SE1 Capital Markets

Evolving to Consistency

Browsing Posts tagged Range

GBP/USD, September 3

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GBP/USD, September 3, 8am UK Time

It’s September NFP day and volume is down. That’s probably saying it all.We are in a pretty congested area around 1.5425 and so far Cable is reluctant to push higher making risk reward calculations difficult. If I don’t see more action, I will hold off until NFP or, alternatively, don’t take a trade at all.

GBP/USD, September 3, 8am UK Time

GBP/USD, September 3, 8am UK Time

GBP/USD, September 2

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GBP/USD September 2, 8am UK Time

We are stuck in a range from 1.5583 – 1.5327 flanked by significant, long term fib levels. We saw a news driven burst up yesterday¬†to the well known 1.5480 level with bulls losing control again. Cable slowly re-traced during Asia. We saw a typical Cable pattern into London open. Two short bursts up forming a double top usually followed by a stronger 50-70 pip down move. The latter is the one I am betting on for today’s open. The problem is that USD and the GBP are weak, making this a bit tricky to trade. As posted on twitter, we need to see a clear break below 1.5390 to see lower cable levels.

GBP/USD, September 2, 8am UK Time

GBP/USD, September 2, 8am UK Time

EUR/USD, July 22

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Sorry for being so slow, but my internet provider still hasn’t fixed the connectivity issues and I doubt that I will be fully operational before mid next week. In the meantime, I will try my best to update charts from publich WLAN places.

After a two-day down move of EU/USD, with a little stop at the critical 1.29 level (area marked in blue), we saw a very strong bounceback to the same level. If we break it to the upside, we can go back to the upper range of the channel at 1.3, if we break out to the downside we will see 1.27 again.

EU/USD, July 22, 4pm UK Time

EU/USD, July 22, 4pm UK Time

AUD/JPY, July 19

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AUD/JPY, July 19, 8am UK Time, H1

The pair is trading in a 600 pip wide range from 73 up to 79, currently almost in the middle just above 75. Two decision zones, based on daily and H1 Fibos will determine direction for today. Trade what you see.

AUD/JPY, July 19, 8am UK Time

AUD/JPY, July 19, 8am UK Time

 AUD/JPY, July 19, 10pm UK time

RANGE TRADING. The critical zones held all day and AUD/JPY has still not decided where to go.

AUD/JPY, July 19, 10pm

AUD/JPY, July 19, 10pm