HumbleTraders

HumbleTraders

After making higher high and retracing 50%, Aussie is now ready to make another bull wave towards 0.73. With flat stance of RBA towards interest rate increase, we should expect some rebound in this market Date: 10/30/2015 Pair: AUDUSD Price: 0.7106 Trade: Buy Market Lot Size: 0.01 Stop Loss in Pips: 50 Take profit in pips: 250 Risk of Equity: 2% My Trading...

HumbleTraders

Pound sterling has been in downtrend for a while. As all fundamentals point to stronger pound, this should be a good opportunity to enter long position. From technical perspective, all elements are in place. Trend has made higher low and retraced less then 50%. The only concern would be worse then expected PMI this morning. Unfortunately I didn't not check for...

HumbleTraders

Why? AUDUSD has been in correction since 07 Sep. The long term down trend must be assumed. The pair hit major weekly pivot point level and it has been overbought. How Enter short position after Aussie pulls back towards 61.8% of the last leg down. Profit taking Exit half position @ 0.7050 Move to BE at 0.7050, the first...

HumbleTraders

FED leaves the rates unchanged at least for a while. Emergency meeting might be called if inflation picks up to 2%. Watch oil prices in coming months. 1.14 good area to sell. Why? Psych level. 50% pullback from the recent top @1.16 Massive downside potential. How? Sell marked area after tomorrow London's open. Risk? 2% of equity. SL: 50 pips Hedge? Binary...

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Price entered sell zone. It is an Asian session now. Move to 1min to look for bearish reversal after London's open. Enter short position on 1min chart if: price crosses 200ma to the downside and there is a clear bearish pattern formed

HumbleTraders

The trading plan from the previous week remains in place. Marked area still stands as a sell zone in the longer term bearish bias. The area is 50-61% pull back from the previous lower low. This position can be reversed is the upper border of the sell zone is broken. This would indicate more up pressure.

HumbleTraders

EURUSD has resumed its downtrend and made a multi week lower low at 1.0820. This is also a support level from May 2015. We expect EURUSD to either punch through this level or pull back towards 1.9060 level before another leg down can take place. Trade: Enter short position @1.0950 SL 1.1065 TP 1.0547 Enter weekly binary CALL @ 1.9060

HumbleTraders

Weekly Long EURUSD setup Buy EURUSD at the pullback towards 1.1070. Enter cash long position with the SL at 1.0980 - below the recent lows. TP 1.1260 Hedge: Buy PUT option @1.1070. Expiry end of week. EURUSD made lower high and higher low last week This was broken to the upside last Friday and the price pulled back towards recent resistance at 1.1114. This...

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Cable found some bid at the lowest levels in years. Engulfing candle 9th Jan would suggest bulls are in play for now. If the 200ma hold on 4h chart look for short positions from 1.540. Break above 1.5520 would open a door for more strength. Downtrend must be assumed until further confirmation.

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Engulfing candle can be a reversal pattern but also can indicate a place to take profit. Clear correction is taking place here. Take profit and wait for retrecement to ad to long positions at 20ma

HumbleTraders

Dollar index has been breaking multi year highs for the last number of months. Unusual and large gap up created this week gives the reason to believe that the mid term high could be in place. As the are no real fundamental strength behind Us dollar, foamy uptrend can quickly collapse. Weekly bar analysis suggest the perfect entry for bears with the close below the...

HumbleTraders

US dollar index has broken multiyear highs above 89 mark. The uptrend is looking strong and intact. Buying on pullbacks is the way to go. Expect US dollar crosses to follow.

HumbleTraders

GBPUSD collapsed from 1.5790, earlier and lower than we expected. We see this market to range trade for the rest of the week before declining again below lows for 2014. Given bullish sentiment measured by COT report, this could be the last leg down.

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USDJPY had few weak days indeed. As there are no fundamental reasons to short this market at this stage, we assume long up trend to resume from 1.1520 area (50ma). This position could be easily stopped and reversed if market conditions change. Lets see.

HumbleTraders

EURUSD has broken, not firmly yet, 50ma. This is a first time we have seen this pair above major MAs for a long time. Monthly high against the dollar has not been confirmed. The pair did not close the day above. Sell off during US sessions would indicated temporary weakness. We expect some more upside here. Take long profits at 1.2560 and expect correction before...

HumbleTraders

After today's session, GBPUSD advanced rapidly and it is only few pips away from the open. This indicated plenty buying in the market. I would expect this pair to advance further and form consolidation pattern. Long term downtrend must be assumed and short positions would be recommended from higher levels.

HumbleTraders

Cable touching upper border of descending channel and presents low risk opportunity to enter or add to short positions. Long trades beyond 1.5740. Short targets at the recent lows.

HumbleTraders

EURUSD is still assumed in strong downtrend. After mini rally in today's session, pair presents a low risk opportunity to add to short positions. If stopped, position can be reversed with targets as displayed