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Trade ideas

Week ahead – EURUSD

EURUSD is slowly channeling down and with latest positive NFP records it looks like we might see a retest of a longer term support at 2870’s. This area is a 50% retracement of 3709 high and 2037 low. Below 2970’s I am a short term bear towards 287…

Week ahead – EURUSD

Last week I was expecting milder movements and I was wrong. At the moment I am in a neutral mood (i am neither bull or bear). I would not be surprised by the move even lower to 2870’s. Bearish actions are still stronger then pressure coming from b…

Week ahead – EURUSD

EURUSD went almost cleanly through 3250 so no fade trade from there for me. Right now we are in a neutral territory. I see this situation as a opportunity to fade the markets between 3250’s – 3150’s. Taking it from a short term perspective, I am e…

Recent market action

From M1 stand point of view I haven’t found any valuable plays in recent market action, especially in EURUSD. Yesterday I wanted to go long in USDCAD with approx. 5R target, but I have cancelled the position. The reason was simple: it didn’t do ju…

Week ahead – EURUSD, USDCHF, GBPUSD

Not much of a change on the EURUSD front from the last week (trading plan is still valid). EURUSD is still holding above the entry which I have mentioned previously (3290).The longer we stay above this level, the stronger support is created. To pu…

Week ahead – EURUSD

EURUSD is approaching a critical level where more biases would be found. 3300 – 3290’s is next critical inflection point. As I have stated previously my bias is bullish as long as we are closing above 3250’s. This time I would like to trade this 3…

Update on EURUSD

In my humble opinion we are going to see even more downside in the very short-term future from EURUSD. 3400 is key! If that level holds-ish (+-30pips) we are going to see new highs. If not I would expect a retest of 3250’s. Below that I am a BEAR …

Update on EURUSD

EURUSD is moving in a nice channel and buyers were found right at the inflection point of supply zone and ascending trendline. The rest is self explanatory.Risk wisely and trade well ;-)lechiffre

Week ahead – EURUSD

With EURO creating higher highs across all pairs I am expecting some kind of broader retracement. With break out of 3400’s the EURO has moved in a 170p. swings followed by minor retracements of 50 – 70pips. If we make an average out of that, it co…