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 building long positions in USD pairs with this heavy upside break of multi month rectangle 100.600 level and a closing to new highs this week 101.50 level. We will build long positions and possibly close it all before December FED meeting, and use any retracements and new breakouts to add new position.
EURUSD has made the bearish inside bar weekly candle for a possible downside continuation. We will look for any price action form rectangle formed intraday to enter short positions. Regarding new political uncertainty and strength of the dollar we do not expect deeper correction when liquidity comes back on Monday. Important notice—- look for an intraday price action.
USD/NOK is rejected form 8.6100 level and has retested broken Pitchfork channel 8.5000. We where waiting for this retracement for long. Important notice—- watching closely intraday price action for long entries.
AUD/USD has made an perfect retarcement all the way up to break out levels and this is now perfect for adding new short position.Important notice—- Looking for a short entry next week on a bearish candle close below 0.7400.
Although we had bad experience with USD/CAD Friday candle is giving good risk reward opportunity again. 60 pips candle is good for continuation trade based on price action and bullish flag break. Important notice—- possible long entry at the Sunday open.
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 or on a bullish price action from 14.
Our candidate from Indexes now is Nasdaq. Friday price action and bounce from 4830 support is giving us a clue about possible run to 5000.Important notice—- Entry long Sunday open or Monday.
To improve is to change; to be perfect is to change often. Winston Churchill
—-Building USD long positions and watching the opportunities to exploit Indexes strength EUR weakness—-