This mind-map is based on the assumption that we are in corrective wave 2. Breaking it down further, I think that we are currently in final 5th wave of the C wave.Translating this, we can go to minimum 1.08+ before moving down. I am currently long fro m 1.071 (current market price is 1.0715) with stop at 1.0678 and targets 1.080-10850 & 1.09-1.0940. If we reach...
Well even thinking about a GBPUSD long may make some people shiver and I wont blame them. We never know what the bottom will be. I made a bet few days ago by buying 1.2820. The trade was 130 pips in the money and the chart development told me that we should not break below 1.2840 if this is to be the low but I didn't moved my stop and got a full stop out on that...
Long EURUSD at 1.0997, stop 1.0940, targets: 1.1060 , 1.11
I am a USDCAD bull but here I would like to short USDCAD at 1.33 with 50 tick stop. Targets are 1.32 and 1.31. Will post the details later as I am constrained on time but I think we will test the range below again as S&P and Oil get some push higher
I will share the technical rationale for this trade idea in detail later. Currently my fundamental perspective is as below: Fed kept rates constant yesterday with room open for one hike this year. nothing new or surprising here. S&P witnessed some correction leading to this decision. I expect S&P to selloff soon for a bigger correction. My trade idea is to sell...
The arrows represent my short term trading mindmap for USDCAD for next few sessions/days.
Well its a matter of time before the USD catches bid again. Will be buying it on test of TL support
LONG DOLLAR ON SUCCESFUL TEST AND HOLD OF THE TRENDLINE AND SUPPORT ZONE. BUY USD DIPS AGAINST EUR,GBP, AUD AND NZD, WATCH WTI FOR CAD
BUY ON THE TEST OF TRENDLINE FOR 45-50 pips target and 30 pips Stoploss