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
-This is the last Trading desk strategy report for this Year, next week we will distribute Trading strategy for 2017. Reports will be back on January 7, 2017.
Main trading strategy focus still on $DXY
Positions in the USD are built and we are approaching 105 target level which we expect to be hit by the Year end. So we will trade long USD combined in different pairs and crosses until the level is hit. Support zone for this continued uptrend is 102-102.50.
EURUSD we will continue to build shorts below 1.05000. We are targeting 1.00907. We are short again after first target 1.04000 is hit.
USD/NOK we have closed first long. After the break of important 8.5000 we target 8.8000 extension. Important notice—- watching closely intraday price action for adding long entriesin 8.5500-8.6000 zone.
AUD/USD we closed the first short and we will continue to look for new short entries around previous resistance 0.7330 for the target zone 0.6900-0.7000 .Important notice—- Looking for a short entry next week.
GBP/AUD in addition to our AUD/USD projected weakness, we will look to go long GBP/AUD against 1.6830. Important notice—- Looking for long entries on intraday price action.
EUR/AUD is our over the Holidays short candidate because of huge positive swap on shorts and huge pips space downside. Important notice—- Looking for short entry here or higher in 1.4350-1.4400 zone next week.
Our candidate from Indexes now is Nasdaq. Still looking for perfect long entry and we will wait for a possible pull back to 4850-4900 zone for best RR trade.Important notice—- Entry long next week.
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—-