fxlivedaytrading

fxlivedaytrading

I think will the rejection once again at key resistance this one will fail soon. The hung parliament is a good excuse for the big players to get out of their positions. I look for a move lower and test of 8355-8400 area in the next few weeks.

fxlivedaytrading

We took a short on USDJPY before NFP on friday in our trading room, however I think the NFP move is not a good indicator of the bigger picture. This is a swing trade.

fxlivedaytrading

A simple idea of a rebound in USDMXN. We are at a major key level. I expect a rebound to 18.80 at least www.mql5.com

fxlivedaytrading

It looks like OIL may rebound today we just hit a major support level at 47.04 on crude. www.mql5.com

fxlivedaytrading

I am not interested in holding this short other than a fast scalp. This pair is bullish and we may have a fade the spike on Monday of next week, however its dangerous to go short here. I am staying on sidelines but will try a short at 1.1300. The scalp area is not only a weekly area, its also a monthly area that should hold short term. www.fxlivedaytrading.com

fxlivedaytrading

This chart is a bit tricky. www.mql5.com It appears bearish long term, however with stocks making new highs many maybe a bit scared to go short this pair. I understand fully on this fear. What scares me is the huge amount of retail longs in this pair. Its about 73%, I do not remember the last time a pair rallied when the retail traders where one sided to this...

fxlivedaytrading

I have placed a long on this trade. We have held these levels and the trendline is clear that we may move higher. I would expect OIL to move lower and help push this pair higher. If we see any stock market selling this should only help this pair move higher. I see the risk reward on this trade as good.

fxlivedaytrading

Its appears the NZDUSD has broken the trendline channel. We have been tracking this pair most of the week waiting for this to break. We retested the trendline and went short. It is choppy today as we await for NFP so I suggest extra caution.