Get started

Forexsetup

Price on the EUR/USD is likely to break the 1.05 lvlThe EUR/USD is pushing lower because of Friday's USD PCE coming out higher then expected, and the previous reading revised higher. This is supposedly the FED's favorite measure of inflation, which gives the FED additional evidence to increase rate hikes. I do not think that the FED will be inclined to raise rates in the March meeting by 50 basis points. It will likely stick to 25 basis points. I am holding onto my positions (short side) and I am looking to place a stop at the 1.06 lvl. If price does break 1.05 (which is likely), price will be able to test out the 1.0450 lvl. At this point, I am deciding on whether I want to keep holding or not because I have other pairs I am looking at.
Short
by DollarSaenz
1
On The 1.60 level is holding on the GBP/CAD, but for how long?Price on GBP/CAD is pushing a little lower, but is still trading above the 1.60 level. The GBP/USD was able to break lower, below the 1.20 support and was able to hold. It is only a matter of time before the GBP/CAD breaks lower and I still think price is going to be able to do that. It will take about 6 months for this to happen, but in the meantime if price just stagnates, that would be great (I have a trade on this pair).
Short
by DollarSaenz
My current Plan for EUR/USD, GBP/CAD, EUR/HUFThis is my plan for the next few Quarters. My main focus is on the EUR/USD. If price is able to hit the 1.05 level, I will need to decide if I want to place a stop at 1.06 and ride price lower, or exit at 1.05 and move my focus over to the GBP/CAD and EUR/HUF. I might place a tighter stop and see if price is able to maintain the momentum lower on the EUR/USD. The GBP/CAD, I do want to get into a 50k position before price pushes lower. I think this pair is going to take a while to push lower, but it is only a matter of time. If I am able to get into a max position on the GBP/CAD and have a stop at 1.60, my conviction will be strong is holding onto the pair until the 1.50 level. The EUR/HUF, again, I like the positive rollover interest, so if price ranges, I am fine with price doing that. If price does push lower, I may add to my positions, but I am just thinking about it for now. The GBP/CAD has negative rollover, so the EUR/HUF and EUR/USD with there positive rollover is offsetting the negative rollover on the GBP/CAD. If I am correct on the GBP/CAD and EUR/HUF, Silver is becoming extremely enticing to get into next, especially if price pushes below the 20 level. I think Silver will be able to hit the $50 level, but that will likely happen in 2025 because space, robotics, AI, medical, electric vehicles, and so on will require a ton of Silver, which is a better conductor than copper.
by DollarSaenz