aardall

aardall

Hi, The GBPUSD has formed a channel to the down side. It looks more like a pullback. If it can stay below 127800 we need to be looking for bearish plays, with targets to the 127000 handle. At the 127000 handle we need to be looking for some reaction, unless there is strong fundamental reason to keep going short. If there is still shorting pressure, target...

aardall

Hi, These are the levels we are going to be looking at this week. The 618(109927) will be the next level we look at followed by S1(109600). The market is due for a pullback, we can see that the blue (%K) line is curling. To get short we need a pullback to the 382 (106500) and a test of the current lows. All the best, Tan

aardall Updated 

Hi, Playing the continuation to the downside, no significant news over the weekend. Entry: 0.98500 Stop Loss: 0.98694 T1: 0.98250 Trail stop on the break of 0.98410 to a swing high/breakeven. Risk 1-2% of medium account.

aardall Updated 

Hi, Looking to take the pound down here with a purely technical play; found a double top on the 4H and 1H, entry on the confirmation of pattern. Entry: 129237 SL: 129479 T1: 129000 T2: 128580 T3: 128410 Trailing stop at T1 to break even, risking 2% of account.

aardall Updated 

Hi, This is a technical setup, a Gartley formation on the 15-minute chart. There is a fundamental reason to take this trade, the data coming out of the USD is slowing which may encourage the US to introduce loose policy, and when the US does something the rest of the world follows. Entry: 71988 Stop loss: 71909 T1: 72199 T2: 72545 Would trail stops at T1 to...

aardall Updated 

Hi, Looking for a breakout of previous days highs. We formed a trend channel overnight and have broken it in the early hours. Technically we had a 50% retracement and are looking for a 1272 extension. Entry: 123193 Stop loss: 122843 Target: 123995 No trailing stop here.

aardall Updated 

Hi, Technical setup forming on the EURUSD. A test of the 618 Fib level and a break of the channel formed will give us the signal to buy into the pair. 15:30 GMT US Crude Oil Inventory to come out which will give the next turning point in the market. Entry: 109350 Stop loss: 109042 Target: 109807 Trailing stops at 109568 to break even. Taking a 1% risk on this trade.

aardall Updated 

Hi, This is a technical continuation coming from the bullishness we found yesterday. We just got some bearish Manufacturing PMI data in the CHF. This is a technical setup to get on the bullishness. A pullback to the 382 area and a break of the highs. Entry: 108876 Stop loss: 108724 T1: 108977 T2: 109177 Trailing stops to break even at 108977. Taking 1% risk on...

aardall Updated 

We are looking to take this short because the BoE touted that they are looking to cut interest rates. This play is only valid if price can come into 122709 and break through because it shows that there is continuation. Technically speaking, a test of 382 and a break of lows is the play. Entry: 122709 Stop: 122957 T1: 122582 T2: 122125 Trailing stop at T1,...

aardall Updated 

Hi, We get a pullback to the 618 level, we are looking for a third bearish leg to the 1272 extension level. Entry on the break of the upward channel. But, was a bit late on this. This is a purely technical setup and will be holding this into the Asian session. Entry: 161700 Stop loss: 161876 Take profit: 161214 Will be trailing stops to Break Even at the break...

aardall Updated 

Hi, Looking for a long here, with targets to the 618 level. We have formed a double bottom and will enter on the confirmation. Risking 1% of the account, and not looking to trail stops here. Entry 109350 Target 109489 Stop loss 109245

aardall Updated 

Hi, Revisiting an old idea to the short side, we had a 382 pullback at the London Open and we are finding some bearishness closer to the US session. This looks to me like risk-off buying. Entry: 109856 Stop Loss: 110054 Profit Target: 109529 At the test of the weekly lows, looking to trail the stop to Break Even.

aardall Updated 

Hi, Safe heaven buying coming in this morning, looking to take the EUR short here. We found weakness overnight so a combination of these factors and the technical setup means it's worth giving it a shot. Technically we pulled back to the 50 Fib and consolidated, a breakdown of the lows is a sell signal. Entry: 117913 Stop loss: 118171 Target: 117477 Looking to...

aardall Updated 

Hi, Looking for a continuation to lows here, this is a purely technical setup, with price testing the 618 fib level and breaking the channel formed. We are finding bearishness on the Euro and are looking to get on the back of this. For me to take this trade, I will need to see strong bearishness. Entry: 161775 Stop: 162082 Target: 161385 Trailing the stop to...

aardall Updated 

Hi, We got a break of the previous swing low 108630 and we are looking to short the EURCHF on the bearish momentum forming on the 15m chart. The idea here is safe heaven buying from the bad CB Consumer Confidence that came out of the US today. We saw strong buying of the CHF, JPY currencies. Entry: 108630 Stop Loss: 108825 Target: 108163 On the brake of the...

aardall Updated 

Hi, Simple short from the EURUSD here. We want to get on the move in any way possible in the 15-minute timeframe. Price pulled back to 109794 area and we would like to see a break of the daily lows with a stop outside the swing. In hindsight, a short on the break of the previous day low would have been the ideal entry. Entry: 109655 Stop: 109811 Target:109256...

aardall Updated 

A Gartley pattern setting up to the long side, the bears were in control for most of the day due to anticipation of a neutral interest rate cut from the fed. This long setup came from the repurchase agreement(REPO) by the US government. This setup: Entry: 1.1039 Stop Loss: 1.1015 Target: 1.1100 Recommend trailing stop if we get through 1.1073 to break even.

aardall Updated 

Hi, Looking for a short on the USDCHF, this is purely from a technical viewpoint, we have seen some bearishness in the DXY and a strong bearish leg form followed by lower lows and lower highs. The technical reason is a 50% fib retracement on the most recent bearish leg(1hr timeframe) and a test of lows. We are looking for a 1272 fib extension as a target....