peterthinkhuge

peterthinkhuge

NZDCHF trade posted in our telegram channel last night has triggered and is on the way. The 4hr timeframe has now formed a higher high adding to our bias that the daily uptrend will continue. We could look to add into this trade as price moves in our favour on retracements subject to our rules.

04:41

peterthinkhuge

In this video update, we go through different methods to short EURAUD as we expect the current downtrend to continue. EURO is weak and will look to continue that weakness. If the price retraces to the sell zone we will look for bearish price action to short this market.

peterthinkhuge

Our EURGBP position has hit our targets and with GBP strength likely to continue we can look for further shorting positions. If the price can retrace to the head and shoulders neckline we can watch for bearish price action to enter short again.

04:08

peterthinkhuge

The German Dax remains in an uptrend and has recently impulsed higher. Diving into the 4hr timeframe we can look for an opportunity to buy the market in line with the daily timeframe. The 4hr chart is forming higher highs and also has confluence with the 20 and 50 EMA crossing. If price pulls back to the level we can look for a long opportunity into the major resistance.

peterthinkhuge

We remain bullish on Bitcoin if price can re-test the buy zone we will look for long entries back into the highs. If price forms bullish price action here we will likely see the trend continue higher.

peterthinkhuge

EURAUD price action on the daily timeframe suggests we could see a retracement back into the key sell zone where we can look to sell the market in line with the overall trend. If price forms bearish price action in the sell zone look for short positions into the demand zone.

03:52

peterthinkhuge

The UK has a new prime minister in the form of Boris Johnson. He is in favor of Brexit and will likely build a cabinet that will represent that bias. The retail market is taking this a 'short' on the GBP and sentiment indexes suggest we could now see a reversal of that bias. Boris Johnson was likely to become prime minister so will the market have priced that in?

peterthinkhuge

USDCAD weekly price action suggests we could see a short-term reversal in the current trend. We have also seen a fake out of the lows adding confluence to a reversal. The Canadian Dollar has been declining lately and with price, at these levels, we could see a fall against strong currencies. The weekly Fibonacci suggests we could see price retrace back to the...

03:55

peterthinkhuge

In this video update, we take a look at the GBPUSD and the potential for it to move higher this week. Lot's of volatility will be surrounding the GBP as a new prime minister is set to be announced. However, the commitment of trader reports has highlighted that the commercials are continuing to buy at current levels showing a change in trend could be on the horizon.

03:38

peterthinkhuge

In this video update we take a look at the trades that were left open for the week where they are positioned and how we can manage them. CADJPY- Breakeven and likely to be stopped after poor retail sales. NZDJPY- hit targets on 4hr trade, daily still open and in profit. EURGBP- open and in profit. USDSGD- open and offside slightly.

peterthinkhuge

GBP looks likely to move higher as price rejects the key demand zone. The Commitment of Traders reports highlighted the increase in long contracts from the commercials. This shows that they are happy to buy at current level giving us an opportunity to look for a trend reversal. Technically price is still in a downtrend however we could see price form an inverse...

02:45

peterthinkhuge

In this video, we discuss the short trade posted on the telegram channel. We are looking for this market to continue lower as the CoT reports highlighted the commercials are actively buying the pound at the current level. This means we could see some GBP strength in the coming days and weeks. EURGBP rejected the key weekly resistance and formed a bearish...

peterthinkhuge

NZDCAD has rejected a demand zone and broken through a bullish consolidation zone. We need to see the Canadian dollar lose some strength before looking for a bullish trade opportunity. The kiwi is one of the strongest currencies and if we see price form a higher low we could look for a long opportunity.

peterthinkhuge

EURNZD has been forming lower lows and lower highs as price rejected the key monthly highs. Price now looks likely to continue its downtrend into the major demand zone at 1.6400. Look for price to retrace to the sell zone before looking for the downtrend to continue. The 20 and 50EMA crossing over adds confluence to this market moving lower.

03:00

peterthinkhuge

In this video update, we take a look at NZDCHF as price hit targets on this trade this morning. Price has now completed the inverse head and shoulders pattern and could continue up into the weekly lows as kiwi continues to strengthen.

peterthinkhuge

FTSE100 has recently tested a key demand zone and formed bullish price action. We can expect this market to continue higher with targets being the daily highs. The price is also supported by the 20 and 50 EMA pointing upwards with price rejecting the key demand zone and the 20EMA.

02:57

peterthinkhuge

In this video update, we take a look at Silver as expect the market to reach the monthly highs of $16.00. The 4hr timeframe has started the move higher, forming a higher high with the structure highs offering a good level of support for a long opportunity. If the price can retrace we can look for bullish price action in this zone.

peterthinkhuge

The DAX is back into the daily buy zone with the price already taking our Fridays high we could anticipate a move higher. The weekly chart raises slight concerns as the candle close bearish however the daily price action does suggest we could see another impulse. This may only be back into the previous structure highs.