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Pulemokhothu

USDCAD 1.41050 +0.4% LONG IDEA GOOD DAY TRADERS HERE'S AN IDEA ON THE USDCAD PAIR, PREVIOUS WEEK WAS A QUITE ONE FOR THE CANADIAN DOLLAR WITH THE NEWS AND DATA UPDATES.. EVEN THE BOUNCE BACK IN OIL PRICES HEADING INTO THE WEEKEND BRING MUCH VOLATILITY TO CAD. > ON FRIDAY CAD PUSHED HIGHER AGAINST SOME PAIRS PROBABLY DUE TO SOME WEAK ECONOMIC UPDATES FROM CHINA, GERMANY AND THE U.S. PLUS THE U.S - CHINA SAGA > USDCAD HAS BEEN TRADING IN AN ASCENDING CHANNEL ON THE 4H CHART LOOKING FOR THE PAIR TO PUSH HIGHER TO RETEST THE STRUCTURE AND POSSIBLY BREAK TO THE UPSIDE TARGET 1 - 1.41713 TARGET 2 - 1.42302 RISK MANAGEMENT PERIOD - DAY TRADE
Long
by PULEMokhothu
EURUSD 1.08171 +0.12% LONG IDEA GOOD DAY TRADERS HERE'S AN IDEA ON THE EURUSD PAIR, THE DOLLAR HAS BEEN STRONG DESPITE ALL THE BAD U.S. ECONOMIC UPDATES IN THE PREVIOSE WEEK AND SLAMS FROM SEVERAL FEDERAL RESERVE MEMBERS. > THIS COULD BE BECAUSE THE USD IS THE SAFE HEAVEN DURING THIS GLOBAL RISK SENTIMENT I DON'T KNOW. > AND THE FED'S RE-ITERATION OF NO PLANS TO TAKE INTEREST RATES TO NEGATIVE MAY HAVE HELPED THE DOLLAR > EURUSD STILL TRADING IN THE SYMMETRICAL TRIANGLE ON A COUPLE OF TIME-FRAMES , MOST LIKELY SCENARIO IS WE MAY SEE CONTINUATION TO THE UPSIDE TO GO RETEST THE SYMMETRICAL TRIANGLE AND MAYBE SEE A BREAK TO THE UPSIDE. > OR SECOND SCENARIO WE MAY BREAK TO THE DOWN SIDE , RETEST THE STRUCTURE AND CONTINUE TO THE DOWNSIDE I'M LOOKING FOR LONG POSITION ON THE PAIR GOING WITH SCENARIO 1 TARGET 1 - 1.08566 TARGET 2 - 1.09282 RISK MANAGEMENT PERIOD - SWING TRADE
Long
by PULEMokhothu
2
GBPUSD 1.20999 -1.01% SHORT IDEAGOOD DAY TRADERS HERE'S AN IDEA ON THE GBPUSD, IT WAS ANOTHER BAD WEEK FOR THE POUND THIS PAST WEEK PROBABLY DUE TO RISING BREXIT FEARS, BAD ECONOMIC DATA FROM THE UK AND THE PANDEMIC PUTTING PRESSURE ON RISK ASSETS AND ALSO THE BANK OF ENGLAND RAISING THE PROBABILITIES OF MORE STIMULUS MEASURES. > GBPUSD IS TRADING AT 38.2% FIBONACCI LEVEL ON THE 4H CHART > CCI - -241.4 WHICH COULD BE SIGNALING A RETRACENMENT TO THE UPSIDE BEFORE CONTINUATION TO THE DOWNSIDE LOOKING FOR SHORT OPPORTUNITIES ON THE PAIR RISK MANAGEMENT PERIOD - SWING
Short
by PULEMokhothu
USDCHF 0.96877 - 0.42% GOOD DAY TRADERS HERE'S A SHORT IDEA ON THE USDCHF PAIR > ON HIGHER TIMEFRAMES WE HAVE A PENNANT FORMATION ON THE PAIR AND WE ARE STILL RANGING IN THE STRUCTURE AND THE SENTIMENT ON HIGHER TIME FRAMES IS STILL BEARISH SO LOOKING FOR SHORTS ON THE PAIR. > THE PAIR IS TRADING AT 50% FIBONACCI LEVEL AND HAS FAILED TO BREAK THIS SUPPORT LEVEL A COUPLE OF TIMES TARGET 1 - 61.8 % FIB LEVEL TAREGT 2 - 0.96348 SUPPORT LEVEL RISK MANAGEMENT STICK TO YOUR RULES ON ENTRIES PERIOD - SWING TRADE
Short
by PULEMokhothu
2