AEthelsam

AEthelsam

Price has entered into the wicked area of lows that have been a previous area of momentum change. With interest rates expecting to remain the same. I don't see how the price to drive lower. I'll be looking for Buys to surcharge the price to bounce off the wicked area. Positive Swaps via USD holdings means I'll swing this from entry and work on risk off when price...

AEthelsam

Based on a current five point wave of trend that has been consistently bound to the last 8 months, this current downtrend leaves breathing room on the retracement of 50% to now extend longer-term higher towards targets of 168 (+50%) on the fib. I would also look at anymore drops on the fib as further buying opportunities if the 50% doesn't hold. Either setup still...

AEthelsam

Looking for a return back down after large upside. 2:1 Risk

AEthelsam

A slow bleed has been occurring on usdchf, with small but brief terms of upside. The pair now faces 2021 lows as a barrier of support (an area that drove price to 1+). A 5 point Elliot wave has formed onto a bearish to bullish trend formation. I positive hike rate and hawkish response from US should activate this upside potential. A long-term trade that would...

AEthelsam

Market has pushed USDCHF to new yearly lows for 0.90. The pull up shows that its not ready to move to the downside. NFP news will be crucial for buyers to take control with RSI showing oversold and price looking at crossing RSI moving average. Looking at tights stops just below 0.90 and targeting highs in the 0.93 region and then further to 0.95.

AEthelsam

Price has had a huge push upwards from which at lower levels was struggling to gain traction. Price has retraced back from hitting resistance again. I see 2 options playing out, both being a long options. First is on news Friday, and the fact we’re now between 0.5 and 0.68 fib. Price will break through towards new high levels of 0.95. Second is that the price...

AEthelsam

This is pair is currently pure filth! This drop is setting up a nice into liquidity. I see push into previous region of 0.935 and maybe up towards 0.95. Next few days will be interesting to watch.

AEthelsam

BOE news had set Pound on the back burner. I see price accumulating and continue to push further as US data come out (expecting some soft results, but still positioning better than the UK)

AEthelsam

Pound has now reached 0.78 multi-day motion to push higher. To continue momentum, cable will retrace to 0.5 fib at 1.16 before looking to move towards 1.26. I expect negative approach to GBP over December and new year before recovering early 2023

AEthelsam

1.2 has been breached! I retracement to the lows of 1.17 before climbing back up again.

AEthelsam

After FOMC news there has been bullish sentiment with net shorts exceeding in the market. Another day of bullish momentum has continued, touching 0.68 fib before retreating. I'm expecting a deeper pull back in 1.33 region before continuing up towards 1.41.

AEthelsam

Long-term swing trades - targeting 0.68. Will load more trades if price moves to 0.613

AEthelsam

Returns to highs but slower momentum - looking to liquidity for sellers. Targeting 1.345

AEthelsam

This is a sceptical trade, although, the risk is at a R:R I'm willing to enter. Will hold to play out. Will trail the stop if it moves to profit.

AEthelsam

Looking for a short long on medium term basis - May struggle to find traction with the Dollar strength. Looking for price to consolidate and price action engulfing on previous days.

AEthelsam

We're reaching monthly 61.8% fib retracement with a heavy hit to the value of the pound. I see the next 2 weeks GBPUSD settling and finding a support at trade entry level and look to hold a conservative investment with larger stop loss to allow the trade to play out. I'm not typically a long term swing trader but adapting trading style to coincide with working....

AEthelsam

looking at buys into new highs trend at base. nice risk to reward

AEthelsam Updated 

Trend on daily is almost reacted the top and it at the top of 4hour trend. Looking for long-term downwards target of around 142.000 which, is the the bottom of daily trend. I’ve increased the stop-loss due the pair being so bullish that accuracy is difficult for me to execute correctly, something I will be working on with future trades and back testing. I’ll also...