1% RISK, YEILDS ARE COMING OFF LOOKS LIKE A SHORT TERM REVERSAL
we have seen a very strong dollar this month, I'm anticipating dollar to collapse soon with the limited QE from FED and the price action for most USD pairs is well overdue a sell!
We have seen ZAR very weak recently due to heavy RISK OFF and some weak zar data. I'm anticipating a RISK ON week which will see ZAR gain some strength, we, have weak PMI data during this week which will give us our prime level to sell I have 3 TP's set for this trade TP 1 - 15.17456 TP 2 - 15.02576 TP 3 - 14.64768
As you can see we have a head and shoulders pattern forming
Weekly - as we can see NZD has been on a downtrend since November 2016 and has been respecting the descending trendline on separate occasions and on every-time it has reversed heavily. NZDCAD is approaching a key level and double top region, the last price has broken through this area was 11 months ago in march, since then it has been rejected 6 times and we are...
as you can see the Dax has Been respecting the trend line for a long period of time, DAX is a weak ecomany as it has just avoided a recession, eur auto car tariffs may get introduced to Europe which will effect the Dax massively too, Brexit also
Price has tested the downwards channel multiple times then broke to the upside where it has hit our price zone. price should reverse targets are... TP 1 - 9.27954 TP 2 - 9.21655 TP 3 - 9.13943 SL - 9.34018 have a great day guys, please use correct risk management
this idea will only run if we get some positivity over the ongoing trade wars with china my idea is for price to break 6.72600 region retest and to carry on bearish price is under the 200 ema Candlestick formation looking bearish us china trade wars is looking to get negotiated which will be great for china
USDSEK respecting deciding trend line extremely well, negative USD new later
usdchf is approaching resistance, we have the FOMC and GDP today for USD which should be weak to back up our technical. TP 1 - 0.99451 TP 2 - 0.99300 TP 3 - 0.99111
after recent Brexit events and todays meeting being delayed until next month I can potentially see GBP dropping heavily. TP 1 - 143.153 TP 2 - 142.020 TP 3 - 141.080 TP 4 - 139.458