Sell SnP500 right now! Good RRR and Head and Shoulders patternOpen short position on 2717. SL at 2742 and TP 2623. So RRR near 3.8. But a big stop loss is required to use a small order value.
Sellusd
Let try sell USDJPY again 109.91. Last order today on this pairI have SL at last sell order on USDJPY. But price going so slowly up that i still waiting for fast sell movement.
Lets try make sell order from 109.91 to 108.50 TP and SL=110.17 RRR - 5.3.
Write in comments your opinion about this position on USDJPY.
USDCAD SellLimit on 1.3164We have second down imulse. And wait for third impulse.
So open sell positions on USDCAD by SellLimit on 1.3164
Problem - today NFP. So you need to open positions with low risk and waiting for big slippage!
We have 3 TP goals
TP1 - 1.3116
TP2 - 1.3049
TP3 - 1.3004
Long GBP/USDFundamentals:- We are taking a short term Fundamental view on the GBP/USD at the moment. The USD has gone from strength to strength for many months now; every so often it will produce a pull back and some profit taking. The short term data has been a little worse than expected and with the MPC changing its interest rate vote recently we could see a continuation of the GBP strength, at least for the short term.
Technicals:- As you can see from the 1 hour chart we are hovering around an area where there is plenty of support and resistance levels. The recent push up is a sign of buyers coming back into the market, however at an over bought price on the 1 hour chart and current resistance would suggest a slight pull back in its upward path. there is a nice stepping upward pattern on the 1 hour and 30 minute chart as in the pic below
I would expect a poke at the bottom line and a fake breakout as the week draws towards the NFP figures at the end of the week. Overall a retest of the 13330 on short term sentiment is a strong possibility which I intent to profit from
buy limit:- 13177
stop loss:- 13107
take profit:- 13340
Long AUDUSDFundamentals:- The US had its Non Farm Payrole on Friday and although the unemployment rate dropped to 3.9% average hourly earnings had also dropped. The NFP figures showed jobs created at 164K when the market was expecting 190K. So mixed data but in all we are expecting a bit of a pull back from the Dollar strength last week. In Australia the economy has been improving moderately although the RBA are concerned about household consumption and Debt. The retail sales figures on the 8th of May should give us a bigger picture. In the mean time I am expecting a pull back on the sell off based around the disappointing NFP figures for the USA.
Technicals:- The daily chart is displaying a nice morning star pattern and this coincides with an oversold signal on the stochastic indicator. This potential reversal carries through to the 4 hour chart with a pin bar rejection of the 7500 area. The weekly does show the rising trendline being broken but also shows rejection of the 7500 area. For full trade settings for this signal sign up to the 30 day free trial at BOAFX Trading Signal Solutions.
USD/CAD sellFundamentals:- The jobs data for the US was worse than expected and the unemployment rate notched up a little. However the Average hourly earning did manage a slight uptick. Canadian data showed progress in employment but Oil is down on the week.
Technicals:- We have a nice head and shoulders pattern formed on the 4 hour chart and Oil although is lower on the week is banging up against a rising trend line. I will be looking for a pull back to the marked previous support and resistance area for a sell entry going against other analysts expectations next week. keep a fairly tight stop loss
EUR/USD LongFundamental Analysis
We had a rate hike from the FOMC which was pretty well priced into the market and with the recent china tariff plan from Donald Trump we move a step away from a trade war which should bring back some risk appetite into the Euro.
Technical Analysis
The Price made some headway to the upside and recently pulled back to its breakout level, making resistance now support. I am taking this trade at market with a stop below recent swing low and target towards 12600.
I am using the Triple System EA for this trade with all three systems activated.
Long AUD/USD Fundamental Analysis
After the Rate Hike from the FOMC to 1.625 was priced into the market the AUD/USD broke out of its channel to the upside. As I said in the previous trade idea for the AUD the economy is improving after its transaction from the mining sector and I expect it to remain buoyant going through 2018. I will be keeping an eye on wage growth and jobs over the next 6 months but for now I would expect to see a correction to the upside.
Technical
As you can see from the chart the AUD/USD broke through resistance at 7718 and pulled back to the same level after hitting 7780. I am looking for this level to be tested again with a stop below the lower support level.
I will be trading this on Automation with the triplesystemEA with the breakout settings and scalp setting activated
Long AUD/USDFundamental Analysis
RBA kept interest rates the same in the last meeting but have acknowledged that there is improvement in both the Domestic and International economy. The currency is currently trading down against the USD but a positive language from the RBA minutes tonight coud see a bounce back to previous resistance. If the central bank language is fairly flat then further downside could be possible.
Technical Analysis
As you can see from the chart the price is currently consolidating whilst the market awaits the RBA minutes. I would expect this to break to the upside but there is still downside risk. I will be using my Triple system EA to trade this today.
USD/CAD Short positionTrading Opportunity :- Sell USD/CAD
Risk Reward Ratio :- 2.25:1
Fundamental Analysis:-
The Canadian dollar is a commodity linked currency with the commodity being Oil you can see from the recent news why I am interested in this currency pair. With the price of Oil being supported by tensions in Iran it is only natural to see the Canadian dollar strengthen which it did last week. Friday saw good figures for Canadian employment change and unemployment dropped from 5.9% to 5.7%. On the other side of the equation the USD had a fairly weak Non Farm Parole figure and the ISM also showed a slip in expansion which weakened the USD across all the major currencies. Although the Federal reserve are expected to increase their interest rates again in March we have to question whether or not USD tightening is already priced into the market. I expect to see further USD weakness and Canadian dollar strength over the coming months. Keep an eye on the USD CPI figures On Friday afternoon next week as I expect them to also show weaker consumer spending.
