. If it does I'll have a pending sell limit at 1.30891.
STOP: 1.31345
TAKE PROFIT 1.29247
The BoE meeting is the one to really watch this upcoming week on August 2nd. The rate hike expectations have fallen to 77.5% from 84.7%,
There may be some MPC members raising concerns on the recent negative CPI print and the risk of Brexit after the EU rejected May's Chequers Brexit plan. However, there are those that believe that these concerns are not enough to...
Pretty much expect a stop hunt here given the recent and the markets tendency to fill the voids to get in short again. I expect a retracement to the 50 fib a fall then breaking that high to at the very least the 61.8 fib before another significant fall breaking the low and then another push up.
Price consolidating here after this drop has me looking for a stop hunt move. I expect a move up to the 50 fib to fall and break those highs and hit the 78.6 fib to fall again.
Potential long on AUDUSD.
With a load of US data coming out this week and FOMC I'm hesitant to really hold onto any USD trades.
However, expectations are that the FOMC will keep hold on rates and expectations for 2 rate hikes this year has fallen as well.
With the AUD being slightly bullish from a central bank perspective, I believe trading into the FOMC...
Back in trendline range. Looking at this technically. Taking half position size on this trade. The pound has been hit with a miss on CPI at 2.4% vs and expected 2.6%. The BoE also has a slightly bearish fundamental outlook to it. With monetary policy being slightly bullish, Brexit risks + the recent miss on key data points has the pound as a bearish currency for...
Pretty much same as the reasoning above. Also, with Trump ready to put tariffs on all Chinese goods it should trigger some JPY demand. However, as we've seen the market's been just fading pretty much any comments on the trade war made by Trump. Will this be another case of fading the trade? We'll see.
But I'm convinced on USD weakness short term until some other...
Trade based pretty much on USD weakness. Recent minutes from the RBNZ state that next move will be as likely a hike as well as a cut. Watching their inflation numbers closely for more clues. Next meeting is on August 9th
I want to get in long on a pullback at 0.6779 with a stop at 0.6768 and a target at 0.6842. I want to add another long position here at 0.6842...
