Summerset

Summerset

Eurodollar is dual positive momentum on the 1 & 4HR frames, and will therefore surprise to the upside as high as 1.1150. Where it becomes a sell candidate on completion of Wave-B (yellow). Should the Market retract before attaining 1.1150, swing buy entries can be taken <1.08-1.09> Wave-C (yellow). to 1.1260 targets Profitable Trading Summerset

Summerset

Longer term, the divergence between FED & BOJ is taking Dollar Yen to 146/48, allowing multiple long entries to these levels. Profitable Trading Summerset

Summerset

The next up leg in the Dollar Yen has commenced, fundamentally supported by Mr. Powel's testimony for further rate increases "necessary" towards year end, and starkly contrasting with Mr. Ueda confirmation of continuation in BOJ's ultra easing policies the day before. Entry @ Market.Stop140.9. Target 143.15 Profitable Trading

Summerset

The Flag on the daily frame is a completed wedge on the 15min frame. Buy Mrk, stop 1.2635 (120 pts). Target 1.2950 / 3000 Profitable Trading

Summerset

There is a Flag Formation aligned to the candle advance on the daily frame, The target is 1.2973, Fundamentally the BOE could surprise & raise 50 pts today. Profitable Trading Summerset

Summerset

Today Bailey speaks. Prepare to buy S2 on 15min frame, only on a dual momentum trigger on 5x15 min frames. Sell positions by limit orders at 1.2560 & 1.26 Profitable Trading Summerset

Summerset

The motive rise from 1.18 is segregated on the 1HR chart above. The expected "shoulder" correction is labeled A-B-C (green),in a speculative wedge formation. SWING / POSITIONS :- Sell Leg (B-Green) <1.2560/80> to target Leg (C-green) bottom @ 1.2340 / 1.2290. Compile longs in Leg (C-green) "inverted shoulder" level, to holds & break >market high. Profitable...

Summerset

Currently undergoing a correction / retraction. The daily chart above displays the secular inverted head & multiple shoulders forming the current market bottom / support. The chart shows a continuous running plot of positive degree (3+4) momentum. The conclusion, therefore is the current retraction in sterling dollar is a shoulder formation between <2340-2270>...

Summerset

A Trigger has materialized on the 4HR now, to trade on. Buy market <0.8960> stops <0.8830>. Immediate target 0.9150, then 0.9280. There is potential to see 0.9360, before fall back to do a right shoulder. Profitable Trading Summerset

Summerset

Secular base has formed /is forming in the Dollar Swiss. (Ascending Triangle). A wave I-II has already formed, and the trigger showing on weekly momentum, could mark the breakout in a wave-III. The longs engaged in the Dollar Swiss as of last week, are investment longs in this formation. Profitable Trading Summerset

Summerset

The market is in a bearish wave-3 extension, about to do 3v. This is supported by the dual (-ve) momentum spoken on the 4&1HR frames. Sell the current trigger on the 30-min. (Rejection @ 200 MA, and rejection < OB on momentum) = <1.09-1.0870>. Stop 1.0990.Target neckline @ 1.0750/30 Profitable Trading Summerset

Summerset

Eurodollar is showing a double (-ve) trending momentum on 4&1HR frames, indicating the light brown / khaki neckline (shown above), to be the next target <1.073>. A possible right shoulder formation <1.085> could then form which should be aggressively re-shorted to <1.065-1.053> levels. The momentum trigger on the 4HR above shows the market potentially erupting...

Summerset

The trigger impacting the market on the daily frame is shown above. The market is now supported at a level/ 3 and about to procced to a level/1. (as marked by yellow arrows on chart). The intermediate term target in this advance is 140-140.6 (marked on side Fibs). And the closest support becomes 135.60 (61.8% Fibs, as marked by green arrows on the side...

Summerset

The 4Hr frame shows market to be climbing out of a right shoulder configuration on a confluence in (+ve) momentum on 4HR + Day & 1HR frames. There is now a possibility to break above and support the neckline shown. (compare green & red arrows shown on momentum). On the 4-HR frame targets can escalate to 139.2 & 140.2,before consolidation back to...

Summerset

There is an opportunity for re-entry / adding into Dollar Yen longs at current levels with stops at 135 -see chart. Swing Targets are 138.30/80. Fundamentally the position is supported by the BOJ's loose financial policies + resurgence in Dollar strength, due to credit contraction in the US Profitable trading Summerset

Summerset

A trigger has effected on the 1 Hr Chart shown above. Entry long is Mrk -0.8920. Stop 0.8820. Immediate target is 0.9080, then 0.9120/60. This is a positive swap trade. (The longer the trade is held, the more the interest accumulative gains to the trader). Profitable Trading Summerset

Summerset

Given the reversal prospects in Eurodollar t 1.0780 and beyond. A bullish breakout is occurring and triggering now in Dollar Swiss to target 0.9120 (Immediate) and as high as 0.9250 & 0.9340 in the interim future. The fundamental driver is the lending survey (y'day), which has cast a setting on markets of future credit contractions to come. Profitable Trading Summerset.

Summerset

The most immediate short entry to take is shown on the chart <1.0965> with a stop <1.1060- yellow arrow). Most Immediate target @ 1.0910. Best short term results (swing term) would be to hold until weedend. Profitable Trading Summerset