Technical Analysis:- A lot of the downside in this currency pair may well have been caused by the Iranian problems so I am taking into account a correction before investors start to sell again. There is a good area of confluence around to 50% Fibonacci pullback 12650 which also coincides with previous support on the consolidation at around the same price so this is going to be my entry for a sell. My stop is going to be above the level of consolidation 12970 with a target at the previous low back in September 2017.
Entry price:- 12650
Stop loss :- 12970
Take Profit:- 12000
USDCHF potential bearish cypher pattern on 4H chartsell @0.99010
strong weekly resistance at 0.99 (red line) providing upside protection.
BUY USD DIPS VS GBP/ NZD: DOVISH FED W. DUDLEY SPEECH HIGHLIGHTSFed Dudley was speaking At A joint New York Fed, Indonesian Central Bank Seminar On Sunday evening when he left a mixed impression for the markets to digest - saying "it is premature to rule out an interest-rate increase this year" but then on the contrary saying "Raising Rates Prematurely Would Be Riskier Than Moving Slightly Too Late" and following up that sentiment with "Investor Expectations For Flatter Path Of U.S. Interest Rates Seems 'Broadly Appropriate'" and pointing out the medium-term risks are seen skewed to the downside - all of which somewhat contradictory expecting a 2016 rate hike.
IMO these comments are more less positive news for the greenback, given the hawkish July Minutes should take precedent (despite the market weirdly selling the september hike being officially put on the table) and after the DXY lost every day last week I think it will struggle to continue this trend into this week as the drop in rate hike expectations/ fed funds rates should flatten out - Likely seeing the bulk of the dovish expectations price last week - september 25bps hike expectations fell from 25% at the beginning of the week to 12% on Friday following the miss GDP report - will likely bottom out around here to 8%min.
That said, given the BOJ's miss we could easily see further pressure on US rates this week as imo the failed big stimulus hopes are likely to fade the risk-on environment of late, and move us back into the safe haven trend that has dominated 2016 - so dont be surprised to see some more risk-off rate expectation USD selling/ bond buying - look out for consecutive moves higher in UST or moves lower in tnx.
In the medium term this still hasnt changed my view of bullish USD and at present IMO this selling wave has opened up the opp for some good USD buying entry points e.g. kiwi above 0.72, stelring at 1.33, and eur at 1.115 - kiwi and sterling the best trades as we move into RBA, BOE and RBNZ within the next 10 days which should realise considerable downside for kiwi and cable (and for those trading aussie too, tho i prefer the kiwi proxy).
Fed Dudley Speech Highlights:
-Fed's Dudley Warns It Is Premature To Rule Out an Interest-Rate Increase This Year
-Dudley Says Fed-Funds Futures Prices Seem 'Too Complacent'
-Dudley Says There Is 'Room For Improvement' in Fed Communications, But They Are Growing More Transparent
-Dudley Says His Baseline Outlook For U.S. Growth, Inflation 'Has Not Changed Much In Recent Months'
-Dudley Expects 2% Annualized U.S. Growth Over Next 18 Months
-Fed's Dudley Says Medium-Term Risks To Economy Are 'Somewhat Skewed To The Down Side'
-Dudley Says Brexit Impact Has Been Short Lived, But Longer Term Potential Fallout 'Hard To Gauge'
-Dudley Says Fed Takes Dollar Appreciation Into Consideration, But Not Targeting Any Set Exchange Value
-Dudley Says Evidence Accumulating The Crisis-Era Headwinds 'Are Likely To Prove More Persistent'
-Fed's Dudley Warns it is Premature to Rule out an Interest-Rate Increase This Year
-Dudley: Investor Expectations For Flatter Path Of U.S. Interest Rates Seems 'Broadly Appropriate'
-Dudley Says Raising Rates Prematurely Would Be Riskier Than Moving Slightly Too Late
Short USD/CAD Fundamentals: - A very similar situation to the Aussie in the fact that the Canadian economy is actually performing quite well and with the recovering Oil price further downside could be expected. The USD has again become a safe haven currency in this situation but with a rate hike now doubtful from the FED we should see a return to the downside on this currency pair. We will have to wait for solid rejection to assume a trade.
Technical’s: The Canadian pair still rejects the weekly ema’s but price action is screaming upward momentum for now based on the daily. If going into next price pulls back between 12900 and 128000 and rejects the downside with reversal patterns we can buy the pair however without a pullback we’ll be watching the 13100 price level acting as resistance to go short.
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USD/CAD SHORTFundamentals:- We are expecting weaker data coming out from USA in terms of CPI, PPI and retail sales this week and on the Canadian side we are expecting to see an increase in inflation. We do need Oil to find support in order for this trade to work and will watch the correlation throughout the trade.
Technicals:- We are experiencing a pull back from the correction of the January high but with each previous pull back the price has rejected the 200 MA we are looking for that rejection again now.
Short on USD/JPY SELL SELL SELL !!! (Risky) Reasons for
- Clearly price is putting in lower lows and lower highs (Clear Downtrend)
- Price broke key level at 120.00 A week back so we maybe heading to next key level ?
- Price has put 3 touch on short term 4 Hour trend line
- Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing so clear sign the sellers are in control at the moment pushing price down
- We are creating a type of right angle triangle with key structure level (Meaning a strong push of the breakout will occur)
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Daily
- Previous daily candle was a bearish hammer
- On the daily we are clearly down trending so we are following the trend (The trend is your friend)
- We are also making lower swings
- Price is trading bellow previous key level before cleared on the daily and weekly (A sign that we are looking to go to lower level if enough momentum)
So all these confluences clearly show more potential to the downside
therefore i will be entering
My ENTRIE WAS 117.216
