No Brainer Trades

Spike base caused by the SNB Intervention

Shall we buy the eur now?
3 previous atempts to break the level

H1 closed above 13600, looking to long when price pullback to 13600. Tp 13690, any comment ?

I'd rather wait for long at 135. That level has bigger history imo. Yen pairs can swing 100 pips in no time (any other can, by the way)

I think EJ has run out of puff

the only was is down now I think first real re entry level 135

Simon

I want to short E/Y too. 1.3686-1.3700 seems like a good candidate if price reaches there, but it is only after news pass. It looks like last summer/ fall volatility is back. so, it is better to be careful.

yep I agree very cautious in current mkt conditions

I think UJ has great influence on the direction of other yen pairs and there are some coinciding h4 highs/lows around 97.2x - 97.3x so I think looking for shorts is a good idea, on EJ it would be 136.60 - 136.86

if the mkt could shut up about reserve currency and bad US eco data maybe the $ would go down

There was a nice head and shoulders on the nzdusd and a possible buy at 63.55

63.77 is also an area of interest but prefer the lower with the speed at which it is moving down

Looking to short EURUSD 1.4100. Problem is few hours ago, price did went to 1.4081, short of 19 pip to 1.4100 for short.

Wondering if this time around, 1.4100 will hold ?

Any comments ?

Buy limit at 136.00 didnt get trigger. Price went to 136.10 and went back up. Cancel buy order and now looking to sell 137.00.

Any comments ?

I did not take E/J 1.3686, was already short with G/U and E/U. at 1.6541 and 1.4171 respectively.

So how bullish do you feel?

Excellent resistance area 1.4634 to 1.4582
Don't ignore the 3 spikes (1.4310, 1.4365, 1.4439) below the S&R area to the left either as they can offer reactionary areas as well.

Ironman, do weekly and monthly lows highs have significance in itself for this strategy without seeing it repeated in the past?
There is not much history actually, but there is monthly repeat of one of those resistances in 1994.

Very - the trend is up!! at least till1.6 anyway.

my current EURCHF short, comments welcome.

hourly closed below res. line, 50% fib right there too, price action seemed to suggest selling pressure at this point.

short?