Once Upper targets hit in Europe or America then shorts only for remainder day. I'm viewing this concept under the new Market structures since June 2016 as Long Europe and Short America or Short Europe and Long America. The central banks changed the structure to limit volatility. I add as well, Central banks are unfriendly to exchange rates. Yet the central banks give to the public trades every single trading day and its where my trader are derived therefore no stops needed, no charts, no faulty technical analysis needed. Frankly, technical analysis scares me. Trades are timed and friends know exactly what to do.

The key is to make productive use of time and profits but not to allow a pip to go by without profit. If it took 2 days to earn 100 pip profit yet 300 pips went by then productive use is not working. Failures than normal just before target. I add failure points to ensure
success on the correct price.

Upper Targets are established in Markets since 1898 and they are written in stone without ever a change in future. A price that breaks my lines must by Law go to Upper Target but under the new structure, we've seen more Failures than normal just before target. I add failure points to ensure success on the correct price.

I will post results after 10 am EST.

 

AUD/USD

Most important 0.7610 and 0.7560

Bottom. 0.7635 achieves by 0.7654 and 0.7643

Upper target 0.7695 to 0.7704, Way overbought here

Bottom channel 0.7610, 0.7616, 0.7623

AUD/EUR is 8th Pair but a special Pair for a friend yet special pair due to deep insights to AUD/USD and EUR/AUD as the driver of AUD/USD.

 

AUD/EUR

Most important 0.7126, 0.7135 and 0.7145

Bottom. 0.7216 achieves by 0.7234 and 0.7225

Upper target 0.7282, Caution Overbought here

Note Most important are bottom channel points

Overnight range 0.7249 to 0.7287.

 

USD/JPY

Most important 113.76 and 112.68

Bottom. 113.76 achieves by 114.10 and 113.99

Upper target 114.77

To target 114.64, Watch Continuation Fail point 114.51

Break 114.77 in days ahead then 115.00's easily

Trend up

 

NZD/USD

Most important 0.7198, 0.7180 and 0.7123

Bottom. 0.7143 achieves by 0.7162 and 0.7151

Upper target 0.7213,

Continuation Fail Point 0.7201

Note most important are strong breaks

Trend down

 

EUR/USD

Most important 1.0640 and 1.0672

Bottom. 1.0527 achieves by 1.0554 and 1.0541

Upper target 1.0632

Continuation Failure point 1.0602

To Target 1.0594, 1.0600, 1.0619 and 1.0640. Up Channel 1.0640

Trend down

 

EUR/JPY

Most important 120.19 and 119.93

Bottom. 120.37 achieves by 120.68 and 120.52

Upper target 121.42 Continuation Fail Point 121.38

To Target 121.06, 121.20, 121.34

 

GBP/USD

Most important 1.2413 and 1.2542

Bottom. 1.2404 achieves by 1.2435 and 1.2420

Upper target 1.2518

Continuation Fail 1.2498

GBP stuck 1.2413 to 1.2542 but trends begin 1.2644 and 1.2440. Don't feel bashful regards to stay away.

Trend down

 

GBP/JPY

Most important 140.26 an 139.88

Bottom. 141.82 achieves by 142.17 and 141.99

Upper target 142.92 Continuation Fail Point 142.88

I would play GBP/JPY from shorts only side

Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD advances toward 1.1200 on renewed US Dollar weakness

EUR/USD advances toward 1.1200 on renewed US Dollar weakness

EUR/USD is extending gains toward 1.1200 on Friday, finding fresh demand near 1.1150. Risk sentiment improves and weighs on the US Dollar, allowing the pair to regain traction. The Greenback also reels from the pain of the dovish Fed outlook, with Fedspeak back on tap. 

EUR/USD News
Gold price advances further beyond $2,600 mark, fresh record high

Gold price advances further beyond $2,600 mark, fresh record high

Gold price (XAU/USD) gains positive traction for the second successive day on Friday and advances to a fresh record high, beyond the $2,600 mark during the early European session.

Gold News
USD/JPY recovers to 143.00 area during BoJ Governor Ueda's presser

USD/JPY recovers to 143.00 area during BoJ Governor Ueda's presser

USD/JPY stages a recovery toward 143.00 in the European morning following the initial pullback seen after the BoJ's decision to maintain status quo. In the post-meeting press conference, Governor Ueda reiterated that they will adjust the degree of easing if needed.

USD/JPY News
Shiba Inu is poised for a rally as price action and on-chain metrics signal bullish momentum

Shiba Inu is poised for a rally as price action and on-chain metrics signal bullish momentum

Shiba Inu remains strong on Friday after breaking above a symmetrical triangle pattern on Thursday. This breakout signals bullish momentum, further bolstered by a rise in daily new transactions that suggests a potential rally in the coming days.

Read more
Bank of Japan set to keep rates on hold after July’s hike shocked markets

Bank of Japan set to keep rates on hold after July’s hike shocked markets

The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session. 

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures