Super strong daily resistances that held from support to resistance more than 10x for a year. sentiments shows big $ is on the buy side. The buildup near the zone , chances of breakout is high. wait for price to breach thru and re-bounce to enter Long. Tp , draw Fibo to identify. Trade is invalid if price rejected or price rally across without a small...
KRAKEN:GBPUSD Buildup at resistance spotted, buy on the breakout. likewise, if price fall below rectangle , short the correction. 1H full candle have form fully outside zone for confirmation on breakout or correction.
FX:GBPUSD 1)risk reward worth. 2)second wave fear will not allow dollar to fall further 3) London Hospital in lockdown 4) 4H TA bearish
FX:USDMXN price rejected the 61.8 fibo. with day trading strategies call for a short as well. do note this is for day trade, do not hold position for long
OANDA:AUDUSD Australia with china bilateral relationship is suffering. US has offered UK to help build its 5G technology. US is trying to isolate china . The fallen into my vacuum rectangle , short near the top of rectangle to the daily uptrend line.
FX:GBPUSD Day trading . 200 daily SMA TP would be ideal as well. Later today FED talks would cushion dollar fall, keep in mind the talks aint smooth as we have discussed. Where are the bull going to push to? 1.28, then whats next? bulls do not have the strength to go further without more good news impact.
TVC:USOIL OPEC Russia and Saudi have agreed to reduce supplies. Thou as prison dilemma in game theory prove the likelihood these countries will cheat. Goldman bearish forecast on oil have led to the pullback. Oil rally will not last. But optimism on the lockdown lift outweights these rationale. We would trade with the trend, but would not hold long position...
CURRENCYCOM:GOLD 1H Stochastic cross, daily uptrend breakout. 4H resistance zone . We are still bullish on gold for the year. short term shorts are in favour
FX:GBPUSD Safe haven status dollar have been diminished. UK-EU trade talks have not been pleasant. I would expect a soft Brexit both countries need it to pull thru this crisis, But resistance in the talks are expected to cap further rallies. UK would capitalise on EU economic weakness to strain negotiations for better deal in UK favor, this would create nasty...
OANDA:GBPCHF Fundamentally on Pound =Weak Technical =Bearish Trend = Bearish Get in with proper SL , Good luck, Sometimes waiting too long for better price would miss the boat.
OANDA:NZDCAD Renew optimism on oil will led this pair to fall. past 2 weeks Kiwi was fundamentally strong. Good luck playing with guidelines.
OANDA:GBPCAD Daily consolidated range, this look like a stubborn zone. trading day high to day low will be idea, with day trading rules of course. Oil rally has slow down without specific direction , which led to CAD weaken, GBP has weaken fundamentally as well. A 80-100pips true breakout would led to new trend.
OANDA:CHFJPY Daily view = Bearish 4H Uptrend line in danger. Momentum shows possible mirror image, Uptrend to continue is possible. We suggest follow the short term temporary line breakout direction for 1/2 the average volatility =40pips. it will be uncertain to hold longer in any directions. As long term downtrend resistance vs 4H uptrend support at tight...
OANDA:EURNZD Last week was a good pair to scalp in tight consolidated range. We expect the pair to breakout of the tight range next week. Either way of the breakout, we will follow thru, we expect to see new consolidation range soon. Past month we spotted couple of double tops and double bottoms, Those areas would be our Mid term view ranges we will play...