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Management

BREXIT BREAKOUT - Talk about a big squeeze!So GBP is being strangled by pretty much everyone right now. Litteraly the asset is in a massive chokehold and fighting for the air to breathe. With so much daily fundamental news the emotion of this asset can be likened to Bridgit Jones, or Madonna, or maybe that blondie who named her kid after a fruit....Basically its a hormonal mess of epic proportions. So weirdly enough my analysis is screaming smash the FIB lines up and ride the waves of breakout.... But the trader in me recommends PUT for end of the day from here.... Like I said hormonal mess. Ride it, but take some safety gear. My money and that of my clients is on the PUT train - Hopefully the driver isn't wasted again..... ;)
Short
by STBinary
EURJPY SKACAPITAL Have a bearish Crab formation with bearish candlesticks on the weekly time frame at key resistance. Our first downside target is 137.000. Once this target is met our next target would be 134.850 then 133.400. However, once each target is met PA confirmation is required to hold onto the positions. We have lower highs which represent bearish momentum. For day traders the first target could be 138.150. If you are a swing trader stop losses should be set 140.830 or (Safest 141.350) If you are a day trader stop losses should be set accordingly.
Short
by SERGENAYTUG94
1
CADJPY SKACAPITALCan expect a retracement up to 100.350-100.500 on the opening of the market then a continuation to the downside to targets of 99.900, 99.400 then 98.750. Once each target has been hit PA must be analysed before keeping positions. However, on the opening of the market price can also continue to the downside without an retracement. We must wait for the opening session. (NOTE: If price breaks and closes above 100.500 price can reach 101.000 to give us a triple top.) Once each target has been met, we must confirm price action before keeping positions. Can enter a half sell position on the opening of the market with a stop loss around 100.750 then look to add to the positon once PA is confirmed at the retracement level. If Swing Trading stop losses should be around 100.750 (Safest 101.030) If day trading positions could be adjusted accordingly
Short
by SERGENAYTUG94