WhosPipsAreTheseAnyway

WhosPipsAreTheseAnyway Updated 

Short FTSE 100 @ 7450 TP: 6900 SL: Around 7700 The UK has many problems involving the PM, energy, cost of living crisis, recession, inflation and a devaluing currency. Normally GBP weakness was beneficial for the equity index however, the correlation has broken down. THE BOE has admitted that we face 5Q's of recession ahead and I cannot see how that is positive...

WhosPipsAreTheseAnyway Updated 

SHORT EURUSD @ 1.0243 TP @ 1.0110 SL @ 1.0271 Technical breakdown at key pivot area - Screaming sell on fundamentals too!

WhosPipsAreTheseAnyway Updated 

Short GBPJPY @ 163.30 TP: 157.88 SL: Will keep an eye and most probably cut this trade above 164.60 area. We saw a dovish hike from BOE which cause a sell off in GBPXXX currency which was all reversed on the back of the US NFP print (which doesn't really make sense). I would think this GBP rally will be short lived and I expect sterling to trade weaker in the...

WhosPipsAreTheseAnyway Updated 

LONG EURCHF @ 0.9885 TP @ 1.0124 SL @ 0.98 EUR has been under extreme pressure in the last few weeks mainly due to dollar strength in the market. Instead of betting against the dollar I have decided to pivot into buying EURCHF at recent lows. I think we may start to see a FED slow down in their hiking cycle and ramp up in the ECB hawkishness. I do not expect CHF...

WhosPipsAreTheseAnyway

Still Short EURJPY at 136.30, Just zooming in on the chart a bit to give a better idea of what we are seeing. EJ is back below the 136.31 Fibbo resistance as well as below the downward trend line which sits ust above that fibbo lvl. We saw it test both of these levels briefly and is now back below suggesting that the top is in place for now. The support comes at...

WhosPipsAreTheseAnyway Updated 

Short EURJPY @ 136.30 TP: 132.20 SL: 137 Selling a clip of EURJPY below the 136.31 fibbo resistance, and will sell another closer to that 136.80 downward trend channel. Stop is in the system at 138 but I will probably close through 137 if we smash through these next two resistance levels. So this trade is a great RR of 5.8/1 Good luck ;)

WhosPipsAreTheseAnyway Updated 

SHORT AUDUSD @ 0.7057 TP @ 0.6829 SL @ 0.7147 Lets keep this clean. AU is rejecting off the bearish resistance line in the downward channel, this tell us that the highs are in place and we can expect it to retrace lower. I am aware DXY is soft atm, but if this changes we could see a free fall in this cross which would be good. This trade offers a 2.5/1 RR...

WhosPipsAreTheseAnyway Updated 

Short GBPUSD @ 1.25 TP @ 1.22 SL @ 1.26 Short while we are below the 1.25 Resistance level in GBPUSD. Risk has started to turn a bit and feels as if we could see NYC starting to fade these rallies. This trade offers a 3:1 RR ratio. Good luck

WhosPipsAreTheseAnyway Updated 

LONG GBPCHF @ 1.2120 TP at 1.2279 SL at 1.2070 Playing technicals and fibbos on this one. Support at 1.2079 (where I will buy more if need be). Tight stop after that lvl, will watch closely.. Looking for a retracement to the 1.2279 lvl ... Good luck. This trade offers a 3.18/1 RR Ratio.

WhosPipsAreTheseAnyway Updated 

SHORT AUDUSD at 0.7320 TP at 0.70 SL at 0.7403 We have taken out the upward trend line signalling that AUD strength is running out, as well as we have broken the 0.7323 fibbo support. USD is on the charge and I expect to see this pair grind lower. GL

WhosPipsAreTheseAnyway Updated 

SHORT GBPJPY at 165.83 TP at 161.76 SL at RH 168.43 GBPJPY is breaking down and collapsing out of the upward channel. I expect to find aggressive sellers here as Cable sells off also. GL

WhosPipsAreTheseAnyway Updated 

Long SPX at 4390 TP at 4600 SL (Not set in stone but a close below 4375 and I will walk away from this trade) We have seen some bullish movement in SPX in the last few days as it has broken the downward trending channel. Yesterday, we saw a dive back to the 4390 lvl where I have entered this trade. The downward trending channel will now act as a support as well...

WhosPipsAreTheseAnyway Updated 

LONG XAUUSD @ 1900 TP @ 1974 - 2000 SL @ 1864 We have seen Gold consolidating around the 1890 - 1900 mark. There is significant support at the 1890 lvl, and as long as we trade above that, I remain bullish on gold. Especially in the current environment, gold has proven its safe haven status. I will load up on another clip at 1890 if we test there. Looking for...

WhosPipsAreTheseAnyway Updated 

SHORT GBPJPY @ 154.60 TP: 149 SL: 158 With the way things are playing out in Russia and Ukraine, a strong risk off mood has entered the markets. I have decided to sell the break of the 61.8% Fibbo in GBPJPY as I believe this will continue to grind lower in the coming days. I will continue to sell rallies in this pair all the way up to 158 lvl (although I don't...

WhosPipsAreTheseAnyway Updated 

Short AUDUSD at 0.7275 TP: 0.70 SL: 0.7345 We have seen the dollar start on the strong side on the first trading day of 2022 however it retraced a bit on the second day (4th Jan). I have therefore decided to sell into this AUD rally as I believe the FED will start showing signals of further rate hikes in 2022 therefore strengthening the dollar against the Aussie....

WhosPipsAreTheseAnyway Updated 

LONG USDZAR @ 14.67 TP @ 16 SL @ 14.40 We have seen the ZAR strengthening against the US dollar in the last few weeks. This was dude to rising global commodity prices helping SA's net exports. Another reason was that due to inflation and SARB entered an aggressive hiking cycle. However, I think this move is oversold. SA has many problems that they need to recover...

WhosPipsAreTheseAnyway Updated 

LONG USDJPY at 122.40 TP: 124.90 SL: 121.25 USDJPY has pushed through a nice tech support lvl of 122.40 and I have therefore bought the break. The fed will also outpace the BOJ in terms of rate hikes this year therefore leading to my view of USDJPY between 125-130 level. BOJ have signalled that they would get involved and stop the depreciation of the Yen at some...

WhosPipsAreTheseAnyway Updated 

Stocks getting hammered with this risk off mood and although it might not be the time to go bottom picking, I certainly don't want to miss out on this dip. As things stand, the UK is set to open up in the coming weeks, vaccine roll out continue to be a success, and therefore I am adding some FTSE100 to the list of things to buy. Long - 7030 TP- 7300 SL - Nothing...