Daily very extended from the 8 EMA Volumes on the 4hr show serious slowing around Fridays high one last volume push to crate monthly high with no appetite to sustain this. Possible shake out of shorts. Currently at trading at 10.36308 the above entry for retracement traders to be assessed on Mondays price action I'm already in so need to tough it out until the European session opens. No resistance until 10.27300 although watch 10.33200 for slow down or consolidation. If it breaks below 10.2600 re enter with trailing stop down to 10.08200 Some minor news Monday Markit PMI and more news Tuesday remember oil price effects the NOK and also the spread is at times outrageous so time the entry. My first post so go easy on me amigos
Propulsion , trend continuation set up
Set pending buy limit order at 50 % pullback support. GBP is strong, CAD weak. decent fanned out EMA...view more
LOOKING TO JUMP ON THE NZD/CAD TREND LONG
I like this trade fundamentally and technically. The CAD remains weakest in the basket and the NZD is one of the strongest. Our level is drawn at 0.91644 Our 50% entry is also a 2 x ATR Wait for the pullback and enter. Stops below the line of significance 0.5% risk GL 😃
Naked setup
Set a sell stop @1.76799 Tp 1 @ 1.76234 when we reach tp 1 move sl to break even/ entry and take half of the position For the second To @1.77751
Propulsion , trend continuation set up
LOOKING TO JUMP ON THE NZD/CAD TREND LONG
Naked setup
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
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