Every week our non-edited trading desk strategy remarks in deep analysis and medium term trading strategy.
TRADING DESK STRATEGY REMARKS AND MEDIUM TERM TRADING PLAN NON-EDITED
-For——- Trading desk
Main trading strategy focus still on $DXY
DXY has broken below the uptrend line 99.20 level which is now the downside support.We are expecting the downside continuation and we will adjust our strategy to USD short after the elections this weekend. Looking at the 96 target on the downside.
EURUSD is testing the key 1.10000 level resistance. The close above this level would lead to an upside extension. Important notice—- We will look for long entries only on the close above the mentioned 1.10000 level.
GBP/NZD is breaking above the median line of the long term downtrend Pitchfork channel 1.7900 level and is testing the upside resistance 1.8850 level. Important notice—- Watching the price action for a long trade on lower time frames.
USD/NOK is rejected again from the 8.7300 level. We will look to short from this level for a downside triangle move. Important notice—- looking now for the short entries on an intraday bearish price action with SL above 0.87400 level.
USD/JPY is still in the bearish positioning below the weekly 100 SMA 113.350 level. This is now opening the possible long and short trade entry. Important notice—- Looking for the both long/short on the break above this level or the rejection from this level.
SILVER is testing the strong uptrend line 16-16.30. This zone is the good opportunity for buying with good RR also selling. Important notice—- looking for long/short entries depending on a break bounce from 16-16.20 level or a bearish price action below this level.
USD/CAD is rejected from the strong resistance 1.3800 level. Important notice—- Looking for the long/short trade entry depending on the break above 1.3800 or rejection from it based on an intraday price action.
Nikkei is positioning around the 195.50 resistance which is opening the long/short trade. Important notice—- looking for long/short entries on the break above/rejection from 195.50 level.
To improve is to change; to be perfect is to change often. Winston Churchill
—-Switching from USD bullish to neutral and more bearish