entered Archive

  • Trade Idea Wrap-up: EUR/USD – Hold long entered 1.3020

    Trade Idea Wrap-up: EUR/USD – Hold long entered 1.3020

    Failure to extend intra-day rebound from 1.2980 suggests further consolidation would be seen and indicated minor support at 1.2977-80 must hold for prospect of another bounce to 1.3055/60, then towards yesterday’s high at 1.3107, however, break there is needed to signal recent upmove has resumed...

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  • Trade Idea Update: USD/CHF – Hold long entered at 1.0627

    Trade Idea Update: USD/CHF – Hold long entered at 1.0627

    Failure to extend intra-day rebound and current retreat suggest caution on our long position and minor support at 1.0582 must hold to retain bullishness for another rise to 1.0676, break there would signal the rise from 1.0481 low has resumed for a stronger retracement of...

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  • Trade Idea Wrap-up: USD/CHF – Hold long entered at 1.0615

    Trade Idea Wrap-up: USD/CHF – Hold long entered at 1.0615

    Dollar’s retreat after intra-day rally to 1.0676 suggests caution on our long and 1.0594 (previous resistance turned support) must hold to retain bullishness for another rise, above said resistance would bring stronger retracement of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481...

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  • Trade Idea: GBP/USD – Hold long entered at 1.5150

    Trade Idea: GBP/USD – Hold long entered at 1.5150

    Failure to penetrate previous resistance at 1.5230 yesterday and the subsequent retreat from 1.5227 suggest caution on our long position entered at 1.5150 and 1.5115 must hold to retain bullishness for another rebound to the Kijun-Sen (now at 1.5170), break there would suggest the pullback...

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  • Trade Idea Update: EUR/USD – Hold long entered at 1.2275

    Trade Idea Update: EUR/USD – Hold long entered at 1.2275

    Despite intra-day sharp retreat from 1.2353 to 1.2262, as price has recovered, suggesting as long as this support holds, mild upside bias remains for another rebound to said resistance. View full post on Forex Trading Ideas

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  • Trade Idea Wrap-up: EUR/USD – Hold long entered at 1.2275

    Trade Idea Wrap-up: EUR/USD – Hold long entered at 1.2275

    Although the single currency retreated from 1.2353 to 1.2261, as euro has staged a rebound from there, retaining our bullishness and as long as this support holds, mild upside bias remains for another rebound. View full post on Forex Trading Ideas

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  • Trade Idea: EUR/GBP – Exit long entered at 0.8250

    Trade Idea: EUR/GBP – Exit long entered at 0.8250

    Current selloff on sterling’s broad-based strength has dampened our bullishness and suggests the wave v is still in progress, break of support at 0.8210 would extend recent wave 3 to 0.8150/60, however, loss of downward momentum should prevent sharp fall below 0.8100 and risk remains...

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  • Trade Idea Wrap-up: GBP/USD – Hold short entered at 1.4550

    Trade Idea Wrap-up: GBP/USD – Hold short entered at 1.4550

    Despite intra-day cross-inspired rise to 1.4563, as cable has retreated from there, retaining our bearishness and consolidation with downside bias remains, break of the Tenkan-Sen (now at 1.4476) would suggest the rebound from 1.4388 has possibly ended there, then weakness to 1.4450 would be seen...

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  • Trade Idea Wrap-up: EUR/USD – Exit short entered at 1.2220

    Trade Idea Wrap-up: EUR/USD – Exit short entered at 1.2220

    Despite intra-day selloff to 1.2110, as the single currency staged a strong rebound from there on short-covering, dampening our bearishness and gain to 1.2290/00 cannot be ruled out, however, only break there would signal a temporary low has possibly been formed and then correction towards...

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