Every week our non edited trading desk strategy remarks in deep analysis and medium term trading strategy. Unique! You will see how we prepare our trading strategy.
TRADING DESK STRATEGY REMARKS AND MEDIUM TERM TRADING PLAN NON-EDITED
-For——- Trading desk
Main trading strategy focus still on $DXY
We are now bullish the USD DXY index because of it’s heavy turn this week from 100 SMA (red line) support again, exactly 95.40 level. We are now building long positions in USD pairs with this heavy upside break of multi month rectangle 100.600 level. W will build long positions and possibly close it all before December FED meeting.
EURUSD rejected hard from perfect falling trend line Pitchfork channel 1.11760 level. We have a break of almost 20 months wedge on the pair. This means continuation. We will be looking for shorts on a pull back or at the market concerning heavy break below 1.0630.
With the break of important level in EURUSD there is potentially larger trade incoming. EURCAD is below 200 SMA on the weekly chart 1.4320. Important notice—- sell stop below Friday candle, recommendation will be issued.
NZDJPY is near the upside break or a fall in a ascending triangle. We will look to get long on a break of 78.000 or short concerning the weakness in NZDUSD .Important notice—- Looking for a short/long entry next week.
NZDUSD breaking the short term uptrend and opening downtrend continuation. We are short and we will be looking to add more size for a hard target of 0.6780 .Important notice—- Looking for another short entry.
USDZAR is one the perfect candidates of Emerging market currency weakness against the USD . It is near a break of 200 SMA (blue line) on a daily 14.5670 level. This will be ours trigger level for longs. Important notice—- Looking for long entry on a break of 14.5670.
And finally our long watched trend following candidate is Nikkei specially if YEN weakness continue. It has closed above important resistance 1750.Important notice—- watching price action closely for an entry long at the market or buy stop, buy limit combination of 1740-1790 weekly candle.
To improve is to change; to be perfect is to change often. Winston Churchill
—-So many trade set ups now emerging but we have to be patient trend is developing USD long, indices long, YEN shorts—-