adfasdf (By forex_trader_255336)
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adfasdf Discussion
Nov 06, 2016 at 04:14
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14 Replies
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 06, 2016 at 04:15
EURCAD Short Trade
In next week we have US election the big event risk, the market impact of which could be as big as, if not bigger, than the UK Brexit referendum we seen in June.
Therefore I mostly likely will not trade USD pairs until election risk has stabilized.
One chart I'm looking at is the EURCAD which I expect another bearish run will come soon and I am going short next week. This is a swing trade that could last days or even weeks.
In next week we have US election the big event risk, the market impact of which could be as big as, if not bigger, than the UK Brexit referendum we seen in June.
Therefore I mostly likely will not trade USD pairs until election risk has stabilized.
One chart I'm looking at is the EURCAD which I expect another bearish run will come soon and I am going short next week. This is a swing trade that could last days or even weeks.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 06, 2016 at 04:25
AUDJPY may drop impulsively soon.
Another pair that maybe affected by US election is the AUDJPY, which is well known to respond wildly to risk sentiment. That is, AUDJPY tend to rise when risk-on, or tend to drop when risk-off.
Looking at the daily chart, the price is still bound by a long term downward trend line (in red color), and is very close to the upper boundary, which leads me to think that a drop may come soon.
I'll be watching this pair next week to see if there's any short opportunity.
Another pair that maybe affected by US election is the AUDJPY, which is well known to respond wildly to risk sentiment. That is, AUDJPY tend to rise when risk-on, or tend to drop when risk-off.
Looking at the daily chart, the price is still bound by a long term downward trend line (in red color), and is very close to the upper boundary, which leads me to think that a drop may come soon.
I'll be watching this pair next week to see if there's any short opportunity.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 07, 2016 at 12:41
CADCHF next impulse maybe up.
Much like the EURCAD chart, CADCHF also staged a rebound at trend line support, reacting to today's FBI closing Clinton email news.
The next impulse is likely to be up for this pair and I've entered long trade.
Much like the EURCAD chart, CADCHF also staged a rebound at trend line support, reacting to today's FBI closing Clinton email news.
The next impulse is likely to be up for this pair and I've entered long trade.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 09, 2016 at 02:09
No matter Trump or Clinton wins, there will be trades to enter.
For Clinton wins, I'll try to re-enter EURCAD short and CADCHF long. The previous trades of EURCAD and CADCHF has been stopped out with profit by the election swings. That's a pity.
For Trump wins, I'll look for AUDJPY shorts.
For Clinton wins, I'll try to re-enter EURCAD short and CADCHF long. The previous trades of EURCAD and CADCHF has been stopped out with profit by the election swings. That's a pity.
For Trump wins, I'll look for AUDJPY shorts.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 09, 2016 at 07:14
US Dollar may rise from here.
Looking at the DXY chart it seems like price is able to hold an up trend trend line without problem.
After this election jitter settles down market will turn focus to FOMC next month.
I'm buying USD at this level against EUR and GBP i.e. sell EURUSD and GBPUSD.
Looking at the DXY chart it seems like price is able to hold an up trend trend line without problem.
After this election jitter settles down market will turn focus to FOMC next month.
I'm buying USD at this level against EUR and GBP i.e. sell EURUSD and GBPUSD.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 10, 2016 at 02:36
NZDUSD expecting another rise to channel top.
Looking at the chart, NZDUSD has performed well inside a up trend channel.
After price held the bottom trend line and bounced, I'm expecting another long trade to the upside.
Given the US election come and go, risk sentiment is positive for now and the RBNZ rate cut decision could not send NZD lower, which made me think NZDUSD can go higher from current level.
Looking at the chart, NZDUSD has performed well inside a up trend channel.
After price held the bottom trend line and bounced, I'm expecting another long trade to the upside.
Given the US election come and go, risk sentiment is positive for now and the RBNZ rate cut decision could not send NZD lower, which made me think NZDUSD can go higher from current level.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 10, 2016 at 04:10
colinsheen posted:
NZDUSD expecting another rise to channel top.
Looking at the chart, NZDUSD has performed well inside a up trend channel.
After price held the bottom trend line and bounced, I'm expecting another long trade to the upside.
Given the US election come and go, risk sentiment is positive for now and the RBNZ rate cut decision could not send NZD lower, which made me think NZDUSD can go higher from current level.
I was ignorant to the RBNZ Governor Wheeler's comment 'open to FX intervention' and i believe this comment is very dovish for NZDUSD. Immediately closed long trade with a loss.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 10, 2016 at 04:30
After closing the NZDUSD trade with a loss, I have reevaluated some other NZD pairs and found that NZDJPY had a thrust out from triangle pattern.
Since thrust out from triangle are usually terminative, we have seen topside selling pressure already.
Moreover USDJPY's rally is also bound by an trend line and reversed.
I'm looking lower in NZDJPY and went short this pair.
Since thrust out from triangle are usually terminative, we have seen topside selling pressure already.
Moreover USDJPY's rally is also bound by an trend line and reversed.
I'm looking lower in NZDJPY and went short this pair.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 10, 2016 at 08:04
Expecting USDJPY to drop to channel bottom again.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 10, 2016 at 13:40
AUDUSD expecting break lower targeting 0.7100
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 11, 2016 at 01:10
The larger correction of GBPUSD may be finished with yesterday's spike above 1.255 just to finish a 5 waves up.
Expecting price to turn bearish soon and continue with the larger bearish trend.
Expecting price to turn bearish soon and continue with the larger bearish trend.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 11, 2016 at 04:06
NZDCAD may drop impulsively in the coming up days and weeks.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 15, 2016 at 01:04
GBPJPY short term top could been seen already.
Looks like price is breaking out of an ending diagonal.
Looks like price is breaking out of an ending diagonal.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 17, 2016 at 02:27
USD Index I'm expecting another bearish leg form here, but have to wait for feasible trade entry.
One possible trade is short USDCHF because the chart of USDCHF looks like next let is downside too.
It's very risky to pick top at this moment.
One possible trade is short USDCHF because the chart of USDCHF looks like next let is downside too.
It's very risky to pick top at this moment.
forex_trader_255336
Member Since Jun 09, 2015
21 posts
Nov 17, 2016 at 02:31
looking at USDCHF chart, the drop from 2105 November looks like wave A and the entire consolidation since 2016 May until now looks corrective, so I'm looking for next bearish leg down.
As I'm still bearish AUDUSD, so this drop of USDCHF (USD weakness) would be trigger by stock market selloff (risk off).
As I'm still bearish AUDUSD, so this drop of USDCHF (USD weakness) would be trigger by stock market selloff (risk off).
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