Recent content by Brett Reynolds

Many commentators and others have been forecasting 'Back to Parity' for Euro and also 'collapse' of £GBP etc. It could well be the case that both currencies 'Hit their Bottoms in Sept 2022. This was also when ALL News agencies were calling Doom & Gloom after the Liz Truss debarcle. Just utter...

I am watching Gold to hold below $2360 level this week with News data realease's etc.!

I took a long on Cable 23rd April as i saw potential of Reversal as market was heavily sold down on Monday 22nd April. This was a Bear Trap'. I took the profit on trade at $1.25 last week. The Euro & Cable are in the middle of indecision at the moment and it's difficult now to take 'any'...

My stop was Hit at $2325 for a small loss on US seshion yesterday after initially moving down to $2306 in the morning. I should have moved my Stop to Breakeven then..!:rolleyes: I always trade 'Inside Daily Bars'..which if you see we had on Tues 7th. These Trades can go 'either way' but when...

Will wait for weekly Bar to close but as mentioned i think close below $1.0750 could give nice short opportunity with stop above $1.0800..!? :cool:

My Sell from $2320 yesterday is still intact. Stop still at $2325. I will move to Breakeven later today..if downside Action continues.

I took small sell yesterday at $2320 after Daily failed to close above this area. Again this morning the 1 hourly 'retested' $2320. Stop above $2325 with Targets back down at $2280 then $2240..!? ;)

I think $1.08 is critical for this week as resistence and $1.0750 support. A Daily close below this support i would be very interested in enter sell position..! ;) Stops above $1.0800 and TP $1.0600 area. I think we need some BIG News to move market next week either way..as i am suspicious' on...

If Market closes below the $2320 area today i would be tempted to place small sell position..:rolleyes:

It's an English Lookalike'..not a Russian one.. :D

Yes. Stopped out today at Breakeven on Friday trade... :rolleyes: Price now at $2320..and will look to see what happens on 4hr and Daily close today!? Its a holiday here in UK so i don't expect too much movement. $2350 is also another level that market could reach this week..especially if...

I want to see Daily close below $1.0750..but looking at my charts market could continue higher to Tag $1.0820 area or slightly higher even..1 It's Tricky..because everybody is looking to Sell around these levels for BIG Short! Next week will be really interesting..around £1.0800 area..!? :rolleyes:

I took a sell at $2308 afer NFP. I got my stop to breakeven...with targets to $2280 then $2240..:rolleyes:

I am biased sell on Gold with a move initially back to $2240. This depends on a 4hr or Daily close below support at $2280. I would need to see a 4hr close 'Above' $2320 to change my opinion. A 4hr descending triangle is forming..BUT with NFP i will NOT be placing any trades before...!? :rolleyes:

I prefer to ride longer and bigger waves with the weekly trend and positive swaps.. ;)