ENTRY: 1.71125 STOPLOSS: 1.7155 TARGET: 1.7 Risk: -1.5% Reward: +3.9%
Longerterm projection of the spread between US10Y and US03MY
NEW SIGNAL SELL,SHORT NZD/CAD Entry: 0.846 Stoploss: 0.849 (-27 pips) Target: 0.836 (+100 pips)
USD/JPY SELL, SHORT ENTRY: 109 Target: 108 (+100 pips) Stoploss: 109.25 (-26 pips) Risk: -0.5% Return: +2%
We're continuing to hold 100% of our short position. This trade was posted last week here on our tradingview profile. See linked charts (related ideas) below,
I won't post this as a signal, since it's so early in the London session, however those who like to trade gold should look for long entries at these current prices with the upper target of a lower-high in the longer term structure at $1500. (see previous TA on gold posted on Tradingview) linked at the bottom below,
AU: Aussie 4-hrly long setup
1.1 on the weekly showed a well-defined rejection of the now-current weekly support level of 1.1. Down to the daily, an obvious morning star formation on the breakout of the zone we were watching all week for longs. This was an easy setup to take as the amount of demand at the price has been proven. Those who missed our suggested entry last week can use this chart...
See linked charts (related ideas) for the original setup. We'll be looking for price action to signal a buy next week early.
We've cleared enough profit to move stop loss to entry so this is as of now a risk-free trade. Our first downside target remains 1.315 which is just over 100 pips. We're currently floating +38 pips and look for more downside price action in correlation with Oil potentially breaking 78$ a barrel. Four days of bullish price action were over with yesterday's bearish...