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GBP/USD Closed In ProfitHey Traders, We have closed our GPB/USD trade from yesterday in profit. The reason for the close is that price action has twice rejected the 1.27000 level and we now await a break of this level to resume our buy bias. On another failed break we will consider selling at this level as buyers maybe exhausted and the market will need to drop before buyers re-enter. We of course are led by the market and will inform of when we see a signal to enter again. We captured 82.6 points from this trade which is a great start to the week. We hope you managed to make gains on this pair today as well. Do look out for further trade ideas from us over the course of the week. Trade brave.
by EuroDollarExpert
EURJPY Break-out Performanced (Part II - Continuation)Breaking down the long-term short of EURJPY as described in the " EURJPY going short " idea (see below) as well as the initial break-out performance, we have come to witness a possible continuation in a similar fashion. Note that the long-term trendline forming the top wedge (based at 121.977) is still strong for a new-forming, even-bigger wedge, with the 120.806 price tag being the new base, which is the opening price on BRExit offering first "serious" structure support. The above is also supported by market conditions on Daily charts that show real lack of buying power (seriously overbought) by means of RSI/Stochastic. Conveniently enough :D the above speculation will conclude 1st performance target as described on the " EURJPY Break-out Performance " idea (see below) that was nearly missed at first go. There will be some resistance from EUR, we are in for a bumpy SHORT ride (scalping opportunities?) but, for the time being, I cannot foresee anything that may reverse back to LONG (trend not just a retrace). I would expect a solid retrace (min. 118.000) of that straight bull trend of the past few weeks, over the next few weeks before it shoots back to the stars. Lets wait it out... Since sometimes we all live in our small fantasy bubbles so, all feedback is appreciated.
Short
by Telson
1
EURJPY Break-out PerformanceLooking a few days back, there is a excellent morning star signal that does not quite come through until the news today where the 123.000 level was retested (false break). Looking at the structures performance there is still a bit left to go with open retracement opportunities (scalping short-term buys). Price expected to reach the 120.800-120.750 range where the should be some support for the buyers from older structure (Opening Price on 24/06/2016). Having passed this I do not see any reason not to reach the 120.000 -ish level. Hope you made your pips today.
Short
by Telson
USDCAD LONG Rally Is ON: Here's Where to Add!Hey traders! We're enjoying a great rally on the USDCAD. This is it if you missed it: Here's where it gets a little more exciting. We're looking at consolidation after wave-((3)). A nice triangle formation is telling me we will see continuation after completion of the E leg. So, what does that mean? I want to add more to this position at wave-E! Also, our invalidation levels have moved, so we can now move our stop loss to just below the second invalidation level. This is the level at which the trade will no longer be valid and we will have to recount knowing this is no longer a five wave impulse. I am adding to the position, but not more that would make this level unprofitable. PS: Since waves one and three are roughly equal, I expect an extended fifth wave. Commodity-driven currencies tend to behave this way. It is not a guarantee, just a guideline. I will likely keep same target but will update if I hold longer than the idea describes. Happy trading!
Long
by glennmercer
5
REPORT. Prediction of the S&P and how you can react Q4-Q1 (2017)Gold as save haven? No expiration timeframe, no extension possible. S&P500 correlated to deutsche bank (DB) Highly correlation between them. A price of 12,00 for one stock deutsche bank is to high. take a look at this figure: in bad fincial times we seek really horrible figures... On this moment Europe and the US have more or less the same problems in political and financial way as in 2008 take a look at my last report: we are seeing that gold is a save investing, and the S&P reacts on financials. information derived from Bloomberg, ING TA/FA none of these information influence the market, trading is at you'r own risk.
FX:SPX500Short
by tmp_cox
GBPUSD VOLUME & OPEN INTEREST, FULL(NOT ON CHART LIST IN TEXT)THIS REPORT IS IN TEXT ONLY. CHART DATA CONSISTS OF SESSION LEVELS COUNTED EARLIER, I HAVE PREPARED AN OPTION LEVELS TO SHARE WITH YOU, THAT CAN BE USED TO FILTER OUT LEVELS THAT YOU ARE USING IN YOUR ANALYSIS Volume Call / Open interest Call / Level 8 / 628 / 1.31850 0 / 1257 / 1.32010 1 / 499 / 1.32200 1 / 545 / 1.32410 1 / 1125 / 1.32650 10 / 1106 / 1.32910 0 / 1655 / 1.33190 1 / 924 / 1.33500 425 / 948 / 1.33820 275 / 608 / 1.34170 82 / 2008 / 1.34540 16 / 768 / 1.34930 64 / 1876 / 1.35340 62 / 747 / 1.35760 212 / 1208 / 1.36210 23 / 764 / 1.36660 122 / 499 / 1.37120 120 / 303 / 1.37600 16 / 450 / 1.38080 33 / 901 / 1.38560 191 / 561 / 1.40030 1 / 268 / 1.40530 0 / 308 / 1.41020 0 / 326 / 1.41520 0 / 245 / 1.44010 0 / 277 / 1.45000 0 / 242 / 1.48000 0 / 308 / 1.49000 0 / 335 / 1.49500 0 / 263 / 1.50000 0 / 205 / 1.51000 0 / 225 / 1.52000 0 / 213 / 1.54000
by Marenno