SL: 0.77019 TP: 0.76395 Risk / Reward = 3.36
TP: 1.89249 Sl: 1.88167 Risk/Ratio 2.
SL: 6707.75 TP: 6535.75 Risk/Award Ratio: 3.71
Waiting the the level of 1.10, since asset managers increase short positions for EURUSD futures.
Time to long GBPUSD, since we did not finish the last wave of the last upward impulse. Moreover, the CME Group's Commitment of traders report report shows that asset managers (the largest holders) increase their long positions. TP at 3rd wave's peak.
The daily graph shows a sharp upward trend with major level of support at the 200MA. But I never trade with this timeframe, so let me look at the 4hr chart. The local trend still has a rising tendency, however, there is something like a flag. While was trying to find a solution why we are not going up, I came across to interesting change in the position of asset...
As you can see, the U.S. market was steadily growing the last 5 days. This exact moment will, of course, motivate investors to move back their money into the U.S. assets, what increases the demand for dollar. Moreover, yesterday’s FOMC report shows: the rate hike is coming soon, the Fed’s balance sheet to be eased (it has the same effect as rate hike does). OPEC:...
Those, who did not previously open a long deal for USDJPY pair, you can do it now, since the last red bar represents a good setup for the next movement up.
I do really like trading this pair, since it always makes backward movement after any serious and sharp impulses. Thus, I opened another long deal, waiting for the next 800-1000 pips up, then will definitely fix profit.
There will definitely be a correction, however, this trade is totally upward.
The impulse is loosing it's power and makes the last consolidation level. EURUSD will fall until 1.09600 - the level, where the recent Trump scandal escalated.
In the 4hr EURUSD graph we clearly see, that the trend transformed from normal condition (green area) into chaotic movement (above the upper green line). Now, EURUSD should have a correction with the next move till the gap, which acts like a serious level of support. Near the level of 1.09600 there will be a consolidation, which, after some backward movement, will...
This week is full of news among which another Trump scandal was actively discussed by liberal media. We were again told about impeachment, what motivated investors to avoid all the potential risks by moving to less risky assets, such as gold, bonds and EUR-/JPY-denominated financial instruments. This move forced the dollar index to decrease. However, the Friday...
Do not trade XAUUSD right now, wait till it comes back to 1244. The general tendency is downward. The last impulse is the outcome of the recent Trump scandal, and investors just try to avoid any kind of risks. Why exactly 1244? It is simple - the impulse begins there.
The trend is positive, which has a correction right now. It is perfect moment for long setup. Hold the deal untill the graph comes back to it's previous maximum 114. The reason for such move of the pair is Trump's new scandal with shared secret information. Globally, markets react negatively, but in the very near future everything will go back, as usual.
The general trend in 1hr timeframe is negative, so should try to find the setup for short. Since it couldn't break the upper side of the local trend, I think that's great moment to get about 700pips with short. Moreover, I will hold this deal for the next 4-5 weeks.