I know a number of our experienced members have already scaled some in one this one but theres no hurry for the ones who need some guidance. Rome was not built in a day so steadily we will navigate the chart and try to manage a really good entry to get our pips.
This is starting to look really good now for a solid trade.
The following information and chart is only available for members Read more…
If the EUR.USD currency pair goes down, then the USD.CHF pair will go up, and visa versa.
The Euro looks to be in a sideways chop within in a bear flag, while the Swissy seems to give a clearer signal on the Ichimoku chart. Look at the last 4 daily candles, the Japansese call candles similar to these with long shadows either end
Looks like SNB may have stepped in last night with a little intervention as I mentioned being a possibility in my closing broadcast………. “Take care with #20 scalp because I believe the SNBank started to intervene around the .9960 level last time it entered that area.” I see the low was .9959-.9962 area, so maximum overnight pip profit was circa +40 pips. The current H4 chart shows a test and fail of the small trendline, so we await the mood of the market today to see if they try to give it another push lower.
I had to get in a little earlier because I was going to be out of the office for a couple of hours, and I have now just taken some profits at +20. The market is very lack lustre, so I like to grab something when its there as we are only scalping /day trading and a profit is a profit.
For active day traders/scalpers.
Some potential for a break of the small trend line after an Evening Star formation (not quite finished yet) against the
Good Morning All
Monday AM here in NZ and just checking for any opportunities that may be setting up for this week.
Pairs so far that have possible potential are USD.SEK (Dollar-Swedish Krona) , AUD.NZD, USD.CHF, NZD.CAD, AUD.USD
and als0 mentioned late last week USD.CAD , USD.JPY. I will be watching these for a signal to enter.
Checka Vehicle Reports