Brian Twomey
Brian's Investment
As usual all trades this week were winners and trade to target remains an ongoing +10 year victory story for short day trades to weekly and long term targets. And as usual, no stops, graphs, charts, god forbid no Fibs or ulterior indicators for wrong forecasts to entries and targets.
Best part to entries and targets is no screen watching as we know targets will achieve. Those days are long past and it allows for time to live life outside of markets.
For long term target example is GBP/USD. Targets in 4 years as follows: 1.3800's, 1.3600's, 1.3400's and today 1.3198. All targets achieved destinations as written but all targets by Mathematical law had to achieve destinations by no other choice. GBP/USD 1.3198 will achieve it destination.
A price doesn't know, care nor understand for example BOE stimulus, interest rate changes nor Fed stimulus, interest rate changes or Retail sales, PMI, speakers or testimony. A price could care less about Trump or Biden.
Time to 1.3198 is irrelevant. From current 1.2400's and a 700 pip target , traders should hope for a lower GBP/USD to 1.1900's, 1.1800 to increase profits and to not watch markets until 1.3198 trades.
Trade theme this week was bottom and top currencies, EUR/USD Vs NZD/USD. And top and bottom within universe, NZD/USD V NZD/CAD. And AUD/CAD to match NZD/CAD.
Trade and Results
EURUSD Weekly Trade As Posted
Short 1.1289 and 1.1305 to target 1.1144.
Highs 1.1353, Lows 1.1185
trade Runs from 1.1305 +120 pips
From Add lot 1.1353 +168 pips
target 1.1144 Ongoing
NZD/USD
Short 0.6481 and 0.6496 to target 0.6334.
Highs 0.6501 Lows 0.6406
trade Runs +90 pips
Trade Ongoing to target
AUD/CAD
Short 0.9358 and 0.9386 to target 0.9287.
Highs 0.9427, Lows 0.9296
Perfect Target.
Trade ran +90 pips from 0.9386 and +131 from add lot 0.9427
NZD/CAD
Short 0.8786 and 0.8797 to target 0.8625.
Highs 0.8800, Lows 0.8718
Trade Runs +82 pips
Trade target Ongoing
4 trades, +408 pips. As usual trades are few and profits always high and trade perfection achieved.
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
Editors’ Picks
EUR/USD holds below 1.0750 ahead of key US data
EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments
USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.
Gold price oscillates in a range as the focus remains glued to the US PCE Price Index
Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.