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EURNZD

Cholia Posted 7 Nov.  in #Trader's blog
Hello all,
EUR looks weak and I'm looking to short it against strongest currency from AUD, CAD, JPY and NZD list.
At moment best pair looks EURNZD:
We have strong price rejection from weekly levels above, nice bearish price action. MACD pointing lower and divergence with price, higher highs. We do not have break of rising uptrend but I wanted to enter trade early. So sell at around current levels with stop above 1.69555 and targeting previous resistance that possibly turend support at 1.6255 lev…
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GBPCAD update

Cholia Posted 20 Oct.  in #Trader's blog
Hi all,
trades on GBP didn't worked out well and with weak CAD economical data and some comments CAD is falling and GBP is strengthening.
It's simply talks and no major shift but on friday markets it is good for some traders to have volatility to end week well =)
Anyway, I will be looking to fade this recent friday price action in future unless we will see higher highs and bullish price action with break outs. However if we will see some selling coming in at higher levels it is really possible …
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GBPCAD

Cholia Posted 19 Oct.  in #Trader's blog
Hello all,
GBP is looking really heavy after yesterday and today economical data, brexit also gives additional pressure for this currency.
So I'm already loaded with GBPAUD and looking to add with GBPCAD:
Entry at today lows break, with target at recent support with stop above recent highs. If move will advance I will be looking to lower take profit level to this year low. We will see how this will develop. since we had some big move in sterling we can see some consolidation but price action loo…
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GBPAUD

Cholia Posted 18 Oct.  in #Trader's blog
Hello all,
I'm going short GBPAUD pair again:
After recent trade was closed we had some pull back but yesterdays economical data was mostly in line as expected or missed expectations and sterling fell. I'm looking for breaks of recent lows and retest of previous resistance. We have lower highs here with nice price action, MACD is pointing lower and price broke my moving average so trade looks nice at this point.
Stop above recent highs.
Stay alert my friends for todays average earnings as they …
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EURAUD

Cholia Posted 17 Oct.  in #Trader's blog
Hello all,
My trade on EURAUD is working really well now, but price action is flirting with uptrend line:
We had a strong bearish move from resistance and double top, one day of consolidation and all depends who will win this short battle.
If it breaks we easily can see 129.5 level reached, however if this level holds, I will move my stop loss to break even and we can see break of triangle north and strong bullish move.
We don't know what will happen but I have a plan for both scenarios with min…
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USDCHF

Cholia Posted 16 Oct.  in #Trader's blog
Hi fellow traders,
I'm heavily exposed on short EUR positions now and after last week moves it might give back those losses. Hopefully we will see few more legs this month so I could profit from them.
Part of that is long USDCHF trade which is pending around 0.97725, and stop at recent consolidation lows.
If it breaks to upside I will be looking for test of this year highs. But many things needs to align here, ECB, fomc hikes and reduction of balance sheet and etc.
It is really possible that we …
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EURJPY

Cholia Posted 15 Oct.  in #Trader's blog
Hello all,
I'm looking forward for EUR weakness to continue as I believable EUR was overbought and need some retracements. Also on ECB I expect it to be more easy than market expects and this rally was built on.
Chart :
Rising trend line is broken and price action looks bearish. MACD seemed like going to reverse higher but we have further downward continuation. 10 ma and 20 ma is broken.
My entry is below recent support consolidation, stop above recent price action and target first lows. I'm exp…
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EURGBP

Cholia Posted 14 Oct.  in #Trader's blog
Hello all,
EUR was weakening all friday across the board. Most likely traders are positioning for next ECB meeting. Anyway, Ive entered EURAUD and EURGBP short trades.
EURGBP was falling for some time and nice retracement finished with big spread doji candle. It completed at least 50% fib retracement and usually that kind of bar is pretty good signal. So I am entering short trade but with my finger to cover position if price will not fall fast. First target is recent lows, which if broken, can f…
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EURAUD

Cholia Posted 13 Oct.  in #Trader's blog
Hello traders!
I'm looking at EURAUD pair which started to form double top pattern.
Same level was rejected yesterday and down candle spread was engulfing few previous candles. It's an early entry but 10ema is broken and we have really nice price action so I'm selling at around current levels with stop at 1.52555 and first target of recent lows and first major support at 1.48155. If we will see some sharp moves I can move take profit lower but we need to wait and see.
EUR is looking weaker acros…
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EURJPY

Cholia Posted 12 Oct.  in #Trader's blog
Hello all,
I'm looking to cover my USDJPY position as entry was triggered but move is not clear. dollar index looks like weakening but signals from different pairs are mixed so I'm not risking here.
However I'm leaving my EURJPY entry in place.
Euro was rising for few days but there is strong resistance and if it breaks lower levels it might be fast fall so I'm still keeping trade in place. It seems that we can have divergence with MACD indicator which would confirm our view.
Over longer term I …
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