Hey there lovelies,
**Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. **
Here is my analysis on several #forex currency pairs for this week. This week I will be concentrating on pairs with both bullish and bearish trend trading opportunities. This week trade pairs cautiously with proper risk:reward ratio until a clearer trend pattern can be defined, if it hasn't already. Expected high volatility going into next week's session and manage trades wisely, #usd (FMOC report, unemployment, and CPI), #eur (Grexit decision, PMI, unemployment), #gbp (PMI and bank rate). Also, remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-)
Food for thought: http://money.cnn.com/2015/05/31/investing/stocks-market-bubble-bonds-china-startups/index.html?iid=Lead
1) #EUR/USD (Daily) - Last week, this girl rebounded at the expected 61.8% fibonacci re-tracement level and tested the 1.10 resistance but failed to exceed it with a full body formation closing at 1.0989 with a hammer on the weekly chart. This week, a possible test of the upper 1.12 may occur. Although #eurusd is still in a strong downtrend on a weekly & monthly time frame a much needed short reversal may be looming based on a monthly bullish candlestick formation and weekly divergence. Be sure to use proper money management with this pair with rational risk:reward pending #Greece on June 5th. If given a bullish opportunity plan to go long (buy) at the (1.1050-1.09) range toward the 1.12 and/or above. If the pair can exceed the 1.1550 level with a full body candle in the future, it is highly probable that an uptrend reversal has been confirmed & will continue towards the resistance level of 1.2 and/or above. If given a bearish opportunity plan to short (sell) the market at the (1.14-1.1530) range towards 1.122 and/or below. Depending on your position, expect at least 300+ pips on this emotional roller coaster for this week.
Market moving news: http://www.bloomberg.com/news/articles/2015-05-30/greek-talks-with-creditors-deepen-as-payment-clock-ticks
2) #EUR/JPY (Daily) - Expect a possible re-tracement of 100-200 pips from #eurjpy current position. If given a bullish opportunity around (136-135.3) plan to go long (buy) on this pair back up towards the 137+ range. Expect at least 200+ pips on this sweet ride for this week.
3) #GBPNZD (Daily) - Last week the bulls continued to dominate the market, soaring to the high of 2.1575. If given a bullish opportunity after a 100-200+ pip re-tracement, plan to go long (buy) on this pair around 2.12-2.14, and back up to the (2.15 and/or above). If given a bearish opportunity in the future, plan to short (sell) this pair around 2.2-2.19 and cancel/replace as needed. Depending on your entry expect to ride this wave for at least 300+ pips for this week.
4) #GBPUSD (Daily) - Last week, even though she slid to the 50% fibonacci re-tracement level producing a new low of 1.5240 (giving way to a possible C, within ABCD pattern) she manage to close above the inner monthly downtrend line with a spinning top candlestick giving addition confirmation of a trend reversal. This week she may retrace further towards the 61.8% fibonacci level before continuing her bullish ride. There could be another bullish attempt of the 1.55 this week as well. If given a bullish opportunity at (1.52-1.50) take a long (buy) entry on this pair back up towards the 1.56 and/or above range. Later, within the next few weeks if given a bearish opportunity at (1.5750-1.5840) take a short (sell) entry on this pair back down to the 1.546 and below range and cancel/replace as needed. Expect at least 300+ pips profit from this feisty gal this week.
Xoxo, Deuces ;-)
Click link to view my recent stats:
Hey there lovelies,
**Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. **
Here is my analysis on several #forex currency pairs for this week. This week I will be concentrating on pairs with both bullish and bearish trend trading opportunities. This week trade pairs cautiously with proper risk:reward ratio until a clearer trend pattern can be defined, if it hasn't already. Expected high volatility going into next week's session and manage trades wisely, #usd (FMOC report, unemployment, and CPI), #eur (German sentiment, PMI, climate and Draghi), #gbp (CPI, bank vote, and Carney), and for #nzd (inflation and flash PMI). Also, remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-)
.png)
1) #EUR/USD (Daily) - Last week, this girl continued thrusting her hips towards the upside with a higher high of 1.1465. This week, expect a re-tracement of 100-200 pips from #eurusd current position.. A test of the upper 1.1520 may occur. Although #eurusd is still in a strong downtrend on a weekly & monthly time frame a much needed short reversal may be looming based on monthly bullish candlestick formation. If given a bullish opportunity plan to go long (buy) the market at the (1.1230-1.1150) range toward the 1.1530 and/or above. Expect some consolidation around 1.1370-1530 resistance level. If the pair can exceed the 1.1550 level with a full body candle, it is highly probable that an uptrend reversal has been confirmed & will continue towards resistance level of 1.22 and/or above and hopefully establishing clear up ABCD pattern. If given a bearish opportunity plan to short (sell) the market at the (1.15-1.1530) range towards 1.122 and/or below. Depending on your position, expect at least 300+ pips on this emotional roller coaster for this week.
.png)
2) #EUR/JPY (Daily) - Expect a re-tracement of 100-200 pips from #eurjpy current position. If given a bullish opportunity around (134-133.5) plan to go long (buy) on this pair back up towards the 137.5+ range. Expect at least 200+ pips on this sweet ride for this week.
