sufiansaid

sufiansaid

Price : 1.8700 Price Action : Price made higher high and tested 1.8700. The reaction was a bearish engulfing candle Indicator : Price-RSI Divergence and also at Daily TF, there is a Price Divergence as well (look at the chart below) Looking Ahead : if there is no positive Brexit news over the weekend and next week, I anticipate market will sell off their...

sufiansaid

Price : 149.00 - 147.450 Price Action : Accumulation phase, stuck in a range since late September. Indicator : Rob Booker's KD painted last month. Price havent continued gone up but not down either, sideways. Looking Ahead: whilst GBPJPY is an attractive pair to catch big trends, Yen yo-yo effect so far in the last few weeks make GBPJPY isnt exactly the best...

sufiansaid

The price I looked at 1.3250 The price action (reaction): a) bearish engulfing candle b) Kind of triple top formed c) Weekly range projection have been hit hence technical bias shifts into retracement/reversal Technical Indicators: Price-RSI showed a divergence between RSI and Price Looking Ahead : I rely on fundamentals/sentiment (if possible). If next week,...

sufiansaid

1. Price is at 1.86000 (00s) 2. Price missed daily pivots two days in a row (Rob Booker concept - high probability price about to turn) 3. Weeky Projection High - exceeded 4. Price-RSI Divergence 5. Missed Pivots as targets I am bullish on AUD (AUDUSD/AUDJPY) next week but also bullish on GBP (GBPUSD) so this could be contradictory for my other GBP trading...

sufiansaid

I read that Morgan Stanley stated that the concerns over Italy budget deficit and also the fact that market believes the Brexit deal is close (Irish border issue). Probably this bullish sentiment continues next week. U.S market is closed on Monday, that could be a factor of Sterling strengthening against the Dollar, MAYBE. Technically : 1. Price missed pivot,...

sufiansaid

1. Price is at 80.00! 2. Weekly Range Projection low was exceeded - Reversal/Retracement bias is ON 3. Price-RSI Convergence - However, I am not ruling out a further down completing the boomerang level below first though 4. Missed Pivot as targets (Rob Booker concept)

sufiansaid

Oil price have rallied over the U.S sanction on Iran, which I think is an overreaction and underestimation of how Saudi, OPEC and Russia can still provide the 2 million barrels that would come off the market once the sanction starts in November. Technically however : 1. Price-RSI divergence 2. Boomerang Level as targets (click the chart below to understand...

sufiansaid

1. Weekly Pivot wasn't touched (Rob Booker concept) 2. Boomerang Level was formed 3. Weekly Range Projection was exceeded (following week is reversal/retracement bias) 4. Price-RSI Convergence (high probability price could turn) Refer to the link below to understand what is Boomerang Level

sufiansaid Updated 

I have read that the Labour Party would vote for a second Brexit referendum. I am not sure wether that is bullish or bearish for the sterling. The market is one moody bugger who changes its mind so much. One day, this kind of news would be bullish for sterling, one day it becomes bearish. However, this fresh news (about potential second referendum now that no...

sufiansaid Updated 

FOMC later today. The probability of the Federal Reserve to raise interest rate have been priced in at 98%, unless they somehow decided to hold the rates today, there be no headline movement today. However, statement from the Federal Reserve is the one that will potentially set the sentiment tone for the whole week if not the month. Will it be a dovish hike?...

sufiansaid Updated 

Intraday, price did not touch it's minimum high or low projection by few pips. I always tell a story to myself that "if the price doesn't touch the minimum high or low daily range, they owe the market and have to pay it eventually". Now, this information doesn't help me really as it doesn't necessarily offer me any kind of a "crystal ball" "leading indicator"...

sufiansaid Updated 

On Daily TF, a bearish engulfing candle occur. A Double Top occurred as well. Please refer to the chart below Technically, mid-term I am EURUSD biased. Intraday there will be ebbs and flows that are tradeable, both ways. On Friday price had a waterfall move that exceeded the EURUSD daily range (70 pips). By default, I will always turn my short-term bias into a...

sufiansaid

Intraday (refer to top left chart), price almost touching the weekly range. When that happens, I am biased on a retracement. Mid-term (refer to H4 and D1 chart), price have touched the Monthly projection and tested 87.000 price which was rejected mid May 2018. Plenty of trading plan can be produced from this. Bearish Engulfing Candle on H4 and/or H1 would...

sufiansaid

The fundamentals that move the Canadian Dollar the past week or so were the updates on the NAFTA deal. If a deal struck, Canadian will definitely strengthen. However, the Commodity Market is an important catalyst as well specifically Oil. US-China Trade war somewhat affecting market sentiment and the energy market is no different. The market sentiment at the...

sufiansaid

Weekly Range had been hit so technically I will be biased of a 38-50% retracement move (if not full reversal). I am however not ruling out another push to the upside.

sufiansaid

Refer to the chart for the trading plan detail.

sufiansaid

Refer to the charts for the trading plan //Retail Sales later.

sufiansaid Updated 

Binary as in 1 and 0. Good unemployment data, I will Long AUDUSD. Bad Employment I will short AUDUSD (Aussie is already pressured by the US China Trade War as it is). A good economic data could give some relief to the Aussie and I want to make sure I am in a trade if that happens