TrevorLam

TrevorLam

Playing break of yearly open

TrevorLam

Probability trade. ML resistance

TrevorLam

Divergence showing waning momentum on 120, 60, 30 and 15 min charts. Been trying to get short of this and feel this is the reversal.

TrevorLam

Downside targets at 6930 and 6890 so although missed the break of 6955 happy to try a late small entry to catch some of the move

TrevorLam

Simple buy off resistance.Exhaustion showing with divergence. Stop placed wider as yesterday got caught out quite a few times.

TrevorLam

Short against this decent resistance level. Together with weak fundamentals for AUD

TrevorLam Updated 

Closed above this trend line. Playing the GBP strength which usually a strong month for sterling. And recent election announcement may give sterling more strength

TrevorLam Updated 

Playing short off resistance. Divergence shows possible exhaustion on 60, 30 and 15 min charts

TrevorLam Updated 

Exhaustion off big resistance zone. Divergence on 60 and 30.

TrevorLam Updated 

Long - Probability trade

TrevorLam

Long -

TrevorLam Updated 

Zoom and retest

TrevorLam Updated 

Outside bearish week, even though bullish longer term. gold/audusd relationship suggest possible low coming up when overlaying patterns. (For 16-24 Nov)

TrevorLam Updated 

Broke out of bearish trend. Looking for a bullish reversal

TrevorLam Updated 

AUD/NZD has gained nearly 300 pips from the election panic low under 1.0400, and based on the recent price action, bulls may be looking to take it back up to the top of its 6-month range in the upper-1.0700s. Zooming into the 1-hour chart, we can see that rates are forming a tight consolidation range just below the recent highs. This bullish price action is...

TrevorLam Updated 

Upside break. Currently could be at long long term resistance. But Faraday have not advised to close position. Unsure whether to close position or leave

TrevorLam

We are at trend line support, 200MA, .382 retracement of the ascent from the oct low, .382 retracement of the decline off the high. If this support holds we can hope for an upside move targeting median line or top of channel.

TrevorLam Updated 

The pound is performing well in the post-election environment. Last week's shock Trump win is seen to have put the UK at the front of the queue when it comes to negotiating a trade deal with the US. So whilst the greenback's strength has got much of the limelight, the pound is also showing high levels of relative strength. In contrast, the yen is weakening...