Trade Idea of the Day

Short AUD/USD at 0.9290

Stop Loss: 0.9330

Target: < 0.8900

Trade Idea of the Day (Update)

Looks like the impulse down was not complete and has extended further. I have updated the chart to show what I think is going on now. Still waiting for a Fibonacci pullback to short the pair.

I think the GBP is due for a spate of weakness. This coincides with my current trade long in the EUR/GBP. Cable has been confined to a clearly defined range, and is at present very close to the top of it. A short from near here offers a good risk/reward ratio.

Short GBP/USD at 1.655

Stop Loss: 1.664
Target: 1.630

Edited 6.20 P.M. GMT + 10 Hours

Trade Idea of The Day

Long NZD/USD at 71.50
Stop Loss: 70.85
Target: 74.00

To be canceled if not initiated by 11 P.M. GMT + 10 Hours

Trade Idea of the Day

Long EUR/GBP from 0.8990
Stop Loss: 0.8912
Target: 0.9150

Trade Idea of the Day

Long USD/JPY from Current Level (89.75 at the time of posting)
Stop Loss: 88.00
Target: > 93.50 (Where wave A/1 = Wave C/3)