RickDalebout1

RickDalebout1

I have entered a long position on EURGBP because, GBP 📉 (BoE rate cut & stagflation concerns) This is my main reason for this long idea, and why I can see upside against the GBP. Technical it is a very clear story as the chart can tell why.

RickDalebout1

Morning traders, Today I wanted to go over one of my most recent trades placed and live in the market right now. The pair I will go over is EURAUD and the position in the market is long and here is my reason why: Fundamental reason, For the fundamental reason I wanted to go over the flash PMI data from the EU zone. which came out hawkish form French and then...

RickDalebout1 Updated 

Morning traders, Long time no see, sorry for that been busy recently with optimisation and fundraising for the portfolio. Since the start of the year I’m up 3%, but without further ado I wanted to sent out an update on one of my current picks in February. Currently looking at FX:USDCHF LONGS, Macro Fundamental reasoning: 🇺🇸 USD since the commence of this...

RickDalebout1

Dear Traders, Guess who’s back?? It’s me back again with another series of analysis. After this update I will post pre breakdown before entering the trades. Macro analysis, I wanted to look for CHF longs for the whole month now, because CHF is seen as an safe haven and in times like war and other economic uncertainties the CHF is a really strong currency. As a...

RickDalebout1

Morning traders, Today we have a lot on board the for Dollar, so let’s dive in; We have core CPI coming out later today. If better then expected we could see the DXY breaking some highs. - Higher OIL prices weigh on inflation, which comes out at 3.6% in August. - GDP stays strong, US trade data is the only weak data in the US, but China’s recession will likely...

RickDalebout1

Morning traders, Let’s discuss my setup from last week where I’m still in btw. I took this trade inline with my AUD/JPY position, but now I see the EUR as my weaker currency. This is because the EUROZONE is still in a recession, and won’t likely getting out of it soon. They are indeed likely to raise rates again higher, but a hawkish rate decision might not...

RickDalebout1

Morning traders, Today I’m back with another insight: I entered a long here a few days ago. depending on a strong AUSSIE and a weaker YEN, which is slowly showing signs of an intervention. Till then I see bullish AUD/JPY. The technicals aligned perfect with my macro bias, and that’s the beauty of this setup. I drew my trend-line on the Daily timeframe,...

RickDalebout1

Good-afternoon guys, Today I decided to sell stop gold on this important Daily zone, which also aligns with the trend. And keep in mind that the 'Trend if your friend". What are you guys looking at? Let me know in the comments

RickDalebout1

Good-morning guys, Today I’m back with another 2 minute macro review, where I will go over the the economic status covering the Dollar today. Let’s dive in: U.S. remains strong at all data points, which will leave the FOMC open for more hikes in September. Inflation still sticky + growth is solid and jobs are still great. All indicators show that we are...

RickDalebout1

Morning guys, Another 2 minute daily review, let’s dive in Yesterday the CPI came out Dovish for the USD meaning they will likely have to pause in September, which will be bearish for the index. Today we do have some Producer Price data coming out, which will be interesting to see how it forms. I hope to see this data coming out bearish as this will stimulate...

RickDalebout1

Morning guys, DXY for today. Curious to see what the inflation numbers will give us. I do expect a push down for the Dollar that will be in line with the technicals and some macro events happening. That was it for today, thank guys.

RickDalebout1

Good-morning guys, back again with the 2 minute daily review. Today I will review the Euro and the U.S Dollar, Bank are looking away from one month loss seen on Tuesday after Italian Government tax problem is solved, because only 0,1% of their TOTAL assets. This helped fragile investors gaining back their confidence. Do keep in mind that we have CPI later...

RickDalebout1

Morning guys, EU is still in a firm downtrend which I love to see being continued. The European stocks are pushing, which usually means outflow in currency and inflow in stock. And we still have that Italian tax story with us, so we are in the clear and there’s not much to do for me right now then just to sit this one out. Have a good trading day guys. You will...

RickDalebout1

Good-morning guys, Today another 2 minute daily market review. my expectations for today are still the same as yesterday. I would like to see USD and YEN longs, while looking for some EU and GBP weakness. We got some good news for this setup overnight, and that why I entered early in the morning. The good news; All Asia stock down which means that the outflow...

RickDalebout1

Good-morning guys, I’m back again with my 2 minute daily review. I want to trade the Pound / Yen, because my macros are lining up with my technicals. Firstly I want to discuss my view on the Yen and why my overview is Hawkish, so let’s dive in. Yen is beginning on its slow growth phase and starting its recovering from the recession. All lining up with the...

RickDalebout1

Good-morning guys, I’m currently still in this short on EURUSD which was almost called to perfection in my eyes. If I look at it form my macro perspective I still see the USD being hawkish after everything is bullish and almost all economic indicators are in the GREEN. Still the focus will be on the inflation numbers, which the dollar relies on heavily. The...

RickDalebout1

Hey guys, Short trade recap on EURUSD for me to keep in my archives; I took this trade as we were trading with bearish momentum, which I would like to continue. I entered on the volume in my area of interest where I wanted to see internal price shift. Any questions feel free to ask.

RickDalebout1

Good-morning guys, Today’s view on the Dollar Index; I would like to see some downwards momentum as I’m looking to long GU. And since Jerome Powell said that the interest rates are not going to 2% in the next upcoming year I’m bearish on the DXY. We are for a fact technical bullish on the DXY as we are trading from a strong low and some trend-line...