3) #GBPNZD (Daily) - Last week the bulls dominated the bulls after last week's majority conservative vote for the general 2015 UK election, soaring to the resistance 2.14 level. If given a bullish opportunity, plan to go long (buy) on this pair around 2.1-2.08, and back up to the (2.12-2.14 and/or above),but use a decent stop of 30-100 pips due to pair not being able to overcome its most recent resistance level and may be out to find a new C for its recent up ABCD pattern. If given a bearish opportunity, plan to short (sell) this pair around 2.085-2.083 back down to the (2.04-2.035 and/or below). Remember to cancel/replace as needed. Depending on your entry expect to ride this wave for at least 300+ pips for this week.
.png)
4) #GBPUSD (Daily) - Last week she effortlessly climbed to new heights of 1.5815, which she predictably found resistance. This week there may be another bullish attempt of the 1.58, but take advantage of the if then process for bearish opportunities if this resistance level is not overpowered. If the 1.583 is denominated expect her run towards her friends with benefits at 1.6-1.62 within the next two weeks. If given a bearish opportunity at (1.58-1.583) take a short (sell) entry on this pair back down to the 1.546 and below range and cancel/replace as needed, also note this girl may have found her peak "B" man and may be the prowl for another lover
aka "C". If given a bullish opportunity at (1.544-1.543) take a long (buy) entry on this pair back up to the 1.58 and above range. Expect at least 300+ pips profit from this feisty gal this week.
Xoxo, Deuces ;-)
Click link to view my recent stats:
Hey there lovelies,
**Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. **
Here is my analysis on several #forex currency pairs for this week. This week I will be concentrating on pairs with both bullish and bearish trend trading opportunities. This week trade pairs cautiously with proper risk:reward ratio until a clearer trend pattern can be defined, if it hasn't already. Also, remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-)
1) #EUR/USD (Daily) - Last week, this girl made a bold statement an aggressive move to the upside with higher high of 1.1285 with little re-tracement. So, since you couldn't beat her as a bear, I hope you quickly reverse your position and joined her as a bull :-). This week, there might be a slight re-tracement of 50-150 pips from #eurusd current position.. A test of the upper 1.1350 may occur. Although #eurusd is still in a strong downtrend on a weekly & monthly time frame a much needed short reversal may be looming. If given a bullish opportunity plan to go long (buy) the market at the (1.1130-1.10) range toward the 1.1350 and/or above. Expect some consolidation around 1.1370-1530 resistance level. If the pair can exceed the 1.1550 level with a full body candle, it is highly probable that an uptrend reversal has been confirmed & will continue towards resistance level of 1.22 and/or above and hopefully establishing clear up ABCD pattern. If given a bearish opportunity plan to short (sell) the market at the (1.0950-1.0700) range towards 1.0460 and/or below. Depending on your position, expect at least 300+ pips on this emotional roller coaster for this week.
2) #EUR/JPY (Daily) - Expect a re-tracement of 100-200 pips from #eurjpy current position. If given a bullish opportunity around (132.70-133.0) plan to long (buy) this pair back towards the 136.5+ range. If given a bearish opportunity around (129.30) plan to short (sell) this pair back down towards the 126.0 and/or lower range and cancel/replace as needed. Expect at least 200+ pips on this sweet ride for this week.
3) #GBPNZD (Daily) - Last week the bulls dominated the bears mid-week at the 2.0365 level. She definitely stay on her high horse for the majority of the week like the diva she is, before gravity hit. For this week, trade this pair cautiously until a clear pattern has been confirmed. If given a bullish opportunity, plan to go long (buy) on this pair around 2.010-1.99 back up to the (2.020-2.030 and/or above). If given a bearish opportunity, plan to short (sell) this pair around 1.97-1.9640 back down to the (1.94-1.93 and below) Remember to cancel/replace as needed. Depending on your entry expect to ride this wave for at least 300+ pips for this week.
5) #GBPUSD (Daily) - Last week she did manage a higher low as well as a higher high compared to last week. This week there may be a bullish attempt of the 1.56, but take advantage of the if then process for bearish opportunities . If given a bullish opportunity at (1.50-4950) take a long (buy) entry on this pair back up to the 1.54-1.56 and above range, but note the the 1.5450-56 has acted as descent resistance in the past so a sell order may need to be considered if the bullish are unable to close above it. If given a bearish opportunity at (1.49-48) take a short (sell) entry on this pair back down to the 1.4620-1.45 and below range and cancel/replace as needed. Expect at least 200+ pips profit from this feisty gal this week.
Xoxo, Deuces ;-)
Click link to view my recent stats:
Hey Beautiful,
**Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. **
So, I went through the majority of the majors to find possible trend reversal signals and I think I might have found some :-D. Utilize next week as a confirmation week if you wish and ride a possible 500-1000+ pip wave with me. If you are able to get a good entry point, remember to cancel/replace as needed in order to ride the wave as long as possible. Remember to trade counter trends cautiously with reasonable R:R and TP & SL until reversal has been confirmed. Recognizing a "possible" reversal and entering early when confirmed will be key to successful long term trend trading.
As always, remember the trend is your friend until it bends. Happy Trading! :-)
Xoxo,
Deuces
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png){kind=link}