High probability live trades

GBPJPY killed initial support below next target is 131.05

DXY H1 update. Likely more downside. The way I see it on DXY charts, I actually expect mild volatility today into NFP/Powell.

Yes, there's more downside to the DXY, however it's fairly limited, do not forget that little actual progress is made towards Brexit
deal and clock is ticking.

That's why I think major trend change is not possible for DXY in October. As Brexit parties scramble towards some sort of a deal
and time will be running out into 31st Oct deadline might be little progress made and DXY will get bid as it's still the safe heaven currency.

Having said that for now more weakness for DXY // more strength for EURUSD into NFP and probably next week as well.
Target for EURUSD bulls is 1100//1150 as stated previously.

Final chart going into NFP. This is H4 DXY.

Price contained within a very well defined channel since August 2019.
NFP/Powell won't throw price outside this channel.

Another high incoming, probably close to 100 into end of Month.

Therefore I expect EURUSD strength to be temporary only and last until, say 1040//1060.
Reversal probably coming up sometime next week.

Until then, ride EURUSD on the bull train. Into NFP maybe wait for some sort of a dip and then re-load.

GBPUSD update this is 4 hour price chart.

GBPUSD nice accumulation, bull run next 8-12 days, target for bulls is 2550-2600.
GBPUSD will print a double top near 2550-2600 and then expecting a corrective move.
Details see chart. Entry for bulls early next week. SL - recent swing low + some buffer.
Nice swing trade setup.

here's EURUSD analysis posted previously. Click play button.
https://www.tradingview.com/chart/EU...RGET-1100-200/

big targets in GBPUSD next 8-12 days. 2500-2550 incoming.

https://www.tradingview.com/chart/GB...EXT-8-12-DAYS/

supplementary to the above analysis on GBPUSD, here's H1 chart with another possible outcome.
Either way, I recommend buying dips in the highlighted zone early this week.
Good luck, traders!

GBPUSD gap down at open.
Here's an alternative scenario on H4 based on EW with a target at 2160//2180 for the bears.
IF/when 2240//2260 fails, next target is 2160//2180.

If this pans out next day or two, I will be looking to buy near lows for a correction, target is 2460//2480.

EURUSD update. Massive rejection @ 1000. Clearly seen on H4/D1 price charts.
PA contained within this bear channel on H1/H2. I've got sell stops scaled below today's lows.

Target for bears is 0840. Previously I had a somewhat different plan, based on bulls taking out 1000 early this week.
However this plan failed so far and I have to make adjustments to the trading strategy.

Good luck, traders!

GBPUSD big dump is pending guy, be careful. I've got sells stops scaled below today's low + some buffer (15 points).\

Here's inverted daily GBPUSD (USDGBP on Ice Exchange). V-shape recovery, this could sink GBPUSD by 200 pips next few days.

sentiment also in bear's favor. Target for bears is 2000.

here's my trade setup in EURUSD for the FOMC-minutes. SL/TP - see chart. Good luck, traders!

H4 GBPUSD bulls died here.
Waterfall dump still pending.
Very likely starts after FOMC minutes today.
Target is 1950. September lows will get re-tested.
Compressing into trn and then dump.

GBPUSD waterfall dump warning. If you got longs, better cover them now.
This dump will be epic - 250-400 points.

not taking this trade (sell side). 1000 strong break out.

GBPUSD market update

looking for a re-test of recent highs (spike), will scale in sells near 2380
and near possible tech overshoot (2420).
target for bears is 2140 next week (+240-280 points).
stops at 2460.

GBPUSD update on daily and possible target for bulls in this cycle

3160//3190 is also year pivot. bulls might be pushing for a re-test of the year pivot now.

here's GBPUSD daily std dev channel. 3150 is a nice target for GU bulls now.

huge options plays first week of November 2019 in-line with the above.